Company Report - India Infoline
The breakdown of US behemoths in 2008, present
Eurozone crisis, Indian Fiscal deficit, Current account deficit , declining
currency, increasing Brent crude, slowing manufacturing growth , Soaring
Inflation , annual economic growth fall in the January-March quarter to a
nine-year low of 5.3 percent -- all is
giving jitters to the Indian corporate about how to manage their funds , how to
invest , where to invest, when to invest .This seems like a big dark cloud of
problems hovering on our heads. So ,
here comes the role of the Fund managers, the Investment bankers, Financial advisors
to give their guidance on how to take the next step to avoid any negative
impact of prevailing Economic conditions. India Infoline(IIFL) is one of those
various Fund management and brokerage houses of India. Here is a brief about
IIFL:
Introduction
IIFL
(India Infoline group), comprising the holding company, India Infoline Ltd
(NSE: INDIAINFO, BSE: 532636) and its subsidiaries, is one of the leading
players in the Indian financial services space. IIFL offers advice and execution
platform for the entire range of
financial services covering products ranging from Equities and derivatives,
Commodities, Wealth management, Asset
management, Insurance, Fixed deposits, Loans, Investment Banking, GoI
bonds and other small savings instruments. It owns and manages the website, www.indiainfoline.com,
which is one of India’s leading online destinations for personal finance, stock
markets, economy and business.
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History and Milestones
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Awards and Recognition
• The ‘Best
Broker in India, 2011’, by FinanceAsia
• 'Best Equity Broker of the
Year, 2011' by Bloomberg UTV.
• ‘Best Wealth Management House – India’
at The Asset Triple A Investment Awards
• ‘Best
Broking House with Global Presence’ at the D&B Equity Broking
Awards, 2011
• IIFL’s research is acknowledged by none other than
Forbes as ‘Best of the Web’
• IIFL has received membership of the Colombo Stock Exchange becoming the first foreign
broker to enter Sri Lanka.
• IFL’s Crisil and ICRA Rating for short term is top
rated as CRISIL A1+ and ICRA (A1+) respectively.
• For long term, IIFL has been rated ICRA(AA-) by ICRA
and CRISIL AA-/Stable by CRISIL indicating high degree of safety for timely
servicing of financial obligations.
Locations
IIFL is near you physically:
it is present in every nook and cranny of the country, with over 3,000 business
locations across 500 cities in India. You can reach IIFL in a variety of ways,
online, over the phone and through our branches. All offices are connected with
the corporate office in Mumbai with cutting edge networking technology. The
group caters to a customer base of about a million customers.
IIFL’s physical presence in key global markets includes subsidiaries in Colombo, Dubai, New York, Mauritius, London, Singapore and Hong Kong.
IIFL’s physical presence in key global markets includes subsidiaries in Colombo, Dubai, New York, Mauritius, London, Singapore and Hong Kong.
Organizational Structure
Products and Services
• Equities -
core offering, gives IIFL a leading market share in both retail and
institutional segments. Over a million retail customers rely on their research,
as do leading FIIs and MFs that invest billions.
• Private Wealth Management services cater to over 2500 families who have
trusted IIFL with close to Rs 25,000 crores ($ 5bn) of assets for advice.
• Credit & Finance focuses on secured mortgages and consumer
loans. Their high quality loan book of over Rs. 6,200 crores ($ 1.2bn) is
backed by strong capital adequacy of approximately 20%.
• IIFL Mutual Fund made
an impressive beginning in FY12, with lowest charge Nifty ETF. Other products
include Fixed Maturity Plans.
• Life Insurance, Pension and other Financial
Products, on open
architecture complete IIFL’s product suite to help customers build a balanced
portfolio.
• Investment Banking services are for corporates looking to raise capital.
But their forte is Equity Capital Markets, where they have executed several
marquee transactions.
CSR Initiatives
In line with their Vision to be the ‘most respected company in the financial services space’, IIFL
recognize the importance of contributing to and sustaining social
transformation. With this end in mind, IIFL have setup the IIFL foundation,
which will work for the support and upliftment of the underprivileged sections
of society.
The IIFL Foundation
focuses on specific areas of need such as healthcare and education, the
foundation will screen and select institutions and developmental agencies which
are working in these domains and will provide necessary aid to improve the
lives of the underprivileged and help them in achieving their potential.
Some of the activities
undertaken by the IIFL Foundation:
Barsana Camp
IIFL Foundation
sponsored an Eye and Dental camp, from Jan. 31st to Feb. 3rd, 2012, conducted
by expert Doctors and Surgeons from the Bhaktivedanta Foundation in the village
of Barsana near Mathura.
Pandharpur Medical Camp
IIFL also sponsored the
Pandharpur Medical Camp, held by the Bhaktivedanta Hospital in July 2011 at
Pandharpur. Free medical treatment and food was given to approximately 60,000
pilgrims who had come to Pandharpur during Ashadi Ekadashi. The pilgrims were
treated for fever, injuries, fractures, gastroenteritis, myalagia, headache,
epilepsy, malaria, respiratory infections etc, during the camp.
Blood Donation Drives
IIFL organise blood
donation drives at camps all across India. Over 800 employees have participated
in these camps so far.
Adopt a Village
To expand their
initiatives, IIFL is now exploring the best ways to take education in rural and
tribal areas beyond the key basics of ‘abc’. In their ‘Adopt a Village’ scheme IIFL
hope to impart knowledge about water conservation, waste management,
sanitation, corruption prevention, and many other essential fields.
