IIFL Securities Limited, founded in 1996 by Nirmal Jain and Venkataraman Rajamani, is a leading independent full-service brokerage firm in India. It offers a wide array of financial services, including equity, commodities, and currency brokerage, as well as distribution of mutual funds, bonds, and alternative investment products. The company is a SEBI-registered Merchant Banker and provides wealth management and investment strategy insights.
Significant corporate restructuring took place, notably the 2019 demerger with IIFL Finance Limited, which led to the transfer of the Securities Business Undertaking to IIFL Securities. In 2019, the company expanded its services to include commodities brokerage and launched the IIFL Fintech Fund and WealthDesk platform. In 2022, it acquired Rajen Chandrakant Securities Private Limited and launched two Alternative Investment Funds. In 2024, the online retail trading division was transferred to 5paisa Capital Limited to streamline operations.
