Milestones of growth. Journey of wealth management leadership.
IIFL Wealth is a part of IIFL Investment Managers which is backed by leading global financial institutions like Fairfax Financial Holdings, the Canadian financial services holding company, private equity firm General Atlantic, CDC Group, UK Government’s private equity arm and IDFC Bank.
From a start-up founded by first generation entrepreneur, Nirmal Jain and co-founder R. Venkataraman in 1995, the IIFL group has grown into a world-class, multi-product financial services group in India. The group comprising the holding company IIFL Holdings Limited and its wholly - owned subsidiaries, straddles the complete financial services space with offerings ranging from wealth management, financing, asset management, financial advisory and broking, financial products distribution, investment banking, institutional equities to project financing and advisory services.
IIFL Wealth's Consolidated Net Worth is US $686 Million.
IIFL’s consolidated net worth is US$686 million. The Wealth & Asset Management division of IIFL Holdings has about US$18 billion assets under advice, management and distribution.
Our Journey
2008
Company commenced operations; largest structured note issuance of its time
*All figures mentioned are as on 31st March 2008
2009
Global footprint established as IIFL Inc set up international offices including US, Dubai, Singapore, Mauritius
*All figures mentioned are as on 31st March 2009.
2010
Cross the `1,500 cr mark for AUM in record time
*All figures mentioned are as on 31st March 2010
2011
Acquired Pune-based Finest Wealth Advisors, adding Rs. 1700 crore to AUM
*All figures mentioned are as on 31st March 2011.
2012
Reached the Rs. 25000 crore landmark in AUM
*All figures mentioned are as on 31st March 2012
2013
Acquired an Asset Management company and Private Equity firm; launched zero fixed, only success fee based AIF
*All figures mentioned are as on 31st March 2013
2014
Took lead in the Alternative Investment Fund space. The size of this business crossed `5,400 crore.
*All figures mentioned are as on 31st March 2014
2015
General Atlantic picks up 21.61% stake in IIFL Investment Managers and this investment is seen as an endorsement to the quality of the team built over the years
*All figures mentioned are as on 31st March 2015
2016
Acquired an NBFC, infusing `900 cr as capital, and renamed it IIFL Wealth Finance Ltd.
*All figures mentioned are as on 31st March 2016
2017
Assets under Management Distribution and Advice crosses `120,000 crore (`1,21 billion) as on 31st March 2017;
*All figures mentioned are as on 31st March 2017
2018
Announced demerger, paving the way for IIFL Investment Managers as a separately listed entity!
*All figures mentioned are as on 31st March 2018