Nirmal Jain Leverages India's Wealth Surge for Hiring and Asset Growth

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Nirmal Jain to Double Wealth Assets, Triple Advisers Amid India's Boom

The three-decade-old group has propelled Jain and his wife Madhu’s net worth to $1.2 billion, according to the Bloomberg Billionaires Index

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Moneycontrol•02-03-2026, 14:59

Nirmal Jain to Double Wealth Assets, Triple Advisers Amid India's Boom

•Billionaire Nirmal Jain aims to double assets at IIFL Capital Services Ltd. to $13.2 billion in two years.
•The firm plans to triple its frontline adviser base by adding 120 relationship managers, despite intense competition for talent.
•Jain's IIFL Group, backed by Fairfax Financial Holdings Ltd., has propelled his net worth to $1.2 billion.
•India's wealth market is booming, driven by startups, equity participation, and a surge in high-net-worth individuals and billionaires.
•IIFL Capital is expanding offerings in private equity, overseas investments, and pre-IPO opportunities to meet rising demand.

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