About IIFL Finance Limited 

IIFL Finance Limited is a Mumbai-headquartered non-banking financial company (NBFC) that offers a diversified suite of lending solutions across home loans, gold loans, MSME finance, microfinance and capital market financing, serving both retail and corporate clients. The company emphasises financial inclusion, focusing on underserved and underbanked segments through a phygital network and tech-enabled underwriting and servicing. Over three decades, IIFL Finance has built a robust national presence and positions itself as a catalyst for broader access to formal credit across India .

As on FY 2024–25, IIFL Finance operated over 4,900 branches across 28 states and union territories, with a majority of its network located in non-metro markets to deliver last‑mile credit efficiently. The company reported over 4,900+ branches and service points and highlighted that about 84% of branches are in non‑metro areas, reinforcing its rural and semi‑urban reach. IIFL Finance has 3 subsidiaries (and 1 step‑down subsidiary) within its consolidated structure, supporting home finance, microfinance and fintech initiatives .

IIFL Finance Limited’s Key milestones 

• 1995–2000: Launched online research and trading platforms (indiainfoline.com, 5paisa.com); secured initial private equity investment; and listed on the NSE and BSE via IPO in the early 2000s.
• 2006–2010: Commenced lending; registered for housing finance; and entered gold loans.
• 2011–2017: Fairfax became the largest shareholder; acquired a microfinance business; strengthened digital platforms.
• 2018–2020: Reorganised into three listed entities; IIFL Holdings renamed IIFL Finance; raised US$ 400 Million via Dollar bonds.
• 2024–Present: Raised US$ 325 Million through a second US$ bond and US$ 100 Million follow‑on issue.

IIFL Finance Limited’s Key Management

• Arun Kumar Purwar – Chairperson & Non‑executive Director .
• Nirmal Jain – Managing Director .
• Kapish Jain – Chief Financial Officer .
• Samrat Sanyal – Company Secretary & Compliance Officer .

Latest Updates on IIFL Finance Limited 

RBI action and resumption of gold loans: The Reserve Bank of India imposed restrictions on new gold loan disbursals on March 4, 2024 and lifted them on September 19, 2024, after the company’s remedial actions. Gold loan operations have since resumed across branches.

Capital raising: IIFL Finance completed a rights issue on May 17, 2024, aggregating Rs 1,271.83 Crore, to strengthen its capital base and support growth plans. The company also raised US$ 425 Million via a Medium‑Term Note dollar bond, mobilised Rs 1,500 Crores through domestic NCDs and secured Rs 6,324 Crores in fresh bank term loans; it additionally reported securing US$ 1.1 Billion in liquidity during the year.

Network and reach: Expanded to over 4,900 branches across 28 states and UTs; added 105 new branches; and maintained a heavy non‑metro focus to serve underserved markets.

Portfolio developments: Affordable home loans AUM grew 15% year‑on‑year to Rs 31,588 Crores; MSME loans grew 18% to Rs 14,185 Crores; microfinance AUM stood at Rs 9,859 Crores following a strategic recalibration; and gold loans recovered post‑embargo. Retail loans comprised 99% of the total book, with GNPA at 2.2% and NNPA at 1.0% as on March 31, 2025.

Subsidiary integration: IIFL Open Fintech Private Limited became a wholly‑owned subsidiary during the year, aimed at bolstering digital capabilities and integrated offerings.

Ratings: The company reported maintaining an AA/Stable long‑term credit rating (CRISIL) and A1+ short‑term rating; the AA rating remained stable through the restriction period.