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.

Mr. Nirmal Jain

Mr. Nirmal Jain

Chairman, IIFL Finance Limited

Mr. Nirmal Jain is the founder and Chairman of the Company. He holds a PGDM (Post Graduate Diploma in Management) from the Indian Institute of Management (IIM), Ahmedabad and is a rank holder Chartered Accountant and a Cost Accountant. He started his career in 1989 with Hindustan Lever Limited. He founded Probity Research and Services Private Limited (later renamed as India Infoline Limited) in 1995; one of the first independent equity research companies in India. He was instrumental in steering the groups foray into various financial sector activities that have grown over the years into significant businesses in terms of net worth and profitability. Under his leadership, IIFL Group has attainted its position as a dominant and diversified player in the financial services space over the past 24 years.

Mr. R Venkataraman

Mr. R Venkataraman

Managing Director

Mr. R. Venkataraman is the Co-Promoter and Managing Director of the Company. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bangalore and Bachelor in Electronics and Electrical Communications Engineering from IIT Kharagpur. He joined the 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 20 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 28 years in the financial services sector.

Mr. A. K. Purwar

Mr. A. K. Purwar

Independent Director

Mr. Purwar is currently the Chairman of Tadas Wind Energy Private Limited as well as Eroute Technologies Private Limited. He also works as an independent director in leading Companies across diverse sectors, viz. Power including Solar, Wind, Thermal & Gas based power projects, Steel, Pharmaceuticals, Telefilms, Engineering Consultancy, Financial Services as well as Fintech. He also acts as an Advisor to Mizuho Securities, Japan. Mr. Purwar was the Chairman of State Bank of India the largest Bank in the country from November, 2002 to May, 2006. He held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of Tokyo Branch covering almost the entire range of commercial banking operations in his long and illustrious career at the Bank. He was also associated in setting up of SBI Life. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005-2006. He has received CEO of the year Award from The Institute of Technology and Management (2004), "Outstanding Achiever of the year" award from Indian Banks' Association (2004) "Finance Man of the Year" Award by the Bombay Management Association in 2006.

Mr. Chandran Ratnaswami

Mr. Chandran Ratnaswami

Non-Executive Director

Mr. Chandran Ratnaswami, is a Non-Executive Director of the Company. He is the Managing Director of Hamblin Watsa Investment Counsel Limited, a wholly owned investment management company of Fairfax Financial Holdings Limited. He is a director and CEO of Fairfax India Holdings Corporation. Mr. Ratnaswami serves on the Boards of, among others, Quess Corp Limited, Bangalore International Airport Limited, National Collateral 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. Mr. Ratnaswami holds a Bachelor’s degree in Civil Engineering from IIT Madras, India and MBA from the University of Toronto, Canada.

Ms. Geeta Mathur

Ms. Geeta Mathur

Independent Director

Ms. Geeta Mathur is a Chartered Accountant and a graduate in commerce from Shriram College of Commerce, Delhi University. She specialises 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. She represented ICICI on the Board of reputed companies such as Eicher Motors, Siel Limited etc. She is the co-chair for the India Chapter of Women Corporate Directors Foundation, a global organisation working towards increasing the participation of women on corporate boards and board leadership position.

Mr. Vijay Kumar Chopra

Mr. Vijay Kumar Chopra

Independent Director

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 36 years of experience in banking industry. Some of his accomplishments include being the Chairman and Managing Director in Corporation Bank and SIDBI, 3 years as an Executive Director in Oriental Bank of Commerce and 31 years in various capacities in Central Bank of India.

Mr. Nilesh Vikamsey

Mr. Nilesh Vikamsey

Independent Director

Mr.Nilesh Vikamsey is a senior partner at Khimji Kunverji & Co LLP, an 82-year-old Chartered Accountants firm (converted to LLP w.e.f. 08-05-2019) and member firm of HLB International. He is presently Member of the Advisory Committee on Mutual Funds & Corporate Governance Committee of Securities and Exchange Board of India (SEBI), Quality Review Board established by the Government of India under the Chartered Accountants Act, 1949, Risk Management Committee of Central Depository Services (India) Limited (CDSL), and Subgroup formed by Audit Committee of Coal India Limited (CIL) to consider revaluation of assets of CIL and its subsidiaries as on March 31, 2019.     He is the Past President of the Institute of Chartered Accountants of India (ICAI). He was an observer on board of International Federation of Accountants and Member of IFAC’s Technology Advisory Group. He was a member of IRDA. He was 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.       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 RBI, Comptroller & Auditor General of India (C&AG) and various other organizations.

Mr. Nagarajan Srinivasan

Mr. Nagarajan Srinivasan

Non Executive Director

Mr. Nagarajan Srinivasan is a Managing Director and Head–Asia of CDC India, a wholly owned subsidiary of CDC Group Plc., London, based in Bangalore since 2013. This relates to all CDC’s investments in South Asia for its three lines of activity; Fund of Funds, Direct Equity investments and Debt/Structured Finance. He joined Commonwealth Development Corporation, London in 1990, and was seconded to Africa where he served for about 8 years. He moved to India in 1998 and worked for Actis Private Equity Fund. He has been on the board of several companies as Director and currently he is on the Boards of 9 of the investee companies in India.     Mr. Nagarajan Srinivasan holds MA (Economics) from Madras University and PGDBM from Warwick School of Business and Leadership program from Harvard Business School.

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