Milestones of growth. Journey of wealth management leadership.
IIFL Wealth & Asset Management is backed by leading global financial institutions like private equity firm General Atlantic, Fairfax Financial Holdings, RIMCO, Ward Ferry, Amansa Capital, Steadview Capital Management, HDFC Life and others.
From a start-up founded by first generation entrepreneurs, Karan Bhagat and co-founder Yatin Shah in 2008, IIFL Wealth & Asset Management has grown into a world-class financial services group in India. The group and its wholly - owned subsidiaries, straddles the complete wealth & asset management space with offerings ranging from wealth management, asset management, credit solutions and corporate finance.
IIFL Wealth & Asset Management Consolidated Net Worth is US $417 Million.
IIFL Wealth & Asset Management has more than USD 27 billion* assets under management.
* As on 31st December 2020. Conversion rate assumed at an average of INR 75 per dollar. AUM includes custody assets.
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 Wealth as a separately listed entity!
*All figures mentioned are as on 31st March 2018
2019
IIFL Wealth & Asset Management gets listed on NSE and BSE.
IIFL Wealth enters into a definitive agreement to acquire L&T Capital Markets, a wholly owned subsidiary of L&T Finance Holdings.
*All figures mentioned are as on 31st March 2019
2020
Consolidated AUM including custody assets at Rs. 2,33,334 crore; 110+ awards in 12 years!
*All figures mentioned are as on 31st December 2020