Non-Banking Financial Company (NBFC) / Financial Services
Strategic Profile
IIFL Finance is a diversified NBFC engaged in loans and mortgages, offering home loans, gold loans, business loans, microfinance, capital market finance and developer & construction finance. The company has grown significantly, with AUM reaching Rs. 76,700 Cr in FY24 compared to Rs. 37,900 Cr in FY20, operating approximately 4,800 branches in FY24 versus 2,300 in FY20.
Cyborg Score Rationale
Strong AUM growth from Rs. 37,900 Cr in FY20 to Rs. 76,700 Cr in FY24 demonstrates significant expansion. However, the company has low interest coverage ratios and low return on equity of 13.1% over three years.
Top Insights
Customer base exceeds 80 lakh customers
Recent capital raises: EGM approved Rs. 2,400 Cr increase (cumulative Rs. 5,492 Cr RPT limit with IIFL Home Finance); Feb 24 board approved private placement of Rs. 1,000 Cr senior secured NCDs
December 2023 regulatory relief: Securities Appellate Tribunal set aside SEBI prohibition order and reduced penalty from Rs. 2 crore to Rs. 20 lakh
Annual revenue stands at Rs. 10,200 Cr as of March 31, 2025
Named Competitors
Cholamandalam Investment and Finance Company — Diversified NBFC offering multiple lending products
Manappuram Finance — Leading gold and secured lending NBFC
Shriram City Union Finance — Vehicle and consumer finance NBFC