Board of Directors
  • 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.

  • Mr. R. Venkataraman
    Managing Director, IIFL Holdings Limited

    Mr. R Venkataraman, Co-Promoter and Managing Director of IIFL Holdings Limited, is a B.Tech (electronics and electrical communications engineering, IIT Kharagpur) and an MBA (IIM Bangalore). He joined the IIFL Holdings Limited Board in July 1999. He previously 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 was also the Assistant Vice President with G E Capital Services India Limited in their private equity division, possessing a varied experience of more than 19 years in the financial services sector

  • Mr. Arun Kumar Purwar
    Independent Director of IIFL Holdings Limited since March 2008

    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.

  • Mr. Chandran Ratnaswami
    Non Executive Director of IIFL Holdings Limited since May 2012

    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.

  • Mr. Kranti Sinha
    Independent Director of IIFL Holdings Limited since January 2005

    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 an independent director on the Board of Cinemax India Limited and Hindustan Motors Limited.

  • Mr. Nilesh Vikamsey
    Independent Director of IIFL Holdings Limited since February 2005

    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). Mr. Vikamsey is also on the Board of a number of companies like Federal Bank Limited, and SBI Life Insurance Company Limited, among others.

  • Dr. Subbaraman Narayan
    Independent Director of IIFL Holdings Limited since July 2012

    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.

  • Ms Geeta Mathur
    Independent Director of IIFL Holdings Limited since September 2014

    Geeta Mathur, a Chartered Accountant, 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 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 in India working for the cause of the elderly.