What is the Full form of IIFL?
The IIFL full form is India Infoline Limited. IIFL is the largest provider of varied financial services in India, with its headquarters in Mumbai. The IIFL was created by Nirmal Jain in October 1995. IIFL is one of India’s seven premier financial organizations. Previously known as India Infoline investment management Ltd, in November 2011 company was renamed India Infoline Finance Limited.
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Origins of IIFL
- First, the company is incorporated as Probity Research and Services Private Limited in October 1995 in order to create unbiased, independent, excellent Indian economic growth, industrial research, etc.
- In 1998, it introduced “Probity 200 Company Reports” and other research products, such as Economy Probe, Oil & Gas, etc.
- The company developed www.indiainfoline.com in 1999 to compile all relevant and accessible online content.
- 5paisa.com, a full-service brokerage, was started at 0.05 percent in the year 2000.
- After joining ICICI Prudential Life Insurance in 2001, the company became India’s first Corporate Insurance Agent.
- In 2003, the company introduced the ‘Trader Terminal’, an application for the development of electronic trading.
- In 2005, the company was listed on the BSE and NSE.
- In 2009, the IIFL hosted its inaugural foreign investment event, titled “Enterprising India.”
- In 2009, NBH granted a license to the company for the housing financing industry.
- In 2010, it initiated the gold-loan market.
- 2011 saw the incorporation of the IIFL Asset Management Corporation.
- In 2012, it issued a related debt and equity investment vehicle, Real Estate Investment
- The IIFL launched a mobile app for share trading in February 2015, which quickly became the highest-rated and most popular app for trading stocks.
IIFL’s services and products
The company offers an extensive range of products and services, including
- Finance and credit
- Equities
- Insurance
- Commodities
