TPG takes a minority stake in IIFL Capital

● GROWTH | FINTECH

JANUARY 7, 2026

TPG takes a minority stake in IIFL Capital

TARGET

Provides equity, commodities, and currency broking plus investment banking and wealth management services in Indian primary and secondary capital markets to institutional investors, HNIs, and retail clients.

Ownership	Founder-owned
Headcount	1,558 FTEs
Headquarters	Mumbai, India
Leadership	R. Venkataraman, Managing Director
Sell-side advisor	—

INVESTOR

TPG

Global alternative asset manager and private equity firm

Ownership	—
Buy-side advisor	—

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TPG -> IIFL Capital  (2026-09-11)
minority_investment | FinTech | announced
Target: Provides equity, commodities, and currency broking plus investment banking and wealth management services in Indian primary and secondary capital markets to institutional investors, HNIs, and retail clients.
Website: iiflcapital.com | Buyer site: tpg.com
HQ: Mumbai, India | Ownership: founder-owned
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/tpg-iifl-capital.html

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