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Board of Directors
> Board of Directors
Board of Directors
Directorship in other entities
Mr. Ashishkumar Chauhan
Non Executive Chairman
Mr. V. Balasubramaniam
Managing Director & CEO
Dr. Ajit Ranade
Dr.SK Nanda (IAS)
Mr. Ashishkumar Chauhan
Non Executive Chairman
Ashish is the MD & CEO of BSE (Bombay Stock Exchange), the first stock exchange of Asia. He is one of the founders of India's National Stock Exchange ("NSE") where he worked from 1992 to 2000. He is best known as the father of modern financial derivatives in India due to his work at NSE. He was instrumental in setting up India's first fully automated screen based trading system and first commercial satellite communications network. He also created several path breaking frameworks including Nifty index, NSE certifications in financial markets etc.
From 2000 to 2009, he worked as the President and Chief Information Officer of Reliance group and was also the CEO of the cricket team Mumbai Indians in its formative years. He also handled additional responsibilities as the Head, Corporate Communications for Reliance Group from 2005 – 2006.
He joined BSE as Deputy CEO in 2009 and was appointed as CEO in 2012. He is credited with reviving BSE including making it the fastest Exchange in the World with less than 6 microseconds response time, introduction of Mobile Trading first time in India, state of the art online real time surveillance system, introduction of several market leading products like SME, Currencies, Mutual Funds, Corporate Bonds distribution, Offer for Sale, Offer to buy etc. He was also instrumental in setting up India's First International Exchange "India International Exchange", which was inaugurated by the Hon'ble Prime Minister of India Shri Narendra Modi in January 2017 at Gandhinagar, Gift City. He has successfully completed the IPO of BSE which was pending for over 10 years. BSE IPO was oversubscribed 51 times with close to 12 lakh applications in January 2017.
Ashish has won several International and Indian awards including:
Distinguished Alumnus Award 2016 - IIM Calcutta
CEO of the Year, Diamond Sabre Awards 2015, Hong Kong
Indian Business Leader of the Year, Horasis Interlaken/Switzerland 2015
RH Patil Award for Excellence in Financial Services, June 2015
Distinguished Alumnus Award, Indian Institute of Technology, Bombay, 2014
Best CEO in the Financial Markets in the Asia Pacific by the Asian Banker, 2014
Zee Business Awards- Special contribution in Commodities and Capital Market, 2013
TOP 50 CIOs, Information Week, US, 2009
He holds a B Tech in Mechanical Engineering from IIT Bombay and a PGDM from IIM Kolkata. He is a Distinguished Visiting professor at Ryerson University, Toronto, Canada.
Due to his work in various fields spanning a quarter of a century, he is considered one of the foremost experts in the fields of Information Technology, Finance, Markets, Micro structure of markets, cricket, telecommunications, organized retail, Oil & Gas refining and Indian social issues.
He is the Chairperson on the Board of Governors (BoGs) of the National Institute of Technology (NIT) Manipur and an Independent Director of the ICSI Insolvency Professionals Agency, a 100% subsidiary company of The Institute of Company Secretaries of India. He is the Chairman of South Asian Federation of Exchanges (SAFE), a forum of 28 member entities from the SAARC region and neighbouring countries which aims to provide platform to share, exchange and promote the technologies, experiences for the rapid growth and development of capital markets and regional as well as global integration. He is a member of the Advisory Committee of Ministry of Micro Small and Medium Enterprises (MSME). He is an Advisor to the Technical Evaluation Committee set up by the Department of Posts for Postal Bank and also a part of several other committees of World Federation of Exchanges ("WFE"), Government of India ("GOI"), Reserve Bank of India ("RBI"), Securities and Exchange Board of India ("SEBI"), Central Board of Direct Taxes (CBDT), Confederation of Indian Industry ("CII"), Federation of Indian Chambers of Commerce and Industry ("FICCI"), Indian Merchants Chamber ("IMC"), India UK council ("UKIBC") etc. He is also a Member of the Advisory Committee of the proposed Mumbai University School of Economics and Public Policy. He is also associated with several NGOs and education institutions. His quotes and writings have been published in various newspapers, magazines and journals in India and abroad.
Mr. V. Balasubramaniam
Managing Director & CEO
Mr. V. Bala is the founding Managing Director and Chief Executive Officer of India International Exchange IFSC Ltd. (India INX) the first International Exchange from India in GIFT City International Financial Services Centre Special Economic Zone which started its operations from JAN, 2017 and a wholly owned subsidiary of BSE (Asia's first stock exchange). He also holds board position in the following organisations -
BSE Institute Limited – Education business,
BSE Sammaan - CSR Exchange and
India International Clearing Corporation IFSC Limited.
Prior to this, he was the Chief Business Officer of BSE heading the business development encompassing all business segments viz. Equities, Equity Derivatives, Debt, Interest Rate Futures, Currency Derivatives, Mutual Fund Distribution platform and SME platform. In addition to the markets business, he was also responsible for the listings and data business of BSE and managing the entire trading operations and membership operations.
He has over 25 years of experience in the Capital Markets industry and has previously worked with Reliance Group as Vice President and was also as co-founder of Marketplace Technologies Limited which was acquired by BSE.
He was also part of the core team involved in setting up the National Stock Exchange of India. He was instrumental in creating the Capital Market segment, Nifty Index creation, setup of NSCCL as the first clearing corporation in India, NCFM certification creation and the Futures and Options segment inter-alia.
He has served in the board of Central Depository Services (India) Limited, Futures Industry Association – Asia, Co-Chair of FICCI Capital Market Committee etc.
He has Masters in Commerce from the University of Mumbai, Rank holder from the Institute of Cost Accountants of India, Diploma from Institute of Chartered Financial Analysts of India and is a Certified Information Systems Auditor.
Dr. Ajit Ranade
Dr. Ajit Ranade is an engineer and MBA and received a PhD in Economics from Brown University, USA. He received the Distinguished Alumnus Award from IIT Bombay in 2009, Scholar of the Year Award from Wadia Trust in 2010, and Dr. Ramchandra Parnerkar Economics Award in 2012.Dr. Ajit Ranade is Senior President and Chief Economist with the Aditya Birla Group. Ranade was earlier with ABN Amro Bank.
He was a member of the Capital Account Convertibility Committee and the FEMA Review committee of the Reserve Bank of India and was also a member of the Governing Council of the Banking Codes and supervisory Board of India.
He is a Member of the National Executive Committee of the Federation of Indian Chambers of Commerce and Industry and a Member of the Economic Policy Council of the Confederation of Indian Industry. He is Chair of the Research Advisory Panel of the Indian Institute of Banking and Finance.
He served as a member on the Board of MCX. He is a board member of the Gokhale Institute of Politics and Economics, and chairs the Academic Council of Meghnad Desai Academy of Economics.
Dr. SK Nanda (IAS)
Dr. SK Nanda (IAS), holds a Ph.D. on Rural Economics, LL.B and LL.M from Gujarat University, and Master's degree in Political Science from Delhi University.
He is a recipient of "India CEO Award 2015", Udhyog Ratna Award, Global Leadership Award, Global Visionary Award, Golden Peacock Award and Environment Protection Award. He also has been honored by UNESCO, Subash Chandra Bose award for Communal harmony and public service.
He has more than 35 years of experience at senior levels in the various important Government departments as the Additional Chief Secretary of Home, Principal Secretary of Food & Civil supply, Forest & Environment, Health and as Managing Director of Gujarat State Financial Corporation, Chairman & Managing Director of the Gujarat State Fertilizer and Chemicals Ltd.
Shri Sameer heads the Business Development of BSE including equity & equity derivatives, currency derivatives, commodity derivatives, fixed income, debt and mutual funds
He was instrumental in setting up and is responsible for Business Development of INDIA INX at GIFT CITY IFSC.
He is a Board member of INDIA INX Global Access (INDIA INXGA).
He has about 21 years of experience in financial sectors like Commodities, Currency Derivatives, Indices etc and has experience in Trading, Hedging Strategies, Product Designing and Business Development
He was associated with MCX Ltd. (MCX) since inception and worked with the company for more than a decade as the Senior Vice President – PKMT (Precious Metals) & Business Development at MCX and He was also associated with the K J Investors Services (I) PVT LTD, an affiliate of Cargill Investors Services, Illinois, Chicago, USA as Senior Financial Analyst
He is credited for the successful launch of the flagship contracts on MCX such as the Gold, Silver, WTI Crude Oil and Copper contracts. The Gold Petal contract launched on April 18, 2011 was awarded as the Best Innovative contract of the year by FOW Singapore.
He was awarded the “India UAE business Ambassador of the year 2018” at Abu Dhabi and was nominated for the prestigious IIFC award for excellence in respective fields. Past recipients of the awards being Mother Teresa, APJ Kalam, Rajesh Khanna, Sunil Gavaskar etc.
He is a Science Graduate from Mumbai University and MBA in finance.
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At India INX, we continuously upgrade ourselves and strive to provide world-class service. India INX is committed to operating a fair and orderly market that is both technology-driven as well as is fast paced, with an edge of efficiency.
India INX believes that employees are the driving force for its ambitious growth plans, and hence the focus is on attracting motivated, adaptable employees with a customer service focus, strong team spirit and sharp business acumen to fulfil our dreams.
India INX is committed to creating and maintaining a culture that fosters an inclusive, diverse workforce; and an environment in which every employee has the opportunity to demonstrate his or her potential by performing to meet the challenges ahead. In short meritocracy is the order that we respect.
India INX offers every employee a very congenial and vibrant working environment, conducive to bringing out the best in every employee.
If you are looking for a challenging career, in the fast-growing financial market and thrive in a fast-paced environment, explore your options at India INX.
Further, India INX is also inviting application for internship for various departments.
For more details, send your CV to
having job id in the subject line
Job Profile: - Management Trainee
Number of Opening:
GIFT City - Gujarat
Assistant General Manager
Transforming Complex Business Requirement into Functional Specification and creating Business Requirement Document.
Performing Feasibility Analysis, Scopes, Projects and Working with the Business Team to prioritize deliverable and negotiate on Product Functionalities.
Identification and Establishment of Scope and parameters of System Analysis to define Result Criteria.
Communication with the System Programmers for Specifications and Directions.
Coordinate and Perform in-depth tests, including User Acceptance Testing for Modified and New Systems and other Post Implementation Support.
Leading Demonstrations of Newly Developed Functionalities prior to Release.
Holding Orientation and Training Sessions for Business Users over all the Modified and New Systems.
0 – 1 Year
Engineering (Preferably IT Background),MBA.
Proficiency in MS EXCEL, WORD, POWERPOINT, OUTLOOK, Knowledge of the Financial Markets and Comprehensive Communication Skills.
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