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| Chairman & Group Chief Executive Officer |
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Innovator of modern financial markets
through PPP model |
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Instrumental in changing the contours
of exchange trading in India and emerging economies |
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Founder of Multi Commodity Exchange of
India (MCX) - the world’s 6th largest commodity futures
exchange. Also DGCX, GBOT, IEX, BFX and SMX among others |
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Ranked among the ‘Top 30 Global
Innovators in e-finance’ by Institutional Investor in 2008 |
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Listed among ‘Dominant Financial &
Futures Industry Leaders for 2008’ by Futures Industry
Association (FIA), Washington |
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Mr. Shah is the Founder Chairman
and Group Chief Executive Officer of the Financial Technologies
Group, a global leader in creating and operating
technology-centric financial exchanges for stocks, commodities,
currencies, and bonds among other asset classes. Mr. Shah is
often called the ‘Innovator of modern financial markets’ for his
role in creating a successful public private partnership (PPP)
model to build world class financial institutions. He has
created modern IP-centric financial markets, which have been
instrumental in changing the contours of exchange trading in
India and emerging economies from Africa to Asia. Under his
leadership, the Group launched MCX in 2003, which is the world’s
6th largest commodity futures exchange as per the Futures
Industry Association (FIA), 2009.
The success of MCX has inspired several countries and
Government entities to partner with Financial Technologies and
promote various global exchanges. These achievements have seen
him feature among the 'Top 30 Global Innovators in e-finance' by
Institutional Investor in 2008. He has also been listed among
the 'Dominant Financial & Futures Industry Leaders for 2008' by
Futures Industry Association (FIA), Washington.
Mr. Shah is a recipient of the ‘Ernst & Young Entrepreneur of
the Year’ award for business transformation. He has been
recognized by CLSA as one of the ‘Top 20 Indians’ who can change
the face of world business and has been inducted in their Hall
of Fame. He has been honored with the ‘US-India Businessman of
the Year’ award and has been chosen by the World Economic Forum
(WEF), Geneva, as a ‘Young Global Leader’. He has also been
presented with the ‘Global Social Entrepreneur’ award by Rotary
International.
Mr. Shah is deeply passionate about the role of markets in
Corporate Social Responsibility (CSR) activities and has
launched initiatives such as ‘Gramin Suvidha Kendra’ in
association with India Post and ‘Pragati’ with Rotary
International to empower underprivileged communities with
education and training within the Group. |
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| Director - Technology |
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Vast experience of nearly
two decades in transactions’ technologies and their
implementations |
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As FT Group’s technology
strategist he had laid down the technology infrastructure |
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He defines the technology
roadmap of the entire organization, including Atom
Technologies |
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Constantly innovates and
invents as he believes in introduction of new technology
architecture, new components and protocols are invincible
for future technological breakthroughs |
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Mr. Neralla is a
Director of Atom Technologies and co-founder and Director
Technology of Financial Technologies (FT), the technology leader
for creating next generation financial markets. With a vast
experience of nearly two decades in transactions’ technologies
and their implementations, Mr. Neralla is spearheading one of FT
group’s new ventures Atom Technologies to create a revolution in
the payment ecosystem, especially focusing on the mobile
ecosystem, which includes traditional card-based payments over
mobile, IVR as well as PoS and newer approaches to usher in
inclusive growth using technology.
As FT Group’s technology strategist, Mr. Neralla had laid
down the technology infrastructure that has today become the
driver for Atom and all the other divisions and subsidiaries of
the FT Group. He plays a strategic role in identifying and
implementing the architectural, designing strategies and plans
for both Atom as well as FT Group’s technology business. In
addition, he defines the technology roadmap of the entire
organization, including Atom Technologies.
Mr. Neralla’s vision and mission was to develop a
mobile-based payment solution that will eventually replace
credit-card payments. He wanted to create a convenient and
secure mobile payments platform for the masses, establish a
social goal for providing delivery of financial services for the
'unbanked' and emerge as India's number one service provider for
payments. The outcome of this clairvoyance was Atom, which is
not only a technological marvel but also a strong business
proposition on its own as it reduces the cost of transactions
considerably.
His strive to constantly innovate and invent continues as he
believes introduction of new technology architecture, new
components and protocols are invincible for future technological
breakthroughs for Atom and the FT Group at large.
Mr Neralla holds a Bachelor of Engineering Degree in Computer
Science. He has been a featured speaker at several national and
international academic, business, and technology forums as well
as at industry events. |
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| Director, Financial Technologies
Group |
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Senior Partner, Crawford Bayley & Co. |
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Director at Godrey Phillips India Ltd., |
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Director at Hindalco Industries Ltd., |
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Director at Gujarat Ambuja
International Pte. Ltd |
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Member, Bombay Incorporated Law Society |
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Mr. Maniar brings over four
decades of rich experience as a solicitor to the Board of
Directors of Financial Technologies. He possesses vast and rich
expertise in the legal profession which will bring immense value
to the Financial Technologies Group. Mr. Maniar is a senior
partner of Crawford Bayley and Co., Solicitors and Advocates. He
is the on the Board of Directors of several Indian companies
including Varun Shipping Company, Godfrey Philips India Limited,
Hindalco Industries Limited, Foods & Inns Limited, InvestCorp
Limited, Indo-Euro Investment Company Limited, Gujarat Ambuja
International Pte. Ltd, Chemtex Engineering of India Limited,
Akzo Nobel Coatings India P. Ltd., Vadilal Industries Ltd. He is
also the Chairman of Shareholders/Investors Grievance Committee
and a member of the Audit Committee at Varun Shipping Company.
Mr. Maniar holds a Bachelors Degree in Commerce, Masters in
Economics and Political Science, and a Bachelors Degree in Law.
He has been a member of Bombay Incorporated Law Society since
1965. |
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| Director, Financial Technologies
Group |
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Chartered Arbitrator, Fraud
Investigation and Anti-Money Laundering specialist |
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Over 22 years of experience in Capital
Market and 12 years in Arbitration and Fraud Investigations,
etc. |
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Former Vice-President, Vadodara Stock
Exchange |
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Former Member, Executive Committee and
Arbitration Panel, NSE |
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Key member of several committees such
as CIDRA, DIAC, NAIS, FAP, IBA, ABA |
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Mr. Kamdar comes with over four
decades of invaluable experience in the stock exchange and
financial services domain including Arbitration, Fraud
Examination and Anti-Money Laundering. He is a Chartered
Arbitrator, Certified Fraud Examiner and Certified Anti-Money
Laundering specialist. His deep domain expertise holds him in
good stead to join the board of Financial Technologies (India)
Ltd. as a Non-Executive Director. During his vast and
illustrious career, Mr. Kamdar has held several significant
positions such as Vice-President of Vadodara Stock Exchange. He
has also assumed roles such as Chairman and Board Member of well
known organisations and various board level committees. During
his stint with Vadodara Stock Exchange, he was instrumental in
framing the rules, by-laws, memorandum and articles of the
exchange.
Mr. Kamdar has been a member of several national and
international committees. Some such roles include Member and
Panel of Neutrals - Chicago International Dispute Resolution
Association, USA (CIDRA); Member and Panel of Arbitrator - Dubai
International Arbitration Centre, Dubai (DIAC); Member -
National Association of Investigative Specialists Inc USA (NAIS);
Panel Member - Fraud Advisory Panel, UK (FAP); Member -
International Bar Association UK (IBA); Committee Member - the
American Bar Associates, USA (ABA) for Arbitration and
Mediation, International and ADR; Executive Committee Member -
National Stock Exchange (NSE) for the year 1997 and 1998; Member
- Arbitration Panel of National Stock Exchange (NSE); Member -
B.D. Shah Committee of Securities and Exchange Board of India (SEBI)
on Short Sales. He has also served as a member of various
committees constituted by SEBI.
Mr. Kamdar holds a Bachelors degree in Commerce and is a
member of the Association of Certificate Fraud Examiner (CFE),
USA, the Association of Anti-Money Laundering Specialists
(CAMS), USA and is a fellow member of The Chartered Institute of
Arbitrators, UK (FCIArb, UK & Chartered Arbitrator). He is
Honorary Secretary of the Indian branch of the Chartered
Institute of Arbitrators (CIArb). |
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| Director,
Financial Technologies Group |
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Former Chairman, State Bank Of India (SBI) |
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Instrumental in setting up SBI’s Paris
branch |
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Special Advisor on the US Securities
and Exchange Board |
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Advisor to Societe Generale, India |
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Renowned specialist in Branch Banking,
International Banking, Systems and Technology, and Fund
Management |
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Mr. Kakodkar has been on the
board of Financial Technologies since January 2001. Currently,
he is an Advisor to Societe Generale, India. He has also served
as a Special Advisor on the US Securities and Exchange Board
since February 2006. Mr. Kakodkar is a former Chairman of the
State Bank of India (SBI). He began his career with SBI as a
Probationary Officer and went on to become the Managing Director
and then Chairman. During his tenure, he set up SBI’s Paris
branch and later became the Chief Manager of the branch. He has
nearly four decades of rich and varied experience in Branch
Banking, Personnel, Marketing, Operations, Planning, Training,
International Banking, Systems and Technology, and Funds
Management.
Mr. Kakodkar serves on the board of several Indian companies,
including listed companies. Since July 2005, he has served on
the board of Multi Commodity Exchange of India Ltd. (MCX). He
has also been on the board of Mastek Ltd., an Indian software
house specializing in client server applications; Centrum
Capital Ltd., a financial services company; Sesa Goa Ltd.,the
second largest mining company in India; and Goa Carbon Ltd., a
manufacturer-exporter of petcoke.
Mr. Kakodkar has done his B.A. from the Karnataka University,
followed by an M.A. in Economics from the Mumbai University. |
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| Director,
Financial Technologies Group |
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Over three decades of experience in
audit |
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Audit partner for C.C. Chokshi & Co.,
Chartered Accountants and thereafter had a stint with
Deloitte Haskins & Sells, Chartered Accountants |
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He is on board of reputed companies as
an independent director and Chairman of their Audit
Committees |
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Regular speaker at seminars organized
by Bombay Chartered Accountants Society, Institute of
Chartered Accountants of India, Bombay Chamber of Commerce
and Industry |
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Actively involved in reformatting the
accounts to US GAAP and IFRS for major domestic and
multi-national companies and Indian Banks. |
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Mr. Barpande is a
Director on the board of Financial Technologies (India) Ltd. and
brings with him over three decades of experience in audit having
catered to several domestic and international clients. Mr.
Barpande has served as an audit partner for C.C. Chokshi & Co.,
Chartered Accountants and thereafter had a stint with Deloitte
Haskins & Sells, Chartered Accountants. He has been an Audit
Engagement Partner for large listed companies including
Reliance, Lupin. He was actively involved in reformatting the
accounts to US GAAP and IFRS for major domestic and
multi-national companies and Indian Banks.
Mr. Barpande is on the Board of some reputed companies, as an
independent director and the Chairman of the Audit Committees.
He is also a regular speaker at seminars organized by Bombay
Chartered Accountants Society, Institute of Chartered
Accountants of India, Bombay Chamber of Commerce and Industry,
Indian Merchants Chamber, Institute of Company Secretaries of
India, etc.
Mr. Barpande is a commerce graduate with a degree in law and
chartered accountancy. |
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| Director,
Financial Technologies Group |
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Specialist in Company Statutory Audits,
Internal Audits, and both Personal and Company Taxation |
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Member, Management Consultancy
Division, N. M. Raiji & Co. |
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Established his own accountancy firm
named R. Devarajan & Co. |
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Former Director, Spectrum Computer
Services Pvt. Ltd. |
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Mr. Devarajan joined as
Director on the board of Financial Technologies (India) Ltd. in
March 2009. He specializes in company statutory audits, internal
audits, and both personal and company taxation. He is also a
specialist in formation and audits / taxation of public
charitable trusts. During his stint with N. M. Raiji & Co.,
Mr. Devarajan was the Head of Statutory audits of several large
sized companies and was also a part of its management
consultancy division. In 1979, he established an accountancy
firm named R. Devarajan & Co., while continuing to work with N.
M. Raiji & Co. The firm has been in existence for almost 30
years and has a staff strength of 50 employees.
Mr. Devarajan was also a Director of Spectrum Computer
Services Pvt. Ltd., Spectrum Corporate Services Ltd. and
Spectrum Business Solutions Ltd.
Mr. Devarajan is a Commerce graduate. He did his articleship
with M/s. N. M. Raiji & Co., Chartered Accountants, and in 1978,
he became a Chartered Accountant. |
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| Director, Financial Technologies
Group |
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Spearheads various strategic initiatives
of The Great Eastern Shipping Co. Ltd. |
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Managing Director, Greatship (India) Ltd. |
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Co-founder and former Vice-President,
Godrej Foods Ltd. |
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Director, Business Standard Ltd. |
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Director, Linux Commodities Pvt. Ltd. and
Artex India Pvt. Ltd. |
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Mr. Sheth has been a Director on
board of Financial Technologies (India) Ltd. since 1994. Over the
years, he has constructively contributed to the development of
strategy and has proved to be an efficient custodian of governance.
Mr. Sheth serves as the Managing Director of Greatship (India) Ltd.,
a wholly owned subsidiary of The Great Eastern Shipping Co. Ltd. He
joined The Great Eastern Shipping Co. Ltd. on July 1, 1990. He has
also handled functions such as diversification projects, strategic
investments, disinvestment and has been spearheading various
strategic initiatives of The Great Eastern Shipping Co. Ltd.
Moreover, he has been responsible for exploring new opportunities
and
implementing them. He has been entrusted with the additional
responsibility of overseeing the operations of Greatship (India)
Ltd., which is in the business of owning and operating assets
relating to the offshore oil and gas business.
Mr. Sheth is the Co-founder of Godrej Foods Ltd. (a joint venture
between The Great Eastern Shipping Co. Ltd. and Godrej Soaps Ltd.)
and was its Vice-President, Finance from 1985 to 1989. He also
serves as Director of Business Standard Ltd., Routes Travel Ltd., H.
Bhiwandiwalla Investments Pvt. Ltd., Linux Commodities Pvt. Ltd. and
Artex India Pvt. Ltd.
Mr. Sheth holds a Bachelors degree in Commerce from H. R.
College, Mumbai and is an M.B.A. from Babson College, Wellesley,
USA. |
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| Member - Advisory Board,
Financial Technologies Group |
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Former Chairman, SEBI and LIC |
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Member, Reserve Bank of India's
Standing Technical Committee on Financial Regulation |
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Former Non-Executive Chairman, NSE and
SHCIL |
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Director of reputed banks such as ICICI
Bank, UTI Bank (now Axis Bank) |
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Recipient of "Outstanding Contribution
to the Development of Finance" award |
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Mr. Bajpai is a distinguished
Indian business leader. Most recently, he served as the Chairman
of the Securities and Exchange Board of India (SEBI) and Life
Insurance Corporation of India (LIC). As the SEBI Chief, he
introduced measures to improve procedures for enforcing
compliance to ensure market integrity and protect the interests
of investors. Under his stewardship, India became one of the few
countries to introduce 'Straight Through Processing' (STP) in
the stock
markets. It was during his tenure with SEBI that the derivatives
market in India grew and developed enormously.Mr. Bajpai has
been the Chairman of Corporate Governance Task Force of
International Organization of Securities Commissions (IOSCO),
Insurance Institute of India, and has served on the Governing
boards of Indian Institute of Management (IIM), Lucknow, and
National Insurance Academy (NIA). He is also a member of Reserve
Bank of India's Standing Technical Committee on Financial
Regulation and the Board of Advisors of Indian Army Group
Insurance Fund. He is known for his visionary leadership and
exemplary integrity. His knowledge, skills and experience have
seen him being a member on the board of several companies such
as General Insurance Corporation of India (GIC), ICICI Bank, UTI,
UTI Bank (now Axis Bank), Tata Chemicals, National Housing Bank,
Discount and Finance House, etc. He has been the Non-Executive
Chairman of National Stock Exchange (NSE), Stock Holding
Corporation of India (SHCIL), and LIC Housing Finance Ltd.
Mr. Bajpai has received several awards for his contribution
to business, the most significant being the "Outstanding
Contribution to the Development of Finance" award from the Prime
Minister of India, Dr. Manmohan Singh.
Mr. Bajpai's openness to share his knowledge and expertise
has seen him deliver lectures at prestigious business schools
including the London School of Economics (LSE), Harvard
University, and Massachusetts Institute of Technology (MIT ). He
has also addressed gatherings at Stanford University, OECD, and
IMF seminars. He has authored several books such as 'The
Securities Market', 'Marketing of Insurances', and 'How to
Become a Super Successful Salesman'. |
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