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IIFL Finance
IIFL Finance is an Indian NBFC with roots in 1930, offering gold loans, home loans, and SME credit across India's 3,000+ branches.
IIFL Finance
IIFL Finance Ltd., originally established in 1930 as a private mortgage firm, has evolved into a diversified NBFC with a pan-India presence. The company is part of the IIFL Group, which also includes IIFL Wealth and IIFL Securities, and operates under the leadership of the founding family. Wealth origin traces to the venture capital and financial services businesses built by Nirmal Jain and family. Strategy focuses on secured retail lending across four verticals: gold loans, home loans, SME loans, and loan against property. The firm also provides infrastructure finance and capital market services. IIFL Finance has lent over 1 million gold loans since inception (per company filings, 2024). Geographic footprint spans all 28 states of India, with 3,000+ branches. As of recent disclosures, IIFL Finance manages assets exceeding 300 billion INR (approximately $3.6 billion) in loans outstanding, and employs over 15,000 people across India. The firm is publicly listed on the Bombay Stock Exchange, and the promoters hold a majority stake through the IIFL Group. Adjacent entities include IIFL Wealth Management and IIFL Securities, both publicly traded. IIFL Finance's structural differentiator is its deep integration with the IIFL Group ecosystem, which provides cross-syndication of deals and retail distribution channels. The firm also maintains a high proportion of secured lending, with over 90% of the portfolio backed by gold or real estate collateral (per company annual report, 2023), reducing credit risk relative to unsecured lenders.
General information
Firm type
other
Year founded
1930
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
Mumbai, Maharashtra, India
Sector focus
Frequently asked questions
Who controls IIFL Finance?
IIFL Finance is controlled by the Jain family through the IIFL Group. Nirmal Jain, the founder, and his family hold a controlling stake as promoters. The firm is publicly listed on the Bombay Stock Exchange and National Stock Exchange of India.
How does IIFL Finance source its lending capital?
The firm primarily raises debt capital from Indian banks, non-banking financial companies, and domestic bond markets. It also uses securitization to manage liquidity. Deposits and equity are other sources, but as a non-deposit-taking NBFC, it cannot accept public savings.
Does IIFL Finance invest in equities or venture capital?
No. IIFL Finance is exclusively a secured lender, focusing on retail loans secured by gold, real estate, or other collateral. Equity or venture investments are handled by other IIFL Group entities such as IIFL Wealth and IIFL Private Equity.
What is the relationship between IIFL Finance and IIFL Wealth?
Both are part of the IIFL Group but operate as separate publicly traded entities. IIFL Wealth focuses on high-net-worth wealth management and alternative investment funds, while IIFL Finance sticks to retail and SME lending. They share a brand and some distribution networks but are run independently.
How large is IIFL Finance's loan portfolio?
As of its most recent annual report, IIFL Finance held loans outstanding of over 300 billion INR (approximately $3.6 billion). Gold loans constitute the largest segment, followed by home loans and SME lending.
What is IIFL Finance's track record on asset quality?
The firm historically maintains a low gross NPAs ratio, below 2% for gold loans (per company filings, 2023). Secured lending and short-tenure gold loans contribute to lower credit losses compared to unsecured lenders. Home and SME loans have slightly higher but manageable NPAs.
Where does the underlying wealth of IIFL Group come from?
The IIFL Group was founded by Nirmal Jain and Rakesh Jhunjhunwala (late) as a brokerage and investment advisory firm in the 1990s. Wealth was generated through capital markets and financial services growth, leading to the expansion into lending and wealth management. The Jain family remains the controlling shareholder.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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