L/O/G/O

A Presentation On MR. NIRMAL JAIN(Indian Infoline Ltd)

Presented By:Kishan R. Bhalodiya (B-29)Parth V. Patel (C-01)

IT’S ALL ABOUT MONEY, HONEYIT’S ALL ABOUT MONEY, HONEY

• An MBA from IIM Ahmedabad who's completed his CA and Cost Accountancy.

• The first job Mr. Nirmal took from campus was with Hindustan Lever.

• He worked there for five years, 1989 to 1994.• “At HLL, Mr. Nirmal was handling commodities like

peanuts and oil.

• “Having a strong academic background as well as a mindset for financial services Mr. Nirmal thought I'll get into this.” But he was clear that he eventually wanted to be an entrepreneur.

• He setup Inquire, an equity research unit, in collaboration with Motilal Oswal and Ramdev Agrawal in 1994.

• Unfortunately, this business did not achieve traction and had to be shut down.

• His second venture, Probity Research and Services Private Limited (now known as IIFL), in 1995.

• Starting Probity Research, an equity research firm, really paid off. The nineties was the time the Indian masses had discovered the stock exchange as an investment vehicle and they needed all the advice they could get to understand this uncertain environment.

• By 1999, Probity Research had a turnover of almost one crore and things were looking good. But Mr.Nirmal was not happy as he wanted to try for something much bigger.

Turning point……!!Turning point……!!• The year 1999 was a turning point. In fact, turning point is too

mild a word for the direction Probity would take. It was a complete change of direction.

• “The internet was becoming very popular, US media was talking of internet all the time.

• Mr. Jain was one of the first entrepreneurs in india to seize the internet opportunity, with the launch of www.indiainfoline.com

• Mr. Nirmal’s vision of giving away free reports brought small investors to his platform. In a single stroke, the customer base expanded from 250 to 2.5 million.

• Mr. Nirmal put up all our research free on our website.

• One of the key features that have allowed Mr.Nirmal Jain to expand his business is continuous diversification.

• When it became apparent that IIFL could not stay afloat on only research reports, Mr.Nirmal started 5paisa.com, an online equity brokeraging firm.

Mr.Nirmal had the ambition to ‘make it big’.Mr.Nirmal had the ambition to ‘make it big’.

• Then there is competition. No doubt many other companies also saw the scope in internet trading including the likes of ICICI Bank, HDFC Bank and a number of foreign players.

• Mr.Nirmal believes India Infoline survived because of its “entrepreneurial way of doing things.” And putting in a lot of hardwork in technology and research.

• Mr. Nirmal also believes his technology offering is superior in terms of speed, flexibility and ease of use. “It's like a retail customer's Bloomberg you get stock prices, charts, information, streaming quotes. It's very addictive.”

Company OverviewCompany Overview

• India Infoline originally incorporated on October 18, 1995 as PROBITY RESEARCH AND SERVICES PVT LTD.

• The name of the Company was changed to India Infoline.com Limited on May 23, 2000 and later to India Infoline Limited on March 23, 2001. It is the first Company in India to foray into the online distribution of Mutual Funds

• The company has a network of 976 business locations (branches and sub-brokers) spread across 365 cities and towns. It has more than 800,000 customers. It is registered with NSDL as well as CDSL as a depository participant

Three decisions are crucial to start a business which Mr. Nirmal Jain did carefully. Decisions are as follows ;Three decisions are crucial to start a business which Mr. Nirmal Jain did carefully. Decisions are as follows ;

Choosingthe marketChoosingthe market Timing of entryTiming of entry Scale of entry Scale of entry

Any successful business

1] Choosing the market: He segmented his market in to two ways; educated people who can do business through internet and uneducated people who can do business by making calls to the company.

2] Timing of Entry : He knew that the timing of his business has come .i.e. the perception of people of India is changing and at the same time government is also taking initiatives to develop this sector.

3] Scale of Entry : He also chose this very smartly.

AwardsAwards

• Nirmal jain was nominated in the year 2000 and 2007 for the 'Ernst & Young Entrepreneur of the Year' Award and in both the years he has a finalist.

• Nirmal Jain has received the 'Udyog Rattan Award 2007' from the institute of Economic Studies.

• Nirmal Jain won the CA Business Learder – Corporate award of the year 2007

Edward De Bono Six Hat

Green hat -- creativity and innovation

Yellow hat – positive thinking

Mr. Nirmal Jain wears Green hat of Edward De Bono Hat and he also wears Yellow hat is positive thinking.

QualitiesQualities

Ambitious

Risk taker

Flexibility

Vision and Foresight

Early starter

Enthusiastic & passionate

Advise by Nirmal JainAdvise by Nirmal Jain

Build a core team.

Be prepared to fall.

Don’t attach emotions with business.

Do job before starting business.

Only one leader.

Entrepreneurship is risky, you should be prepared to fail. If you

cant handle failure , then its not your cup of tea.

It’s a game of probabilities. You have to be sporting.. However

good you may be, you may get out for a duck

What you do” is not so important, “how you do it” is what matters

BibliographyBibliography

• www.indianinfoline.com

• Business India November 1, 2009 (Page No:66)

• Stay Hungry Stay Follish By Rasmi Bansal (Page No:159 to 164)