We were originally incorporated on October 18, 1995 as Probity
and Services Private Limited at Mumbai under the Companies Act, 1956
with Registration No. 11 93797. We commenced our operations as an
independent provider of information, analysis and research covering
Indian businesses, financial markets and economy, to institutional
customers. We became a public limited company on April 28, 2000 and
name of the Company was changed to Probity Research and Services
Limited. The name of the Company was changed to India Infoline.com
Limited on May 23, 2000 and later to India Infoline Limited on March
In 1999, we identified the potential of the Internet to cater to a
retail segment and transformed our business model from providing
information services to institutional customers to retail customers.
Hence we launched our Internet portal, www.indiainfoline.com in May
1999 and started providing news and market information, independent
research, interviews with business leaders and other specialized
In May 2000, the name of our Company was changed to India
Limited to reflect the transformation of our business. Over a period
time, we have emerged as one of the leading business and financial
information services provider in India.
In the year 2000, we leveraged our position as a provider of
information and analysis by diversifying into transactional
primarily for online trading in shares and securities and online as
well as offline distribution of personal financial products, like
mutual funds and RBI Bonds. These activities were carried on by our
wholly owned subsidiaries.
Our broking services was launched under the brand name of 5paisa.com
through our subsidiary, India Infoline Securities Private Limited
www.5paisa.com, the e-broking portal, was launched for online
in July 2000. It combined competitive brokerage rates and research,
supported by Internet technology Besides investment advice from an
experienced team of research analysts, we also offer real time stock
quotes, market news and price charts with multiple tools for
Acquisition of Agri Marketing Services Limited (Agri)
In March 2000, we acquired 100% of the equity shares of Agri
Services Limited, from their owners in exchange for the issuance of
508,482 of our equity shares. Agri was a direct selling agent of
personal financial products including mutual funds, fixed deposits,
corporate bonds and post-office instruments. At the time of our
acquisition, Agri operated 32 branches in South and West India
more than 30,000 customers with a staff of, approximately 180
employees. After the acquisition, we changed the company name to
Infoline.com Distribution Company Limited.
Our main offices are located in approximately 4,000 square feet of
office space located in Mumbai, India. Our India Infoline Branches
collectively occupy an additional 10,000 square feet of office space
located throughout India, As on March 31, 2005, we have 73 branches
across 36 locations in India.
The table below shows the changes in the Registered Office of the
Company since Incorporation:
Previous Address New Address Date of
208-C, Agarwal Market, 1, Snehdeep, Gokhale Road, August 6,
Vile Pane (East), Vile Parle (East),
Mumbai - 400 057. Mumbai - 400 057,
1, Snehdeep, Gokhale Road, Building No. 24, 1st floor, Jan.,15,
Vile Parle (East), Nirlon Complex,
Mumbai - 400 057. Off Western Express Highway,
Mumbai - 400 0063.
Reason for Change
Requirement of more floor space.
Requirement of more floor space.
The instances when the name of the Company was changed are cited
Previous Name New Name
Probity Research and Probity Research and
Services Private-Limited Services Limited
Probity Research and India Infoline.com Limited
India Infoline.com Limited India Infoline Limited
Date of Change Reason for Change
April 28, 2000 Conversion from Private Limited to
Public Limited Company
May 23, 2000 To focus on the retail financial
intermediary business through an
March 23, 2001 To focus on the retail financial
intermediary business through offline
as well as online set-up.
-Incorporated as an equity research and consulting firm with a client
base that included leading FIIs, banks, consulting firms and
-Restructured the business model to embrace the internet; launched
archives.indiainfoline.com mobilised capital from reputed private
-Commenced the distribution of personal financial products; launched
online equity trading; entered life insurance distribution as a
corporate agent. Acknowledged by Forbes as ‘Best of the Web’ and
‘...must read for investors’.
-Acquired commodities broking license; launched Portfolio Management
- Listed on the Indian stock markets
- India Infoline fixes a price band between Rs 70 and Rs 80 for its
forthcoming public issue. The company is coming out with public issue
of 1.18 crore shares with a face value of Rs 10 through the book
building route. The issue is slated to open on April 21 and close on
April 27. Enam Financial Consultants Private Ltd would be the sole
book running lead manager to the issue while Intime Spectrum Registry
Ltd is the registrar to the issue.
-India Infoline public issue gets 6.6 times oversubscription
-IIL appoints R Mohan as VP
-India Infoline Ltd has informed that the Company has entered into a
advertising agreement with Times Group where in the Company and other
group companies would spend about Rupees Thirty Crores over the next 5
years in print as well as non print media of The Times Group.
-India Infoline to buy 75-pc stake in Moneytree
-India Infoline launches exclusive SMS Value Added Service
-India Infoline enters into strategic agreement with Saraswat Bank
-India Infoline to launch stock trading on cell phones
-Indiainfoline to roll out MCX, NCDEX, DGCX software
-Acquired membership of DGCX; launched investment banking services
-Launched a proprietary trading platform; inducted an institutional
equities team; formed a Singapore subsidiary; raised over USD 300 mn
in the group; launched consumer finance business under the
-Launched wealth management services under the ‘IIFL Wealth’ brand;
set up India Infoline Private Equity fund; received the Insurance
broking license from IRDA; received the venture capital license;
received inprinciple approval to sponsor a mutual fund; received
‘Best broker- India’ award from FinanceAsia; ‘Most Improved
Brokerage- India’ award from Asiamoney.
- India Infoline Ltd has informed that the Board of Directors of the
Company have vide circular resolution passed on March 10, 2008
approved the appointment of Mr. A K Purwar, ex-Chairman of the State
Bank of India, as an independent director on the Board of the
- India Infoline Ltd has informed that pursuant to the resignation
of Mr. Nimish Mehta, Company Secretary and Compliance Officer of the
Company. Ms. Falguni Sanghvi has been appointed as the Company
Secretary with effect from October 07, 2008.
- The Company has splits its face value from Rs10/- to Rs2/-.
-Received registration for a housing finance company from the
National Housing Bank; received ‘Fastest growing Equity Broking House
- Large firms’ in India by Dun & Bradstreet.
-Received in-principle approval for membership of the Singapore Stock
-Received membership of the Colombo Stock Exchange
-Launched IIFL Mutual Fund.
-IIFL got SEBI nod for Mutual Fund business.
-IIFL announces launch of its 'LifeTime Prepaid, AnyTime Money back'
-PFRDA appoints India Infoline Finance Ltd (IIFL) as Points of
Presence (PoP) under New Pension System (NPS).
-Dr. S. Narayan as an Additional Director of the Company. He will be
an Independent Director on the Board of the Company.
- IIFL Housing Finance (IIFL HFC) appoints Mr. S. Sridhar as Chairman
and Mr. Kranti Sinha as Independent Director.
-IIFL Wealth acquires India Alternatives
-The Company has changed its name from India Infoline Ltd. to IIFL