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Indiainfoline.com, which democratized financial knowledge and research in India, turns 24

11 May 2023 , 12:29 PM

- By R. Venkataraman, Chairman, IIFL Securities

www.indiainfoline.com was born on this day 24 years ago to democratize financial knowledge and research. The humble dot com venture has today transformed into a financial conglomerate – with four listed entities – IIFL Finance, IIFL Wealth, IIFL Securities and 5paisa Capital – each enjoying a strong competitive position in the segments they operate. As a Group, we employ over 40,000 people and serve over 10 million

Thank you customers, employees- both past and present, investors, bankers, regulators for being a part of our journey. We will continue to build businesses that fulfill much needed requirements of Indians across all states, income and age groups, with focus on credit solutions, financial inclusion, long-term wealth creation and financial literacy.

Today, I get lots of birthday wishes from old colleagues with whom we have shared a common journey, reliving old memories. A super special message from Anil Masceranhas really made my day. He was our first editor, and has been with us for over two decades. Here are his words,

'Dear Nirmal & Venkat,

On this special day, as www.indianfoline.com celebrates its 24th anniversary, just used technology to take a walk down memory lane with our pet lines.

‘IT'S ALL ABOUT MONEY HONEY,’ but you have gone beyond just building wealth for clients, employees, and stakeholders. You have created a platform that was about ‘CARRYING YOUR DREAMS’ and aspirations,
empowering all to achieve financial goals.

‘KNOWLEDGE IS THE EDGE,’ and you have always stayed ‘FAST, FLEXIBLE, AND FOCUSED’ on providing the most suitable advice. You have recognized that ‘TIME IS MONEY’ and have successfully ‘SIMPLIFIED FOR SPEED,’ enabling clients to make informed decisions with ease.

Through your relentless pursuit of growth and resolute commitment to excellence, you have built a platform that offers ‘DURABLE AND DERISKED.’ You have truly ‘LET THE GOOD TIMES ROLL.’

But what truly sets you apart is your unwavering commitment to ‘SEEDHI BAAT’ and continuing to provide ‘SMALL LOANS FOR BIG DREAMS’. You have recognized the importance of ‘DIGITAL PROPULSION FOR FINANCIAL INCLUSION’ and you made IIFL a beacon of hope for those who were previously left out of the financial mainstream.

You have been an integral part of our lives, literally ‘CARRYING OUR DREAMS’ (can’t forget Jim Vakil who got this theme hand-painted) and aspirations towards a brighter future.

Best wishes and Here's to many more years of success and growth…TOGETHER!'

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  • R. Venkataraman
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19 Feb 2024   |   09:29 AM
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
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