British International Investment

IIFL Finance Limited

South AsiaFinancial services

India Infoline Finance (IIFL Finance) is a non-banking financial company (NBFC) headquartered in Mumbai.

Its portfolio comprises home loans, commercial vehicle finance, gold loans and SME business loans. It employs a workforce of over 10,500 people with a network of over 1,000 branches across India.

IIFL Finance is a wholly-owned subsidiary of IIFL Holdings Ltd, a finance and investment company founded in 1995 by entrepreneurs Nirmal Jain and R. Venkataraman.

CDC’s relationship with IIFL dates back to 1999 when it was one of the early investors in IIFL’s broking business.

This investment was made when British International Investment was named CDC Group.

Our investment

Description of the investment.

In summer 2016, CDC made an equity investment of $150 million for a 15 per cent stake in the company.

Our investment will be used to support IIFL in expanding its affordable home loans and micro, small and medium enterprise (MSME) lending business.

Expected impact

Expected impact of investments made between 2012 and 2018. From 2019 onwards, we have published a fuller set of impact information, assessing each investment against six dimensions of impact.

Small and medium-sized enterprises (SMEs) play a key part in the informal Indian economy and are often run by families or individuals. However, many find it difficult to access credit due to this informal status and lack of documentation.

The injection of long-term capital will allow IIFL to increase access to both business and affordable housing loans. This will drive business growth and contribute to wider economic stability in these under-banked communities.

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    March 2024
    Project number

    An identifier number shared by investments in the same project.


    The current status of the investment (green flag for active and red flag for exited).


    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    South Asia

    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    Financial services

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Start date :
    June 2018
    Amount :
    Currency of investment :

    The company or investment fund’s place of incorporation.


Related investments made by BII into this company:

Investment name Commitment Region Sector Start date Status
Investment 01 $150.08m South Asia Financial services September 2016 Exited

Subscribe to receive our latest news and updates