Nimesh Kampani

Nimesh Kampani
Born	September 30, 1947 (1947-09-30) (age 64) Mumbai, India
Residence	Mumbai, India
Nationality	Indian
Occupation	Businessman
Religion	Jain

Nimesh Kampani (born 30 September 1947) is an Indian 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.^[1] 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.^{[citation needed]}

He is currently the chairman of JM Financial, and holds directorship in several other companies.^{[citation needed]} 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^[2] and paving the way to return to India.

References

• http://groups.google.com/group/soc.culture.indian.marathi/browse_thread/thread/7ca7632e2961a403
• http://news.oneindia.in/2009/05/04/nimesh-kampani-bail-plea-refused.html
• http://www.rediff.com/money/2009/apr/13nimesh-kampani-faces-arrest-nagarjuna-scam.htm

1. ^ JM Financial
2. ^ [1]