Ashish Kumar Chauhan appointed as the next MD & CEO of NSE
The Securities and Exchange Board of India (SEBI) has appointed Ashish Kumar Chauhan as the replacement of outgoing Managing Director and CEO Vikram Limaye of the National Stock Exchange (NSE). Limaye's term at NSE ended on July 16. Ashish Kumar Chauhan is the current MD & CEO of the Bombay Stock Exchange (BSE).
The committee comprises of Yatrik Wing - Group CFO and Head Corporate Affairs, Priya Subramaniam - Chief Regulatory officer, Somasundaram KS - Chief enterprise risk and information security officer and Shiv Bhasin - Chief technology and operations officer.
The end of Limaye’s five-year term as the NSE chief comes amid the NSE facing the regulatory probe in a case pertaining to governance lapses at the bourse as well as in the co-location matter. Limaye was appointed as the NSE chief in July 2017, following the exit of the exchange’s former MD and CEO Chitra Ramkrishna.
During Limaye’s tenure, the exchange’s revenues surged from Rs 2,681 crore in FY17 to Rs 8,500 crore in FY22 and net profit climbed from Rs 1,219 crore to Rs 4,400 crore during the same period. Further, the company’s return on equity increased from 17 percent to 34 percent during the period under review.