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.

History and Milestones

2011 Launched IIFL Mutual Fund. 2010 Received in-principle approval for membership of the Singapore Stock Exchange Received membership of the Colombo Stock Exchange 2009 Acquired registration for Housing Finance SEBI in-principle approval for Mutual Fund Obtained Venture Capital license 2008 Launched IIFL Wealth Transitioned to insurance broking model 2007 Commenced institutional equities business under IIFL Formed Singapore subsidiary, IIFL (Asia) Pte Ltd 2006 Acquired membership of DGCX Commenced the lending business 2005 Maiden IPO and listed on NSE, BSE 2004 Acquired commodities broking license Launched Portfolio Management Service 2003 Launched proprietary trading platform Trader Terminal for retail customers 2000 Launched online trading through www.5paisa.com Started distribution of life insurance and mutual fund 1999 Launched www.indiainfoline.com 1997 Launched research products of leading Indian companies, key sectors and the economy Client included leading FIIs, banks and companies. 1995 Commenced operations as an Equity Research firm

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. 

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.