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Profile of India Infoline Ltd.<br />Profile<br />Name: India Infoline Ltd.<br />Address: 2118/1/3, R/O 199, 2nd Floor, Vin...
Focus on core competence in financial services
Derisk through multiple products and diverse revenue streams</li></ul>Customer strategy<br /><ul><li>Enhance customer rete...
Efficiently deploy cutting-edge technology
Create a wide, multi-modal network to serve customers at one stop</li></ul>People strategy<br /><ul><li>Attract exceptiona...
Ensure a conducive environment
Share ownership liberally</li></ul>Business Division<br /><ul><li>Equities and Commodities Broking
Credit and Finance
Investment Banking
Wealth and Asset Management</li></ul>Management Team <br />-74295265430<br />Mr. Nirmal Jain <br />Chairman & Managing Dir...
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  1. 1. Profile of India Infoline Ltd.<br />Profile<br />Name: India Infoline Ltd.<br />Address: 2118/1/3, R/O 199, 2nd Floor, Vinod Chambers, Navi Peth, M.G. Road, 425001<br />Location: Jalgaon<br />Vision<br />“To become the Most Respected Company in the financial services space”.<br />Mission<br />“To become a full-fledged financial services company known for its quality of advice, personalized services and cutting edge technology”.<br />History<br />India Infoline Ltd. is one of the biggest financial service provider companies in India. The Revenues grew 28.1% from `8.8 bn in 2008-09 to `11.2 bn in 2009-10 and profit after tax grew 60.2% from `1.4 bn in 2008-09 to `2.3 bn in 2009-10. The market cap of IIL as per 31st July 2010 is `2645 Cr. and share price of IIL is 90.9<br />India Infoline Ltd. founded in 1995 by Mr. Nirmal Jain (Chairman and Managing Director), originally incorporated on October 18, 1995 as PROBITY RESEARCH AND SERVICES PVT LTD. at Mumbai under the Companies Act, 1956 with Registration No. 1193797.and became a public limited company on April 28, 2000.<br />The name of the Company was changed to India Limited on May 23, 2000 and later to India Infoline Limited on March 23, 2001. It is the first Company in India to foray into the online distribution of Mutual Funds<br />India Infoline Ltd. is a pan-India financial services organization across 1,361 business locations and a presence in 428 cities. Company’s global footprint extends across geographies with offices in New York, Singapore and Dubai. India infoline are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). <br /> <br />India Infoline Ltd. offer a wide range of services and products comprising broking (retail and institutional equities and commodities), wealth management, credit and finance, insurance, asset management and investment banking. <br />Milestones<br />1995 Incorporated as an equity research and consulting firm with a client base that included leading FIIs, banks, consulting firms and corporate. <br /> <br />1999 Restructured the business model to embrace the internet; launched archives. mobilized capital from reputed private equity investors. <br /> <br />2000 Commenced the distribution of personal financial products; launched online equity trading; entered life insurance distribution as a corporate agent. Acknowledged by Forbes as ‘Best of the Web’ and ‘must read for investors’<br /> <br />2004 Acquired commodities broking license; launched Portfolio Management Service. <br /> <br />2005 Listed on the Indian stock markets. <br /> <br />2006 Acquired membership of DGCX; launched investment banking services. <br /> <br />2007 Launched a proprietary trading platform; inducted an institutional equities team; formed a Singapore subsidiary; raised over USD 300mn in the group; launched consumer finance business under the ‘Moneyline’ brand. <br /> <br />2008 Launched wealth management services under the ‘IIFL Wealth’ brand; set up India Infoline Private Equity fund; received the Insurance broking license from IRDA; received the venture capital license; received in principle approval to sponsor a mutual fund; received ‘Best broker- India’ award from Finance Asia; ‘Most Improved Brokerage- India’ award from Asia money. <br /> <br />2009 Received registration for a housing finance company from the National Housing Bank; received ‘Fastest growing Equity Broking House - Large firms’ in India by Dun & Bradstreet.<br />2010 Received in-principle approval for membership of the Singapore Stock Exchange Received membership of the Colombo Stock Exchange<br />Strategy of IIFL<br />Business strategy<br /><ul><li>Continuously assimilate, analyze and apply knowledge to power superior financial decisions
  2. 2. Focus on core competence in financial services
  3. 3. Derisk through multiple products and diverse revenue streams</li></ul>Customer strategy<br /><ul><li>Enhance customer retention through quality research and service
  4. 4. Efficiently deploy cutting-edge technology
  5. 5. Create a wide, multi-modal network to serve customers at one stop</li></ul>People strategy<br /><ul><li>Attract exceptionally talented and driven people
  6. 6. Ensure a conducive environment
  7. 7. Share ownership liberally</li></ul>Business Division<br /><ul><li>Equities and Commodities Broking
  8. 8. Credit and Finance
  9. 9. Insurance
  10. 10. Investment Banking
  11. 11. Wealth and Asset Management</li></ul>Management Team <br />-74295265430<br />Mr. Nirmal Jain <br />Chairman & Managing Director <br />India Infoline Ltd. <br /> <br />Nirmal Jain, MBA (IIM, Ahmadabad) and a Chartered and Cost Accountant, founded India’s leading financial services company India Infoline Ltd. in 1995, providing globally acclaimed financial services in equities and commodities broking, life insurance and mutual funds distribution, among others. Mr. Jain began his career in 1989 with Hindustan Lever’s commodity export business, contributing tremendously to its growth. He was also associated with Inquire-Indian Equity Research, which he co-founded in 1994 to set new standards in equity research in India. <br />37465-2540Mr. R Venkataraman <br />Executive Director <br />India Infoline Ltd. <br /> <br />R Venkataraman, co-promoter and Executive Director of India Infoline Ltd., is a B. Tech (Electronics and Electrical Communications Engineering, IIT Kharagpur) and an MBA (IIM Bangalore). He joined the India Infoline board in July 1999. He previously held senior managerial positions in ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with J P Morgan of USA and with BZW and Taib Capital Corporation Limited. He was also Assistant Vice President with G E Capital Services India Limited in their private equity division, possessing a varied experience of more than 16 years in the financial services sector. <br />The Board of Directors <br /> <br />Apart from Nirmal Jain and R Venkataraman, the Board of Directors of India Infoline Ltd. comprises: <br />38100263525<br />Mr Nilesh Vikamsey<br />Independent Director <br />Mr. Nilesh Vikamsey – Board Member since February 2005 - is a practicing Chartered Accountant for 25 years and Senior Partner at M/s Khimji Kunverji & Co., Chartered Accountants, a member firm of HLB International, a world-wide organisation of professional accounting firms and business advisers, ranked amongst the top 12 accounting groups in the world. Mr. Vikamsey headed the audit department till 1990 and thereafter also handled financial services, consultancy, investigations, mergers and acquisitions, valuations and due diligence, among others. He is elected member of the Central Council of Institute of Chartered Accountant of India (ICAI), the Apex decision making body of the second largest accounting body in the world, 2010–2013.<br />He is also a Vice Chairman of Financial Reporting Review Board Accounting Standard Board and Member of Accounting Standard Board and various other Standing and Non Standing Committees. Mr. Vikamsey is also a Director of Miloni Consultants Private Limited, HLB Offices and Services Private Limited, Trunil Properties Private Limited, BarKat Properties Private Limited and India Infoline Investment Services Limited.<br />38100-3247Mr Kranti Sinha <br />Independent Director <br />Mr. Kranti Sinha — Board member since January 2005 — completed his masters from the Agra University and started his career as a Class I Officer with Life Insurance Corporation of India. He served as the Director and Chief Executive of LIC Housing Finance Limited from August 1998 to December 2002 and concurrently as the Managing Director of LICHFL Care Homes (a wholly-owned subsidiary of LIC Housing Finance Limited). He retired from the permanent cadre of the Executive Director of LIC; served as the Deputy President of the Governing Council of Insurance Institute of India and as a member of the Governing Council of National Insurance Academy, Pune apart from various other such bodies. Mr. Sinha is also on the Board of Directors of Hindustan Motors Limited and Cinemax (India) Limited.<br />381001294Mr Arun K. Purvar <br />Independent Director <br />Mr. Purwar is currently the Chairman of IndiaVenture Advisors Pvt. Ltd., investment manager to IndiaVenture Trust – Fund I, the healthcare and life sciences focussed private equity fund sponsored by the Piramal Group. He has also taken over as the Chairman of IL & FS Renewable Energy Limited in March 2008 and India Infoline Investment Services Ltd in November 2009. He is working as Independent Director in leading companies in Telecom, Steel, Textiles, Power, Auto components, Renewable Energy, Engineering Consultancy, Financial Services and Healthcare Services. He is an Advisor to Mizuho Securities in Japan and is also a member of Advisory Board for Institute of Indian Economic Studies (IIES), Waseda University, Tokyo, Japan.<br />Mr. Purwar was the Chairman of State Bank of India, the largest bank in the country from November ‘02 to May ’06 and held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of the Tokyo branch covering almost the entire range of commercial banking operations in his illustrious career at the bank from 1968 to 2006. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005 – 2006. Mr. Purwar has received the “CEO of the year” Award from the Institute for Technology & Management (2004); “Outstanding Achiever of the year” Award from Indian Banks’ Association (2004); “Finance Man of the Year” Award by the Bombay Management Association in 2006.<br />Corporate Structure<br />Product and Services<br />India Infoline Ltd. is a one-stop financial services shop, most respected for quality of its advice, personalized service and cutting-edge technology. <br /><ul><li>Equities
  12. 12. Research
  13. 13. Commodities
  14. 14. Mortgages
  15. 15. Home & Personal Loans
  16. 16. Invest in Mutual Fund
  17. 17. Portfolio Management
  18. 18. Wealth Management Service
  19. 19. Newsletters</li></ul>Current Status of Company<br />DivisionRevenueBusiness modelEquities and CommoditiesBroking2007-08: ` 5.1 bn2008-09: ` 4.7 bn2009-10: ` 6.4 bnLarge retail base through pan-Indian physical and internet presence.Institutional business enhances brand recallCredit and Finance2007-08: ` 1.9 bn2008-09: ` 2.7 bn2009-10: ` 2.9 bnOffers secured mortgages, loan against property, loan against shares and margin funding to retail and corporate.Insurance2007-08: `1,009.3 mn2008-09: ` 481.5 mn2009-10: ` 536.4 mnSales of insurance products of reputed insurance companies as an insurance brokerInvestment Banking2007-08: ` 161.5 mn2008-09: ` 23.3 mn2009-10: ` 387.7 mnBridges the gap between quality investment opportunities (IPOs, QIPs) and quality investors. Facilitates innovative M&A deals.Wealth and AssetManagement2007-08: ` 207.1 mn2008-09: ` 177.1 mn2009-10: ` 331.6 mnCustomizes wealth solutions for HNIs and corporate across all products.Presence in Dubai, New York and Singapore enabling access to NRIs.<br />Current Status of Company<br />Strengths<br />• The company is very well known after Wal-Mart for the discounted retails of the item displayed.<br />• Besides being component of Standard & Poor’s 500 index, the company is enjoying 30th position in Fortune 500 list.<br />• The subsidiaries owned by the Target Corporation include, Target Financial Services, Target Brands, Target Commercial Interiors, and Target sourcing services.<br />• The market share is huge in American as it covers all locations of United States except Vermont.<br />• The company has diversification of its store chain as it includes 1,750 stores according the calculations of 2011.<br />• The covered area of the target stores is a big one that is 95,000 to 135,000 square feet.<br />• The revenue of the company increases every year with the current revenue of $67.390 billion.<br />• The huge human resource of 355,000 assisting the corporation towards its success.<br />• The products retailed at the store have a great variety including clothing, beauty products, jewelry, health and electronics, shoes, CDs, DVDs, bedding, sporting goods, kitchen supplies, hardware supplies. Pet supplies, toys, and automotive supplies.<br />• The appealing environment that is safe and sound attracts the customers to shop at the quality places.<br />• The stores of the company are so divided to satisfy the type of customer at that location through it differentiated division such as Super Target, Urban Stores and Target Green lands.<br />• Target Corporation running different type of stores such as Target Green lands, Super Target, and Urban Stores.<br />• The differential product strategy emphasizes more on quality products than that of discounted ones; this policy makes it different from its market rivals like K-Mart and Wal-Mart.<br />• The attraction of the customers is based on The Company being top gift card seller in United States.<br />• The company has been well known for its charity especially for educational institutes in United States.<br />Weaknesses<br />• The demographic focus is just on America neglecting the need of international presence.<br />• The company has somewhere lost its attention on marketing plan because of intensive involvement in resolving out the Lawsuits.<br />• The over emphasis upon the quality makes its products rather expensive than the Wal-Mart.<br />• The company does not provide attractive wages to the employees; insurances and certifications regarding labors are missing.<br />• The brand popularity is comparatively low than its competitors.<br />• The atmosphere inside the Malls is too silent to shop.<br />• The brands sold out are sometimes complaint to be over dated.<br />Opportunities<br />• The announcement of the company’s expansion to Canada by acquiring the Canadian Zeller’s chain. It is estimated that through this 100 to 150 stores would open up there facilitating the profitability for the company and facility to the customers out there.<br />• The focus to reduce the operational cost and increasing the revenue ratios.<br />• The private labeled products on the way to increase commendably as they are more focused by the customers as well.<br />Threats<br />• Very tough competition with K-Mart and Wal-Mart as both of them share the same place of service and almost same product range.<br />• The inflation forcing out the consumers to move towards low price rather than better quality.<br />• The interest rates increasing with increase in government taxes.<br />Competitors<br />Wal-Mart<br />- Largest retail chain in the world<br />- Mission: “Always low-prices!”<br /> Costco<br />- Largest wholesale club operator in the U.S.<br />- “To continually provide members with quality goods and services at the lowest prices possible.”<br /> K-Mart<br />- #3 discount retailer in the U.S.<br />- “To become the discount store of choice for middle-income families with children by satisfying their routine and seasonal shopping needs.” <br />Company Description<br />Purveyor of all that is cheap, yet chic, Target Corporation is the nation's #2 discount chain (behind Wal-Mart). The fashion-minded discounter operates more than 1,750 Target and SuperTarget stores in 49 states, as well as an online business called Target and its larger grocery-carrying incarnation, SuperTarget, have carved out a niche by offering more upscale, fashion-forward merchandise than rivals Wal-Mart and Kmart. Target also issues its proprietary Target credit card, good only at Target. After a reversal in fortune that coincided with the onset of the deep recession in the US, Target is growing its grocery business, remodeling stores, and -- in a few years -- entering the Canadian market. <br />Target Corporation Company Profile <br />Purveyor of all that is cheap, yet chic, Target Corporation is the nation's #2 discount chain (behind Wal-Mart). The fashion-minded discounter operates more than 1,750 Target and SuperTarget stores in 49 states, as well as an online business called Target and its larger grocery-carrying incarnation, SuperTarget, have carved out a niche by offering more upscale, fashion-forward merchandise than rivals Wal-Mart and Kmart. Target also issues its proprietary Target credit card, good only at Target. After a reversal in fortune that coincided with the onset of the deep recession in the US, Target is growing its grocery business, remodeling stores, and -- in a few years -- entering the Canadian market. <br />Competitive Landscape<br />Health and nutrition trends and consumer spending drive demand. The profitability of individual companies depends on product innovation, effective merchandising, and competitive pricing. Large companies have advantages in purchasing, distribution, finance, and marketing. Small companies can compete effectively by providing superior customer service, offering unique products, serving a local market, or leveraging online sales. The industry is labor-intensive: average annual revenue per employee is less than $140,000. Health supplement stores compete with discount stores, supermarkets, drugstores, mail order and Internet retailers, health food stores, and direct sellers of supplements.<br />