IIFL Finance Limited (IIFL), earlier known as 'Probity Research & Services Private Limited' was incorporated in October, 1995 at Mumbai. The Company converted into a Public Limited Company on 28th April, 2000 and name of the Company was changed to Probity Research & Services Limited. Thereafter, name of the Company was changed to India Infoline.com Limited on 23rd May, 2000 and again on March 23rd, 2001, the name changed as India Infoline Limited and to IIFL Holdings Limited on 13 March, 2014 and from IIFL Holdings Limited to IIFL Finance Limited on June 4, 2019. The Company is a leading online and offline broking and advisory services provider to retail and institutional clients in the cash and derivative segments.
The Company offers a broad suite of financial products such as Gold Loan, Loans to Micro, Small & Medium Enterprises (MSMEs), Loan Against Securities and Digital Finance Loans. The Company, along with its subsidiaries, caters to entire gamut of financial services including equities and commodities broking, portfolio management, distribution of mutual funds, life insurance products, home loans, personal loans, etc.
The Company identified the potential of the Internet to cater to a mass retail segment and transformed its business model from providing information services to institutional customers to retail customers. Hence, it launched Internet Portal, www.indiainfoline.com in May, 1999 and started providing news and market information, independent research, interviews with business leaders and other specialized features. IIL acquired 100% shares of Agri Marketing Services Limited during March of the year 2000. In the year 2000, IIL leveraged its position as a provider of financial information and analysis by diversifying into transactional services, primarily for online trading in shares and securities and online as well as offline distribution of personal financial products, like mutual funds and RBI Bonds. These activities are carried on throug