IIFL Capital Services Limited has announced the appointment of Mr. Vasudev Jagannath as an Additional Director and Whole-Time Director. This strategic move, approved by the Board of Directors on October 28, 2026, is part of a planned leadership succession. Mr. Jagannath brings nearly two decades of experience and will also be re-designated as Managing Director from January 1, 2027, subject to approvals.
Leadership Appointment at IIFL Capital Services
IIFL Capital Services Limited has officially announced the appointment of Mr. Vasudev Jagannath to its board as an Additional Director and Whole-Time Director. This significant move was approved by the company’s Board of Directors during their meeting held on October 28, 2026. Mr. Jagannath’s tenure as a Whole-Time Director is set for a period of three years, pending necessary shareholder and regulatory approvals.
Strategic Leadership Succession
The appointment is a key component of a planned leadership succession strategy designed to ensure a seamless transition and continuity within the company. In line with this strategy, the Board has also approved the re-designation of Mr. Vasudev Jagannath as the Managing Director, effective from January 1, 2027. This role is also slated for a three-year term, contingent upon requisite approvals. The company aims to maintain stability in its strategic and business priorities with this transition.
Expertise and Experience
Mr. Vasudev Jagannath possesses extensive experience, having served the company for nearly two decades. His deep institutional knowledge and broad leadership acumen are expected to be instrumental as IIFL Capital Services embarks on its next growth phase. Before his current role, Mr. Jagannath led Institutional Equities at IIFL and has over thirty years of experience in the capital markets, including previous roles at CLSA.
Confirmation of Eligibility
In accordance with regulatory requirements, the company confirms that Mr. Vasudev Jagannath is not debarred from holding the office of Director by any order passed by any regulatory authority.
Source: BSE
