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Ajay Paswan· 8 years ago
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How did Nirmal Jain of IIFL make so much wealth?

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He has worked extremely hard and been very consistent since the beginning. This is how Nirmal Jain of IIFL has made so much of wealth. This is how, in fact, everyone becomes successful.
 
With recent media coverage, many people have come to believe that this is another fanatical overnight success story. In reality, Jain’s journey started in 1989 when he started working at Hindustan Unilever Ltd as commodity trader. In 1995, along with others, he founded IIFL Group (or India Infoline), an equity-research firm. Also, he started the first online trading website in India back in 2000.
 
Following, he expanded his portfolio, brought innovative practices in the field and established his company as theindustry leader. Today, IIFL employs a total of 13,000 employees around the world. It touts a long list of very wealthy clients. Only recently, the group overtook Kotak Wealth Management in terms of asset management.

 

Nirmal Jain holds about 23 percent shares of IIFL group, which has made him a billionaire. In short, in the span of over 2 decades, Jain has worked extremely hard. And this is how he has made so much wealth.

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Prreeti Radhika Taneja
Prreeti Radhika TanejaAuthor
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Updated on05/23/26
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Nirmal Jain built his wealth mainly through the growth of IIFL Finance, which became one of India’s major financial services groups. He started the company in the 1990s and expanded it into stockbroking, wealth management, loans, insurance, and investment services. As India’s stock market and financial sector grew rapidly, IIFL’s business and valuation also increased significantly.

Nirmal Jain’s shareholding in the company became the biggest source of his wealth. He is also known for understanding financial markets and expanding aggressively during India’s economic growth years. Honestly, many self-made billionaires in finance become wealthy by building long-term businesses during periods when investing and stock markets grow rapidly.

Must Read: Wealthy People’s Tips for Achieving Financial Independence

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Ved TiwariTwo decades of chartered accountancy — turning complex financial and business realities into writing that professionals and decision-makers can actually use.
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Ved Tiwari is a Chartered Accountant (CA) and finance writer with over 20 years of professional experience in taxation, auditing, financial planning, and business advisory. He is a Fellow Member of the Institute of Chartered Accountants of India (ICAI) — one of the most rigorous professional qualifications in Indian finance — and holds a Bachelor of Commerce (B.Com Honours) from Shri Ram College of Commerce (SRCC), Delhi University. His content covers personal finance, corporate taxation, GST, investment strategy, business compliance, financial planning, and India's evolving regulatory and economic landscape. His work has appeared on platforms including Moneycontrol, The Economic Times Wealth, and CA Club India, where he writes for finance professionals, business owners, and informed readers who need content built on two decades of real-world financial practice — not surface-level commentary. Over 20 years, Ved has advised hundreds of businesses and individual clients on taxation, audit compliance, and financial restructuring. He has handled complex multi-crore audits, represented clients before tax authorities, and guided startups and established firms through India's regulatory environment. He has published 400+ articles on finance and business, spoken at ICAI seminars and industry finance conferences, and is a practising member of the ICAI Western Region chapter. Across all his writing, every figure is verified, every regulatory reference is current, and every recommendation reflects the same professional standard he applies to his clients — because in finance, accuracy is not optional.

Updated on05/23/26
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