Nirmal Jain is considered among India's most successful entrepreneurs since economic liberalization. He is credited with building one of India's most diversified financial services groups with three listed entities - IIFL Wealth (India's leading non-bank wealth advisor), IIFL Finance (India's leading retail oriented NBFC) and IIFL Securities (India's leading full-fledged broker). He is also the founder of 5paisa.com, India's only listed and third largest discount broker. IIFL also has India's no 1 investment banker for equity issuances and one of the largest institutional broking and research arms with a coverage of 250 companies catering to 400 global institutions and corporates. The company is backed by Marquee investors like Fairfax, General Atlantic and CDC Group.

In an interview with Bloomberg's Rishaad Salamat and Haslinda Amin, Mr Nirmal Jain, Chairman at IIFL Group discusses on Indian market, retail investors growth, Budget 2021 and more.

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Video Courtesy: Bloomberg TV.

Timestamps:
00:00 - Introduction
00:10 - Is the contraction sustainable?
01:37 - Opportunities
03:10 - Cause for Concern
04:58 - Reforming Business
06:52 - Best Way to Play

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