IIFLCAPS

What is IIFL Capital Services

Formerly known as IIFL Securities Ltd, IIFL Capital Services is part of the IIFL Group, which is one of India’s prominent financial services conglomerates. It was incorporated in March 1996. It got its current name recently (end-2024) — the change reflects a broader business beyond just securities & broking. What They Do — Key Businesses IIFL Capital Services operates in multiple arms of financial services, particularly: Retail Broking & Capital Markets Activities Equity broking, commodity & currency broking. Demat services, depository participant. IPOs / merchant banking etc. Financial Product Distribution Mutual funds, fixed income instruments, bonds, insurance products etc. Wealth Management & Advisory Portfolio management services (PMS). Alternative investment funds (AIFs). Advisory services for institutions and HNIs (high net worth individuals). Institutional Equities & Investment Banking They offer services to institutional clients (foreign portfolio investors, corporates etc.). Capital-raising, underwriting, mergers & acquisitions advice etc. Other Services Distribution of financial products. Some real estate / facility rental / wellness services ancillary to core business. Recent Data & Scale Their Assets Under Management / Assets Under Advice (AUM) is large — in thousands of crores. One part of their business is financial product distribution. Revenue has been growing, driven by increase in broking volumes, product distribution, and wealth / advisory businesses. Strengths Diversified business model — not just broking, but distribution, advisory, wealth management etc. This helps spread risk.