India Infoline Ltd.

Indian Stock Market

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History of India Infoline Ltd.

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 Limited on May 23, 2000 & later to India Infoline Limited on March 23, 2001.

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, in May 1999 & started providing news & market information, independent research, interviews with business leaders & other specialized features.

In May 2000, the name of our Comp. was changed to India 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 through our subsidiary, India Infoline Securities Private Limited and, 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 analysis.

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 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, Goregaon [Es], 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 Limited Services Limited India 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 online set-up.

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/-.

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