He was previously the Managing Director and CEO of the National Stock Exchange of India Limited (NSE) for 5 years. NSE is the largest exchange in India, the world’s largest derivatives exchange in terms of volume of contracts traded and in the top four exchanges globally for cash market trades.
Prior to joining NSE, he was the Managing Director & CEO of IDFC Limited, a diversified, publicly listed financial services conglomerate that was involved in infrastructure lending and advisory, commercial banking, investment banking and institutional broking, private equity and asset management. He started his professional career with Arthur Andersen in Mumbai in 1987 while pursuing his Chartered Accountancy and worked in the audit and business advisory services groups of Arthur Andersen, Ernst & Young and the consumer banking group of Citibank before going to the USA in 1994 to pursue an MBA. After completing his MBA, he worked on Wall Street in USA for 8 years with Credit Suisse First Boston in investment banking, capital markets, structured finance and credit portfolio management before returning to Mumbai, India in 2004.
He has contributed to various committees of government and industry associations on a range of topics surrounding infrastructure, economic policy, markets, trade, minority affairs etc. He has been a speaker at various domestic and international conferences and has been part of international government delegations for infrastructure, market development and foreign direct investments into India. He has also been on the boards of various corporates, educational institutions and not for profit organisations. He was appointed by the Supreme Court of India to a four-member Committee of Administrators for governance and administration of the Board of Control for Cricket in India (BCCI). He was a member of the Board of Directors of the World Federation of Exchanges (WFE) and has also served as the Chairman of the Working Committee of WFE.
He completed his Bachelor’s in Commerce from HR College of Commerce & Economics, University of Bombay, Chartered Accountancy from The Institute of Chartered Accountants of India and a MBA in Finance and Multinational Management from The Wharton School of the University of Pennsylvania, USA.