IIFL Capital Services Limited (formerly known as IIFL Securities Limited) has announced a significant top-level reshuffle aimed at accelerating its growth journey and reinforcing its corporate governance framework.
In a strategic move, Nemkumar H has stepped down as Managing Director and Board Member, and will now take on the newly created role of Chief Growth Officer, focusing exclusively on business development. Nemkumar, who joined IIFL in 2007 and is a founding member of its Institutional Equities (IE) business, has played a pivotal role in scaling up the institutional broking and investment banking operations.
To steer the company’s next phase of expansion, the Board of Directors has appointed R. Venkataraman, Co-promoter of the IIFL Group, as the new Managing Director, effective March 22, 2025, for a term of five years.
In another key development, Rekha Warriar, Independent Director since 2019, has been elevated as the Chairperson of the Board. Rekha brings over 31 years of experience at the Reserve Bank of India (RBI), with deep expertise in financial stability, foreign exchange, rural development, and internal debt management. Her appointment ensures a clear separation of roles between the Chairperson and the Managing Director — a move that aligns with global best practices in corporate governance.
The management changes come at a time when IIFL Capital Services is embarking on a renewed growth strategy, with a strong focus on expanding revenue streams and enhancing earnings quality. The company’s recent entry into wealth management is one such initiative aligned with its long-term objectives.
These leadership shifts reflect IIFL Capital Services’ commitment to building a future-ready organization, with a sharpened focus on business development, investor relationships, and governance excellence.
Disclaimer: This news article is based on the official press release by IIFL Capital Services Ltd.
