IIFL - Key Persons
Job Titles:
- Head - Operations & Customer Service
Job Titles:
- Chairman of the IT Strategy Committee
- Chairman of the Stakeholders Relationship Committee
- Independent Director
Mr. Arun Kumar Purwar is the Chairman and Independent Director of IIFL Finance, Jindal Panther Cement as well as ERoute Technologies Pvt. Ltd. He is as an Independent Director in companies across diverse sectors like Finance, Pharma, Media, Engineering consultancy, Investment Banking, Fintech sectors. He also acts as an advisor to Mizuho Securities, Japan. He was Chairman of the State Bank of India (‘SBI') from 2002 to 2006 and Chairman of the Indian Bank Association during 2005 to 2006. He has previously held positions such as Managing Director of State Bank of Patiala and was also associated in the setting up of SBI Life. Post his retirement from SBI, he was associated with a leading industry house in setting up the first healthcare focused private equity fund as well as a non-banking finance company focused on funding real estate projects as well as educational institutions. He has won a number of awards, including the CEO of the year award from the Institute of Technology and Management (2004), ‘Outstanding Achiever of the Year' award from the Indian Banks' Association (2004) and ‘Finance Man of the Year' Award by the Bombay Management Association in 2006.
Mr. Badrinarayanan Seshadri is a multi-faceted professional with a diverse background. He holds a B.Tech in mechanical engineering from IIT Madras and a PhD in mechanical engineering from Cornell University, US. Mr. Seshadri co-founded Cricinfo.com, the leading cricket portal worldwide. He is currently involved in running Synprosoft, a software services company, and Kizhakku Pathippagam, a renowned Tamil book publisher. Additionally, he co-owns Aargee Staffing Services Pvt Ltd, an IT staffing company. Mr. Seshadri is known for his insightful writings on current affairs and politics in both Tamil and English.
Mr. Chandran Ratnaswami
Non-Executive Director
Mr. Chandran Ratnaswami is a Non-Executive Director of our Company. He is the Chief Executive Officer and Director of Fairfax India Holdings Corporation, a company listed on the Toronto Stock Exchange and is also a Managing Director of Hamblin Watsa Investment Counsel Limited, a wholly owned investment management company of Fairfax Financial Holdings Limited. Mr. Ratnaswami serves on the Boards of, among others, Chemplast Sanmar Limited, Quess Corp Limited, Bangalore International Airport Limited, National Commodities 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. He holds a Bachelor's degree in Civil Engineering from IIT Madras, India and an MBA from the Rotman School of Management, University of Toronto, Canada.
Job Titles:
- Chief Treasury Officer
- Treasury Head
He is Head of Asia Pacific within the Private Equities Department of Abu Dhabi Investment Authority (ADIA). He is responsible for leading all aspects of AIDA's private equity activities in the Asia Pacific region and is a member of the Private Equity Executive Committee. Prior to joining ADIA in 2018, Mr. Mathur worked at Kohlberg Kravis Roberts & Co (KKR) where he was responsible for sourcing, executing and managing private equity investments in Asia. Mr. Mathur joined KKR in 2008, having previously worked at TPG Capital, also in their Asian private equity business. Mr. Mathur began his career in the Investment Banking division of Citigroup/Salomon Smith Barney. Mr. Mathur graduated from the London School of Economics and Political Science with a BSc (Hons.) in Economics.
Job Titles:
- Head - Infra and Cyber Security
Job Titles:
- Chairman
- Chief Executive Officer
- Executive Director
He is an Executive Director on our Board of Directors and is the Chief Executive Officer of the Company. He holds a Bachelor's degree in architecture from Guru Nanak Dev University and a master's degree in Post Graduate Diploma in Management from Lal Bahadur Shastri Institute of Management, Delhi. He has significant experience in the financial services industry. Prior to joining the Company, he worked with Indiabulls Housing Finance Limited as national business manager where he was responsible for setting up, and managing, the retail home loan business along with the home equity business. He has also previously worked with ICICI Bank Limited and HDFC Bank Limited.
Job Titles:
- Chairman of the Audit Committee
- Independent Director
- Senior Partner at KKC & Associates LLP
Mr. Nilesh Vikamsey is a senior partner at KKC & Associates LLP- an 86-year-old Chartered Accountants firm. Mr. Vikamsey is Committee member of organisations like Indo American Chamber of Commerce, Bombay Chartered Accountants' Society (BCAS), the Chamber of Tax Consultants (CTC). He is a trustee in ‘Sayagyi U Ba Khin' Memorial Trust (Vipassana International Academy, Igatpuri) & few educational trusts in Mumbai. He is presently a member of the Advisory Committee on Mutual Funds & Corporate Governance Committee of Securities and Exchange Board of India (SEBI), Risk Management Committee of Central Depository Services (India) Limited (CDSL), and Expert Advisory Committee of Institute of Chartered Accountants of India (ICAI). He was the President of ICAI in the past. He was an observer on the Board of International Federation of Accountants and Member of IFAC's Technology Advisory Group. He was the Past Chairman of Federal Bank Limited and member of IRDA. He was the 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 (SCODA). He was member of International Auditing and Assurance Standards Board (IAASB) Reference Group for Audits of Less Complex Entities. 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 the RBI, Comptroller & Auditor General of India (C&AG) and various other organizations.
Job Titles:
- Managing Director
- Non Executive Director
Mr. Nirmal Jain founded IIFL Group in 1995. Under his visionary leadership, IIFL Group has grown to become one of the leading financial services players in post liberalized India with a combined market capitalization of US$ 4.2 Billion serving over 14 Million diverse customers in wealth & asset management, consumer lending, securities trading & discount broking spaces. With an impeccable track record of governance and growth, the Group has attracted marquee investors and won accolades internationally. Mr. Jain has been a pioneer in technology led disruptions in financial services space creating new standards in securities trading, consumer finance, wealth and asset management. He is also one of leading proponents of financial inclusion and financial literacy in India. He holds a PGDM (Post Graduate Diploma in Management) from the Indian Indian Institute of Management, Ahmedabad (IIMA) and is a rank holder Chartered Accountant and Cost Accountant. He started his career in 1989 with Hindustan Unilever Limited and founded IIFL Group as an independent equity research Company in 1995. He has close to three decades of experience in spearheading diverse businesses in the financial services sector.
He is a Non-Executive Director on our Board of Directors and was one of the first Directors 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 Unilever Limited. He founded IIFL group in 1995. It started as an independent equity research company in India. Over the last 26 years, he has led the expansion of the group, while remaining focused on financial services. The group through four listed entities, has leading presence in India's Wealth and Asset management, consumer lending, securities trading and discount Broking spaces. With an impeccable track record of governance and growth, the group has attracted marquee investors and won accolades internationally. He is currently also the chairman of IIFL Finance Limited, the promoter of our Promoter.
Job Titles:
- Head - Projects and New Initiatives
Job Titles:
- Chairman of the ALCO Committee
- Independent Director
- Joint Managing Director
- Non - Executive Director
- Co - Promoter and Joint Managing Director
He is a Non-Executive Director on our Board of Directors. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bengaluru 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 to the establishment of various businesses and spearheading key initiatives of the group over the past 22 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 29 years in the financial services sector. He is currently also the managing director and one of the promoters of our Promoter.
Job Titles:
- Independent Director
- Chartered Accountant, Cost Accountant
Mr. Ramakrishnan Subramanian is a Chartered Accountant, Cost Accountant and Masters in Commerce. He has served several leading Banks, FIs in leadership roles since 1990 in India and abroad. He has also served as a Boards member of ING Vysya Bank and Shriram Capital, Shriram Transport, Shriram City Union, in the past apart from having done senior Executive roles such as CEO, MD, Country Head, Asia Regional head roles in domestic and international banks. He is currently engaged as a Sr. Advisor, Operating Partner, Consultant with PE, VC, FIs and Fintech in India. Within financial sector services, his deep expertise and experience are in Retail Financing - Mortgage, LAP, Personal Loans, Business Loans, SME, LAS, Gold, Auto, CV/CE, Securitisation. He has worked in senior capacities involving Strategy, Board, Governance coupled with strong track record on execution across functions covering Channels, Product, Pricing, Portfolio management, Funding, Credit policy, Credit underwriting, Collections management of large Universal banks, Non-Banking Fianncial Companies (‘NBFCs') and Fintech.
Mr. Ramanathan Annamalai holds significant experience in development banking in the agriculture and rural sectors. He previously served as the Chief General Manager in the Micro Credit Innovations Department of NABARD, where he managed the world's largest microfinance program, the SHG Bank Linkage program. With his profound knowledge of financial inclusion and rural development, Mr. Ramanathan adds valuable insights to the Board.
Job Titles:
- Chief Information Security Officer
Mr. Shivaprakash Deviah, leveraging his expertise, spearheads our Company's technology initiatives. He has been instrumental in setting up a comprehensive IT infrastructure for lending activities and driving process efficiency through automation. With a background spanning over two decades in the software and financial services industries, Mr. Shivaprakash previously managed global technology projects for Wipro. He holds a bachelor's degree in computer science and engineering from PSG College of Technology and a diploma in microfinance from the Indian Institute of Banking & Finance.
Job Titles:
- Chairman
- Independent Director
He is the Chairman and an Independent Director on our Board of Directors. He holds a Bachelor's degree in science from Bangalore University and a master's degree of science in physics from the Indian Institute of Technology, Delhi. He has previously worked in the banking and finance industry and has held several positions in retail, corporate, and export / import banking, including as the chairman of the National Housing Bank and Central Bank of India. While he was chairman and managing director of the National Housing Bank, he was responsible for a number of initiatives, such as the NHB Residex, Rural Housing Fund, and Reverse Mortgage for senior citizens. Prior to this, he was associated with the Export Import Bank of India as executive director. He is a certified associate of the Indian Institute of Bankers and was conferred with honorary fellowship of the Indian Institute of Banking and Finance in recognition of his contribution in the field of banking and finance.
Job Titles:
- Managing Director & Chief Executive Officer of LIC Mutual Fund
- Non - Executive Nominee Director
Mr. T S Ramakrishnan is currently the Managing Director & Chief Executive Officer of LIC Mutual Fund. Prior to taking over as MD & CEO of LIC Mutual Fund, he was General Manager at LIC Housing Finance Ltd, one of the largest housing finance companies in India. Mr. Ramakrishnan started his career as a direct recruit officer with LIC of India in 1988 and has risen through the ranks to this position. In a career spanning over three decades in the corporation, Mr. Ramakrishnan has made his mark in the areas of training, Marketing and Pension & Group business. He has served as Regional Head of Pension & Group business of LIC's South Central Zone. He was the Senior Divisional Manager in-charge of Delhi Division. He has also had a stint as Vice Principal in Zonal Training Centre. Mr. Ramakrishnan holds a B.Com(Hons) degree from the University of Delhi and a Post Graduate Diploma in Management. He is a Fellow of the Insurance Institute of India. He also holds a Diploma in Health Insurance. He is also on the board of AMFI (Association of Mutual Funds in India).
Job Titles:
- Chairman
- Independent Director
He is experienced in financial services sector having led corporate and investment banking teams in leading international institutions, including Standard Chartered Bank, Credit Suisse, Deutsche Bank, and Bank of America. Advisory experience in sectors including technology, consumer & retail, financial services, risk management. Engineering from Jadavpur University, MBA from XLRI, FT Non Executive Director Diploma and ESG Competent Boards Certificate and Designation.
Job Titles:
- Chairman of the CSR Committee
- Independent Director
- Chairman of Nomination & Remuneration Committee
- Member of the Institute of Chartered Accountants of India
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 37 years of experience in banking industry. Some of his accomplishments include being the Chairman and Managing Director at Corporation Bank and SIDBI, 3 years as an Executive Director at the Oriental Bank of Commerce and 31 years in various capacities at the Central Bank of India.
Mr. Vikraman Ampalakkat brings a wealth of experience to the Board, having retired as the Chief General Manager of SIDBI Foundation for Micro Credit. With a career spanning 38 years, he has worked with esteemed organizations such as Reserve Bank of India, IDBI, and SIDBI. Mr. Vikraman's expertise lies in the microfinance sector, and he currently serves on the boards of other microfinance and financial corporations.
Job Titles:
- Chairman of the ESG Committee
- Chairman of the Risk Management Committee
- Chartered Accountant
- Independent Director
Ms. Geeta Mathur, a Chartered Accountant, has worked as a banker both on the asset side and risk side and with large corporate treasuries and investor relations. 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 among others. She has developed, reorganised, streamlined and led large national teams. She transitioned from the corporate sector to the development sector as CFO of Helpage India, where besides successful implementation of Oracle ERP and setting up processes for budgeting and MIS, she was consistently awarded by the Institute of Chartered Accountants and South Asian Federation of Accountants for best presentation and transparency in accounts. She has worked in various capacities in large organisations such as IBM and Emaar MGF across areas of Corporate Finance, Treasury, Risk Management and Investor Relations. She currently serves as an independent director in various large organisations across manufacturing and services such as Motherson Sumi Wiring India Limited, Infoedge Ltd and NIIT Ltd. She also co-chairs the India chapter of Women Corporate Directors Foundation, a global membership organization and community of women corporate directors with a mission to foster a powerful, trusted community of influential women corporate directors. She is a graduate in Commerce from the Shriram College of Commerce, Delhi University and did her articleship with the Price Waterhouse while pursuing her Chartered Accountancy.
Job Titles:
- Independent Director
- Distinguished Development Specialist and Strategy Consultant
Ms. Malini B. Eden is a distinguished development specialist and strategy consultant with a remarkable career spanning over two decades. She has worked extensively with marginalized communities, advocating for their inclusion in policy development. Ms. Eden holds key positions in bilateral agencies, government boards, and trusts dedicated to economic empowerment, health, and donor relations. She currently heads the Women's Education Project at Trust India and consults for the Azim Premjee Foundation.
Job Titles:
- Chairman
- Independent Director
She is an Independent Director on our Board of Directors. She is a professional with over three decades of experience in development economics and has worked with World Bank in Washington DC and has led policy dialogue and formulated investment projects in relation to the UN's Millennium Development Goals and later the Sustainable Development Goals. She has led the India Solar Energy Team of the World Bank and designed the USD 640 million blended finance Solar Rooftops project with the State Bank of India. She has also worked for Citibank and ABN Amro in Kenya. She is currently a World Bank consultant and she is Advisor to the India Smart Grid Forum. She has a Bachelor's and Master's Degree in Economics, with distinction, and a Master of Business Administration degree in International Finance, all from Boston University. She also has a certificate in Public Private Partnerships from the Harvard Kennedy School.
Job Titles:
- Company Secretary
- Compliance Officer
- Company Secretary and Compliance Officer ( under SEBI, MCA )