Nirmal Jain, Founder, IIFL Group and Managing Director, IIFL Finance said, "The ratings outlook upgrade vindicates our growth strategy focused on retail loans to relatively under-banked customer segments and strong financial performance." Kapish Jain, President & Group Chief Financial Officer of IIFL Finance, said, "The upward outlook revision is a confirmation to our consistent and robust financial performance and validation of our sound business model." IIFL Finance offers gold loan, affordable home loan, microfinance loans and business loans and has consolidated assets under management of Rs 73,066 crore as on September 30, 2023, making it one of the largest retail-focused non-banking finance companies in India. IIFL Finance is present across India through over 4,400 branches and multiple digital platforms catering primarily to the credit needs of unbanked and underbanked small entrepreneurs.