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2021-08-12T16:31:07Z

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{{short description|Indian billionaire businessman (born 1967)}}
{{Use dmy dates|date=August 2018}}
{{Use Indian English|date=August 2018}}
{{Infobox person
| name = Nirmal Jain
| image =
| image_size =
| caption =
| birth_name =
| birth_date = {{Birth year and age|1967}}
| birth_place =
| death_date =
| death_place =
| death_cause =
| nationality = Indian
| education = - [[Narsee Monjee College of Commerce and Economics]] <br> - [[Indian Institute of Management Ahmedabad]]
<br> - [[Institute of Chartered Accountants of India]]
| occupation = Businessman
| known for = Founder of [[India Infoline]] and 5paisa.com
| salary =
| networth = US$1 billion+ (as of March 2018)<ref name="bloomberg.com1"/>
| title = Chairman, [[India Infoline]] (IIFL Group)
| term =
| predecessor =
| successor =
| boards =
| spouse = Married
| children = 3
| parents =
| relatives =
| website = http://www.nirmaljain.in/
}}
'''Nirmal Jain''' (born 1967) is an Indian [[billionaire]] businessman. He is the founder and chairman of [[India Infoline]] (IIFL) Group, a financial conglomerates. IIFL and its group companies are backed by Canadian investor [[Prem Watsa]], [[private equity firm]] [[General Atlantic]] and [[CDC Group]], the UK Government's private equity arm.<ref>{{cite web|url=http://content.indiainfoline.com/admin/PDF/Twenty_First_AR_IIFL_20160704.pdf|title=IIFL Annual Report 2016|publisher=indiainfoline.com|access-date=20 March 2017}}</ref><ref>{{cite web|url=https://economictimes.indiatimes.com/topic/Nirmal-Jain|title=Nirmal Jain Profile|newspaper=The Economic Times |access-date=7 August 2018 }}</ref><ref>{{cite web|url=https://www.bloomberg.com/profiles/people/1902876-nirmal-jain|title=Nirmal Jain Chairman/Founder IIFL Profile|publisher=www.bloomberg.com|access-date=20 March 2017}}</ref>

==Early life==
Nirmal Jain earned a bachelor's degree in commerce (B.Com) from [[Narsee Monjee College of Commerce and Economics]], a constituent college of the [[University of Mumbai]], followed by a postgraduate diploma certificate in management (PGDM) from the [[Indian Institute of Management Ahmedabad]].<ref name="bloomberg.com">{{cite web|url=https://www.bloomberg.com/profiles/people/1902876-nirmal-jain|title=Nirmal Jain, IIFL Holdings Ltd: Profile & Biography|website=Bloomberg|access-date=13 April 2018}}</ref> He is also a certified chartered accountant from ICAI.<ref name="bloomberg.com"/>

==Career==
In 1989, Jain started his career with [[Hindustan Unilever]], as a commodities trader.<ref name="bloomberg.com1">{{cite web|url=https://www.bloomberg.com/news/articles/2018-03-15/india-s-latest-billionaire-manages-fortunes-for-the-new-rich|title=Indian Billionaire Manages Fortunes for Burgeoning New Rich|date=15 March 2018|access-date=13 April 2018|via=www.bloomberg.com}}</ref>

In 1995, Jain founded an equity research company that later became India Infoline (or IIFL Group). In 2000, he started one of India's first online trading websites.<ref name="bloomberg.com1"/> The business later diversified into life insurance, mutual funds, equities and other financial services.<ref name="bloomberg.com1"/>

In March 2018, Bloomberg LP reported that IIFL had doubled in value over the preceding 12 months, and that Jain was now a billionaire.<ref name="bloomberg.com1"/><ref>{{cite web|url=https://www.livemint.com/Companies/squpI4o12D0pQXpXc47rMK/Managing-fortunes-of-the-rich-makes-IIFLs-Nirmal-Jain-India.html|title=IIFL's Nirmal Jain is India's latest billionaire|first=Blake|last=Schmidt|date=16 March 2018|website=livemint.com|access-date=13 April 2018}}</ref> Jain owns 23% of IIFL, directly or indirectly.<ref name="bloomberg.com1"/>

==Personal life==
Jain lives in Mumbai with his wife and three children.<ref>{{cite news|url=https://economictimes.indiatimes.com/opinion/interviews/up-close-personal-with-nirmal-jain-chairman-iifl-group/articleshow/50019254.cms|title=Up Close & Personal with Nirmal Jain Chairman, IIFL Group|first=Dibeyendu|last=Ganguly|date=3 December 2015|access-date=13 April 2018|newspaper=The Economic Times}}</ref> He owns a property in [[Aamby Valley City|Amby Valley]] that he "never visits".<ref name="economictimes"/>

In 2016, his eldest daughter, Harshita, was studying to be a chartered accountant.<ref name="economictimes">{{cite news|url=https://economictimes.indiatimes.com/magazines/panache/from-iim-a-to-dalal-st-a-tale-of-two-batchmates-rashesh-shah-nirmal-jain/articleshow/52420229.cms|title=From IIM-A to Dalal St: A tale of two batchmates Rashesh Shah & Nirmal Jain|first=DIBYENDU|last=GANGULY|date=24 May 2016|access-date=13 April 2018|newspaper=The Economic Times}}</ref>

As of 2018, Harshita has completed the CA course and is an MBA candidate at Stanford Graduate School of Business, California.

Jain founded the IIFL foundation.<ref>{{cite web|url=https://www.youtube.com/watch?v=ihIYAOs95Zo|title=Serious inclination towards CSR|first=ANUJ|last=SINGHAL|date=24 May 2016|access-date=27 April 2018|via=CNBC TV18}}</ref> He is one of the founders of the liberal education oriented [[Ashoka University]] along with [[Dilip Sanghvi]], [[Deep Kalra]], and Jerry Rao.<ref name="auto">{{cite news|url=https://economictimes.indiatimes.com/industry/services/education/dilip-shanghvi-nirmal-jain-others-line-up-to-back-ashoka-university/articleshow/33756357.cms|title=Dilip Shanghvi, Nirmal Jain, others line up to back Ashoka University|first=Devina|last=Sengupta|date=15 April 2014|access-date=27 April 2018|newspaper=Economic Times}}</ref>

== References ==
{{Reflist|3}}

{{Authority control}}

{{DEFAULTSORT:Jain, Nirmal}}
[[Category:Living people]]
[[Category:Indian billionaires]]
[[Category:Indian company founders]]
[[Category:1967 births]]
[[Category:University of Mumbai alumni]]
[[Category:Indian Institute of Management Ahmedabad alumni]]
[[Category:Unilever people]]

Nirmal Jain - Revision history

>Nerilanik: /* References */