India Infoline

We were originally incorporated on October 18, 1995 as Probity
 Research
 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
 the
 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
 23, 2001.
 
 In 1999, we identified the potential of the Internet to cater to a
 mass
 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
 features.
 
 In May 2000, the name of our Company was changed to India
 Infoline.com
 Limited to reflect the transformation of our business. Over a period
 of
 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
 financial
 information and analysis by diversifying into transactional
 services,
 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
 and
 www.5paisa.com, the e-broking portal, was launched for online
 trading
 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
 technical
 analysis.
 
 Acquisition of Agri Marketing Services Limited (Agri)
 
 In March 2000, we acquired 100% of the equity shares of Agri
 Marketing
 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
 serving
 more than 30,000 customers with a staff of, approximately 180
 employees. After the acquisition, we changed the company name to
 India
 Infoline.com Distribution Company Limited.
 
 Facilities
 
 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
 Change 
 
 208-C, Agarwal Market,     1, Snehdeep, Gokhale Road,    August 6,
 1999     
 Vile Pane (East),             Vile Parle (East),
 Mumbai - 400 057.             Mumbai - 400 057,
 
 1, Snehdeep, Gokhale Road,    Building No. 24, 1st floor, Jan.,15,
 2001    
    Vile Parle (East),         Nirlon Complex,
    Mumbai - 400 057.          Off Western Express Highway,
                               Goregaon (E),
                               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
 below:
 
 Previous Name                 New Name   
 
 Probity Research and          Probity Research and            
 Services Private-Limited      Services Limited                
 
 Probity Research and          India Infoline.com Limited      
 Services 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
                      online set-up.
 
 March 23, 2001       To focus on the retail financial
                      intermediary business through offline
                      as well as online set-up.      
 
 2005
 
 
 - 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