JM Financial Strengthens Top Leadership Team
Appoints Chirag Negandhi as Managing Director, JM Financial Limited

Mumbai, December 15, 2023: JM Financial, an integrated and diversified financial services group, has announced that it has strengthened its leadership team with the appointment of Chirag Negandhi designated as Managing Director, JM Financial Limited. In this role, Chirag will oversee various businesses of the Group which includes Institutional Equities, Equity Capital Markets, Private Wealth, Alternative Investments, Portfolio Management Services and Real Estate Advisory. 


Chirag brings with him over two decades of leadership expertise in capital markets. Prior to joining JM Financial, he worked with Axis Capital. Chirag has led some of India’s largest equity raises and worked closely with several leading corporates. A management graduate from Purdue University, Indiana, USA. Chirag is also a recipient of the prestigious ’40 under 40’Award by the Economic Times.


Welcoming Chirag Negandhi, Vishal Kampani, Non-executive Vice Chairman, JM Financial Ltd said, “We are delighted to have Chirag on board. He is a significant addition to our senior leadership team. Chirag, with his wealth of experience, deep understanding of the market, proven track record of delivering value and strategic vision will further strengthen our growth outlook. I welcome Chirag to the JM Financial group and wish him success in his leadership role.”


Commenting on his appointment, Chirag Negandhi said, “I am excited to join JM Financial, a pioneering institution which is on a growth path. I look forward to contributing to the growth and legacy of the group. With the talented team across JM Financial, we’ll work towards capturing emerging opportunities and taking business to the higher trajectory.” 



About JM Financial

JM Financial is an integrated and diversified financial services group. The Group’s primary businesses include (i) Investment Bank (IB) caters to Institutional, Corporate, Government and Ultra High Net-worth clients and includes investment banking, institutional equities and research, private equity funds, fixed income, private wealth management, PMS, syndication and finance; (ii) Mortgage Lending includes both wholesale 


mortgage lending (primarily catering to real estate developers) and retail mortgage lending (affordable home loans and secured MSME); (iii) Alternative and Distressed Credit includes the asset reconstruction business and alternative credit funds; and (iv) Asset management, Wealth management and Securities business (Platform AWS) provides an integrated investment platform to individual clients and includes elite and retail wealth management business, broking and mutual fund business. 

The Group is headquartered in Mumbai and has a presence across 814 locations spread across 222 cities in India. The equity shares of JM Financial Limited are listed in India on the BSE and NSE.

For more information, log on to or contact:

Nishit Shah 

Group Chief Financial Officer 

Tel : +91 22 6630 3522
Email : 

Manali Pilankar

Corporate Communications

Tel : +91 22 6630 3475