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 Management


Sr. No. Name Designation Email Phone number
1 Mr. Arup Mukherjee Managing Director & CEO arup.mukherjee@indiaicc.com +91 079 6199 3148
2 Ms. Gunjan Mirani Chief Risk & Regulatory Officer gunjan.mirani@indiaicc.com +91 079-6199 3168
3 Mr. Akshay Doshi Chief Financial Officer akshay.doshi@indiaicc.com +91 07961993142
4 Mr. Gaurang Raval Head – Clearing & Settlement raval.gaurang@indiaicc.com +91 079-6199 3167
5 Ms. Nikita Lakhiyani Company Secretary nikita.lakhiyani@indiaicc.com +91 07961993139


Mr. Arup Mukherjee
Position: 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.

Ms. Gunjan Mirani
Position: Chief Risk & Regulatory Officer
  • Ms. Gunjan Mirani has around 27 years of work experience in the securities industries.

  • She has previously worked with Indian Clearing Corporation Limited, CD Equisearch Private Limited, Eureka Stock and Share Broking Services Private Limited. Her last assignment was at the Indian Clearing Corporation Limited as Assistant General Manager – Finance and Accounts.

  • She has wide range of experience in dealing with Foreign Portfolio Investors, Financial Institutions, HNI broking, arbitrage, portfolio management, treasury & financial operations.

  • She has also worked as Systems Manager in her earlier role at a broking company where she managed databases and front end development using Sybase power builder. She also handled the networking and telecommunication at the firm.

  • Ms. Mirani has a Bachelor of Commerce degree from University of Calcutta, Post Graduate Diploma in PR from Bhartiya Vidhya Bhavan and Post Graduation in Software Engineering from CMC Limited.

Mr. Akshay Doshi
Chief Financial Officer
  • Mr. Akshay Doshi is associated with securities industry for more than 10 years.

  • He has previously worked with Eureka Stock and Share Broking Services Pvt Limited, Indian Clearing Corporation Limited ("ICCL").

  • He has wide range of experience in dealing in financial products, accounting, finance and treasury operations.

  • During his previous employment as Deputy Manager with ICCL, he was heading Treasury Operations.

  • Mr Doshi has Bachelor of Commerce (Hons) degree from University of Calcutta. He is a qualified Chartered Accountant.

Mr. Gaurang Raval
Head - Clearing & Settlement
  • Mr. Gaurang Raval is Head – Clearing & Settlement of the India International Clearing Corporation (IFSC) Limited.

  • He has over 8 years of work experience of which has worked with India ICC for around 6 years.

  • He has also previously worked with TradeAir (IFSC) Pvt. Ltd

  • Mr. Raval has a Bachelor of Computer Application from Dr. C. V. Raman University and Master of Business Administration (Executive) from ITM Vocational University

Ms. Nikita Lakhiyani
Company Secretary
  • Ms. Nikita Lakhiyani is a qualified company secretary.

  • She is the Compliance Officer of India ICC

  • She has worked for over three and a half years with India ICC.

  • She is a rank holder at executive and professional level of company secretary exams.

  • She has previously worked as intern in corporate secretarial department of India International Exchange (IFSC) Limited.