IIFL Finance is one of the leading non-banking financial companies (NBFCs) in India. It offers various products such as home loan, gold loan, business loan, microfinance and construction loan. The company focuses on both the frontiers i.e. physical expansion of branches and digital adoption for better customer service and higher market penetration. Their major focus is to provide services to that part of society that is underserved by the financial services' companies and to achieve this they are expanding their business in Tier II and III cities at an exponential pace. The company's branch network is equally diversified across the country. As of FY22, 87 per cent of the company's branches were in Tier II and III cities.
The company has a customer base of more than 8 million, out of which 2 million were added in FY22. It has a nationwide presence with a thriving network of more than 3,100 branches across more than 500 cities. Apart from this, the company has also signed partnership agreements with various popular financial technology players to support the digital transition movement in the industry. It had 30,000 employees as of FY22, who are well-trained as the company runs a regular programme for training them. As on September 30, 2022, the company had assets under management (AUM) of ₹55,302 crore of which 36 per cent was of home loan, 32 per cent gold loan, 14 per cent business loan, 12 per cent microfinance, 5 per cent construction and 1 per cent from the capital markets. It has registered 27 per cent CAGR growth in AUM over the last five years.
Esta historia es de la edición December 05, 2022 de Dalal Street Investment Journal.
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Esta historia es de la edición December 05, 2022 de Dalal Street Investment Journal.
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