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IIFL Finance

Non-banking finance company, gold and business lender, Mumbai
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Profile

IIFL Finance Limited is a non-banking finance company headquartered in Mumbai. It began on 18 October 1995 as Probity Research and Services Private Limited, a research firm founded by Nirmal Jain, and was later renamed India Infoline. Its shares trade on the NSE under the symbol IIFL and on the BSE under code 532636.

The company offers gold loans, business and MSME loans and loans against securities, and its group includes IIFL Home Finance and IIFL Samasta Finance, according to its website. R Venkataraman is group managing director.

It is in the news because on 10 November 2026 IIFL Finance said private equity firm Blackstone will invest Rs 5,000 crore, about $535 million, for roughly 16 per cent of the company. The investment is part of a Rs 6,414 crore primary capital raise that still needs regulatory and shareholder approvals.

Sources: Wikipedia, IIFL Finance investor relations

Timeline

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11 November 2026 Blackstone IIFL Finance deal: private equity firm to buy about 16% stake for $535 million IIFL Finance said the new capital will mainly back secured lending, especially gold finance, and lift its capital adequacy ratio to about 30%. 7
Latest in 3 lines On 10 November 2026, Blackstone agreed to invest Rs 5,000 crore, about $535 million, for roughly 16 per cent of IIFL Finance. The investment is part of a Rs 6,414 crore primary raise that also includes Rs 1,264 crore from co-promoters and Rs 150 crore from Anchorage Capital. IIFL Finance expects its capital adequacy ratio to rise to about 30 per cent from about 17 per cent, subject to regulatory and shareholder approvals. AI summary · refreshed 11 November 2026, 6:03 am IST

Connections

India 1 Blackstone 1 Nirmal Jain 1 Anchorage Capital 1 Mukesh Mehta 1 South Asia 1