- Business
- IIFL Capital Services Limited (formerly IIFL Securities Limited), one of India's leading full-service retail and institutional broking houses headquartered in Mumbai and founded in 1995, provides a comprehensive suite of capital market and financial product distribution services; these include equity trading (cash and derivatives), derivatives trading, commodities and currency broking, depository participant services, mutual funds distribution, initial public offerings (IPOs), insurance products (life and non-life), fixed income products such as bonds and government securities, portfolio management services (PMS), alternative investment funds (AIF), wealth management for high-net-worth individuals (HNWIs), investment advisory, and online trading via the IIFL Markets platform with advanced charting tools and real-time market data. The company operates across India through an extensive network of branches, sub-brokers, and digital channels including mobile apps and call centers, serving retail investors, corporates, institutional clients, foreign portfolio investors, mutual funds, insurance companies, banks, pension funds, and trusts. In a significant recent development, the company changed its name from IIFL Securities Limited to IIFL Capital Services Limited in November 2024 to better reflect its diversified offerings beyond traditional broking into broader capital services, investment banking, and wealth management; additionally, as of October 2025, TPG Capital is leading a bid to acquire up to a 19.99% stake, potentially providing capital for expansion and strategic growth.