Ashish (44) works as the interim CEO of the Bombay Stock Exchange (BSE), Asia’s first stock exchange. BSE is ranked 1st in the world in terms of number of stocks listed, 5th in the world in terms of number of trades per day and 9th in the world in terms of market capitalization.
In addition, Ashish serves as the Managing Director of Indian Clearing Corporations Limited (ICCL), a 100% subsidiary of the BSE.
Ashish also serves on the Board of Directors of Central Depository Services Limited (CDSL), United Stock Exchange of India Limited (USE), Bank of India Shareholding Limited (BOISL), BSE Training Institute Limited (BTI) and Marketplace Technologies Limited.
Ashish was part of the 5 member team which set up National Stock Exchange (NSE) and worked with NSE from 1993-2000.
Ashish set up and operated NSE’s equities and derivatives markets from 1994 to 2000. NSE is India’s largest exchange by value of trades, number of trades and has a lion’s share in Indian exchange traded derivatives market. His work at NSE, involved market operations, membership, clearing and settlement, surveillance, regulations, sales, marketing, IT etc. Due to his work in setting up modern exchange traded financial derivatives in Indian markets at NSE from 1995 onwards, he is known as the ‘Father of Derivatives’ in Indian markets. He was instrumental in creating NSE-50 (Nifty), the most traded index in derivatives in India, NSE’s certification in Financial Markets (NCFM), IPO through screen and several other innovations in the Indian markets. In addition, he was instrumental in setting up initial Information Technology infrastructure including the first commercial satellite telecom network in India for NSE. He set up India’s first commercial satellite telecom network in 1994. He was also involved in conceptualisation of National Securities Clearing Corporation (NSCCL) and National Securities Depository Limited (NSDL).
From 2000-2009, Ashish worked as the Group Chief Information Officer (CIO) of the Reliance group. Reliance group is India’s largest business house with turnover in excess of US $ 35 billions. In addition to his responsibilities at Reliance Industries Limited (RIL, the flagship company of Reliance group), Ashish was involved in setting up Information Technology for Reliance Communications, Reliance Retail, Reliance Oil and Gas, Reliance Life Sciences and several other businesses within Reliance group. Ashish was ranked amongst the top 50 CIOs in the world by several magazines and institutions from 2005-2009.
At BSE, Ashish has been responsible to bring the mobile based stock trading in India. In addition, he has been responsible for introducing delivery based derivatives, real time cross margining, web based IPO, web based mutual fund distribution framework, cloud based order routing services to members and their customers and several other innovations.
Ashish has won several International and Indian awards in providing the best IT solutions for different industries he has worked for including stock markets, petrochemicals, telecommunications etc.
He also worked as the Head of Corporate Communications from 2005 to 2008 for Reliance group
In addition, as a part of his responsibilities within Reliance group, Ashish served as the CEO of Mumbai Indians, a cricket team with legends such as Sachin Tendulkar, Zaheer Khan, Harbhajan Singh, Sanath Jayasuriya, Lasith Malinga and Dwayne Bravo.
Ashish started his career with Industrial Development Bank of India (IDBI) as a Project Finance Officer (1991-93).
Ashish holds a B Tech in Mechanical Engineering from IIT Bombay (1989) and MBA from IIM Calcutta (1991).
Ashish has served on several government and regulatory committees on pro-bono basis. Currently, he serves on Central Board of Direct Taxes (CBDT), PNG on Information Technology, Securities and Exchange Board of India (SEBI)’s Primary Market Advisory Committee(PMAC) and Forward Markets Commission (FMC)’s Risk Management Advisory Committee amongst others.
Ashish is a member of the Board of Governors of the Indian Institute of Information Technology, Design and Manufacturing (IIITDM), Jabalpur.
Ashish teaches finance, use of Information technology and several other subjects at universities in India and abroad. He has spoken at important international and Indian industry events on various topics of interest.
Ashish has made contributions to many books, newspapers, magazines and journals on the subject of Information technology, market microstructure, financial sector policies, automation of markets, creation of indices etc. He and his writings are widely quoted in magazines, academic journals and trade journals in India and abroad.