Media Release

Re-appointment of Shri Ashishkumar Chauhan as Managing Director & CEO subject to Shareholders’ Approval

Mumbai, August 28, 2017 : The Board of Directors of the Company based on the recommendation of Nomination and Remuneration/ Compensation Committee had approved the re-appointment of Shri Ashishkumar Chauhan as Managing Director & CEO in its meeting held on August 3, 2017, for a further period of 5 years from November 2, 2017 to November 1, 2022, subject to SEBI approval and shareholders’ approval.

BSE Limited is pleased to announce that Securities and Exchange Board of India (“SEBI”) has given its no objection to the re-appointment of Shri Ashishkumar Chauhan as Managing Director & CEO of the Company vide its approval letter dated August 24, 2017. The said re-appointment will be effective subject to shareholders’ approval.

Brief profile of Shri Ashishkumar Chauhan :

Shri Ashishkumar Chauhan is the MD & CEO of BSE (Bombay Stock Exchange), the first stock exchange of Asia. He is one of the founders of India's National Stock Exchange (“NSE”) where he worked from 1992 to 2000. He is best known as the father of modern financial derivatives in India due to his work at NSE. He was instrumental in setting up India’s first fully automated screen based trading system and first commercial satellite communications network. He also created several path breaking frameworks including Nifty index, NSE certifications in financial markets etc.  From 2000 to 2009, he worked as the President and Chief Information Officer of Reliance group and was also the CEO of the cricket team Mumbai Indians in its formative years.
He currently serves as the Chairperson on the Board of Governors (BoGs) of the National Institute of Technology (NIT) Manipur.  He is an Advisor to the Technical Evaluation Committee set up by the Department of Posts for Postal Bank and also a part of several other committees of World Federation of Exchanges (“WFE”), Government of India (“GOI”), Reserve Bank of India (“RBI”), Securities and Exchange Board of India (“SEBI”), Confederation of Indian Industry (“CII”), Federation of Indian Chambers of Commerce and Industry (“FICCI”), Indian Merchants Chamber (“IMC”), India UK council (“UKIBC”) etc. He is also associated with several NGOs and education institutions. His quotes and writings have been published in various newspapers, magazines and journals in India and abroad.

He holds a B Tech in Mechanical Engineering from IIT Bombay and a PGDM from IIM Kolkata. He is a Distinguished Visiting professor at Ryerson University, Toronto, Canada. In recognition of his contribution to industry he has received many awards at National and International levels.

He is the Chairman of South Asian Federation of Exchanges (“SAFE”), a forum of 28 member entities from the SAARC region and neighbouring countries that aims to provide a platform to share, exchange and promote the technologies and experiences, for the rapid growth and development of capital markets, and regional as well as global integration.

Yatin Padia/ Rahul Vyas
022 2272 8516 / 2272 8472
Yatin.padia@bseindia.com / Rahul.vyas@bseindia.com