Physical Education Trainer | Posted on | Share-Market-Finance
How did Nirmal Jain of IIFL make so much wealth?
Entrepreneur | Posted on
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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