IIFL Capital Services Limited has appointed Mr. Amit Gupta as the new Chief Compliance Officer (CCO), effective June 15, 2026. He will also serve as a Senior Management Personnel. This appointment follows a circular resolution passed by the Board of Directors. Mr. Gupta brings extensive experience in regulatory compliance, corporate governance, and risk management, having previously held a key role at ASK Investment Managers. He replaces Mr. Prasad Umarale.
Key Leadership Change at IIFL Capital Services
IIFL Capital Services Limited (formerly IIFL Securities Limited) announced a significant change in its leadership structure. In a board circular resolution passed on June 15, 2026, Mr. Amit Gupta was officially designated as the Chief Compliance Officer (CCO) of the Company. This strategic appointment also includes his identification as a Senior Management Personnel (SMP) of IIFL Capital Services Limited.
Transition and New Appointment Details
Mr. Amit Gupta steps into the CCO role, replacing Mr. Prasad Umarale, whose cessation from the position also took effect on June 15, 2026. Mr. Gupta’s appointment is for full-time employment with the company.
Amit Gupta’s Extensive Experience
Mr. Amit Gupta is a Chartered Accountant with over two decades of experience in the financial services sector. His expertise encompasses regulatory compliance, corporate governance, and risk management. He has a proven track record in areas such as Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), Registered Investment Advisers (RIAs), and Wealth Management. His career highlights include playing a pivotal role in building and strengthening compliance frameworks, enhancing governance standards, and driving effective risk oversight for offshore fund structures and mutual funds.
Prior to joining IIFL Capital Services, Mr. Gupta served as the Group Chief Compliance Officer at ASK Investment Managers. In this capacity, he was instrumental in leading regulatory compliance, liaison, and enterprise-wide compliance transformation initiatives. His background includes extensive experience in regulatory affairs, policy advocacy, compliance automation, and risk monitoring, working closely with domestic and global stakeholders, regulators, and industry bodies.
Source: BSE
