Board of Directors
Shri Ritesh Kumar
Manager & Additional Director
Manager & Additional Director
Ms. Gunjan Mirani
Director
Director
Shri Mayank Jain
Director
Director
Mr. Balasubramnaiam V
Chairman
- Mr. V. Balasubramaniam (Bala) 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 January, 2017 and a subsidiary of BSE (Asia's first stock exchange). He also holds board position in the following organizations –-
- BSE Institute Limited
- India INX Global Access IFSC Limited
- India International Bullion Holding IFSC limited
- India International Bullion Exchange IFSC Limited
- Committee of Experts on positioning IFSC as a hub for offshore trading in INR
- In addition to the above, he is also a member of following committees of IFSCA:
- Committee of Experts on Sustainable Finance
- Committee of Experts on Investment Funds
- Committee of Experts on positioning IFSC as a hub for offshore trading in INR
- 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 over 31 years of experience in the Capital Markets industry and has previously worked with Reliance Group as Vice President and was also as co-founder of BSE Technologies Private 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.
Mr. Arun Ganesan
Managing Director & CEO
- Mr. Arunkumar Ganesan heads Business Operations of the exchange including Trading Operations and Trading Development.
- 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 Ritesh Kumar
Manager & Additional Director
Shri Ritesh Kumar Varshney is an accomplished professional with over two decades of experience in the capital markets domain. His expertise spans across business development, product innovation, and strategic leadership in the financial sector
With 8 years at India International Exchange and 9 years at BSE, Ritesh has played a pivotal role in driving growth and innovation
Ritesh holds a Master of Business Administration (MBA), which complements his deep industry expertise. He is also an NISM-empanelled trainer for various modules, including Derivatives, Security Operations and Risk Management, and Mutual Funds, showcasing his commitment to fostering knowledge and skill development in the industry.
Currently serving as the Head of Business and Product Development at India International Exchange (IFSC) Limited and India INX Global Access (IFSC) Limited, Ritesh continues to lead initiatives that shape the future of capital markets in GIFT IFSC.
With 8 years at India International Exchange and 9 years at BSE, Ritesh has played a pivotal role in driving growth and innovation
Ritesh holds a Master of Business Administration (MBA), which complements his deep industry expertise. He is also an NISM-empanelled trainer for various modules, including Derivatives, Security Operations and Risk Management, and Mutual Funds, showcasing his commitment to fostering knowledge and skill development in the industry.
Currently serving as the Head of Business and Product Development at India International Exchange (IFSC) Limited and India INX Global Access (IFSC) Limited, Ritesh continues to lead initiatives that shape the future of capital markets in GIFT IFSC.
Dr. Ajit Phanse
Director
- 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.
Ms. Kirshna Gangopadhyay
Director
- Ms. Krishna Gangopadhyay heads strategy and international relations for the International Exchange
- She has more than 16 years of experience across financial services, telecommunications in the area of strategy and implementation, risk management, business transformation
- Prior to this, she has worked at CRISIL Risk Solutions, A.T. Kearney, HSBC and GE Capital International Services in various roles
- She is an MBA from Indian Institute of Management, Calcutta and is a Rank holder from Jawaharlal Nehru University in M.A. Economics
Ms. Gunjan Mirani
Director
- 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.
Shri Mayank Jain
Director
- Mr. Mayank Jain is currently Manager and 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.
Dr. S.K. Nanda
Independent 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