NSE revamps board;appoints Mohandas Pai, 2 others as directors

Top stock exchange NSE has revamped its board, appointing three new public interest directors including chairman of Manipal Global Education Services and Infosys former director Mohandas Pai.

Besides, former Secretary at the Ministry of Corporate Affairs Naved Masood and KPMG India’s former Deputy Chief Executive Dinesh Kanabar have been included on NSE’s board as public interest directors.

  • Pai, who was formerly Infosys CFO as well, is one of the noted personalities in the startup ecosystem in India. He is also co-founder of venture capital firm Aarin Capital and has been active in working with regulators to improve the country’s business climate.
  • The NSE board has 10 directors, with Ashok Chawla, former Chief of Competition Commission of India, as its chairman till January. Chawla took charge from S B Mathur as NSE board chairman in May. Besides Mathur, three public interest directors – Y H Malegam, K R S Murthy and S Sadagopan – had also completed their terms recently.
  • Recently the NSE board of directors had taken the crucial decision of filing initial documents to list the exchange on the capital markets by January, 2017.
The National Stock Exchang
The National Stock Exchange of India Limited is the leading stock exchange of India, located in Mumbai. NSE was established in 1992 as the first demutualized electronic exchange in the country.
CEO: Chitra Ramkrishna
Founded: 1992, Mumbai
Headquarters: Mumbai