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Chairman & Managing Director
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India Infoline Ltd.
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Nirmal Jain, MBA (IIM Ahmedabad) and a Chartered and Cost Accountant, founded India’s leading financial services company, India Infoline Ltd. in 1995. The company provides globally acclaimed financial services in equities and commodities broking, life insurance and mutual funds distribution, among others. Mr Jain began his career in 1989 with Hindustan Lever’s commodity export business, contributing tremendously to its growth. He was also associated with Inquire-Indian Equity Research, which he co-founded in 1994 to set new standards in equity research in India.
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Executive Director
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India Infoline Ltd.
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R Venkataraman, co-promoter and executive director of India Infoline Ltd., has done his B. Tech (Electronics and Electrical Communications Engineering) from IIT Kharagpur and an MBA from IIM Bangalore. He joined the India Infoline Board in July 1999. He previously held senior managerial positions in ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with JP Morgan of USA and with BZW and Taib Capital Corporation Limited. He was also Assistant Vice President with GE Capital Services India Limited in their private equity division.
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Apart from Nirmal Jain and R Venkataraman, the Board of Directors of India Infoline Ltd. comprises:
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Independent Director
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India Infoline Ltd.
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Mr Vikamsey has been a board member since February 2005. He is a practising Chartered Accountant and partner of Khimji Kunverji & Co., Chartered Accountants, a member firm of HLB International. He headed the audit department till 1990 and thereafter handled financial services, consultancy, investigations, mergers and acquisitions, valuations, etc. He was an ICAI study group member for Proposed Accounting Standard — 30 on Financial Instruments — Recognition and Management. He was on the finance committee of the Chamber of Tax Consultants (CTC), Law Review, Reforms and Rationalisation Committee, and Infotainment and Media Committee of Indian Merchants’ Chamber (IMC) and Insurance Committee and Legal Affairs Committee of Bombay Chamber of Commerce and Industry (BCCI).
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Independent Director
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India Infoline Ltd.
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Mr Kranti Sinha has been a Board member since January 2005. He completed his masters from the Agra University and started his career as a Class I officer with the Life Insurance Corporation of India. He served as the director and chief executive officer of LIC Housing Finance Limited from August 1998 to December 2002 and concurrently as the Managing Director of LICHFL Care Homes (a wholly owned subsidiary of LIC Housing Finance Limited). He retired from the permanent cadre of the executive director of LIC, served as 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. Mr Sinha is also on the Board of Directors of Hindustan Motors Limited, Larsen & Toubro Limited, LICHFL Care Homes Limited, Gremach Infrastructure Equipments and Projects Limited and Cinemax (India) Limited.
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Independent Director
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India Infoline Ltd.
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Mr AK Purvar has been a board member since March 2008. He completed his Masters degree in commerce from Allahabad University in 1966 and a diploma in Business Administration in 1967. Mr Purwar joined the State Bank of India as a probationary officer in 1968, where he held several important and critical positions in retail, corporate and international banking, covering almost the entire range of commercial banking operations in his illustrious career. He also played a key role in coordinating the work for the Bank's entry into the field of insurance. After retiring from the bank at end May 2006, Mr Purwar is now working as a Member of Board of Governors of IIM Lucknow. He joined IIM Indore as a visiting professor and joined NMIMS as a Hon. Professor. He is also a member of the Advisory Board for the Institute of Indian Economic Studies (IIES), Waseda University, Tokyo, Japan. He has now taken over as Chairman of IndiaVenture Advisors Pvt Ltd, as well as IL&FS Renewable Energy Limited. He is also working as Independent Director in leading companies in telecom, steel, textiles, autoparts, engineering and consultancy.
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