Ashish Kumar Chauhan succeeds Vikram Limaye, whose five-year term ended on 16 July, as MD and CEO of National Stock Exchange
Ashish Kumar Chauhan, the MD and CEO of Bombay Stock Exchange (BSE), has been appointed the new MD and CEO of National Stock Exchange (NSE). Ashish Kumar Chauhan is now replacing Vikram Limaye whose five-year term ended on 16 July. Limaye has not asked for another tenure at NSE although he was eligible for it. The Securities and Exchange Board of India (SEBI) is expected to make a formal announcement on 18 July 2022.
Limaye, an alma matter of the HR College of Commerce and Economics, Chartered Accountancy and MBA in Finance and Multinational Management from the Wharton School of the University of Pennsylvania, USA, has contributed to various committees of government and industry associations, on a range of topics surrounding infrastructure, economic policy, markets, trade, and minority affairs among others.
Ashish Kumar Chauhan, an alumnus of IIM Calcutta and a mechanical engineer from IIT Bombay started his career as an officer at the Industrial Development Bank of India after he was recruited from his campus in 1991. However, Ashish Kumar Chauhan gained prominence when the Government proposed a stock exchange in NSE in 1993. Chauhan was a member of the core team that founded the NSE, and responsible for setting up their equities and derivatives markets from 1993 to 2000. He is widely known as the ‘father of derivatives’ in Indian finance for his contribution in setting up modern exchange traded financial derivatives in Indian markets.
Chauhan left NSE in 2001 to further his entrepreneurial venture funded by Reliance, and subsequently began to work for Reliance Infocomm. Chauhan became the chief information officer (CIO) of Reliance Infocomm, and then the Reliance Group CIO, in 2004 and 2005, respectively. Chauhan then moved on to the Bombay Stock Exchange after leaving Reliance Industries, and was named the deputy CEO of BSE in 2009 and then the CEO in 2012. BSE became the first Exchange in the country to launch a dedicated SME platform for listing of small and medium enterprises (SMEs) under Chauhan’s guidance in 2012. He has also been instrumental in the development of pertinent missions such as developing a mutual fund distribution platform called BSE StAR MF as well as in setting up India’s First International Exchange “India International Exchange. In January 2017, he successfully completed the IPO of BSE, which was pending for over 10 years.
