Nimesh Kampani
Encyclopedia
Nimesh Kampani is an India
n investment banker. He is the founder and chairman of the JM Financial group of companies. His personal wealth was valued at US$1.3 billion (according to Forbes.com) in 2008, making him the worlds 897th richest man, and the 42nd richest in India, at that time. That estimate, however, was made at a time when the stock of JM Financial Ltd (the publicly-traded flagship company of the JM Financial group) was trading close to an all-time high of approximately Rs. 122 per share. Based on its current share price of Rs 35.55 (as of 11 August 2010), JM Financial's market capitalization is Rs. 26.2 billion, or roughly US$560 million. The Kampani family's combined direct and indirect equity ownership of JM Financial Ltd is between 60% and 65%.
Kampani is a commerce graduate from Sydenham College
, Mumbai
, and a qualified Chartered Accountant. He has experience, spanning three decades, in advising corporations on financial
needs. He joined with Morgan Stanley
in 1999, in a securities trading and investment banking joint venture. This partnership ended in 2007, with Kampani selling his stake in brokerage for $445 million, and buying Morgan Stanley's stake in investment banking for $20 million.
He is currently the chairman of JM Financial, and holds directorship in several other companies. He works with his younger brother Ashith Kampani and his son Vishal Kampani, and lives in Cuffe Parade
in the city of Mumbai
.
His son was among those held hostage at the Taj Mahal Hotel in Mumbai, during the November 2008 Mumbai attacks, who were rescued by NSG
commandos on 27 November.
The Andhra Pradesh HC quashed the lookout notice against him, acquitting him of charges and paving the way to return to India.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n investment banker. He is the founder and chairman of the JM Financial group of companies. His personal wealth was valued at US$1.3 billion (according to Forbes.com) in 2008, making him the worlds 897th richest man, and the 42nd richest in India, at that time. That estimate, however, was made at a time when the stock of JM Financial Ltd (the publicly-traded flagship company of the JM Financial group) was trading close to an all-time high of approximately Rs. 122 per share. Based on its current share price of Rs 35.55 (as of 11 August 2010), JM Financial's market capitalization is Rs. 26.2 billion, or roughly US$560 million. The Kampani family's combined direct and indirect equity ownership of JM Financial Ltd is between 60% and 65%.
Kampani is a commerce graduate from Sydenham College
Sydenham College
Sydenham College or Sydenham College of Commerce and Economics is the first college of commerce in Asia.It is an institute in Mumbai , affiliated to the University of Bombay, and offering undergraduate degrees in commerce and undergraduate and postgraduate degrees in management...
, Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, and a qualified Chartered Accountant. He has experience, spanning three decades, in advising corporations on financial
FINANCIAL
FINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. Published by Intelligence Group LLC, FINANCIAL is focused on opinion leaders and top business decision-makers; It's about world’s largest companies, investing, careers, and small business. It is...
needs. He joined with Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
in 1999, in a securities trading and investment banking joint venture. This partnership ended in 2007, with Kampani selling his stake in brokerage for $445 million, and buying Morgan Stanley's stake in investment banking for $20 million.
He is currently the chairman of JM Financial, and holds directorship in several other companies. He works with his younger brother Ashith Kampani and his son Vishal Kampani, and lives in Cuffe Parade
Cuffe Parade
Cuffe Parade is an upmarket neighbourhood in South Mumbai. It is in the southernmost region of the city just north of Navy Nagar. To the north of Cuffe Parade lies Badhwar Park, Ambedkar Nagar the slum area of the Cuffe Parade.-History:...
in the city of Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
.
His son was among those held hostage at the Taj Mahal Hotel in Mumbai, during the November 2008 Mumbai attacks, who were rescued by NSG
NSG
NSG may stand for:*National Security Guards *National Street Gazetteer *Nippon Sheet Glass*NOD SCID gamma immunodeficient mouse strain*Nordic Polish Support Group*Nordic Sound Group*North Sea Gas*North Sydney Girls High School...
commandos on 27 November.
The Andhra Pradesh HC quashed the lookout notice against him, acquitting him of charges and paving the way to return to India.