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Management Team

  • Mr. V. Balasubramanian(Bala)has close to 3 decades of experience and 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 currently 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 close to 3 decades 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 Phanse has around 26 years of work experience in senior roles in operations and functional consulting across the securities markets, insurance and banking sectors.
  • He has been part of leading organisations in the Indian financial services like the National Stock Exchange of India Ltd, Stock Holding Corporation of India Ltd., Tata AIA Life Insurance, Birla Sun Life Insurance and ICICI Bank.
  • He has wide ranging experience in handling core operations across Membership, Compliance, Projects, Settlements, Client Services etc.
  • Ajit has done his MBA from the University of Pune, India from where he also completed his doctorate in business management. He has also completed various certifications recognized by the sector regulators across the banking, securities market and insurance services.
  • Mr. Arunkumar Ganesan heads Business and Trading Operations of the exchange.
  • He has more than 20 years of experience in the area of Trading Operations, Clearing & Settlement, custody operations and Internal Controls
  • He has previously worked in NSE, DGCX, HSBC, BFX and L&T in various roles.
  • He is a qualified Chartered Accountant and Cost Accountant
  • 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.
  • Mr. Mayank Jain is currently Chief Financial Officer of the India International Exchange (IFSC) Limited. He is associated with the Exchange Since April 2017.
  • He has more than 8 years of Experience in area of Finance, accounting, treasury.
  • He has previously worked at Tata Communication Limited and BSE Limited.
  • He holds a Bachelors in Commerce degree from Vikram University of Ujjain. He is a qualified Chartered Accountant as well as a qualified Company Secretary.