The 10 Most Trusted Non-Banking Financial Companies to Watch in 2019_compressed

Under IIFL Milan, 10,109 activities have so far been
conducted, touching 315,000 lives through varied themes.
IIFL Finance has also under taken one of India's largest
girl child education initiatives in Rajasthan, where it aims
to help the every girl child study at least until class 10
within the next ten years. IIFL Foundation has set up
‘Sakhiyon Ki Baadi’, unique community schools across
Rajasthan, which facilitates education in inaccessible
locations as per the time convenience of the students in
dialogue with the local community.
Notable Awards, Achievements, and Recognitions
The Economic Times has listed IIFL among the top five
companies in India, on which investors trust. It has been
ranked as one of the Forbes ‘India’s Super 50
Companies’, a benchmark to identify Indian companies
that exhibit high growth in profitability, sales and
shareholder returns. IIFL is also among the ‘Outlook
Business Outperformers’ - a prestigious list of eight
companies which have beaten the Sensex over a
five-year period. The Mint newspaper has recognized it
among the seven financial conglomerates in India. Also,
IIFL has been recognized as ‘India’s Most Trusted
Financial Service Brand (Non-Bank)’ by the Brand Trust
Report India Study. It has also received ‘India’s Most
Promising Brand' award at WCRC Global India
Excellence Summit in London.
Growing with the Ultimate Strategies
In the last quarter of 2018, the company halved its
commercial paper exposure, down from 24% to 12%. The
funding mix remains well diversified including term
loans, securitization and direct assignments, refinance and
non-convertible debentures. The company recently raised
over Rs. 1100 Cr via NCDs. The company is further in
discussions with other institutions for long-term funding
agreements along with sanctioned undrawn credit lines
from banks. On the asset side, the loan book has a
relatively short maturity pattern, with 25% of loans
having a maturity of less than six months and 39% of
loans having a maturity of less than 12 months. The
company has a positive asset-liability mismatch across all
buckets and continues to maintain a comfortable liquidity
position. IIFL Finance has a long-term credit rating of AA
(Stable) by Crisil, AA (Stable) by ICRA and AA (Positive)
by CARE.
The Future Vision
As India is the world's fastest growing economy, the
NBFC sector has huge scope for its growth. IIFL Finance
has a diversified product portfolio, caters to needs of a
broad spectrum of customers – salaried, self-employed,
informal sector, HNIs, and corporates.
IIFL Finance aiming to address growing financial needs in
under-served markets. About 85% of the book is retail in
nature, therefore, the focus of the company will remain on
retail lending especially in the middle-class borrower
segment. Home loans, Gold loans, SME financing, and
Microfinance will be key areas for growth for IIFL
Finance.