>  Board of Directors
Board  of Directors

Dr. A. M. Sherry
Chairman and Public Interest Director
  • Dr. A. M. Sherry is Department of Economic Affairs, Ministry of Finance, Chair Professor, Financial Markets, Head / Chair of School of Financial Markets and Microsoft Innovation Hub, at the Arun Jaitley National Institute of Financial Management at Ministry of Finance, Government of India.

  • He has over 27 years of experience in Teaching, Research and Consulting in Finance, Accounting, and Financial Markets.

  • He has guided more than 200 Research projects and published/presented research papers in National/International Conferences/ Journals. As a trainer, he has conducted more than 100 training programmes for officers of Central Government, State Governments and Public Sector Undertakings.

  • As a Head of the Research Team of Department of Economic Affairs & Arun Jaitley National Institute of Financial Management (DEA-AJNIFM) Research Programme, he has contributed as a Team Leader in more than 50 Policy Research Reports in the last 5 years which includes AIF Taxation in India (A Comprehensive Review & Analysis), Cyber Security for Indian Securities Markets, Unified Regulator for IFSC, Bond ETF in Indian Securities Market, Direct Market Access to Retail Individual Investors, Minimum Public Shareholding: An Impact Analysis on Price Discovery (A Case Study of CPSEs), and Single Demat Account. He has been instrumental in organizing stakeholder meetings, roundtable discussions and seminars/webinars for the Ministry of Finance which includes Single Securities Markets Code, Investor Charter, Interoperability, Algorithms/ High Frequency Trading, and Rationalization of Stamp Duty.

  • He is an Independent External Person in the Regulatory Oversight Committee of Indian Clearing Corporation Limited, a BSE group company. He is on the Expert Panel of All India Council for Technical Education (AICTE), National Board of Accreditation (NBA), Bureau of Indian Standards (BIS), Indian Institute of Corporate Affairs (IICA), Dr. Ambedkar International Centre, National Law University (NLU), Jawaharlal Nehru University (JNU), YMCA University and Central University of Jammu.

  • He was the Member Secretary of Working Group on Uniform Valuation of Corporate Bonds set up by Department of Economic Affairs, Ministry of Finance, Government of India and was also Member of the Task Force on revision of General Financial Rules setup by Department of Expenditure, Ministry of Finance, Government of India. He has been member in various Committees of The Institute of Chartered Accountants of India such as Board of Studies, Accounting Standard Board, and Committee on Accounting Standards for Urban Local Bodies etc.

  • He has been actively engaged in consultancy projects for various State Governments such as the Government of Odisha, Government of Jharkhand and Government of Haryana and Universities such as, Jamia Milia Islamia and Indira Gandhi National Open University in the area of Public Financial Management.


Dr. Sudip Kumar Nanda
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. 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.
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.