IIFL Capital Services Shares Rose Over 10% After Change in Top Management

On March 24, 2025, IIFL Capital Services shares soared over 10%, reaching a day high of ₹242.95 at 10:40 AM, after opening at ₹225.00. The gain in IIFL Capital shares came after the company announced changes in the top management.

Nemkumar H Appointed as the Chief Growth Officer.

Nemkumar H steps down as Managing Director and member of the Board. He joined IIFL in June 2007 and was a founding member of the Institutional Equities (IE) business. Over the years, IIFL’s IE business, primarily focused on institutional broking and investment banking, has seen significant growth. With nearly three decades of experience in equity research, institutional equities, investment banking, and fostering strong relationships with investors and corporates, Nemkumar has been a key contributor to the company’s success.

R. Venkataraman Appointed Managing Director

The Board of Directors has appointed R. Venkataraman, Co-promoter of IIFL Group, as Managing Director of the Company, effective March 22, 2025, for a term of five years.

Rekha Warriar Named as Chairperson of the Board

The Board has appointed Rekha Warriar, Independent Director, as the new Chairperson, ensuring a clear separation of the roles of Chairperson and Managing Director in line with best corporate governance practices. Rekha has served as an Independent Director since 2019 and brings over 31 years of invaluable experience from her tenure at the Reserve Bank of India (RBI), with expertise in areas such as Foreign Exchange, Financial Stability, Internal Debt Management, and Rural Development.

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