Our History

A glimpse into our journey so far

Over the past two decades, IIFL has built a deeply entrenched network catering to retail customers in over 2,500 business locations across India. We deliver a broad array of financial services through our network of branches, sub-brokers and franchisees, which are complemented by our call centers, online and mobile channels. Our reach in 24 states across India brings us closer to our customers, enabling us to address their needs quickly and efficiently.


A small group of passionate individuals formed Probity Research and Services Pvt. Ltd, an Information Services Company in October 1995 with a vision to produce high quality, unbiased, independent research on the Indian economy, business, industries and corporates.

Originally incorporated as Probity Research and Services Pvt. Ltd., the name of the company was later changed to India Infoline Ltd.

1997 to 2000

Added marquee clients including Hindustan Lever, Tata Group companies, CRISIL, McKinsey, SBI, Citibank, to name a few.

Launched our research products - Probity 200 Company Reports, followed by Economy Probe, Sector Reports covering Pharmaceuticals, Information Technology, Oil & Gas and FMCG among others.

Launched www.indiainfoline.com to provide all this research on the internet and multiply the number of users. CDC was the first private equity firm to invest in India Infoline, funding us to the tune of US$1 Mn.

Pioneered online trading with the launch of www.5paisa.com, a full service brokerage at 0.05% when the industry was at 1-1.5%. Received growth capital from Intel and other investors.

2001 to 2005

Became India's first Corporate Agent for Insurance, tying up with ICICI Prudential Life Insurance

Launched our 'Trader Terminal', a pioneering technology built over 3 years, our retail investor's very own Bloomberg. The product became an instant hit and remains sought after till date.

Received license for commodities broking, including advisory services

Listing on NSE and BSE, our maiden IPO

2006 to 2010

Commenced our lending business, moved from fee-based to fund-based business

Started institutional equities business, with IIFL being the port of first call for FIIs and DIIs

Launched IIFL Private Wealth Management

Registered with NHB for housing finance business

Commenced Gold Loan business, further diversifying the product portfolio

2011 to 2015

Incorporated IIFL Mutual Asset Management Company, covering the entire gamut of financial services

Announced the Real Estate Fund, focused on the affordable residential segment in the top seven cities in India

Launched India’s biggest AIF till then, raising ₹ 6.28 Bn, recording all-time high income and profits

Set up advisory services for succession and estate planning in IIFL Wealth Management

Launched mobile trading platform, IIFL Markets

2016 to 2020

Raised ₹ 13,414 Mn (US$ 202 Mn) from Fairfax Group

CDC Group plc invested ₹ 10,050 Mn (US$ 150 Mn) in India Infoline Finance Ltd.

General Atlantic invested ₹ 9,038 Mn (US$ 134 Mn) in IIFL Wealth Management Ltd through fresh issue of equity shares and additionally ₹ 1,591 Mn (US$ 23 Mn) for the acquisition of shares from employees of IIFL Wealth

Acquired Samasta Microfinance Ltd, a Bengaluru-based micro finance institution

Demerger and subsequent listing of 5paisa Capital Ltd on NSE and BSE

IIFL Wealth raised ₹ 746 Cr via fresh issue of equity and issued shares to Ward Ferry Management Ltd, Rimco (Mauritius) Limited, Amansa Holdings, General Atlantic Singapore Fund, Steadview and HDFC Standard Life Insurance

Group Reorganization into three listed entities. IIFL Securities Limited and IIFL Wealth Management Limited were demerged and independently listed. IIFL Holdings Limited was renamed as IIFL Finance Limited.

Raised US$ 100 Mn from Export Development Corporation (EDC) of Canada

2021 to 2025

Raised US$ 400 Mn through a Dollar bond offering, diversifying our liability sources

Transferred substantial part of the Construction & Real Estate (CRE) loan assets to an AIF having a target fund size of ₹ 3,600 Cr. Credit Opportunities III PTE. Ltd, a fund managed by Ares SSG Capital Management to contribute upto ₹ 1,200 Cr into the AIF.

IIFL Home Finance raised US$ 68 Million by issuing NCDs to Asian Development Bank

Abu Dhabi Investment Authority (ADIA) signed a definitive agreement to invest ₹22 Bn for a 20% stake in IIFL Home Finance

Effective April 1, 2022, Mr. Arun Kumar Purwar, former Chairman of State Bank of India, has been appointed as Chairman of IIFL Finance

IIFL Finance and Open Financial Technologies formed a Joint Venture to launch India’s First Neobank for MSMEs