India Infoline

History

IIFL was co-founded on Oct 17, 1995 by Nirmal Jain and R. Venkatraman. Jain was previously employed with Hindustan Lever Limited. The company was founded as Probity Research and Services Private Limited which provided research on the Indian economy, businesses and corporates. The name was later changed to India Infoline Limited.

A few years into the business, the organisation found itself with clients which included research organisations, banks and corporates. They then began launching their research products to become more noticeable in the market. In the meanwhile, the dotcom revolution was beginning to take place in India. The website was created in 1999.

Taking the business one step ahead this group of consultants opened a trading portal – www.5paisa.com –in 2000 thus moved into the business of being a full service broking agency. During this time they widened their distribution network.

In 2001, the Indian dotcom industry saw a downfall. During this time, sustaining became tough. The organisation then decided to tie-up with leading Life Insurance company ICICI Prudential, thus putting to use its distribution network and becoming India's first corporate agent for insurance.

Operations and global offices

Apart from India they are present in 8 other countries - Singapore, Dubai, United States, UK, Switzerland, Hong Kong, Mauritius and Sri Lanka.

Company profile

IIFL Holdings Ltd is divided into 11 companies.

1. India Infoline Ltd.
2. India Infoline Finance Limited: India Infoline housing Finance Limited is under this company.
3. India infoline Insurance brokers Ltd.
4. India Infoline Commodities Ltd.
5. IIFL Assets management company & IIFL MF
6. IIFL Private Wealth management Ltd.
7. IIFL (Asia) Pte Ltd.
8. IIFL Inc. (US) investment Advisors Ltd.
9. IIFL (UK)
10. IIFL Multi National Company.
11. 5Paisa Capital Ltd.