Blackstone Invests ₹5,000 Cr In IIFL Finance: CFO Vikas Jain On 25% Growth Target, Gold Loans & More
NDTV Profit · 11 Nov 2026 · 10 min
Management interview of IIFL Finance Ltd (IIFL), with 12 key numbers discussed.
- Vikas Jain, CFO, IIFL Finance
IIFL Finance's board has approved a fund raise of Rs 6,400 cr, comprising Rs 5,000 cr from Blackstone and Rs 1,260 cr from founders. The capital infusion will reduce leverage from 4.8x to 2.8x, providing significant growth headroom. Around 70% of the funds will be utilized for expanding gold loans and MSME secured business, while 30% will go toward debt repayments. The company expects fund deployment within 1 to 1.5 quarters post-infusion and targets 20-25% annual growth through FY29.