IIFL Securities Limited, a leading financial services house, today said that it has appointed Mr. Nemkumar H, Whole-Time Director on the Board, as the Managing Director with effect from May 15, 2024 for a period of 5 years. Mr. R. Venkataraman is currently the Chairman and Managing Director of the company.

The boards of 5paisa Capital Ltd and IIFL Securities Ltd today approved the transfer of IIFL Securities’ Online Retail Trading Business to 5paisa