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IIFL’s profit rose 32% to Rs 2.36 billion in the quarter ended December 31.(Picture courtesy: Nirmal Jain official Twitter handle)

Mumbai banker becomes a billionaire by managing wealth of India’s new rich

By Blake Schmidt | Bloomberg
UPDATED ON MAR 16, 2018 12:00 PM IST
Nirmal Jain’s IIFL Holdings Ltd. more than doubled in the past 12 months, a surge that pushed his net worth to $1 billion for the first time this week.
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