Leaders
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Meet our Leaders
- Mr. Nirmal Jain Managing Director
- Mr. R. Venkataraman Joint Managing Director
- Mr. Arun Kumar Purwar Chairman & Independent Director
- Mr. Chandran Ratnaswami Non-Executive Director
- Mr. Vijay Kumar Chopra Independent Director
- Mr. Nilesh Vikamsey Independent Director
- Ms. Geeta Mathur Independent Director
- Mr. Ramakrishnan Subramanian Independent Director
- Mr. T S Ramakrishnan Non-Executive Nominee Director
Board of Directors
Mr. Nirmal Jain
Mr. Nirmal Jain founded IIFL Group in 1995. Under his visionary leadership, IIFL Group has grown to become one of the leading financial services players in post liberalized India with a combined market capitalization of US$ 4.2 Billion serving over 14 Million diverse customers in wealth & asset management, consumer lending, securities trading & discount broking spaces. With an impeccable track record of governance and growth, the Group has attracted marquee investors and won accolades internationally. Mr. Jain has been a pioneer in technology led disruptions in financial services space creating new standards in securities trading, consumer finance, wealth and asset management. He is also one of leading proponents of financial inclusion and financial literacy in India. He holds a PGDM (Post Graduate Diploma in Management) from the Indian Indian Institute of Management, Ahmedabad (IIMA) and is a rank holder Chartered Accountant and Cost Accountant. He started his career in 1989 with Hindustan Unilever Limited and founded IIFL Group as an independent equity research Company in 1995. He has close to three decades of experience in spearheading diverse businesses in the financial services sector.
Board of Directors
Mr. R. Venkataraman
Mr. R. Venkataraman is the Co-Promoter and Joint Managing Director of the Company. He holds Post Graduate Diploma in Management from the Indian Institute of Management (IIM), Bangalore and Bachelor in Electronics and Electrical Communications Engineering from IIT Kharagpur. He joined our Company’s Board in July 1999. He has been contributing immensely in the establishment of various businesses and spearheading key initiatives of the Group over the past 24 years. He previously held senior managerial positions in ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with J P Morgan of US and Barclays –BZW. He worked as an Assistant Vice President with G E Capital Services India Limited in their private equity division. He has a varied experience of more than 31 years in the financial services sector.
Board of Directors
Mr. Arun Kumar Purwar
Mr. Arun Kumar Purwar is the Chairman and Independent Director of IIFL Finance, Jindal Panther Cement as well as ERoute Technologies Pvt. Ltd. He is as an Independent Director in companies across diverse sectors like Finance, Pharma, Media, Engineering consultancy, Investment Banking, Fintech sectors. He also acts as an advisor to Mizuho Securities, Japan. He was Chairman of the State Bank of India (‘SBI’) from 2002 to 2006 and Chairman of the Indian Bank Association during 2005 to 2006. He has previously held positions such as Managing Director of State Bank of Patiala and was also associated in the setting up of SBI Life. Post his retirement from SBI, he was associated with a leading industry house in setting up the first healthcare focused private equity fund as well as a non-banking finance company focused on funding real estate projects as well as educational institutions. He has won a number of awards, including the CEO of the year award from the Institute of Technology and Management (2004), ‘Outstanding Achiever of the Year’ award from the Indian Banks’ Association (2004) and ‘Finance Man of the Year’ Award by the Bombay Management Association in 2006.
Board of Directors
Mr. Chandran Ratnaswami
Mr. Chandran Ratnaswami is a Non-Executive Director of our Company. He is the Chief Executive Officer and Director of Fairfax India Holdings Corporation, a company listed on the Toronto Stock Exchange and is also a Managing Director of Hamblin Watsa Investment Counsel Limited, a wholly owned investment management company of Fairfax Financial Holdings Limited. Mr. Ratnaswami serves on the Boards of, among others, Chemplast Sanmar Limited, Quess Corp Limited, Bangalore International Airport Limited, National Commodities Management Services Limited, Go Digit General Insurance Limited, Thomas Cook (India) Limited, Fairbridge Capital Private Limited in India, Zoomer Media, Fairfax India Holdings Corporation in Canada, Thai Reinsurance, Thailand, and Fairfirst Insurance Limited, Sri Lanka. He holds a Bachelor’s degree in Civil Engineering from IIT Madras, India and an MBA from the Rotman School of Management, University of Toronto, Canada.
Board of Directors
Mr. Vijay Kumar Chopra
Mr. Vijay Kumar Chopra is a fellow member of the Institute of Chartered Accountants of India. He was the whole-time member of SEBI for two years; prior to that he has been a career banker and has held several top positions during his 37 years of experience in banking industry. Some of his accomplishments include being the Chairman and Managing Director at Corporation Bank and SIDBI, 3 years as an Executive Director at the Oriental Bank of Commerce and 31 years in various capacities at the Central Bank of India.
Board of Directors
Mr. Nilesh Vikamsey
Mr. Nilesh Vikamsey is a senior partner at KKC & Associates LLP– an 86-year-old Chartered Accountants firm. Mr. Vikamsey is Committee member of organisations like Indo American Chamber of Commerce, Bombay Chartered Accountants’ Society (BCAS), the Chamber of Tax Consultants (CTC). He is a trustee in ‘Sayagyi U Ba Khin’ Memorial Trust (Vipassana International Academy, Igatpuri) & few educational trusts in Mumbai. He is presently a member of the Advisory Committee on Mutual Funds & Corporate Governance Committee of Securities and Exchange Board of India (SEBI), Risk Management Committee of Central Depository Services (India) Limited (CDSL), and Expert Advisory Committee of Institute of Chartered Accountants of India (ICAI). He was the President of ICAI in the past. He was an observer on the Board of International Federation of Accountants and Member of IFAC’s Technology Advisory Group. He was the Past Chairman of Federal Bank Limited and member of IRDA. He was the Chairman of SEBI’s Qualified Audit Report Committee and member of Corporate Governance Committee chaired by Uday Kotak, Primary Market Advisory Committee and Committee on Disclosures and Accounting Standards (SCODA). He was member of International Auditing and Assurance Standards Board (IAASB) Reference Group for Audits of Less Complex Entities. He is a Speaker/Chairman, at various seminars, meetings, lectures held by various Committees, Regional Councils, Branches & Study Circles of ICAI, Bankers Training College of the RBI, Comptroller & Auditor General of India (C&AG) and various other organizations.
Board of Directors
Ms. Geeta Mathur
Ms. Geeta Mathur, a Chartered Accountant, has worked as a banker both on the asset side and risk side and with large corporate treasuries and investor relations. She started her career with ICICI, where she worked for over 10 years in the field of project, corporate and structured finance as well represented ICICI on the Board of reputed companies such as Eicher Motors, Siel Limited among others. She has developed, reorganised, streamlined and led large national teams. She transitioned from the corporate sector to the development sector as CFO of Helpage India, where besides successful implementation of Oracle ERP and setting up processes for budgeting and MIS, she was consistently awarded by the Institute of Chartered Accountants and South Asian Federation of Accountants for best presentation and transparency in accounts. She has worked in various capacities in large organisations such as IBM and Emaar MGF across areas of Corporate Finance, Treasury, Risk Management and Investor Relations. She currently serves as an independent director in various large organisations across manufacturing and services such as Motherson Sumi Wiring India Limited, Infoedge Ltd and NIIT Ltd. She also co-chairs the India chapter of Women Corporate Directors Foundation, a global membership organization and community of women corporate directors with a mission to foster a powerful, trusted community of influential women corporate directors. She is a graduate in Commerce from the Shriram College of Commerce, Delhi University and did her articleship with the Price Waterhouse while pursuing her Chartered Accountancy.
Board of Directors
Mr. Ramakrishnan Subramanian
Mr. Ramakrishnan Subramanian is a Chartered Accountant, Cost Accountant and Masters in Commerce. He has served several leading Banks, FIs in leadership roles since 1990 in India and abroad. He has also served as a Boards member of ING Vysya Bank and Shriram Capital, Shriram Transport, Shriram City Union, in the past apart from having done senior Executive roles such as CEO, MD, Country Head, Asia Regional head roles in domestic and international banks. He is currently engaged as a Sr. Advisor, Operating Partner, Consultant with PE, VC, FIs and Fintech in India. Within financial sector services, his deep expertise and experience are in Retail Financing – Mortgage, LAP, Personal Loans, Business Loans, SME, LAS, Gold, Auto, CV/CE, Securitisation. He has worked in senior capacities involving Strategy, Board, Governance coupled with strong track record on execution across functions covering Channels, Product, Pricing, Portfolio management, Funding, Credit policy, Credit underwriting, Collections management of large Universal banks, Non-Banking Fianncial Companies (‘NBFCs’) and Fintech.
Board of Directors
Mr. T S Ramakrishnan
Mr. T S Ramakrishnan is currently the Managing Director & Chief Executive Officer of LIC Mutual Fund. Prior to taking over as MD & CEO of LIC Mutual Fund, he was General Manager at LIC Housing Finance Ltd, one of the largest housing finance companies in India. Mr. Ramakrishnan started his career as a direct recruit officer with LIC of India in 1988 and has risen through the ranks to this position. In a career spanning over three decades in the corporation, Mr. Ramakrishnan has made his mark in the areas of training, Marketing and Pension & Group business. He has served as Regional Head of Pension & Group business of LIC’s South Central Zone. He was the Senior Divisional Manager in-charge of Delhi Division. He has also had a stint as Vice Principal in Zonal Training Centre. Mr. Ramakrishnan holds a B.Com(Hons) degree from the University of Delhi and a Post Graduate Diploma in Management. He is a Fellow of the Insurance Institute of India. He also holds a Diploma in Health Insurance. He is also on the board of AMFI (Association of Mutual Funds in India).