>  Board of Directors
Board  of Directors

Dr. Sudip Kumar Nanda
Chairperson & Public Interest Director
  • Dr. S.K. 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 around 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.

  • Present Assignments of Dr. Sudip Kumar Nanda are as under:
    • Advisor, National Disaster Management Authority, India
    • National Chief Commissioner, Hindustan Scouts and Guides, India
    • Chairman, Society for Village Development in Petro Chemical Areas (SVADES), Vadodara
    • Chairman Mumbai Management and Research, Mumbai.
    • Chairman, Jaganath Cultural Academy and Research Centre, Gujarat

Mrs. Snehlata Shrivastava
Public Interest Director
  • Worked as first woman Secretary General, Lok Sabha (Parliament of India), from 1st December, 2017 to 30th November, 2020.

  • Before that as an officer of Indian Administrative Service (IAS) and during the 35 years of Government Service, held various positions in the State Government of Madhya Pradesh and also served in various capacities in different Ministries of Govt. of India - Ministry of Home Affairs, Finance & Law & Justice.

  • Retired as Secretary, Department of Justice on 30 September 2017.

  • As Special / Additional Secretary, Department of Financial Services, Ministry of Finance, dealt with Banking, Insurance & Pension Funds and was Government appointed Director on the Boards of Industrial Development Bank of India (IDBI), Life Insurance Corporation (LIC), General Insurance Corporation (GIC) & National Bank for Agriculture & Rural Development (NABARD).

  • Had the privilege of working in Lok Sabha during the constitution of 17th Lok Sabha. Many IT related initiatives were taken to minimise use of paper and for working with speed and efficiency. Travelled widely to various countries while in government and then in Lok Sabha for Parliament Diplomacy.

Shri Prabhat Chandra Koul
Public Interest Director
Mr. Koul was Additional Secretary, Lok Sabha Secretariat, New Delhi and is highly conversant with the nuances of functioning of Parliament, Government and Multilateral Institutions at different levels.

Has experience and expertise in financial matters, budgeting, budgetary analysis, financial oversight, socio-economic and developmental processes, international finance and various aspects relating to financial planning at both macro and micro levels while working with / in coordination with the following Parliamentary entities and multilateral organizations

Committee on Estimates, Public Accounts Committee, Committee on Public Undertakings, JPC to enquire into irregularities in securities and banking transactions, Department related Standing Committees on Finance, External Affairs, Urban Development and Housing, Information Technology, Agriculture and Petroleum & Chemicals, Inter Parliamentary Union, Geneva, Commonwealth Parliamentary Association, London, World Bank, International Monetary Fund, World Trade Organization etc.

Apart from above acquired experience of various facets of Parliamentary, Legislative, Government and Public Service viz.

Administration, Budgetary Scrutiny and Analysis, Coordination and Liaison, Developmental Strategies, Establishment Matters, Financial Planning and Management etc. while serving the following

Government of India
Armed Forces Headquarters, Ministry of Defense

Parliament of India
  • Committee on Estimates
  • Subject Committee on Science and Technology
  • Subject Committee on Environment and Forests
  • Subject Committee on Agriculture
  • Joint Committee to Enquire in Irregularities in Securities and Banking Transactions
  • Railway Convention Committee
  • Committee on Petroleum and Chemicals etc.
Mr. Koul is M.Sc. (Botany), Meerut University - 1983

Shri. Sameer Patil
Shareholder Director
Shri Sameer has more than 23 years of experience with a deep understanding of traded equity and debt assets classes, underlying physical commodity markets, and global Index /FX / interest rate / commodity derivatives in both exchange and OTC markets. In his present role as Chief Business Officer, he spearheads the entire BSE group’s Business Development and Marketing function which includes trading and distribution functions, as strategic ventures of the exchange. Under his leadership, BSE has seen a revival of market share in tradition business segments such as equity, equity derivatives, currency derivatives and fixed income segments. He is also instrumental in BSE’s business expansion and leadership in newer areas such as interest rate options, and commodity derivatives markets

He was instrumental in conceptualization and setting up of India’s first International Exchange in GIFT CITY IFSC – “INDIA International Exchange “– where he oversees the Business Development and Marketing function. In a very short time period, India INX has witnessed a single day turnover of over US$ 30 billion and a market share of over 90 percent. He is also credited to launch first of its kind outbound platform India INX GA in GIFT CITY IFSC for Indian Investors to access Global Exchanges like CME, LME, ICE etc.

Due to his rich experience and professional skillset, he is part of various committees and working groups of the Government of India, regulatory bodies like SEBI / IFSCA / Niti Aayog and Global bodies and associations. In this role he has played a key role in the conceptualizing of Gold Spot Exchange in both GIFT city and India Domestic Zone and launch of World’s first ‘Options in Goods’ in commodity segment.
In his previous assignment as Senior Vice President (PKMT & Business Development) at MCX, where he was one of the core founding team Member responsible for the setup of the commodity exchange in India. He is credited for successful launch of the flagship contracts on MCX 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. During his tenure at MCX, he was also instrument in successfully launching and heading business functions at domestic exchanges like MCX and MCX-SX, and International Exchanges including:
  • Dubai Gold and Commodities Exchange (DGCX - Dubai)
  • Singapore Mercantile Exchange (SMX – Singapore)
  • Bahrain Financial Exchange (BFX – Bahrain)
  • Global Board of Trade (GBoT – Mauritius)
  • Bourse Africa (Botswana)
He began his career with K J Investors Services (I) Pvt. Ltd., an affiliate of Cargill Investors Services, Illinois, Chicago, USA as Senior Financial Analyst.
  • India INX Global Access IFSC Limited
  • Indian Clearing Corporation Limited
  • BSE E-Agricultural Markets Limited
  • BSE Sammaan CSR Limited
  • CDSL Commodity Repository Limited
  • India International Exchange (IFSC) Limited
He is considered a credible and trusted domain expert in a diverse areas ranging from commodities trading, Index development, Hedging Strategies, Financial Product Design & launch, and physical market outreach. He is awarded the “India UAE business Ambassador of the year 2018” at Abu Dhabi for his achievements in financial markets globally. He is Science Graduate from Mumbai University and MBA in finance.

Shri Sushil Kumar
Shareholder Director
  • Shri Sushil Kumar had joined State Bank of India as a Probationary Officer in the year 1998 and has held various important assignments in the Bank.
  • He is a Graduate in Economics, completed CAIIB, and is a Certified Treasury Professional. He is an energetic and career banker with over 25 years of experience in wide spectrum of banking in State Bank of India.
  • Headed one of the bank’s apex training institute as Director, handled retail operations while working as DGM (B&O) at Bikaner, Rajasthan.
  • He had handled different arrangements in bank’s treasury operations in India. Shri Kumar had headed Treasury Department of Australia Operations, managed diverse portfolios and handled high level clients across India while heading Marketing units of Treasury operations.
  • Presently, posted as Regional Head, SBI South Asia at SEZ GIFT CITY Gandhinagar, overseeing Gift City IBU, Sri Lanka, Bangladesh, Myanmar and Maldives Operations.

Mr. Arup Mukherjee
Managing Director & CEO
  • Mr. Arup Mukherjee is the Managing Director & CEO of the India International Clearing Corporation (IFSC) Limited.

  • Mr. Arup Mukherjee has over 35 years of work experience of which around 32 years has been in the Securities Industry.

  • He has worked previously with the Indian Clearing Corporation Limited ("ICCL"), National Stock Exchange of India Limited ("NSE"), Indian Seamless Financial Services Limited and the Stock Holding Corporation of India Limited ("SHCIL"). He has wide ranging experience in trading operations, equity markets, derivatives, debt markets, surveillance, risk & regulatory, membership, investor services, arbitration, compliance, index services, training and education etc.

  • Mr. Mukherjee joined NSE in 1994 when the Exchange commenced its operations. At NSE, he had set up the Listing Department and the India Index Services & Products Ltd. (now a subsidiary of NSE, namely NSE Indices Limited) where he served as its first Chief Executive Officer ("CEO"). He was on various internal committees such as the Index Maintenance Committee and the Internal Committee for Minor Actions (ICMA) against trading members.

  • He was also involved in conceptualising and setting up various systems such as listing database system, derivatives surveillance system, index management system etc. and launching of derivatives products such as single stock futures and options, index options and interest rate futures.

  • Mr. Mukherjee joined ICCL (a wholly owned subsidiary of the BSE) in December 2014. At ICCL he handled the regulatory and compliance functions and was the company's Chief Regulatory Officer (CRO).

  • Mr. Mukherjee is a Bachelor of Commerce and Master of Management Studies from the Mumbai University.