Mr. Nishit Shah
Mr. Nishit Shah
Group CFO – JM Financial Limited

Joined Citibank NA as an industrial trainee in 2003-04 in the bank’s financial planning and analysis division.

Started his career as a full-fledged professional in December 2004 when he joined Morgan Stanley as an analyst in their Investment Banking division. During his stint in Morgan Stanley, he worked with teams in Asia, Europe and the US on large fundraising and mergers and acquisition transactions in the media and telecom sector. He also completed a rotation program at the investment banking offices of Morgan Stanley in London.

Joined Investment Banking division of JM Financial in 2007 wherein he led several large sized and complex fundraising, mergers, acquisitions and restructuring transactions primarily in the financial services sector.

After working for twelve years in Investment Banking, he joined the Business Strategy and Investor relations division of JM Financial Group. He has been leading the Group’s strategic initiatives, financial planning, debt raising through private placement and public issues, restructuring, and has been playing an integral part in the roll out of new businesses, equity fundraising, and other corporate actions. He is also leading the planning and raising of debt resources for JM Financial Group as well as the Group’s treasury investments. He is a member of JM Financial Group’s Asset Liability Management Committee.

In 2019, he was appointed as the Chief Financial Officer of JM Financial Products Limited, a Non-Banking Financial Company. He heads the financial planning, accounting, borrowing and treasury functions. He is a member of the Asset Liability Management Committee and the Risk Management Committee of JM Financial Products Limited.

Rank holder Bachelor of Commerce graduate from Mumbai University 2003 batch and a rank holder Chartered Accountant (2004) from the Institute of Chartered Accountants of India. He has also successfully completed the Chief Financial Officer Programme from the Indian Institute of Management, Calcutta.

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