Corporate Governance


IIFL (India Infoline) is committed to placing the Investor First, by continuously striving to increase the efficiency of the operations as well as the systems and processes for use of corporate resources in such a way so as to maximize the value to the stakeholders. The Group aims at achieving not only the highest possible standards of legal and regulatory compliances, but also of effective management.

Nirmal Jain

Mr. Nirmal Jain

Chairman, IIFL Holdings Limited

Mr. Nirmal Jain is the founder and Chairman of IIFL Holdings Limited. He is a PGDM (Post Graduate Diploma in Management) from IIM (Indian Institute of Management) Ahmedabad, a Chartered Accountant and a rank-holder Cost Accountant. His professional track record is equally outstanding. He started his career in 1989 with Hindustan Lever Limited, the Indian arm of Unilever. During his stint with Hindustan Lever, he handled a variety of responsibilities, including export and trading in agro-commodities. He contributed immensely towards the rapid and profitable growth of Hindustan Lever's commodity export business, which was then the nation's as well as the Company's top priority. He founded Probity Research and Services Pvt. Ltd. (later re-christened India Infoline) in 1995; perhaps the first independent equity research Company in India. His work set new standards for equity research in India. Mr. Jain was one of the first entrepreneurs in India to seize the internet opportunity, with the launch of www.indiainfoline.com in 1999. Under his leadership, IIFL Holdings not only steered through the dotcom bust and one of the worst stock market downtrends but also grew from strength to strength.

R Venkataraman

Mr. R Venkataraman

Managing Director

Mr. R. Venkataraman is a Co-Promoter and the Managing Director of IIFL Holdings Limited. Before joining the Board of IIFL Holdings Limited in July 1999, he has held senior managerial positions in ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with J P Morgan of US, BZW and Taib Capital Corporation Limited. He has also served as the Assistant Vice President of G E Capital Services India Limited in their private equity division and possesses diverse experience of more than 22 years in the financial services sector. Mr. Venkataraman holds a Bachelor in Technology (B.Tech) in Electronics and Electrical Communications Engineering from the renowned Indian Institute of Technology (IIT), Kharagpur and a Post Graduate Diploma in Management from the Indian Institute of Management (IIM), Bangalore.

A K Purwar

A K Purwar

Independent Director

Former Chairman, State Bank of India Mr. Purwar was the Chairman of State Bank of India, the largest bank in the country from November 2002 to May 2006 and held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of the Tokyo branch, covering almost the entire range of commercial banking operations in his illustrious career at the bank from 1968 to 2006. He is currently the Chairman of IndiaVenture Advisors Private Limited, the equity fund sponsored by the Piramal Group and independent director in many listed companies in India including Engineers India Limited, Reliance Communications Limited, among others.

C Ratnaswami

C Ratnaswami

Non-Executive Director

MD of Hamblin Watsa, subsidiary of Fairfax Mr. Chandran Ratnaswami is a Managing Director of Hamblin Watsa Investment Counsel Limited, a wholly-owned investment management company of Fairfax Financial Holdings Limited, Canada. Mr. Ratnaswami serves on the Boards of ICICI Lombard General Insurance Company Limited and Fairbridge Capital in India, Ridley Inc. in the United States and Zoomermedia Limited in Toronto, Canada. He is also the Chairman of the Board of Trustees of Lansing United Church in Toronto, Canada.

Geeta Mathur

Geeta Mathur

Independent Director

CFO of Helpage India Geeta Mathur specializes in the area of project, corporate and structured finance, treasury, investor relations and strategic planning. She started her career with ICICI, where she worked for over 10 years in the field of project, corporate and structured finance as well as represented ICICI on the Board of reputed companies such as Eicher Motors, Siel Limited etc. She then worked in various capacities in large organizations such as IBM and Emaar MGF across areas of Corporate Finance, Treasury, Risk Management and Investor relations. She is currently CFO of Helpage India, one of the largest and oldest NPO’s in India working for the cause of the elderly. Ms. Mathur is a certified Chartered Accountant.

Kranti Sinha

Kranti Sinha

Independent Director

Former CEO of LIC Housing Finance Mr. Kranti Sinha served as the Director and Chief Executive of LIC Housing Finance Limited from August 1998 to December 2002 and concurrently as the Managing Director of LICHFL Care Homes. He retired as the Executive Director of LIC. He has also served as the Deputy President of the Governing Council of Insurance Institute of India and as a member of the Governing Council of National Insurance Academy, Pune apart from various other such bodies. He is also an independent director on the Board of Cinemax India Limited and Hindustan Motors Limited.

 Nilesh Vikamsey

Nilesh Vikamsey

Independent Director

Senior Partner at Khimji Kunverji & Co Mr. Nilesh Vikamsey is a Senior Partner at M/s Khimji Kunverji & Co., Chartered Accountants, a member firm of HLB International, a worldwide organisation of professional accounting firms and business advisers, ranked amongst the top 12 accounting groups globally. Mr. Vikamsey is an elected member of the Central Council of Institute of Chartered Accountant of India (ICAI). He is also on the Board of a number of companies like Federal Bank Limited, and SBI Life Insurance Company Limited, among others.

S Narayan

S Narayan

Independent Director

Former Finance Secretary, Former Economic Advisor to Prime Minister Dr. Narayan, IAS (Retd.), served the Government of India as Finance and Economic Affairs Secretary. He was also Secretary in the Departments of Revenue, Petroleum and Industrial Development. Retired as Economic Advisor to the Prime Minister of India, he has rich experience in implementation of economic policies and monitoring of the special economic agenda of the Cabinet on behalf of the Prime Minister`s Office. He is also on the Board of other public limited companies like Apollo Tyres Limited, Dabur India Limited and Godrej Properties Limited, among others.

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