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IIFL Finance Limited is an Indian non-banking financial company offering various financial products and services. The company provides home loans, gold loans, business loans, loans against securities, and microfinance loans. It operates through a nationwide network of over 4,267 branches across more than 1300 cities. IIFL Finance has two main subsidiaries: IIFL Home Finance Limited and IIFL Samasta Finance Limited (formerly Samasta Microfinance Limited). The company has expanded its services through partnerships, including a joint venture with Open Financial Technologies to establish a neobank for MSMEs and a co-branded prepaid card with ICICI Bank for gold loan customers. As of March 31, 2023, IIFL Finance's assets under management stood at Rs 61.6 billion, with retail home loans constituting 34% of the total AUM.
In the news

IIFL Finance Approves ₹350 Cr NCD Allotment

IIFL Finance Shares Drop 8% on ₹963 Cr Tax Demand for Home Finance

SAT dismisses Gaekwad's Religare takeover bid, Dhawan holds ₹760 cr stake

IIFL Finance Hits New High: Stock Surges 8% on JPMorgan Coverage

Fairfax sells ₹374 cr IIFL Finance stake; Abakkus buys Bai-Kakaji

IFL Finance Q1 profit jumps 27.94% to ₹6.96 crore

Motilal Oswal Sets ₹700 Target for IIFL Finance

IIFL Finance IPO raises ₹150 crore amid strong Q1 performance

IIFL Finance Q1 profit surges 189% to ₹675 crore on strong growth

IIFL Finance approves ₹10,000 cr fundraise, doubles borrowing limit

IIFL Finance raises $500mn in debut social bond at 7.6% pricing

RBI fines IIFL Finance ₹3.1L, Appnit Technologies ₹5.8L

IIFL Finance shares surge on tax demand resolution

IIFL Finance shares surge 8% after Jain clarifies tax order

IIFL Finance gets ₹476 cr tax demand for 2018-2025 block period

IIFL Finance shares surge 2.5% as Nifty 50 gains 275 points

IIFL Finance shares crash 9% amid market uncertainty

IIFL Finance explores exit from microfinance arm Samasta

IIFL Finance plans $750M fundraise via social dollar bonds

IIFL Home Finance secures $300M ADB loan for affordable housing
Company insights, generated from the most recent coverage.
Aggressive LTV strategy (increased to 70%) captures market share but leaves limited headroom against new regulatory ceilings. Higher vulnerability to gold price corrections compared to conservative peers like Manappuram.
Board approved seeking shareholder approval for fund raising via equity shares, QIPs, rights issues, or preferential allotments — creating equity dilution overhang that suppresses stock price.
Gold loans form ~50%+ of AUM, creating tail risk from gold price corrections as explicitly flagged by management.