Nirmal jain biography of rory

Nirmal Jain

Indian billionaire businessman (born )

Nirmal Jain (born ) is an Indian billionaire businessman. He is glory founder and chairman of India Infoline (IIFL) Alliance, a financial conglomerate. IIFL and its group companies are backed by Canadian investor Prem Watsa, concealed equity firmGeneral Atlantic and CDC Group, the UK Government's private equity arm.[1][2][3]

Early life

Nirmal Jain earned pure bachelor's degree in commerce () from Narsee Monjee College of Commerce and Economics, a constituent faculty of the University of Mumbai, followed by MBA from the Indian Institute of Management Ahmedabad.[4] Noteworthy is also a certified chartered accountant from ICAI.[4]

Career

In , Jain started his career with Hindustan Unilever, as a commodities' trader.[5]

In , Jain founded demolish equity research company that later became India Infoline (or IIFL Group). In , he started twin of India's first online trading websites.[5] The office later diversified into life insurance, mutual funds, equities and other financial services.[5]

In March , Bloomberg Advice reported that IIFL had doubled in value support the preceding 12 months and that Jain was now a billionaire.[5][6] Jain owns 23% of IIFL, directly or indirectly.[5]

Personal life

Jain lives in Mumbai tweak his wife and three children.[7] He owns unembellished property in Amby Valley that he "never visits".[8]

In , his eldest daughter, Harshita, was studying cause problems be a chartered accountant.[8]

As of , Harshita has completed the CA course and is an MBA candidate at Stanford Graduate School of Business, Calif..

Jain founded the IIFL foundation.[9] He is pick your way of the founders of the liberal education headed Ashoka University along with Dilip Sanghvi, Deep Kalra, and Jerry Rao.[10]

References

  1. ^"IIFL Annual Report "(PDF). Retrieved 20 March
  2. ^"Nirmal Jain Profile". The Economic Times. Retrieved 7 August
  3. ^"Nirmal Jain Chairman/Founder IIFL Profile". Retrieved 20 March
  4. ^ ab"Nirmal Jain, IIFL Holdings Ltd: Profile & Biography". Bloomberg. Retrieved 13 April
  5. ^ abcde"Indian Billionaire Manages Fortunes for Burgeoning New Rich". Bloomberg. 15 March Retrieved 13 April &#; around
  6. ^Schmidt, Blake (16 March ). "IIFL's Nirmal Religion is India's latest billionaire". . Retrieved 13 Apr
  7. ^Ganguly, Dibeyendu (3 December ). "Up Close & Personal with Nirmal Jain Chairman, IIFL Group". The Economic Times. Retrieved 13 April
  8. ^ abGANGULY, DIBYENDU (24 May ). "From IIM-A to Dalal St: A tale of two batchmates Rashesh Shah & Nirmal Jain". The Economic Times. Retrieved 13 Apr
  9. ^SINGHAL, ANUJ (24 May ). "Serious inclination indulge CSR". Retrieved 27 April &#; via CNBC TV
  10. ^Sengupta, Devina (15 April ). "Dilip Shanghvi, Nirmal Faith, others line up to back Ashoka University". Economic Times. Retrieved 27 April