Change Agents Par Excellence: Nirmal Jain and R Venkataraman leading IIFL's rise to one of India's leading financial supermarkets
Economic Times / 14:32, Sep 14, 2016
The test for any institution is how well it does during the tough times rather than in a bullish market where the tide lifts all boats. When many brokers defaulted on payments to clients, IIFL stood out. "That gave confidence to investors and they came back to us," recalls Venkataraman. But in a year or so, it debuted on the stock exchange with its IPO subscribed 7.34 times. "It was an unbelievable steroid. I never expected this kind of response."
Brexit fears are exaggerated: Nirmal Jain
Business Standard / 10:28, Jun 27, 2016
Nirmal Jain, chairman and founder of the IIFL Group, spoke to Rajesh Bhayani on the impact of Britain voting to exit the European Union on Indian markets. The process of free trade and globalisation has not ended, he says, and markets will start tracking earnings growth in the medium to long run.
Top performing fund seeks shelter as India stocks near records
Bloomberg / 11:47, Sep 08, 2016
“It’s odd that 80 percent of stock positions are unhedged at a time when insurance is as cheap as you can get,” said Amit Shah, co-founder of General Atlantic-backed IIFL Wealth, which has $13.5 billion under management and advisory.
Platform for bull market laid despite global risks: IIFL
Moneycontrol.com / 16:14, Jul 14, 2016
Nirmal Jain, Chairman and Founder of the IIFL Group, in an interview with Anuj Singhal on CNBC-TV18 emphasised that we should not get bogged down with worries on the Brexit risk and the global economic slowdown but focus on the near term trend, which continues to remain strong at least for India.