Mr. Nirmal Jain, Founder and Chairman of IIFL Group, is a first generation entrepreneur, who is credited with building one of the largest financial services groups in India in just about two decades. He is a PGDM (Post Graduate Diploma in Management) from IIM, Ahmedabad, a rank holder Chartered Accountant and a Cost Accountant.
Nirmal began his career in 1989 with Hindustan Lever Limited (HUL), the Indian arm of Unilever. In 1995, he founded his own equity research company, which is today known as India Infoline or IIFL Group. The company's pioneering work in equity research had set new standards. In 1999, he launched the website www.indiainfoline.com where he made available his research free on the Internet. Nirmal is one of India's first and most successful internet entrepreneurs who not only survived the dot com bust, but also disrupted the Indian equity broking industry with the introduction of cutting edge technology and affordable brokerage. Many attribute him for the taking equity investing to masses through technology access and bringing brokerage cost to reasonably levels.
In 2000, the company forayed into the transaction space, with launch of online trading portal. Under his leadership, the company started diversifying the business model by adding multiple business streams while remaining focussed on the core domain of financial services. Over the years, IIFL forayed into life insurance & mutual fund distribution, Institutional Equities business, Consumer Finance business and Wealth Management businesses. IIFL also expanded globally and has regulated subsidiaries in eight major global financial centers. Nirmal has steered IIFL to one of India's leading financial services groups. He has led the company through financial turmoil, regulatory upheaval and stiff competition from deep-pocketed institutional players.
Under Nirmal's visionary direction, today IIFL has a market capitalization of over Rs 21,000 crores and is backed by marquee global investors like Fairfax Group, private equity major General Atlantic and UK government's private equity fund - CDC Group. IIFL Group has a customer base of four million across 8 countries. The NBFC operation has over 1,100 branches mostly in smaller towns and rural locations. The wealth business manages and advises over Rs 120,000 crores of assets and has over 10,000 wealthiest families as clients. IIFL Institutional Equities caters to over 400 global funds.
Mr. R. Venkataraman, Managing Director and Co-Promoter of India Infoline (IIFL) Group, is a B.Tech in Electronics Engineering from IIT Kharagpur and a MBA from IIM Bangalore. Prior to joining the India Infoline Board in July 1999, he held senior managerial positions in ICICI, Barclays and GE Capital. Mr Venkataraman has been instrumental in IIFL’s rise as a financial conglomerate. Mr Venkataraman is one of the leading thought leaders in Indian financial services industry landscape and has shared his wisdom through various forums and media platforms. He is an avid runner and a people person.
Mr Aniruddha Dange is the Chief Strategy Officer at IIFL group with focus on process optimization and digitization. Previously, he served as the Head of Research, Institutional Equities at India Infoline Ltd. Mr. Dange was also employed at RBS Research, CLSA Limited and ICICI Securities Ltd. Mr Dange is an Alumnus of IIT Bombay and IIM Kolkata and has over two decades of experience.
Mr. Monu Ratra is the CEO of India Infoline Housing Finance Ltd. Mr Ratra is a veteran in the mortgages industry with nearly two decades of experience. Mr Ratra has been associated with brands like HDFC Ltd., ICICI Bank and Indiabulls Housing. Prior to joining India Infoline Housing Finance Ltd., his last assignment was with Indiabulls HFC as National Business Manager. Mr. Ratra has been a part of the pioneering teams leading various functions to provide excellence through process and quality initiatives, contributing to industry-leading growth. While with the last company, his efforts and vision led to building of a growth sales structure, starting from a scratch, in a start up like environment.
At IIFL Home Loans, Mr. Ratra brings strong focus on developing and delivering customer satisfaction with ease and low turnaround time. Mr Ratra is passionate about building stronger businesses, adapting and aligning company with new technology and digital era, and maintaining everlasting culture of customer centricity.
Mr Abhimanyu Sofat is the Vice President of Research at IIFL. He was previously the Co-Founder at AdviseSure.com, a smart wealth management service platform. Mr Sofat has over a decade of experience in research, fund management, personal finance and has appeared/published in top media like CNBC TV18, ET NOW, Forbes, Bloomberg, Economic Times etc.
Vivek Law is Founder, CEO & Editor-in-Chief, The MoneyMile, a digital video platform to demystify money.
An award-winning journalist who has, in his career of more than 23 years, worked across the biggest print and television brands, in his latest avatar, the senior business journalist drives the video-first digital content platform for Indians seeking insight and financial advice on personal wealth.
In his print career spanning a decade, he has worked with The Economic Times, Business Standard, The Financial Express and India Today.
He has also served as Consumer Affairs Editor at CNBC TV18 and CNBC Awaaz, and Editor, Bloomberg TV India for 4 years, before moving to the India Today Group as Editor-Business Television. Shows he has anchored across these TV brands, in English and Hindi, include Uncovered, Pardafash, Pehredar, Smart Money, Money's Best Friend, Market Guru, Big Story, Courtroom, Fightback for Your Rights and Dhan Daulat.
Vivek has served on the boards of FPSB and NBSA. He is also author of The Money Book (Rupa, 2016).
Mr Sanjiv Bhasin has been with India Infoline Ltd since May 2015 and is presently the EVP (Markets & Corporate Affairs). He has over 30 years of experience in almost all domains of Capital Markets which includes: Merchant/Investment Banking/broking/fund management/arbitrage/derivative quantitative funds/research and so on. Previously, he was running the "Prop" book for Deutsche Bank A.G at Hong Kong for 5 years & has worked as a Consultant on equity markets @ NDTV PROFIT for over 4 years. Also, he was the lead faculty at ICICI Center for Financial learning for over last 4 years with almost 150 financial domain knowledge workshops being conducted over PAN India basis to retail & institutional clients from top Universities such as IIT Kanpur, IIM Rohtak, FMS/ SRCC Delhi University, IIFT/IMI Qutab Institutional Area, IMT Ghaziabad, Jaipuria Institute of management Noida, Bhartiya Vidyapeeth Paschim vihar, and MDI Gurgaon.
Mr. Himanshu Jain is the Chief Executive Officer of IIFL Wealth Finance Limited. A Career Banker with more than 15 years of experience of setting up & scaling the NBFC Lending Business including defining Products & Governance structure. A lending banker covering onshore India, worked with IL&FS, Citigroup, Merrill Lynch and Morgan Stanley.
Mr. Hadrien Mendonca is Senior Technical Analyst at IIFL. He is an MBA in Finance and has over a decades experience in the Indian equity markets. His specializations include technical analysis, identifying momentum/swing trades and recommending investment ideas. His interactions with HNIs entailed investor meets, including provision of advice, apart from handling pan-India con-calls. His critical analysis helped him capture the March 2017 breakout on Nifty and Bank Nifty, thus delivering more than 11% and 16% returns respectively. His intra-day recommendations and delivery ideas have earned accolades from clients. Over the years, he has serviced the institutional desk and has held investment meets across India, helping clients get a better understanding of technical analysis to aid their day-to-day trade.
Nishant is a Chartered Accountant and a Company Secretary with 15+ yrs of experience in the Retail lending space and has handled multiple product suites across Business Development, Sales, Product and Credit. Prior to joining IIFL, he has also worked with Tata Capital, ICICI Bank & Time of Money Ltd where he has handled multiple roles and responsibilities for Business Loans, Loan Against Securities and Consumer Durable Loans at different points in time.
Mr.Saurabh Kumar is Business Head for Gold Loans at IIFL. He has more than 16 years of experience and has worked with leading organisations such as ICICI Bank, Muthoot Finance, Godfrey Philips and UB Group. He has worked extensively in the Gold loans, MSME and financial inclusion segments. With his grounding in agriculture sector, he brings with him a strong understanding of rural consumers, farmers and MSME customers’ needs and challenges inherent to the sector. He is passionate about leveraging technology to build scale and sustainable solutions for development.
Mr. Md Shahid has been with IIFL since October 2014 and is presently the Product Head and Director in Insurance. He is a strategy professional with 6 years of experience in financial services and management consulting. In IIFL, he worked on key strategic projects in CEO Office like venturing into new business, new product and other initiatives for the existing businesses. Prior to IIFL, he was part of Management Consulting in PricewaterhouseCoopers (PwC) focusing on business strategy, deal advisory in post merger integration. He is a CA, CFA (US) and B-Com (Hons) from St. Xavier’s Kolkata.
Mr. Apoorva Tiwari is the Chief Operating Officer at IIFL Holdings and focuses on strategy and transformation. He has been with the group since 2016. Apoorva is currently aligned with the Retail Broking division in order to bring their FY2020 vision to life. He takes special interest in improving customer experience across the division using a combination of process design and new technologies. Apoorva is an alumnus of IIM Ahmedabad and brings with him a professional experience of over 15 years and has worked with global financial services companies like Morgan Stanley and Deutsche Bank.
Mr. Chintan Modi is the Executive Vice President with IIFL and handles Commodity and Currency. He has more than 17 years of experience and is an MBA (Finance) and Cost Accountant.
Ms. Garima Nahar is the General Counsel and Chief Anticorruption Officer at IIFL Finance and has been instrumental in setting up the legal team focusing on NBFC business and strategy. She has been with the group since 2015. She is a legal professional having over 14 years of divergent experience in various banking and financial transactions. She is also a gold medallist, and holds a B.A.LL.B (Hons.) degree from National Law Institute University, Bhopal. She has worked with ICICI Bank and Davis Polk & Wardwell LLP at New York where she extensively worked and focused on capital markets, treasury, derivatives, structured financial products and regulatory practice.
Mr. Ritesh Jain is the Partner & Senior Fund Manager - Fixed Income at IIFL Asset Management. As the head of the Fixed Income business, he is responsible for expanding the firm’s fixed income product suite. Ritesh has over 18 years of experience in the financial services industry with a distinguished and consistent track record in the Indian Fixed Income markets. In his last assignment, he served as the Fixed Income Head at DHFL Pramerica Asset Managers. His earlier roles include stints at Morgan Stanley Investment Management and PNB Principal Assets managers. He holds a Postgraduate Degree in Business Administration (Finance) from K.J. Somaiya Institute of Management Studies and Research, Mumbai and a Bachelor’s degree in Commerce.
Mr. Anurag Solanki brings over 17 years of exposure in Real Estate, Telecom & Banking services with names like GE Capital, Vodafone, ABN Amro Bank and Standard Chartered Bank in Direct, Corporate and Government Sales. Anurag heads Developer Funding for Northern India at IIFL and has overseen investments exceeding USD 600 million across NCR, Jaipur, Chandigarh and Lucknow.
Mr. Hiten Jain is the NRI Product Head at India Infoline Ltd. He has 10 years of rich experience in Product and Operations. Prior to joining IIFL, he worked as NRI Product Manager at Axis Bank and handled multiple operations roles and responsibilities at ICICI Bank. He studied BE from K.J. Somaiya College of Engineering, Mumbai
Mr. Prashasta Seth is the Chief Investment Officer, IIFL Asset Management Ltd. Prashasta is currently responsible for all the equity funds managed by IIFL AMC Ltd. He has been with IIFL since 2008 and has been instrumental in setting up and growing the equity desk at IIFL Investment Managers. Prashasta has over 16 years of experience in the financial services industry. Mr. Seth has been managing and advising pooled assets and client portfolios specifically focusing on developing investment strategies, generating stock ideas and creating actionable research reports. His previous assignments include a stint in J.P. Morgan, London and heading Irevna (a Standard & Poor’s company). Prashasta is a PGDBM from IIM Ahmedabad and a B Tech from IIT Kanpur.
Ruchi Sharma is the Senior Vice President, IIFL Investment Adviser and Trustee Services Limited. Ruchi is a part of the IIFL IATSL team actively involved in advising clients on estate planning structures to formalise strategies, which ensure family succession and business continuity. She is also responsible for building strategies for identifying and exploring new opportunities in the area of Wealth Structuring Solutions within the framework of Indian laws, International laws, Global tax laws and Exchange Control regimes. Ruchi is a post graduate (MMS) from Mumbai University with over 15 years of work experience that includes Estate and Planning, Private Banking & International Funds Management.
Mr. Devansh Mehta has over 9 years of experience in Mutual Fund Research, Investment Advisory and Products. He joined IIFL in May 2017 as Senior Investment Advisor - Senior Manager for Mutual Funds and Products. Prior to IIFL, he worked with Axis Bank and Axis Capital Ltd. (erstwhile Enam Securities Pvt. Ltd.). He holds a PGDM - Finance from FLAME University (Pune).
Mr. Jayanth Ranganathan has been working as Executive Vice President with IIFL Securities since December 2009. Prior to this, he was with Kotak Securities as the Senior Vice President (1997-2009). He has also worked with CITI Bank (1995 – 1997).