We were originally incorporated on October 18, 1995 as Probity Research
and Services Private Limited at Mumbai under the Companies Act, 1956
with Registration No. 11 93797. We commenced our operations as an
independent provider of information, analysis & research covering
Indian businesses, financial markets & economy, to institutional
customers. We became a public limited Comp. on April 28, 2000 & the
name of Comp. was changed to Probity Research & Services
Limited. The name of Comp. was changed to India Infoline.com
Limited on May 23, 2000 & later to India Infoline Limited on March
In 1999, we identified the potential of Internet to cater to a mass
retail segment & transformed our business model from providing
information services to institutional customers to retail customers.
Hence we launched our Internet portal, www.indiainfoline.com in May
1999 & started providing news & market information, independent
research, interviews with business leaders & other specialized
In May 2000, the name of our Comp. was changed to India Infoline.com
Limited to reflect the transformation of our business. Over a period of
time, we have emerged as one of leading business & financial
information services provider in India.
In the year 2000, we leveraged our position as a provider of financial
information & analysis by diversifying into transactional services,
primarily for online trading in shares & securities & online as
well as offline distribution of personal financial products, like
mutual funds & RBI Bonds. These activities were carried on by our
wholly owned subsidiaries.
Our broking services was launched under the brand name of 5paisa.com
through our subsidiary, India Infoline Securities Private Limited and
www.5paisa.com, the e-broking portal, was launched for online trading
in July 2000. It combined competitive brokerage rates & research,
supported by Internet technology Besides investment advice from an
experienced team of research analysts, we also offer real time stock
quotes, market news & price charts with multiple tools for technical
Acquisition of Agri Marketing Services Limited ['Agri's]
In March 2000, we acquired 100% of equity shares of Agri Marketing
Services Limited, from their owners in exchange for issuance of
508,482 of our equity shares. Agri was a direct selling agent of
personal financial products including mutual funds, fixed deposits,
corporate bonds & post-office instruments. At the time of our
acquisition, Agri operated 32 branches in South & West India serving
more than 30,000 customers with a staff of, approximately 180
employees. After the acquisition, we changed the Comp. name to India
Infoline.com Distribution Comp. Limited.
Our main offices are located in approximately 4,000 square feet of
office space located in Mumbai, India. Our India Infoline Branches
collectively occupy an additional 10,000 square feet of office space
located throughout India, As on March 31, 2005, we have 73 branches
across 36 locations in India.
The table below shows the changes in the Registered Office of the
Company since Incorporation:
Previous Address New Address Date of Change
208-C, Agarwal Market, 1, Snehdeep, Gokhale Road, August 6, 1999
Vile Pane [Easts], Vile Parle [Easts],
Mumbai - 400 057. Mumbai - 400 057,
1, Snehdeep, Gokhale Road, Building No. 24, 1st floor, Jan.,15, 2001
Vile Parle [Easts], Nirlon Complex,
Mumbai - 400 057. Off Western Express Highway,
Mumbai - 400 0063.
Reason for Change
Requirement of more floor space.
Requirement of more floor space.
The instances when the name of Comp. was changed are cited below:
Previous Name New Name
Probity Research & Probity Research &
Services Private-Limited Services Limited
Probity Research & India Infoline.com Limited
India Infoline.com Limited India Infoline Limited
Date of Change Reason for Change
April 28, 2000 Conversion from Private Limited to
Public Limited Company
May 23, 2000 To focus on the retail financial
intermediary business through an
March 23, 2001 To focus on the retail financial
intermediary business through offline
as well as online set-up.
- India Infoline fixes a price band between Rs 70 & Rs 80 for its forthcoming public issue. The Comp. is coming out with public issue of 1.18 crore shares with a face value of Rs 10 through the book building route. The issue is slated to open on April 21 & close on April 27. Enam Financial Consultants Private Ltd would be the sole book running lead manager to the issue while Intime Spectrum Registry Ltd is the registrar to the issue.
-India Infoline public issue gets 6.6 times oversubscription
-IIL appoints R Mohan as VP
- India Infoline Ltd has informed that the Board of Directors of Comp. have vide circular resolution passed on March 10, 2008 approved the appointment of Mr. A K Purwar, ex-Chairman of State Bank of India, as an independent director on the Board of Company.
- India Infoline Ltd has informed that pursuant to the resignation of Mr. Nimish Mehta, Comp. Secretary & Compliance Officer of Company. Ms. Falguni Sanghvi has been appointed as the Comp. Secretary with effect from October 07, 2008.
- The Comp. has splits its face value from Rs10/- to Rs2/-.