- Business
- IIFL Capital Services Limited (formerly IIFL Securities Limited), founded in 1995 and headquartered in Mumbai, India, operates as a leading full-service brokerage and financial services provider in the Indian capital markets, offering retail and institutional broking, investment banking, financial product distribution, and ancillary services. The company provides equity broking, derivatives trading, commodity and currency broking, depository participant services, mutual funds, fixed income products including bonds and debentures, insurance products, initial public offerings, portfolio management services, alternative investment funds, online trading platforms such as IIFL Markets, wealth management for high-net-worth individuals, and investment banking services encompassing IPOs, qualified institutional placements, mergers and acquisitions advisory, private equity placements, share buybacks, and delistings; it also distributes third-party products like non-convertible debentures, sovereign gold bonds, exchange-traded funds, US stocks, and national pension system options, primarily serving retail investors, high-net-worth individuals, corporates, and institutions through a nationwide branch network and international presence in Singapore, London, and New York. IIFL Capital Services conducts operations across India with segments including capital market activities, insurance broking and wellness services, and facility and ancillary services such as real estate brokerage. In recent developments, the company changed its name from IIFL Securities Limited to IIFL Capital Services Limited in 2024 to better reflect its diversified offerings including investment banking and wealth management, pending regulatory approvals; it reported record Q1 FY2025 profits with 57% year-over-year total income growth to ₹643.8 crore driven by 75% brokerage revenue increase and expanded financial products distribution assets under management to ₹29,049 crore; additionally, it allotted 247,405 equity shares under its employee stock option scheme in November 2025, increasing its paid-up capital, and participated in recent deals advised by law firms alongside entities like DAM Capital Advisors and HSBC Securities. As a subsidiary within the IIFL Group promoted by Nirmal Jain, IIFL Capital Services maintains SEBI registrations for broking, merchant banking, portfolio management, investment advisory, research analysis, and depository participation, supporting over 1.8 million active clients with advanced trading tools, research, and customized strategies.