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IIFL Finance
4.0
based on 5.2k Reviews
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Company Overview
Company Locations
Working at IIFL Finance
Company Summary
India's leading retail non-banking financial company, engaged in gold loans, business loans, personal loans & financial advisory services with over 85 lac customers and operates in 4000 locations.
Overall Rating
4.0/5
based on 5.2k reviews
On-Par with
industry average
Highly rated for
Work-life balance, Company culture, Job security
Work Policy
Work from office
89% employees reported
Monday to Saturday
78% employees reported
Strict timing
59% employees reported
Within city
47% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
273 employees reported
Health insurance
214 employees reported
Office cab/shuttle
70 employees reported
Cafeteria
61 employees reported
View all benefits
About IIFL Finance
Founded in1995 (30 yrs old)
India Employee Count10k-50k
Global Employee Count10k-50k
India HeadquartersMumbai, Maharashtra, India
Websiteiifl.com
Primary Industry
Other Industries
View in video summary
IIFL Finance Limited (NSE: IIFL, BSE: 532636) is one of the leading players in the financial services space in India. Together with its subsidiaries – IIFL Home Finance Limited, IIFL Samasta Finance Limited (Formerly known as Samasta Microfinance Limited) and IIFL Open Fintech Private Limited, it provides a diverse range of loans and mortgages.
These include home loans, gold loans, business loans including loans against property and medium & small enterprise financing, micro finance, developer & construction finance and capital market finance; catering to both retail and corporate clients.
The company has a nationwide presence with a thriving network of 4000+ branches across 500+ cities.
These include home loans, gold loans, business loans including loans against property and medium & small enterprise financing, micro finance, developer & construction finance and capital market finance; catering to both retail and corporate clients.
The company has a nationwide presence with a thriving network of 4000+ branches across 500+ cities.
Mission: From an entrepreneurial start-up in 1995, we have steadily grown to emerge as one of India’s leading financial services group. Ever since our inception, our strategy has been to align our capabilities and market insights to the country’s rapidly changing business environment. Our growth trajectory has only served to reinforce our focus on our domain of financial services.
Vision: To be the most respected financial services company in India.
- Not necessarily the largest or most profitable
IIFL Finance Ratings
based on 5.2k reviews
Overall Rating
4.0/5
How AmbitionBox ratings work?
5
2.5k
4
1.2k
3
641
2
254
1
669
Category Ratings
3.9
Work-life balance
3.8
Company culture
3.8
Job security
3.8
Salary
3.8
Skill development
3.7
Work satisfaction
3.6
Promotions
IIFL Finance is rated 4.0 out of 5 stars on AmbitionBox, based on 5.2k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at IIFL Finance
based on 4.9k reviews
3.9
Rated by 1.1k Women
Rated 3.8 for Job security and 3.7 for Work-life balance
4.0
Rated by 3.8k Men
Rated 3.9 for Work-life balance and 3.9 for Salary
Work Policy at IIFL Finance
based on 530 reviews in last 6 months
Work from office
89%
Hybrid
6%
Permanent work from home
5%
IIFL Finance Reviews
Top mentions in IIFL Finance Reviews
+ 5 more
Compare IIFL Finance with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 4.0/5 based on 5.2k reviews | 3.6/5 based on 1.3k reviews | 3.6/5 based on 1.6k reviews | 3.9/5 based on 1.9k reviews |
Highly Rated for | Work-life balance Skill development Salary | No highly rated category | No highly rated category | Job security Skill development Work-life balance |
Critically Rated for | No critically rated category | Promotions Work satisfaction Company culture | Promotions Skill development Salary | No critically rated category |
Primary Work Policy | Work from office 89% employees reported | Work from office 78% employees reported | Work from office 86% employees reported | Work from office 91% employees reported |
Rating by Women Employees | 3.9 Good rated by 1.1k women | 3.6 Good rated by 347 women | 3.6 Good rated by 364 women | 3.8 Good rated by 400 women |
Rating by Men Employees | 4.0 Good rated by 3.8k men | 3.6 Good rated by 913 men | 3.6 Good rated by 1.2k men | 4.0 Good rated by 1.4k men |
Job security | 3.8 Good | 3.6 Good | 3.6 Good | 4.0 Good |
View more
IIFL Finance Salaries
IIFL Finance salaries have received with an average score of 3.8 out of 5 by 5.2k employees.
Branch Manager
(1k salaries)
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₹2.2 L/yr - ₹8 L/yr
Gold Appraiser
(791 salaries)
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₹1.8 L/yr - ₹4.7 L/yr
Customer Care Executive
(554 salaries)
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₹0.9 L/yr - ₹3.8 L/yr
Relationship Manager
(425 salaries)
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₹1.2 L/yr - ₹6 L/yr
Senior Officer
(418 salaries)
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₹1.7 L/yr - ₹4.7 L/yr
Gold Loan Officer
(228 salaries)
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₹1.8 L/yr - ₹4.2 L/yr
Sales Manager
(220 salaries)
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₹1.8 L/yr - ₹7 L/yr
Loan Manager
(193 salaries)
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₹2.1 L/yr - ₹5.5 L/yr
Senior Sales Officer
(179 salaries)
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₹2 L/yr - ₹3.8 L/yr
Credit Manager
(179 salaries)
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₹2.5 L/yr - ₹10.5 L/yr
IIFL Finance Interview Questions
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Top IIFL Finance interview questions and answers
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IIFL Finance Jobs
Popular Designations IIFL Finance Hires for
Popular Skills IIFL Finance Hires for
Current Openings
IIFL Finance News
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Stock Market Today: All You Need To Know Going Into Trade On March 3
- The NSE Nifty 50 and BSE Sensex closed significantly lower on Friday, with Nifty falling to its lowest level since June 5.
- Foreign portfolio investors continued selling Indian equities, while domestic institutional investors remained net buyers on Friday.
- Notable post-market earnings include International Gemmological Institute's positive Q4 CY24 highlights.
- Stocks to watch include IIFL Finance, Piramal Enterprises, and Aditya Birla Real Estate, among others.
- Bulk deals featured Coforge, Home First Fin, IndusInd Bank, KEI Industries, Mufin Green Finance, and Teamlease Services.
- Block deals involved ITC, WHILE Wells Fargo Emerging Markets Equity, among others.
- Companies like Hitachi Energy India, Ventive Hospitality, and SBI are scheduled to meet analysts and investors on specific dates.
- Insider trades included transactions by promoters of Nirlon, Thirumalai Chemicals, and Shakti Pumps (India).
- Trading tweaks included price band changes for Optiemus Infracom and Jubilant Agri, along with stocks moving in and out of the ASM framework.
- Currency update showcased the rupee closing lower at 87.52 against the US dollar due to tariff outlook uncertainty.
Bloomberg Quint | 3 Mar, 2025
Stocks To Watch Today: IIFL Finance, Piramal Enterprises, Dalmia Bharat, NCC, Indian Overseas Bank
- IIFL Finance, Piramal Enterprises, Dalmia Bharat, NCC, Indian Overseas Bank are some stocks to watch today.
- Other stocks to watch include RailTel, Ujjivan Small Finance Bank, MSTC, Vishnu Prakash R Punglia, and Aurobindo Pharma.
- IIFL Finance approved the issuance of secured, rated, redeemable debentures through a private placement.
- Piramal Enterprises received a GST demand of Rs 1,502 crore from the Maharashtra tax authority.
Bloomberg Quint | 3 Mar, 2025
Ireda Share Price Tumbles After Entering F&O Segment
- Shares of Indian Renewable Energy Development Agency (IREDA) fell over 7% as the stock entered the Futures & Options (F&O) segment.
- IREDA's inclusion in the F&O segment is expected to enhance liquidity and provide more trading opportunities for investors.
- IREDA's share price tumbled as much as 7.54% to Rs 153.96 apiece, with the relative strength index at 39.
- Alongside IREDA, Tata Technologies, IIFL Finance, Patanjali Foods, and Titagarh Rail Systems also began trading with F&O contracts.
Bloomberg Quint | 28 Feb, 2025
IIFL Finance's Earnings May Be Capped By Weak Loan Quality, Narrower Interest Spreads: Fitch
- IIFL Finance's near-term performance will be constrained due to weakening loan quality and narrower interest spreads, according to Fitch Ratings.
- The rating agency expects asset quality and earnings of IIFL Finance to face headwinds based on their April-December performance.
- The company's full-year earnings are expected to be significantly lower in the current financial year due to lower net interest margins and higher credit costs.
- Persistent low liquidity buffers and increased short-term maturities pose refinancing risks, which could affect the company's rating.
Bloomberg Quint | 24 Feb, 2025
Stock Recommendations Today: M&M, Samvardhana Motherson, Indus Towers, Afcons On Brokerages' Radar
- Analysts have recommended buying M&M, Samvardhana Motherson, Indus Towers, and Afcons Infrastructure Ltd. on Monday.
- Nomura Research initiated a 'buy' rating on Afcons Infrastructure Ltd. with a target price of Rs 561 per share.
- Bank of America forecasts a weak 2025 for the Indian market due to short-term risks from reciprocal tariffs.
- Morgan Stanley sees positive implications for the steel industry from discussions on imposing anti-dumping and safeguard duties.
- Mahindra & Mahindra reported significant bookings for battery electric vehicles and is expected to show strong growth in 2025.
- BofA anticipates single-digit returns for the Nifty in 2025 with high volatility and various risks.
- Jefferies maintained a 'buy' rating on Amber Enterprises and IIFL Finance, with expectations for growth in their respective sectors.
- Citi retained a 'buy' rating on Indus Towers, projecting positive growth and strong free cash flow generation.
- Nomura provided insights on India-US trade dynamics and expectations for energy imports and trade balance.
- HSBC upgraded SBI Cards to 'buy' and Gujarat Pipavav to 'hold', citing positive trends in credit card issuance and container cargo performance.
Bloomberg Quint | 17 Feb, 2025
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Manappuram Finance, IIFL Finance shares tumble on weak Q3 results, missing street estimates
- Manappuram Finance's consolidated net profit declines to ₹278.46 crore in Q3 2024, missing street estimates.
- IIFL Finance's consolidated net profit drops 85% to ₹81.71 crore in Q3 2024, below street estimates.
- Increased stress in microfinance segment, elevated credit costs, and deteriorated asset quality contribute to the disappointing results.
- Manappuram Finance and IIFL Finance stocks tumble on the NSE, closing 6.21% and 5.88% lower respectively.
HinduBusinessLine | 14 Feb, 2025
IIFL Finance Q3 Review — Lower NIMs, Elevated Credit Cost Dent Earnings; Systematix Maintains 'Buy', Lowers TP
- IIFL Finance Q3 earnings were impacted by lower net interest margins (NIMs) and elevated credit costs.
- Systematix Institutional Equities maintains a 'Buy' rating but lowers the target price to Rs 475 from Rs 560.
- Operating expenses were controlled, resulting in a stable operating expense to asset under management (AUM) ratio at 4.3%.
- IIFL's weak operating performance was due to weak business growth, margin contraction, and elevated credit cost.
Bloomberg Quint | 14 Feb, 2025
IIFL Finance Q3 Results: Profit Falls 92%, Income Dips
- IIFL Finance Ltd. reported a 92% fall in net profit to Rs 40.70 crore in Q3.
- Total income declined 4.4% to Rs 2,442.58 crore in the last quarter.
- Net interest income dropped 21.7% to Rs 1,235.16 crore in the year ago period.
- Shares of IIFL Finance closed 2.22% lower at Rs 335.65 on the NSE.
Bloomberg Quint | 12 Feb, 2025
Income Tax Department's Searches Conclude At IIFL Premises After A Week
- Income Tax Department's searches at IIFL premises conclude after a week.
- Tax officials suspected a multi-crore tax evasion and questioned senior executives and accountants.
- Documents were seized during the searches.
- IIFL Finance will promptly inform stock exchanges of any further material development.
Bloomberg Quint | 4 Feb, 2025
IIFL Finance Says Financial Hit Yet To Be Determined As I-T Dept Conducts Searches
- The income tax department conducted searches at IIFL Finance's registered office and other offices.
- The company cannot assess the financial impact of the searches at this point in monetary terms.
- Officials seized phones and other digital devices for examination during the searches.
- The Reserve Bank of India had previously imposed curbs on IIFL Finance's gold business
Bloomberg Quint | 29 Jan, 2025
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IIFL Finance FAQs
When was IIFL Finance founded?
IIFL Finance was founded in 1995. The company has been operating for 30 years primarily in the NBFC sector.
Where is the IIFL Finance headquarters located?
IIFL Finance is headquartered in Mumbai, Maharashtra. It operates in 2 cities such as Mumbai, Thane. To explore all the office locations, visit IIFL Finance locations.
How many employees does IIFL Finance have in India?
IIFL Finance currently has more than 14,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in IIFL Finance based on the number of reviews submitted on AmbitionBox.
Does IIFL Finance have good work-life balance?
IIFL Finance has a Work-Life Balance Rating of 3.9 out of 5 based on 5,200+ employee reviews on AmbitionBox. 70% employees rated IIFL Finance 4 or above, while 30% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read IIFL Finance work-life balance reviews for more details
Is IIFL Finance good for career growth?
Career growth at IIFL Finance is rated fairly well, with a promotions and appraisal rating of 3.6. 70% employees rated IIFL Finance 4 or above, while 30% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading IIFL Finance promotions/appraisals reviews for more detailed insights.
What are the pros of working in IIFL Finance?
Working at IIFL Finance offers several advantages that make it an appealing place for employees. The company is highly rated for work life balance, company culture and job security, based on 5,200+ employee reviews on AmbitionBox.
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