>  Board of Directors
Board  of Directors

Mr. Ashishkumar Chauhan
  • Mr. Ashishkumar Chauhan is a pioneer in the field of financial markets, information technology and market micro structure. He is one of the founders of India's National Stock Exchange (NSE) (1992-2000) where he set up and operated India's first successful screen based trading, India's first commercial satellite network, Nifty index and India's first certification in financial markets. Due to his efforts for setting derivatives markets at NSE, he is considered father of financial derivatives in India.

  • From 2000-2009, he worked as the President and Group Chief Information Officer (CIO) of Reliance Group, India's largest business house. Additionally, he also acted as the Head, Corporate Communications, Reliance Group from 2005 – 2008 and acted as the CEO of Cricket team Mumbai Indians, in its formative years.

  • He joined BSE as Deputy CEO in 2009 and was appointed as CEO in 2012. At BSE he has been responsible for reviving the 142 year old organization over last 8 years and has been instrumental in making BSE the world's fastest exchange with 4 micro seconds response time, setting up market leading franchisees in currencies trading, mutual fund distribution, bond distribution, SME, Offer for Sale etc. He was also successful in getting BSE shares listed with the public issue oversubscribed by more than 51 times.

  • He has also been instrumental in setting up India's first International Exchange, India International Exchange (IFSC) Ltd. (India INX) at the Gift City, Gandhinagar, inaugurated by the Honourable Prime Minister of India on January 9, 2017. He is currently acting as the non-executive Chairman of the India International Exchange (IFSC) Ltd.

  • He holds B. Tech. in Mechanical Engineering from IIT Bombay (1989) and PGDM from IIM Calcutta (1991) both institutions conferred on him a rare honour of Distinguished Alumnus Award (IITB-2014 and IIMC-2016). He has been a recipient of several Indian and International Awards in his career including the Indian Business Leader of the Year, Interlaken/Switzerland (2015), R H Patil Lifetime Achievement award in financial markets, Mumbai (2015), CEO of the Year, Diamond Sabre Awards Hong Kong (2015), Best CEO in the Financial Markets in the Asia Pacific, Asian Banker, Kuala Lampur, Malaysia (2014), Zee Business Awards- Special contribution in Commodities and Capital Market (2013), Top 50 CIOs in the world, Information Week, US (2009), Life Time Achievement Award in IT at Istanbul, Turkey by CTO Forum (2007).

  • He is a part of several Government, Regulatory and other Committees in India and abroad. He and his writings have been quoted in newspapers and magazines frequently. He is a Distinguished Visiting Professor at Ryerson University, Toronto, Canada. He is also associated with several NGOs and education institutions

Mr. Arun Mehta
Independent Director
  • Mr. Arun Mehta is a Fellow Member of Institute of Chartered Accountants of India and Associate Member of Institute of Cost Accountants of India. Mr. Mehta is presently CEO of Arun Mehta & Associates, a consulting firm engaged in providing corporate advisory services. He is an industry professional with over 30 years of experience in CEO/CFO positions across various industries, few of them being - Tobacco, NBFC, Bio Technology, Automobile and Steel sectors.

  • Mr. Mehta was Group CFO/ CEO at Mideast Integrated Steels Limited for the period 2011 - 2012 and a CFO at Asia Motor Works Limited between 2006 and 2010, where he handled financial, legal, commercial, secretarial and strategic planning functions.

  • He also served as Director Finance at Advanced Biochemicals Limited, Head at Autoriders Finance Ltd. and General Manager (Finance) in GTC Industries Ltd.

  • He is a Life Member of Bombay Chartered Accountant Society, Mumbai, Life Member of Western India Automobile Association (WIAA), Mumbai, and was President at PTA Maneckji Cooper Education Society, Mumbai.

  • He is a Guest Faculty at Management Institutes and was a Speaker at 'CFO Rising India' conclave organized by 'The Economist'. He was also invited to by New York Economic Club to attend Annual Lecture by US Federal Reserve Chairman in 2009.

Mr. Alok Mohan Sherry
Independent Director
  • Dr. A. M. Sherry is Professor at the National Institute of Financial Management, & Financial Adviser at Ministry of Finance, Government of India. He is also Programme Chair, Financial Markets.

  • He has over 24 years of experience in Teaching, Research and Consulting in Public Financial Management, Government Accounting, Direct & Indirect Taxes and Capital 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.

  • He is also Head of the Research Team of Department of Economic Affairs & National Institute of Financial Management (DEA-NIFM) Research Programme.

  • He is on Expert Panel of All India Council for Technical Education (AICTE), National Board of Accreditation (NBA), National Law University, and YMCA University.

  • He was Member of the Task Force on revision of General Financial Rules of 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 worked as a Consultant for Government of Haryana, Government of Jharkhand, Government of Odisha, Central Board of Direct Taxes, Indira Gandhi National Open University, Jamia Millia Islamia and Indian Institute of Public Administration.

Mr. V Balasubramaniam
  • V Bala is Managing Director of the India International Exchange (IFSC) Limited

  • He was the Chief Business Officer of BSE and headed the business development encompassing Equities, Equity Derivatives, Debt, Interest Rate Futures, Currency Derivatives, Mutual Fund Distribution platform and SME platform at BSE and was also in-charge of all the new initiatives planned by BSE including the setting up of the international exchange in GIFT City.

  • He is a Board member for the Futures Industry Association – ASIA, CDSL (Central Depository Services (India) Ltd), BSE Institute Limited, BSE SAMMAN Limited and a Co-Chair of the Capital Markets Working Group of FICCI. He has over two decades of experience in the capital markets industry and has previously worked with Reliance Group and as co-founder of Marketplace Technologies.

  • He has completed his Masters in Commerce from the University of Mumbai and is a Rank holder from the Institute of Cost Accountants of India.

Mr. Nehal Vora
  • Nehal Vora is Director of India International Exchange (IFSC) Limited

  • He is currently Chief Regulatory Officer at BSE and heads the regulatory functions of BSE including membership compliance, surveillance, inspection, investigation, regulatory communication, investor services, listing compliance, regulatory legal and corporate secretarial. He is a Board member of Indian Clearing Corporation Limited (ICCL) and of Central Depository Services Limited (CDSL). His other Board Memberships include that of National Power Exchange Limited, BSE Investments Limited, BSE Sammaan – CSR Exchange

  • He has more than 19 years of experience in the area of legal and compliance. He has previously worked at the Securities and Exchange Board of India (SEBI) for 10 years and as Director, Law & Compliance at DSP Merrill Lynch Ltd heading Broking and Investment Banking Compliance

  • Nehal has completed his Bachelors of Commerce from Mumbai University and Master of Management Studies from Narsee Monjee Institute of Management Studies, University of Mumbai

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

  • Mr. Arup Mukherjee has around 30 years of work experience of which around 27 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 (over 1700 companies listed) and the India Index Services & Products Ltd. (now a subsidiary with a turnover of over INR 30 crores) 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 the 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.