Nirmal Jain

Managing Director, IIFL Finance

Mr. Nirmal Jain, Founder 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, Ahmadabad, a rank holder Chartered Accountant and a Cost Accountant.  Under Mr Nirmal Jain's visionary direction, today IIFL is one of the largest financial services firms in India with three distinct listed businesses – IIFL Finance, 360 ONE (IIFL Wealth) and IIFL Securities. The group companies are backed by marquee global investors like Fairfax Group, Bain Capital and The Capital Group among others. IIFL Group has a customer base of over 10 million. Mr Jain is also the founder of 5paisa.com, India’s only listed discount broker. The Economic Times recognizes Mr Jain and one of the most promising business leaders in Asia. He has received the CA Entrepreneur Leader Award in the Financial Services category from The Institute of Chartered Accountants of India (ICAI) and is recognised among the most successful IIM alumnus by Business Today magazine. Mr. Jain lives in Mumbai with his wife and three children. He is also passionate about contributing to society, especially in the fields of education and healthcare for the under privileged, for which he has setup the IIFL foundation. IIFL Foundation’s flagship project ‘Sakhiyon Ki Badi’, is one of the largest girl child education in India and has already brought 36,000 out of school girls into the education fold in Rajasthan. Mr Jain is an early-stage investor in dozens of fintechs working towards frugal innovations helping large-impact financial inclusion in India.

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