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 , RIMCO, Ward Ferry, Capital Group and Morgan Stanley.
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 INR 2,830 crore.
IIFL Wealth & Asset Management has more than USD 44 billion* assets under management.
* As on 31st December 2021. Conversion rate assumed at an average of INR 74 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.
*All figures mentioned are as on 31st March 2019
2020
IIFL Wealth acquired L&T Capital Markets Limited, now known as IIFL Wealth Capital Markets Limited
*All figures mentioned are as on 31st March 2020
**Relevant clients with an AUM of more than INR 1 cr
2021
Consolidated AUM including custody assets at Rs. 2,46,083 crore; 110+ awards in 13 years!
*All figures mentioned are as on 31st March 2021
**Relevant clients with an AUM of more than INR 1 cr