Nirmal Jain

Mumbai Billionaire Manages Fortunes For Burgeoning New Rich

India News | Blake Schmidt, Bloomberg | Friday March 16, 2018

Nirmal Jain has hit the jackpot serving the new rich in the world's fastest-growing major economy.

Foreign Investment Board Nod for Watsa's IIFL Investment, No Change in Management

Business | Press Trust of India | Wednesday November 18, 2015

IIFL group Chairman Nirmal Jain has said the completion of the open offer from Prem Watsa-owned Fairfax Holdings, for which the Canadian NRI investor has got the FIPB approval today, will not lead to any change in management of the financial services group.

IIFL Holdings Soars on Fairfax Open Offer For 26% Stake

Business | NDTV | Tuesday July 14, 2015

IIFL Holdings shares jumped more than 20 per cent on Tuesday after billionaire Prem Watsa-controlled Fairfax India announced its decision to acquire 26 per cent in the diversified financial services company.

IIFL Q2 net rises marginally to Rs 66 crore

Business | Thursday October 24, 2013

India Infoline Finance Limited (IIFL) on Thursday reported a marginal 0.8 per cent rise in new profit for the quarter ended September at Rs 66.4 crore.

IIFL Housing Finance appoints S Sridhar as its chairman

Business | Monday October 14, 2013

India Infoline Housing Finance Ltd, the housing finance subsidiary of India Infoline, reported on Monday that it has appointed S Sridhar, former chairman of National Housing Bank and Central Bank of India, as non-executive chairman of the company.

Corporates keen to enter banking space, welcome RBI norms on new licences

Business | Friday February 22, 2013

M&M, Reliance Capital and players in the financial services space today welcomed Reserve Bank's guidelines for issuing licences for new banks and showed keenness to enter the business.

IIFL group pitches for banking entry

Business | Monday February 18, 2013

The IIFL group has made a strong pitch for letting brokerages enter the banking fray, saying its success with 4,000-odd branches gives it the necessary bandwidth to replicate the same in commercial banking.