IIFL Finance Limited

South Asia Financial 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

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

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.

Environmental and social aspects

CDC has been instrumental in establishing IIFL's Environmental Social and Governance (ESG) sub-committee. The committee supports the bank's environmental and social (E&S) and business integrity performance, as well as on gender and women's economic empowerment.

We are also collaborating with IIFL's housing finance business on the promotion of green buildings.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

South Asia

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Direct Debt, Direct Equity
Start date

For direct investments, this is the date British International Investment committed capital to the business or project.

For funds, this is the date that British International Investment committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

September 2016

For direct investments, this is the total amount that British International Investment has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that British International Investment has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.


We are now British International Investment