Nimesh Kampani Explained
Nimesh Kampani (born 30 September 1946) is an Indian investment banker and financier. He is the chairman of the JM Financial group of companies. His personal wealth was valued at US$ 595 million in 2009[1] making him the 83rd richest in India, at that time. The Kampani family's combined direct and indirect equity ownership of JM Financial Ltd is between 60% and 65%. Livemint called him along with Hemendra Kothari and Uday Kotak the "Three K's" of India's leaders in investment banking.[2]
In 2014, the court named him as the mediator in the inheritance dispute between Shardul and Cyril Shroff over the law firm Amarchand Mangaldas, which at the time was India's largest.[3]
Early life and education
Kampani is a commerce graduate from Sydenham College of Commerce and Economics and is a Chartered Accountant.[4]
Career
Kampani co-founded and led JM Financial, an investment bank founded in 1973, which in the course of his career he made into one of India's largest.[5] [6] Kampani co-founded JM Financial with his cousin, Mahendra Kampani. In his career, he played a key role in taking Tata Consultancy Services and Bharti Airtel public, assisted the Indian government in raising $2.4 billion through the partial sale of the Oil and Natural Gas Corporation.[7] Kampani also advised Mukesh Ambani on the demerger of Reliance Industries following the split with his brother Anil Ambani, and later negotiated the deal between Diageo and Vijay Mallya. Kampani facilitated major business alliances, including a telecommunications partnership involving Ratan Tata, Kumar Mangalam Birla, and AT&T.
In 2016, Kampani stepped down as the managing director (MD) of JM Financial, with his son Vishal succeeding him as MD and Kampani continuing as non-executive chairman.
Controversy
In 2009, Nimesh Kampani was reported to be hiding in Dubai since December 2008 to avoid arrest in India for payment default by a Hyderabad company called Nagarjuna Finance, where he had been an independent director on the board of directors until 1999, for approximately 100 crores.[8] In April 2009, the Supreme Court of India granted a stay on Kampani's arrest on the charges of allegedly defrauding depositors of Nagarjuna Finance.[9] Kampani returned to India in October 2009.[10]
Personal life
Kampani has one son, Vishal.[11]
Notes and References
- Web site: Nimesh Kampani. Forbes. 17 May 2013. 16 June 2013. https://web.archive.org/web/20130616021507/http://www.forbes.com/lists/2009/77/india-billionaires-09_Nimesh-Kampani_9SH7.html. live.
- News: Lessons in investment banking: Vishal Kampani. Malvika Joshi. 7 March 2013. Mint. 6 September 2015. 19 July 2015. https://web.archive.org/web/20150719141428/http://www.livemint.com/Companies/p1B4P1IluUuMNor9hIjeuI/Lessons-in-investment-banking-Vishal-Kampani.html. live.
- News: Court orders mediation over Amarchand Mangaldas ownership. Abhineet Kumar. 19 November 2014. Business Standard. 6 September 2015. 24 September 2015. https://web.archive.org/web/20150924070713/http://www.business-standard.com/article/finance/court-orders-mediation-over-amarchand-mangaldas-ownership-114111900007_1.html. live.
- Web site: Deal-Meister. 25 November 2015. 25 November 2015. https://web.archive.org/web/20151125222811/http://archives.digitaltoday.in/businesstoday/20020106/cover.html. live.
- Book: Vijayaraghavan, Nandini . Unfinished Business: Evolving Capitalism in the World's Largest Democracy . 23 January 2023 . Penguin Random House India Private Limited . 978-93-5492-874-1 . en.
- Web site: Sanjai . P.R. . Doshi . Ankit . 3 August 2016 . Nimesh Kampani to step down as J.M. Financial chairman and MD . 3 November 2024 . Mint.
- News: PM . Indulal . Barman . Arijit . 2016-08-03 . India Inc's most trusted confidante Nimesh Kampani to step down as the chairman and MD of JM Financial . 2024-11-03 . The Economic Times . 0013-0389.
- Web site: Choudhury . Gaurav . 2009-03-26 . Who or what sent Kampani into hiding? . 2020-11-04 . Hindustan Times . en . 6 January 2018 . https://web.archive.org/web/20180106093506/http://www.hindustantimes.com/business/who-or-what-sent-kampani-into-hiding/story-Og0Fp0yUnyU3jYbwd3sN1H.html . live .
- Web site: Nayak . Malathi . 2 April 2009 . SC stays arrest, paves way for Kampani to return to India . 4 November 2024 . Mint . 16 November 2022 . https://web.archive.org/web/20221116153048/https://www.livemint.com/Companies/FtykUwvpD8BaOWGhK0UclJ/SC-stays-arrest-paves-way-for-Kampani-to-return-to-India.html . live .
- Web site: Chatterjee . Dev . 3 August 2016 . India's ace deal maker Nimesh Kampani passes baton to son . 4 November 2024 . Business Standard . 28 January 2023 . https://web.archive.org/web/20230128111447/http://www.business-standard.com/article/companies/india-s-ace-deal-maker-nimesh-kampani-passes-baton-to-son-116080200871_1.html . live .
- Web site: 2016-08-03 . Nimesh Kampani retires, son takes over top post . 2024-11-03 . Deccan Chronicle . en.
