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Verified employee & interview reviews
Mumbai, Maharashtra
IIFL Finance Limited (formerly known as IIFL Holdings Limited) is a prominent, diversified non-banking financial company (NBFC) headquartered in Mumbai, India. Founded on October 18, 1995, by Nirmal Jain, an alumnus of the Indian Institute of Management, Ahmedabad, the company originally began its journey as Probity Research and Services Private Limited to provide research on the Indian economy and corporate sectors. Over the years, it evolved into India Infoline Limited and eventually transitioned into a leading financial services conglomerate, ranking among the top seven financial conglomerates in India. The company offers a wide spectrum of retail and corporate financial services, primarily focusing on small-ticket and retail lending products. Its diversified loan portfolio includes gold loans, home loans, business loans (including loans against property and medium & small enterprise financing), microfinance, developer and construction finance, and capital market finance. Retail loans with a ticket size of less than INR 1 crore constitute approximately 98% of the company's consolidated Assets Under Management (AUM). Financially robust, IIFL Finance manages a substantial AUM of nearly INR 98,336 crore and maintains a nationwide operational footprint through a thriving network of over 4,700 branches across more than 500 cities, serving a customer base exceeding 4.6 million. IIFL Finance operates alongside several key subsidiaries to optimize its specialized product offerings. These include IIFL Home Finance Limited, a technology-driven leader in affordable housing finance backed by the Abu Dhabi Investment Authority (ADIA); IIFL Samasta Finance Limited (formerly Samasta Microfinance Limited), which provides microfinance services predominantly to women organized under Joint Liability Groups; and IIFL Open Fintech Private Limited, which delivers digital sales, lending, and wealth management infrastructure to MSMEs. Additionally, its digital ecosystem is strengthened by step-down subsidiaries like Xtracap Fintech India. The conglomerate is publicly traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker symbol IIFL. The company has historically attracted backing from prominent global and institutional investors, including Canadian investor Prem Watsa, General Atlantic, and British International Investment (formerly CDC Group). Guided by its core organizational values of Fairness, Integrity, and Transparency (FIT), IIFL Finance continues to deepen its market penetration across Tier 2, Tier 3, and Tier 4 towns, driving financial inclusion and providing accessible, technology-driven credit solutions across India.
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