a strong network of over 2,250 service locations spread across India, over Rs 233 billion loan assets under management; over Rs 1,250 bn wealth assets under advice, management and distribution; over 500 stocks under research and more than 300 of the world's top institutional investors relying on IIFL's research. Involvement in NSEL case IIFL along with few other top brokers have been accused of various irregularities on NSEL. Agencies including EOW-Mumbai and SFIO have found the top 5 brokers including IIFL guilty of misselling NSEL contracts, KYC manipulation, client code modification, benami transactions & infusion of black money through their NBFCs on the Exchange platform. The EOW had arrested senior employees of three brokerages namely IIFL, Motilal Oswal & Anand Rathi in March, 2015. This was followed by the market regulator, SEBI issuing multiple show-cause notices to the brokers in 2016, 2017, 2018 & 2019 respectively. The EOW-Mumbai in its supplementary charge sheet has also accused the three brokerages IIFL, Motilal Oswal & Anand Rathi of cheating clients. In February 2019, SEBI declared IIFL and Motilal Oswal ‘not fit and proper’ as commodity derivative brokers based on the recommendations of SFIO & EOW's report. Funding India Infoline Finance is a subsidiary of IIFL Holdings Ltd which in 2020, raised ₹100 Crore by issuing non-convertible debentures. Awards and recognition IIFL has been awarded by Euromoney for the Best Private Banking Services Overall in India for 2017. It has also been adjudged as the Best Private Bank in India at the Global Finance Best Private Bank Awards in 2017. Euromoney awards IIFL for Best Private Banking Services - India, 2017. ET Now - Dealing Room Heroes, 2017. References External links India Infoline Official website — Indiainfoline.com Financial services companies of India Financial services companies based in Mumbai Indian companies established in 1995 Brokerage firms 1995 establishments in Maharashtra Financial services companies established in 1995 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange