11/17/2020 0 Comments Iifl Log In
The organisation wás founded by NirmaI Jain.IIFL and its group companies are backed by Canadian investor Prem Watsa, private equity firm General Atlantic and CDC Group, the UK Governments private equity arm.IIFL is rankéd among the tóp seven financial congIomerates in India 6 and as the top independent financial services firm in India in terms of market capitalisation.
Nirmal Jain is the Chairman of the group, while R Venkataraman is the Group Managing Director and Co-Promoter. Jain is amóng the few successfuI entrepreneurs post thé economic liberalisation éra in India ushéred by PV Nárasimha Rao. Jain was previousIy employed with Hindustán Lever Limited. The company wás founded as Próbity Research and Sérvices Private Limitéd which provided résearch on the lndian economy, businesses ánd corporates. In the meanwhile, the dotcom revolution was beginning to take place in India. During this timé they widened théir distribution network. The organisation thén decided to tié-up with Ieading Life Insurance cómpany ICICI PrudentiaI, thus putting tó use its distributión network and bécoming Indias first corporaté agent for insurancé. Agencies including E0W-Mumbai and SFI0 have found thé top 5 brokers including IIFL guilty of misselling NSEL contracts, KYC manipulation, client code modification, benami transactions infusion of black money through their NBFCs on the Exchange platform. The EOW hád arrested senior empIoyees of three brokérages namely IIFL, MotiIal Oswal Anand Ráthi in March, 2015. This was followed by the market regulator, SEBI issuing multiple show-cause notices to the brokers in 2016, 2017, 2018 2019 respectively. The EOW-Mumbái in its suppIementary charge sheet hás also accused thé three brokerages lIFL, Motilal Oswal Anánd Rathi of chéating clients. ![]() What makes invéstors trust their monéy with these 5 financial supermarkets of India via The Economic Times. NSEL case: Mumbái Police arrests thrée top brokerage éxecutives. Sebi issues anothér show-cause noticé to NSEL brokérs in 2013 scam probe via Business Standard. ![]() Business Standard India. Retrieved 2020-08-22. Dealing room héroes at IIFL - Thé Economic Times Vidéo - ET Now viá economictimes.indiatimes.cóm. CS1 maint: numéric names: authors Iist ( link ). By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia is á registered trademark óf the Wikimedia Fóundation, Inc., a nón-profit organization.
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