Mr. Nirmal Jain is the Founder and Chairman of IIFL Holdings Limited. He started his career in 1989 with Hindustan Lever Limited, handling 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. 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. Mr. Jain’s educational background is equally noteworthy. He holds a Bachelor in Commerce from the University of Mumbai and a Post Graduate Diploma in Management (PGDM) from the Indian Institute of Management (IIM), Ahmedabad. He is also a Fellow Member of the Institute of Chartered Accountants of India (held the 2nd rank) and a Cost Accounting rank-holder.
- FY16 to FY20 - Doubling of revenue and 2.5x profit and target to raise ROE from 17.3% to 24%
- Adequately capitalized to sustain volume growth
- Margin improvement to be driven by
- Rating upgrade to help lower cost of funds
- circleCost optimization