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Nimesh Kampani, a veteran investment banker, is the Chairman of JM Financial Group, a leading financial services company in India. Born in 1946, he is a Chartered Accountant and a commerce graduate from Sydenham College, Mumbai. His career spans over five decades, marked by pioneering contributions to the Indian capital markets. Kampani is known for advising corporations on capital raising and mergers & acquisitions. In 2009, his personal wealth was estimated at $595 million.
Nimesh Kampani was born on September 30, 1946, in Mumbai, India, into a family involved in stockbroking. He attended Bharda New High School and developed a strong interest in cricket. He graduated with a commerce degree from Sydenham College, Mumbai, and then qualified as a Chartered Accountant. His educational background provided the foundational expertise for his career in investment banking.
Kampani began his career in the financial industry in 1972, joining his family's stockbroking business. In 1973, he founded JM Financial & Investment Consultancy Services Pvt. Ltd. (JMFICS), which later evolved into JM Financial. Under his leadership, JM Financial became a prominent investment bank in India. The company went public in 1992 and expanded its services to include asset management, private equity, and mortgage lending. In 1999, JM Financial formed a joint venture with Morgan Stanley, which was later dissolved, with Kampani buying out Morgan Stanley's stake.
Kampani's strategy focused on building a diversified financial services group. JM Financial expanded beyond stockbroking to offer a wide range of services, including investment banking, wealth management, and asset management. He also emphasized building strong relationships with major financial institutions and serving as a trusted advisor to corporate and financial services groups. Furthermore, Kampani recognized the importance of technology and the digital transformation of financial services. JM Financial has ventured into digital financial services with the launch of a mobile app.
The search did not yield specific, verifiable amounts for Nimesh Kampani's philanthropic endeavors. However, his contributions to the development of the Indian capital markets and his leadership in the financial sector have indirectly benefited various initiatives.
Joined the family's stockbroking business.
Founded JM Financial & Investment Consultancy Services Pvt. Ltd. (JMFICS).
JM Financial listed on the Bombay Stock Exchange.
Formed a joint venture with Morgan Stanley.
Handed over the daily operations of JM Financial to his son, Vishal, while remaining non-executive chairman.
Received the Institute of Chartered Accountants of India's Hall of Fame Award.
Reportedly went into hiding due to a payment default issue linked to Nagarjuna Finance.
Mediated the inheritance dispute within the Shroff family over Amarchand Mangaldas.
