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IIFL awarded 'Best Broker in India' by FinanceAsia

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Announcement Corporate
Last Updated : Jan 20 2013 | 2:17 AM IST

IIFL has been awarded the ‘Best Broker in India’ by Finance Asia. This was a result of FinanceAsia’s annual look at the best financial services firms in each country around Asia which culminated in the Country Awards 2011.

IIFL is one of the leading players in the retail and institutional broking space with a market share of over 4% which has consistently grown over the years. IIFL offers advisory and execution platforms to over a million clients, through over 3000 business locations, across 500 Indian cities. With coverage of over 150 stocks, IIFL’s in-depth, thematic and thought provoking research has been well received by clients.

IIFL’s trading platform, Trader Terminal, is widely acknowledged as one of the best available for investors in India. The company’s proprietary risk management systems are tested for large volumes as well as high volatility and we have an impeccable track record on compliance and customer service.

IIFL is the first Indian broker to receive membership for stock broking at the Colombo and Singapore Stock Exchanges. The company now has a full-fledged team in Sri Lanka and Singapore and has also commenced broking operations in the two countries.

IIFL was also awarded the ‘Best Equity Broker of the Year’ at the Bloomberg UTV Financial Leadership Awards, 2011. The award was presented by the Hon’ble Finance Minister of India, Shri Pranab Mukherjee at the function held on Saturday, March 26, 2011.

About the IIFL Group
The India Infoline (IIFL) group, comprising the holding company, India Infoline Ltd (NSE: INDIAINFO, BSE: 532636, Bloomberg: IIFL) and its subsidiaries, is one of the leading players in the Indian financial services space. IIFL offers advice and execution platform for the entire range of financial services covering products ranging from Equities and derivatives, Commodities, Wealth management, Asset management, Insurance, Fixed deposits, Loans, Investment Banking, GoI bonds and other small savings instruments. It owns and manages the website, www.indiainfoline.com, which is one of India’s leading online destinations for personal finance, stock markets, economy and business. IIFL has been awarded the ‘Best Broker, India’ by FinanceAsia and the ‘Most improved brokerage, India’ in the AsiaMoney polls. IIFL was also adjudged as ‘‘Fastest Growing Equity Broking House - Large firms’ by Dun & Bradstreet. It has also been feted with ‘Best Equity Broker of the year’ at the BloombergUTV Financial Leadership Awards, 2011. A forerunner in the field of equity research, IIFL’s research is acknowledged by none other than Forbes as ‘Best of the Web’ and ‘…a must read for investors in Asia’. IIFL’s research is available not just over the Internet but also on international wire services like Bloomberg, Thomson First Call and Internet Securities where it is amongst one of the most read Indian brokers.

A network of over 3,000 business locations spread over more than 500 cities and towns across India facilitates the smooth acquisition and servicing of a large customer base. All the offices are connected with the corporate office in Mumbai with cutting edge networking technology. The group caters to a customer base of about a million customers, over a variety of mediums viz. online, over the phone and at its branches.
IIFL refers to India Infoline Ltd and its group companies.

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First Published: Jun 22 2011 | 7:33 PM IST

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