Nimesh Kampani resigns as Managing Director of JM Financial Ltd

However, Kampani will continue to be the Non-Executive Chairman of the group and a director on the board of a few group companies at JM Financial. He will be succeeded by his son Vishal Kampani.

Created On: Aug 4, 2016 15:33 ISTModified On: Aug 4, 2016 14:58 IST

Nimesh Kampani on 3 August 2016 resigned as the Managing Director of JM Financial Ltd with effect from 30 September 2016. However, Kampani will continue to be the Non-Executive Chairman of the group and a director on the board of a few group companies at JM Financial.

Nimesh Kampani will be succeeded by his son Vishal Kampani as the Managing Director of JM Financial with effect from 1 October 2016.

About Nimesh Kampani

• Kampani became a well-known figure in the stock market circles after he brokered the Ambani brothers settlement in 2005.
• Besides this, he is also on the board of Nusli Wadia company Britannia and was on the board of Essar Shipping owned by the Ruia brothers.
• He also teamed up with former CitiBank CEO Vikram Pandit to form a NBFC venture called JM Financial Credit Solutions Ltd that is engaged in real estate financing.

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