India Infoline Live Stock/Share Price/Charts/Quotes
India Infoline (IIL) was incorporated as Probity Research & Services, in 1995 for providing research and information services. The company offers e-broking services for products, ranging from mutual funds, government securities to fixed deposits and insurance through its broking site www.5paise. It has 75 investor interface centres whereby it provides financial planning, PMS and taxation advisory services. IIL is an IRDA licensed insurance agent, and has tied up with ICICI Prudential Life Insurance Company. Equity brokerage income constitutes more than 60% of revenues (2005), followed by income from life insurance commission. India Infoline Securities is a 100% subsidiary of IIL, which is in the businesses of equities broking (cash and derivatives segment) and portfolio management services. India Infoline Commodities is in the business of commodities broking.India Infoline Distribution distributes mutual funds, IPOs, fixed deposits and other small savings products. India Infoline Insurance Services is a corporate agent for ICICI Prudential Life Insurance, which is one of the largest private life insurance companies. India Infoline Investment Services works for IIL's margin funding and financing business. The company has also applied for merchant banking and NBFC license. The company has also been honoured with Golden Mouse Award in India Internet World 2000 for the best finance site. After raising over Rs 9 billion in a public offer last year and its venture into commodities trading, the coming years are going to be crucial in many ways. The registered office of the company is situated at Mumbai, Maharashtra.
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