IIFL Capital Services Limited has received a Certificate of Registration from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a Corporate Agent (Composite), marking a significant expansion of its business capabilities in the financial services sector.

Regulatory Approval Details

The company informed stock exchanges on December 23, 2025, about receiving the IRDAI approval under Regulation 30 of SEBI Listing Regulations. The certificate enables IIFL Capital Services to act as a Corporate Agent (Composite) with comprehensive insurance distribution capabilities.

Business Impact and Capabilities

The IRDAI license enables the company to solicit and distribute a wide range of life insurance and non-life insurance products, thereby expanding its product offerings and strengthening its service capabilities for customers. This regulatory clearance represents a strategic development that broadens the company's operational scope beyond its traditional brokerage services.

As a Corporate Agent (Composite), IIFL Capital Services can now facilitate various insurance products, potentially increasing its revenue streams and client engagement opportunities. The three-year validity period provides a stable regulatory framework for the company's insurance distribution operations.

Company Profile

IIFL Capital Services Limited, formerly known as IIFL Securities Limited, operates in the stock and commodity brokers sector and is classified as a mid-cap company with a market capitalization of ₹9,943.11 crores. The regulatory approval to function as a corporate agent adds a new dimension to its existing business operations, potentially enhancing its competitive positioning in the financial services market.

The company has fulfilled all regulatory compliance requirements and demonstrated its ability to meet the stringent standards set by IRDAI for corporate agent operations in the insurance sector.

Infomerics Valuation and Rating Limited has assigned an IVRA1+ rating to IIFL Capital Services Limited's ₹3,050 crore commercial paper program, reflecting strong creditworthiness and financial stability of the financial services company.

IIFL Capital Services Limited has secured a positive credit rating for its commercial paper program, strengthening its position in the debt capital markets. The company announced the rating assignment to stock exchanges, demonstrating transparency in its financial communications.

Rating Details and Significance

The rating details are presented below:

The IVRA1+ rating reflects strong creditworthiness and indicates the company's ability to meet its short-term financial obligations. This rating provides confidence to investors and lenders regarding the company's financial stability and operational performance.

Regulatory Compliance and Disclosure

The rating assignment was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework ensures that material information affecting investor decisions is promptly communicated to the market.

The company has provided detailed information about the rating to both BSE Limited and the National Stock Exchange of India Limited. The disclosure includes reference to additional details available through Infomerics' official press release, ensuring comprehensive information access for stakeholders.

Commercial Paper Program Benefits

The ₹3,050.00 crore commercial paper program provides IIFL Capital Services with enhanced financial flexibility and access to short-term funding. Commercial papers serve as an important instrument for managing working capital requirements and supporting business operations in the financial services sector.

The positive rating assignment strengthens the company's ability to raise funds at competitive rates, potentially reducing borrowing costs and improving overall financial efficiency. This development supports the company's strategic objectives and operational requirements in the dynamic financial services market.