As of March 2022[update], IIFL Wealth Management has around₹2.62lakhcrore (US$30 billion) in assets under management, which excludes custody assets.[7]
The equity shares of IIFL Wealth Management are listed on the Bombay Stock Exchange and National Stock Exchange of India.[12]
In December 2018, IIFL Wealth Management launched the IIFL Wealth Index 2018 series, in partnership with Wealth-X.[13][14]
In November 2022, the company rebranded as 360 ONE, renaming its wealth management division as 360 ONE Wealth[15] and its asset management division as 360 ONE Asset.[16]
In April 2020, IIFL Wealth completed the acquisition of 100% equity shares of L&T Capital Markets (LTCM), a wholly owned subsidiary of L&T Finance Holdings. The acquisition was for a total cash consideration of₹230 crore plus available cash balance of LTCM.[17][18]
In October 2018, the company acquired aChennai-based wealth management firm, Wealth Advisors India for₹235 crore (US$27 million).[6] IIFL Wealth Management acquired Ashburton India Equity Opportunities for an undisclosed amount in December 2017.[19]
IIFL Wealth Management acquired non banking finance company Chephis Capital Markets in February 2016.[20]
The company had bought a majority stake in India Alternatives Investment Advisors Pvt Ltd,[21] a PE advisory firm, in April 2014.[22]
In June 2018, the company raised₹745.71 crore (US$85 million) from Ward Ferry,General Atlantic and others.[23]
TheNew York based PE firm,General Atlantic acquired 21.61 per cent stake in IIFL Wealth Management for₹1,122.34 crore (US$128 million) in October 2015.[24][25]
