Author name: Beno Thomas Bobby

Announcements

Board of Directors

Starting with the new fiscal year 2024-25, we extend a warm welcome to our esteemed new board of directors at IIFL Samasta Finance! We are thrilled to announce the addition of Dr. Govinda Rajulu Chintala, former Chairman of NABARD, who joins us as the independent director and Chairman of the Board. Alongside Dr. Chintala, we welcome Mr. Kalengada Mandanna Nanaiah, former Managing Director of Equifax Credit Information Services, Mr. Nihar N Jambusaria, former President of Institute of Chartered Accountants of India (ICAI), and Mr. R. Venkataraman, co-promoter of IIFL Group, to our board. Mr. Venkataraman assumes the role of Additional (non-executive Director), while Dr. Chintala, Mr. Jambusaria, and Mr. Nanaiah serve as Additional (Independent Director). We look forward to their valuable contributions and leadership as we embark on this exciting journey together.

Awards

Best Women Empowerment Initiative of the Year

We have been awarded the “Best Women Empowerment Initiative of the Year” at the Global CSR and ESG Awards 2024! This esteemed recognition celebrates our dedication to empowering women through financial literacy and inclusion, scholarships for girls, and support for rural women microentrepreneurs.

Awards

Most Preferred Workplaces – 2024-25

We have been recognized as one of the ‘Most Preferred Workplaces of 2024-25’! This prestigious honor highlights our commitment to Employee Centricity, Organizational Purpose, Diversity, Equity, and Inclusion, along with our efforts in Reskilling and Upskilling, Career Development and Rewards, and promoting Work-Life Balance.

Job Listing

Corporate Audit

Job Description: Responsible to conduct the internal audit of functional departments as per the audit schedule Drafting of audit report, root cause analysis, recommendation to the process gaps identified Timely completion of audit assignments by ensuring the audit objectives achieved Performing the audit conclusion discussion and finalizing the audit report   Collecting quality satisfactory compliance report from the audited entities   Experience: Minimum 1 year of working experience in internal audit functionNumber of Open Positions: 1 Qualification:  B.Com / M.Com / MBA (Finance) epartment: Internal Audit

Client Stories

Lakshmidevi leads the way to Financial Independence

On a narrow winding road in the interior areas of Yelahanka, Bangalore, Lakshmidevi runs a tiny shop selling sarees and blouse material. Her shop is easy to find – just look for the brightly coloured sarees hanging on a line alongside a matching array of chips packets. A series of unfortunate events in Lakshmidevi’s life led to her becoming an entrepreneur. Following her son’s failed shamiana business and husband’s stroke, Lakshmi started a small business from home by selling sarees to temples where they are used to decorate the deities. As sales improved, she looked to expand, and with a loan from IIFL Samasta, Lakshmidevi rented a small shop with larger stock of sarees and blouse material. Business is doing well, she says, and her customers are largely devotees visiting temples. She also sells chips to hungry passers by. Lakshmidevi’s income helped pull the family out of their financial distress and has improved their living standards.They built their own home and the business is doing well, she said. Lakshmidevi’s daughter-in-law is studying for a M.A. and plans to work after graduation, and her son is now an auto driver. While her husband has recovered physically, he is still unable to speak. Lakshmidevi’s grandson, Niranjan, a bright-eyed boy with a wide smile, spends his school holidays with his grandparents in the shop, and proudly says he dusts and helps keep the shop tidy. He is a good student and will be going to std. 4 once school reopens in June. His grandmother wants him to study hard and have a promising future. “I want to be an astronaut,” Niranjan says.

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