As of March 2022[update], IIFL Wealth Management has around ₹2.62 lakhcrore (US$30 billion) in assets under management, which excludes custody assets.[7]
The equity shares of IIFL Wealth Management are listed on the Bombay Stock Exchange and National Stock Exchange of India.[12]
In December 2018, IIFL Wealth Management launched the IIFL Wealth Index 2018 series, in partnership with Wealth-X.[13][14]
Acquisition
In April 2020, IIFL Wealth completed the acquisition of 100% equity shares of L&T Capital Markets (LTCM), a wholly owned subsidiary of L&T Finance Holdings. The acquisition was for a total cash consideration of ₹230 crore plus available cash balance of LTCM.[15][16]
In October 2018, the company acquired a Chennai-based wealth management firm, Wealth Advisors India for ₹235 crore (US$27 million).[6] IIFL Wealth Management acquired Ashburton India Equity Opportunities for an undisclosed amount in December 2017.[17]
IIFL Wealth Management acquired non banking finance company Chephis Capital Markets in February 2016.[18]
The company had bought a majority stake in India Alternatives Investment Advisors Pvt Ltd,[19] a PE advisory firm, in April 2014.[20]
Funding
In June 2018, the company raised ₹745.71 crore (US$86 million) from Ward Ferry, General Atlantic and others.[21]
The New York based PE firm, General Atlantic acquired 21.61 per cent stake in IIFL Wealth Management for ₹1,122.34 crore (US$130 million) in October 2015.[22][23]
