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词条 IIFL Wealth
释义

  1. History

  2. Acquisition

  3. Funding

  4. Ranking

  5. Subsidiaries

  6. References

  7. External links

{{short description|Wealth management firm (e. 2008)}}{{Orphan|date=February 2019}}{{Infobox company
| name = IIFL Wealth Management
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| founded ={{Start date and age|2008}}
| founder =Karan Bhagat
Yatin Shah
Amit Nitin Shah
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| hq_location_city = Mumbai
| hq_location_country = India
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| area_served = Worldwide
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| num_employees = 900
| num_employees_year = October 2018
| parent = IIFL Holdings
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| rating = A1+ by CRISIL,[1] A1+ by ICRA[2]
| website = {{URL|https://www.iiflwealth.com/}}
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}}IIFL Wealth Management Ltd. is an Indian wealth management firm,[1][2][3] and is part of IIFL Group, headquartered in Mumbai, India. The company has presence in 8 countries and 23 locations in India.[6] It offers asset management, investment advisory, treasury, corporate advisory, financial and management consulting services. The company has been rated as A1+ by rating agencies such as CRISIL[1] and ICRA.[2]

As of September 30, 2018, IIFL Wealth Management has around ₹1.44 Lakh crore (US$21 billion) in assets under advice, distribution and management.[4][5][6]

History

IIFL Wealth was founded in 2008. It operates as a subsidiary of IIFL Holdings, a diversified publicly traded financial services company,[7][8] backed by Fairfax Financial.[9]

In December 2018, IIFL Wealth Management launched the IIFL Wealth Index 2018 series, in partnership with Wealth-X.[10][11]

Acquisition

In October 2018, the company acquired a Chennai-based wealth management firm, Wealth Advisors India for {{INRConvert|235|c|0}}.[12] IIFL Wealth Management acquired Ashburton India Equity Opportunities for an undisclosed amount in December 2017.[13]

In February 2018, IDBI Bank sold its entire 30% stake in NSDL e-Governance Infrastructure (NEGIL) to IIFL Wealth Management for {{INRConvert|11|b}}, reportedly by Business Standard.[14]

IIFL Wealth Management acquired non banking finance company Chephis Capital Markets in February 2016.[15]

The company had bought a majority stake in India Alternatives Investment Advisors Pvt Ltd,[16] a PE advisory firm, in April 2014.[17]

Funding

In June 2018, the company raised {{INRConvert|745.71|c|0}} from Ward Ferry, General Atlantic and others.[18]

The New York based PE firm, General Atlantic acquired 21.61 per cent stake in IIFL Wealth Management for {{INRConvert|1122.34|c|0}} in October 2015.[19][20]

Ranking

  • A1+ Rated by CRISIL in 2017.[21]
  • A1+ Rated by ICRA in 2018.[22]

Subsidiaries

  • IIFL Asset Management Limited
  • IIFL Trustee Limited
  • IIFL Investment Adviser and Trustee Services Limited
  • IIFL Distribution Services Limited
  • IIFL Alternate Asset Advisors Limited
  • IIFL Wealth Finance Limited
  • IIFL Private Wealth Management (Dubai) Limited
  • IIFL Inc
  • IIFL Private Wealth Hong Kong Ltd
  • IIFL Private Wealth (Suisse) SA
  • IIFL Asset Management (Mauritius) Limited
  • IIFL (Asia) Pte. Limited
  • IIFL Capital Pte. Limited
  • IIFL Securities Pte. Limited
  • IIFL Capital (Canada) Limited
  • IIFL Wealth Advisors (India) Pvt. Ltd.
  • IIFL Altiore Advisors Pvt. Ltd.

References

1. ^{{cite news |last1=Surendar |first1=T. |title=India to have 500,000 HNIs in the next five years: report |url=https://www.fortuneindia.com/macro/india-to-have-500000-hnis-in-the-next-five-years-report/102774 |publisher=Fortune |date=December 12, 2018}}
2. ^{{cite news |last1=Jha |first1=Sneha |title=How IIFL Wealth Management capitalized on AI for delivering portfolio statements to HNI customers |url=https://cio.economictimes.indiatimes.com/news/case-studies/how-iifl-wealth-management-capitalized-on-ai-for-deliver-portfolio-statements-to-hni-customers/66744105 |publisher=The Economic Times |date=November 23, 2018}}
3. ^{{cite news |last1=Layak |first1=Suman |title=India's mega rich are swelling. How the wealth management industry is refashioning itself to adapt |url=https://economictimes.indiatimes.com/news/company/corporate-trends/indias-mega-rich-are-swelling-how-the-wealth-management-industry-is-refashioning-itself-to-adapt/articleshow/64808850.cms |publisher=The Economic Times |date=July 1, 2018}}
4. ^{{cite news |last1=Joshi |first1=Malvika |title=IIFL arm looks to migrate to advisory-led model |url=https://www.livemint.com/Industry/YP2pH77l4SBSFnZ8mFGfDK/IIFL-arm-looks-to-migrate-to-advisoryled-model.html |publisher=Livemint |date=September 28, 2018}}
5. ^{{cite news |title=BSI India |url=https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/23590aca-37b2-4233-aed7-42022502fb8f.pdf |accessdate=February 2, 2019 |publisher=Bombay Stock Exchange}}
6. ^{{cite news |title=Wealth managers flourish as HNIs rush for investment advice: 5 Indian firms among only 7 in $10 billion club |url=https://www.financialexpress.com/industry/wealth-managers-flourish-as-hnis-rush-for-investment-advice-5-indian-firms-among-only-7-in-10-billion-club/1234016/ |publisher=Financial Express |date=July 6, 2018}}
7. ^{{cite web |title=IIFL Wealth |url=https://www.bseindia.com/downloads/ipo/2017928165910IIFL%20IM%2028092017.pdf |website=BSEIndia.com |accessdate=February 2, 2019}}
8. ^{{cite news |last1=Sarkar |first1=Arundhati |title=IIFL Wealth Raises Funds To Grow Asset Management, NBFC Businesses |url=https://www.bloombergquint.com/business/iifl-wealth-raises-funds-to-grow-asset-management-nbfc-businesses#gs.nCq80nbM |publisher=BloombergQuint |date=June 20, 2018}}
9. ^{{cite news |title=IIFL Holdings to demerge capital, wealth, finance business in one year |url=https://economictimes.indiatimes.com/industry/banking/finance/iifl-holdings-to-demerge-capital-wealth-finance-business-in-one-year/articleshow/62776055.cms |publisher=The Times of India |date=February 4, 2018}}
10. ^{{cite news |last1=Buch |first1=Himadri |title=MFs most preferred asset class for Indian HNIs: Wealth X director |url=https://www.moneycontrol.com/news/business/mutual-funds/mfs-most-preferred-asset-class-for-indian-hnis-wealth-x-director-3346361.html |publisher=Moneycontrol.com |date=January 2, 2019}}
11. ^{{cite news |title=IIFL Wealth Index 2018 |url=https://www.financialexpress.com/money/wealth-in-india-expected-to-rise-by-87-over-5-years-iifl-wealth-index-2018/1409398/ |publisher=The Financial Express (India) |date=December 10, 2018}}
12. ^{{cite news |last1=Mahesh |first1=Prashant |title=IIFL Wealth Management acquires Wealth Advisors |url=https://economictimes.indiatimes.com/markets/stocks/news/iifl-wealth-management-acquires-wealth-advisors/articleshow/66248290.cms |publisher=The Economic Times |date=October 16, 2018}}
13. ^{{cite news |last1=Sunkara |first1=Keshav |title=IIFL Asset Management to acquire Ashburton India Equity Opportunities Fund |url=https://www.vccircle.com/iifl-asset-management-to-acquire-ashburton-india-equity-opportunities-fund/ |publisher=VCCircle |date=December 6, 2017}}
14. ^{{cite news |last1=Lele |first1=Abhijit |title=IDBI Bank sells 30% NEGIL stake to IIFL Wealth for Rs 11 billion |url=https://www.business-standard.com/article/companies/idbi-bank-sells-30-negil-stake-to-iifl-wealth-for-rs-11-billion-118022100023_1.html |publisher=Business Standard |date=February 21, 2018}}
15. ^{{cite news |title=IIFL Wealth Management acquires NBFC Chephis CapitalIIFL Wealth Management acquires NBFC Chephis Capital |url=https://www.business-standard.com/article/pti-stories/iifl-wealth-management-acquires-nbfc-chephis-capital-116021300402_1.html |publisher=Business Standard |date=February 13, 2016 |location=New Delhi}}
16. ^{{cite news |last1=Allirajan |first1=M. |title=IIFL Wealth Management acquires India Alternatives |url=https://timesofindia.indiatimes.com/business/india-business/IIFL-Wealth-Management-acquires-India-Alternatives/articleshow/33396406.cms |publisher=The Times of India |date=April 7, 2014}}
17. ^{{cite news |title=IIFL Wealth Management acquires India Alternatives Private Equity Fund |url=https://economictimes.indiatimes.com/industry/banking/finance/iifl-wealth-management-acquires-india-alternatives-private-equity-fund/articleshow/33392173.cms |publisher=The Times of India |date=April 7, 2014}}
18. ^{{cite news |last1=Raghavanaghavan |first1=Ranjani |title=IIFL Wealth raising $110 mn from Ward Ferry, General Atlantic and others |url=https://www.vccircle.com/iifl-wealth-raising-110-mn-from-ward-ferry-general-atlantic-and-others/ |publisher=VCCircle |date=June 19, 2018}}
19. ^{{cite news |title=General Atlantic to buy 21.6% stake in IIFL Wealth for Rs 1,122 cr |url=https://www.business-standard.com/article/companies/general-atlantic-to-buy-21-6-stake-in-iifl-wealth-for-rs-1-122-cr-115102400783_1.html |publisher=Business Standard |date=October 24, 2015 |location=Mumbai}}
20. ^{{cite news |last1=Sanjai |first1=P.R. |title=GA to buy 21% in IIFL Wealth for Rs1,122 crore |url=https://www.livemint.com/Companies/nIBr3dwpQbiwfMC4gabvFP/GA-to-buy-21-in-IIFL-Wealth-for-Rs1122-crore.html |publisher=Livemint |date=October 24, 2015}}
21. ^{{cite web |title=Rating Rationale |url=https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/IIFL_Wealth_Management_Limited_December_21_2017_RR.html |publisher=CRISIL |accessdate=February 2, 2019}}
22. ^{{cite web |title=IIFL Wealth Finance Limited - ICRA |url=https://www.icra.in/Rationale/.../72536~IIFL%20Wealth%20Finance-R-20082018.pdf |website=icra.in |publisher=ICRA Limited |accessdate=February 2, 2019 |format=pdf}}

External links

{{portal|Companies|India}}
  • {{URL|https://www.iiflwealth.com/|Official website}}
  • [https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=40277079 Company Overview of IIFL Wealth Management]
  • [https://economictimes.indiatimes.com/markets/expert-view/we-want-to-buy-growth-not-recovery-karan-bhagat-iifl-wealth-asset-management/articleshow/58868299.cms We want to buy growth, not recovery: Karan Bhagat, IIFL Wealth & Asset Management] at The Economic Times
  • [https://www.businesstoday.in/magazine/special/hottest-young-executive-2015-iifl-wealth-karan-bhagat/story/216097.html A Wealth of Experience] at Business Today (India)
{{DEFAULTSORT:IIFL Wealth}}

6 : Financial services companies of India|Companies based in Mumbai|Indian companies established in 2008|Companies listed on the National Stock Exchange of India|Companies listed on the Bombay Stock Exchange|Companies of India

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