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“India Infoline Finance Limited (IIFL)” is one of the trusted financial groups of India that deals with financing, asset management, investment banking, brokerage, financial advisory and finance-related services. It has several subsidiaries that help these services operate smoothly and reach people. The financial group is famous for its advice quality, personalised service and “cutting-edge technology”. IIFL is a “member of NSE and BSE” registered with CDSL and NSDL. It is a “depository participant and provides broking services in cash”, currency segments and derivatives online and offline.
Full-Form of IIFL
The full form of IIFL is “India Infoline Finance Limited”, which is involved in all kinds of finance and financial advisory related activities. From providing financial advice in terms of Gold loans and home loans to investing in banks, IIFL is always there for their customers. IIFL offers different schemes for its customers on a low budget and with good profit. This financial group evaluates the market condition critically and then provides the correct suggestion for investing in their customers. This company is known for its great service and advice quality because they justified the word Infoline very efficiently by providing the right suggestions at the right time.
The company offers a wide range of “secured loan products” and discontinued the products which were not so secure in terms of investing.
Mission, Vision and Objectives of IIFL
The mission of IIFL is to “Provide a full suite of financial services” to their customers at any time they need the company’s help. Their vision is to become India’s “most respected financial services company. In order to proceed with this aim, the company follows the below-mentioned objectives.
- Serving people “as a moral compass” throughout all activities.
- Maintaining integrity, transparency and fairness in the business.
- Their constant endeavour is to generate sustainable value for their stakeholders.
- Provide the right advice at the right time.
These objectives of IIFL make the company different from others because it focuses on self-growth and development and provides one of the best quality services to its customers. Since 1995, the company has been serving customers with their effective financial advice by giving them the right direction.
Subsidiaries of IIFL
IIFL Finance has several subsidiaries helping them with different purposes mentioned below.
- “Incorporated under the company’s act 1956.”
- It was registered as a “Housing Finance Company” with the “National Housing Bank” on 3rd February 2003.
- IIFL provides “affordable home loans”, “small ticket sized home loans”, “secured MSME loans”, and project loans.
- It was incorporated in March 2008.
- It was segregated as a “systemically important Non Banking Finance (non-deposit accepting or holding) Company-Micro Finance Institution (NBFC MFI)”.
- It provides “Macro Finance Services” to the women who enrolled as members and “organised as Joint LIability Company (JLG)”.
These are the subsidiaries of IIFL that show the wide range of programmes the company use to operate and their vision. It is not like other financial advising companies; it is one of India’s trusted brands that prioritise customers’ requirements over their profit.
Education Programmes of IIFL Finance
There are several education programmes operated by IIFL foundations, a subsidiary of IIFL, every year. One of the flagship education programs implemented and conceived by the IIFL foundation to address the poor condition of the girls deprived of going to schools in Rajasthan is named “Sakhiyon ki Baadi”. IIFL Foundation, the subsidiary of IIFL, has collaborated with “The tribal area development department (TADD) and redeveloped the “Maa Badi Centres” in the Pali and Udaipur districts in Rajasthan. These centres are the only primary source of knowledge and education to the remote areas.
More education programmes of IIFL foundation like Chauras, Smart classrooms, Rathsaala, “Construction of schools” make the IIFL finance different from any other financial group in India because the company has done a lot and is still doing many works and projects for educational development in India.
Conclusion
IIFL finance has contributed a lot to the finance and economy of India because they not only provide financial advice to customers, but they also suggest the right plan for them along with some great social work. Presently, where all the companies are thinking about their profit and benefit, it is rarely observed that a company is still thinking of serving the people by recognising the importance of education and literacy. Regarding their subsidiaries and financial services, it is already mentioned that they are well-known for their quality of service, and even they have discontinued some of their services because of security issues.
