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The full form of IIFL is India Infoline Limited. India’s most diverse financial services provider, IIFL, is based in Mumbai. IIFL found in October 1995 by Nirmal Jain. IIFL is one of India’s top 7 financial organizations. Its name was changed to India Infoline Finance Limited in November 2011 from India Infoline Investment Management Ltd.
History of IIFL
Below mentioned is the history of IIFL:
- First, Probity Research and Services Private Limited was founded in October 1995 with the goal of promoting quality, impartial, and independent corporate research, industry growth, and other related activities in India.
- Additionally, it debuted its research services in 1998 and offered Probity 200 Business Reports, Economy Probe and Industry Reports, among other things.
- The company created www.indiainfoline.com in 1999 to aggregate all essential and free work online.
- Further, in 2000, the full-service brokerage 5paisa.com was launched with 0.05%. After forming a partnership with ICICI Prudential Life Insurance in 2001, it became India’s first corporate insurance agent.
- Additionally, the business presented the “Trader Terminal,” software for creating and advancing electronic trading, in 2003.
- In 2005, the company went public on the BSE and NSE.
- The IIFL’s first international investment event, “Enterprising India,” took place in 2009–2010.
- Moreover, the company for the housing financing sector was granted an NBH license in 2009.
- It introduced the gold-loan market in 2010.
- Furthermore, the company joined IIFL Asset Management Corporation in 2011.
- A debt and equity-related investment product called Real Estate Investment was introduced in 2012.
- Moreover, the IIFL released a mobile share trading software in February 2015, and it shot to the top of the rankings and became wildly popular.
Services and Products of IIFL
The company offers a huge range of products and services, such as:
This was all about IIFL full form. Get in touch with the experts at Leverage Edu in order to kickstart your study abroad journey, Indian exams preparations, overseas universities and all about the admissions process in detail.