Shri Santosh Kumar Mohanty has taken over as Director of National Institute of Securities Markets (NISM), an educational initiative of Securities and Exchange Board of India on August 5, 2019. He is an IRS Officer of 1991 Batch and is presently posted as a Whole Time Member, Securities and Exchange Board of India in Mumbai.

Prior to taking charge as Whole Time Member, Shri Mohanty held the position of Executive Director, Securities and Exchange Board of India, on Deputation. As Executive Director, he has handled the Commodity Derivatives Market Regulation Department, Department of Debt and Hybrid Securities, Corporate Finance Department and Office of Investor Assistance and education etc.

As a Whole Time Member of SEBI, Shri Mohanty looks after the Market Regulation Department, Commodity Derivative Market Regulation Department, Office of International Affairs, Regional Offices apart from discharging quasi-judicial responsibilities.

Prior to joining SEBI on Deputation, Shri Mohanty served as Director at the erstwhile Forward Markets Commission where he was in-charge of the Market Policy and the Legal Affairs Division. As an IRS officer he has served for more than 25 years at Kolkata, Mumbai, Nagpur and Jamnagar in various capacities.

Shri Mohanty is an MA in International Studies from JNU, New Delhi and holds an L.L.B. and PG Diploma in Securities Law from Mumbai University.

Mr. Sunil Kadam is the Registrar of National Institute of Securities Markets(NISM), an educational initiative of the Securities and Exchange Board of India (SEBI). Mr. Kadam holds a degree of Master of Business Administration (MBA) from University of Pune. Prior to taking over as Registrar of NISM, Mr. Kadam was Regional Director of Northern Regional Office of SEBI. Mr. Kadam has joined SEBI in 1996 and during his tenure in SEBI he has worked in various departments in SEBI and handled the work relating to administration and inspection of Market Infrastructure Institutions (MIIs) and SEBI registered intermediaries, surveillance and investigations, corporation finance, forensic accounting, corporate governance, Business Responsibility Reports, Indian Depository Receipts (IDRs), E-voting, search and seizure, treasury and accounts, enquiry and adjudications, litigations, etc. Mr. Kadam was also a member of SEBI Committee on Disclosures and Accounting Standards (SCODA) and Auditing & Assurance Standards Board of The Institute of Chartered Accountants of India (ICAI). He has also represented SEBI in Asian Roundtable on Corporate Governance meetings organized by the Organization for Economic Co- operation and Development (OECD) and was also part of OECD report on “Related Party Transactions and Minority Shareholder Protection”.

Dr V.R. Narasimhan has started 40 years of work experience in Education and Financial Markets in India.

He started his career as a lecturer at a Commerce Degree College in Hyderabad.  Thereafter, he was selected to be a part of the core faculty at the first PG Center outside the campus in Commerce and Business Management  set up  Department of Commerce and Business Management, Osmania University.

Thereafter he joined AP State Finance Corporation (APSFC) and worked for about 11 years. During the period 1984 to 1987 (very early days of computerization in India) he played a leading role in developing an integrated financial accounting and MIS system for APSFC. While he was in APSFC, he was deputed to work with Public Enterprise Management Board of Government of Andhra Pradesh as Officer on Special Duty (Finance). During the stint at PEMB, one of his KRAs was to upgrade the stenographers into computer literate and also to professionalize finance functions in State Level PSUs.

In 1992-1993 he joined Capital Market Regulator – SEBI as Division Chief, Secondary markets. At SEBI he was in charge of Broker Registration, inspection of Stock Exchanges and also worked on drafting regulations for custodians and depositories.

In 1996, he joined India’s first securities depository viz., National Securities Depository Limited (NSDL) and worked with it for 10 years. In his stint with NSDL he was responsible for spreading the demat concept amongst all issuers and investors in the country through close door meetings with senior management, seminars and investor education workshops. In addition to being a part of senior management team of NSDL, he played key role in new products and services like setting up National Skill Registry for NASSCOM, biometric based investor registration system called MAPIN (now abandoned), conceptualization of Central Record Keeping Agency for PFRDA etc.

In 2006, he joined Kotak Mahindra Group and played multiple roles including setting up Kotak Mahindra Pension Fund Company, setting up Kotak Commodity Derivatives Exchange, Group head for capital market compliance etc.

IN 2013 – the year in which the SEBI regulations for stock exchanges and clearing corporations was made effective (SECC Regulations) – he joined as the first Chief Regulatory Officer of National Stock Exchange and retired from that position in April 2018.  In addition to regulatory oversight on listed companies, brokers, investor grievance redressal and market surveillance, he played active role in capacity building amongst listed companies, brokers from compliance perspective.

He has contributed more than 30 articles in professional journals, economic daily papers, etc.

Dr Narasimhan is a post graduate in Commerce, MBA (Finance), qualified company secretary and a Ph.D.

Mr. Narayana Maddala has 35 years of experience in the Information and Communication Technology Industry. He holds a Bachelors Degree in Electrical Engineering and a Masters Degree in Electronics and Telecommunications Engineering. Also he has a Masters Degree in Industrial Management from the Indian Institute of Technology (IIT Delhi). He started his career as Software Engineer in Hindustan Computers Limited in 1985. Subsequently he served Rail India Technical and Economic Services (RITES) and the Centre for Railway Information Systems (CRIS) for 6 years before going abroad. Mr. Maddala was a part of the Team at CRIS involved in the development of the pilot of “Indian Railways Passengers’ Reservation System”. He worked abroad for 17 years which included around four years in Zambia Railways and 13 years in the Government of Botswana. He successfully implemented World Bank funded projects in Zambia Railways, Zambia. During his tenure as the Head of Projects Division in the Department of Information Technology of the Government of Botswana, he successfully implemented many national level projects in the Finance, Transportation and Procurement sectors of Botswana in collaboration with the Government of South Africa, Tanzania, Kenya, Lesotho, Dubai, Barbados, Singapore and Mauritus. He also successfully led the team responsible for e-Government initiatives in Botswana. He relocated to India in 2011 to join the National Institute of Securities Markets (NISM) as Senior Vice President and the Head of the ICT Department. At NISM, he established the ICT Department and developed the entire ICT infrastructure including the Fibre Optic Network & Data Center at the new campus built on a Land of 70 acres at Patalganga (near Navi Mumbai), a nation-wide system for Certification of Securities Markets Intermediaries, a state-of-the-art Finance Laboratory, a Student Life Cycle Management System, Customized Internal Applications etc.

Mr. Maddala is also interested in teaching in the area of Computer Science & Engineering and Information Technology. He was involved in co-teaching as guest faculty (on part-time basis) in many institutes like University of Botswana, College of Engineering-Pune (India), Institute of Management Studies (Ghaziabad, India) etc.

Mr. Jitender Aggarwal, Chief Engineer (Estates)

Mr. Jitender Aggarwal has over 23 years of experience in the field of construction and administration. He holds Masters in Financial Management from JBIMS, Post Graduate Diploma in Operations Management from IGNOU, A.M.I.E (Civil Engg.) from Institution of Engineers, Kolkata. He has working experience in private as well as public sector undertakings namely L&T, PNB and SEBI. He is involved in the construction of NISM campus coming up at Patalganga and other allied activities.

Mr. Sankar has a work experience of over 20 years in the capital markets. He is a Post-Graduate in Commerce from the University of Mumbai and also a CAIIB Associate. He has over 14 years of work experience at UTI Mutual Fund in various capacities at their Investor Relations Cell, Department of Operations, Chairman’s Office, Department of Research & Planning etc.. Prior to joining NISM, he was working as Senior Officer at the UTI Institute of Capital Markets. At NISM, Mr. Sankar is in-charge of Finance & Accounts Departments. Mr. Sankar is also a Certified Financial Planner CFP.

Mr. Sahil Malik, General Manager, Securities and Exchange Board of India has been posted at NISM as General Manager, Head of Marketing Communications Department and Placements.

He has been working with SEBI since February 2002 and has worked in the profile of framing of policy and supervision of market intermediaries, stock exchanges and depositories, mutual funds. He has handled investigations and enforcement related to securities market manipulations. He has also discharged the role of Quasi-Judicial Authority in SEBI wherein he has Adjudicated several matters relating of violation of Insider trading, Market Manipulations, un-registered Market Intermediaries, Disclosures etc.

Mr. Malik has attended several national and international workshops, trainings and seminars on varied topics. He is a regular speaker of various professional bodies, Management Colleges and Investors Associations. He was also involved in providing consultation to certain Asian Regulators on behalf of SEBI. His areas of interest are in the fields of mutual funds, inspection / investigation / supervision, corporate governance and law.

He holds Master degree in Commerce and Business Administration. He also holds Bachelor degree in law and pursuing his Company Secretary (Final).

Mr. Shashi Kumar Nair , In charge of General Service Department and VP(Security and Protocol Department (SPD))

Mr. S K Nair, carries with him an experience of 37 years and was last associated with Reserve Bank of India as Deputy General Manager (Security). He hold the degree in Bachelor of Physical Education in the year 1979.At NISM, he is handling Security and Protocol Dept (SPD).

Mr. Deep Mani Shah is a General Manager with SEBI, presently on deputation to NISM (since August 2019) as in-charge of HRD, Legal, Board, Compliance and Vigilance Departments.

Mr. Shah brings with him a rich and varied experience of more than 2 decades, primarily in the fields of securities markets and corporate laws. He joined SEBI in 2002 and has since worked in various departments there like Office of Chairman, Corporation Finance Department and Market Regulation Department.

Mr. Deep is a qualified Company Secretary and a Law Graduate (LLB), besides being an MBA in Finance from the Narsee Monjee Institute of Management Studies (NMIMS), Mumbai. His areas of interest include corporate restructuring, securities laws and market regulation.

Dr. Rachana Baid, is an M.Com (gold medalist) and Ph.D. from Osmania University, Hyderabad. She is a faculty (SSE) at NISM, since inception. Prior to NISM, she has worked in UTI’s Indian Institute of Capital Markets (IICM). She has conducted a number of training programmes and research/consulting assignments for market participants, civil servants and international delegations, including for the ASEAN countries. Her areas of interest are Financial Institutions & Markets, Portfolio Management, Corporate Finance and Behavioural Finance. She is also a visiting faculty at XLRI Jamshedpur and SP Jain School of Global Management Mumbai, Dubai and Singapore centres.

Mr. Rajiv Shastri is a qualified Chartered Accountant and also holds a master’s degree in Economic Management & Policy from University of Strathclyde, Glasgow.

He has over 25 years of experience in roles that encompassed Fixed Income Fund Management. Macro – economic Analysis, Quantitative Investments and Business Strategy.

He was part of the start-up team at HDFC Mutual Fund and headed Fixed Income Investments there. Later, he was responsible for business strategy and driving growth at Lotus Mutual Fund. In his last engagement with the MF industry he was ED & CEO of Essel Mutual Fund.He is Professor of Practice at the National institute of Securities Market and a columnist with ETPrime, MoneyControl and Business Standard.

Dr. Latha Chari is a Doctorate in Finance from BITS Pilani, Post Graduate in Commerce and a FCMA (Fellow Member of the Institute for Cost Accountants of India). She has an experience of about two decades equally divided between academia and industry. She started her academic career as a Fellow with IILM, Lodhi Road, New Delhi.

Before joining NISM, Dr. Chari has worked with Institute for Technology and Management and ITM Institute of Financial Markets for more than a decade. She joined ITM as lecturer and grew up the hierarchy to become the Deputy Director, heading ITM Institute of Financial Markets. During her academic tenure she has published papers in various national and international journals and has conducted MDPs in the areas of financial asset valuation, strategic cost management, trading and operations in equity markets, performance evaluation of mutual funds and the like.

Dr. Chari’s areas of research interests include strategic cost management, corporate valuations, shareholder value enhancement and similar studies. She has special interests in establishing finance labs and in design, development and delivery of lab based courses in the areas of banking and financial markets.

Dr. Abhay Nagale, Assistant Professor

Dr. Abhay Nagale is an M.Com. from the University of Mumbai, a Chartered Accountant and a PhD from IIT Bombay in the field of credit risk. He has a total post-qualification experience of 13 years, including industry experience at Hindustan Petroleum Corporation Limited, Mumbai. His areas of expertise are in the fields of Fixed Income Securities, Financial Modeling and Corporate Finance.

Dr Jatin TRIVEDI teaches in area of Accounting, Finance and Financial Markets at National Institute of Securities Markets (NISM). At NISM, Dr Jatin TRIVEDI is associated with School for Securities Education (SSE) & (School for Securities Information and Research (SSIR). Prior to NISM, he was founding Associate Professor at Amity University Mumbai and Nodal Officer for QM University of London (UK) and Presideo Graduate School, Seattle (USA). He holds 19 years of academic teaching experience in area of Accounting, Finance, Financial Markets, International Business, Taxation, and Strategic Management to students of MBA Finance, CFA (US), CAs, University of London (MBA), and Undergraduate courses in Accounting & Finance.

He has delivered talks and invited sessions to over 20 universities/institutions globally. His papers presented at Joseph B. Martin Conference Center, Harvard Conference, Harvard University Boston, USA, Craiova Conference, Europe, EMFB Conference Romania, Europe, Dubrovnik Conference, Europe, WSEAS Brasov Conference, Europe, and several Indian national and international level conference at India. He holds G.I.T.W (Industrial Mathematics), D.C.A, M.Com (Adv. Accounting & Financial Management), MBA (Finance), and Ph.D (Finance).

Prior to explore his interest in teaching, he worked with corporates and industries at different positions i.e. Economy Analyst, Consultant & General Manager.

Dr. Rajesh Kumar, Associate Professor

Dr. Rajesh Kumar is an LLM and PhD from the University of Delhi. His PhD thesis was on Securities Law. He has around 13 years of teaching experience. He has been an Assistant Professor(Selection Grade) at the National Law University, Ranchi, prior to joining NISM.

Ritesh Nandwani, Faculty Member, (SSE)

Before joining NISM, he has worked with Securities and Exchange Board of India (SEBI) for over eight years. He has worked in the Investment Management Department and the Corporation Finance Department of SEBI. His areas of expertise include Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), Alternative Investment Funds (AIFs), Public Issues and Capital raising, Initial Listing and Continuous compliances, and Forensic accounting & Fraud detection.

Ritesh has participated in various national and international conferences and seminars organised by various institutions and has also been a speaker in many such conferences and seminars. He has also represented SEBI in various meetings and roundtable discussions at multilateral forums such as IOSCO, G20 GFSG, etc.

His teaching interest lies in varied subjects and areas related to Capital Markets, including Corporate Valuation, Equities, Fixed Income Securities, Alternative Investment Funds, Derivatives and Risk Management, and Portfolio Management. He teaches in various academic programmes and courses conducted by NISM.

Ritesh holds a Post Graduate Diploma in Management from IIM Lucknow and an M.Sc. in Wealth Management from the Singapore Management University. He is also an Associate member of the Institute of Chartered Accountants of India, and has also completed all three levels of the CFA program of the CFA Institute.

Sunku Venugopal, Faculty Member, School for Securities Education (SSE)

enugopal has been working with Securities and Exchange Board of India (SEBI) since 2008 and is currently posted with NISM as a faculty member in School for Securities Education (SSE).

His teaching interest lies in varied topics and subjects related to Capital Markets including Financial Accounting, Financial Management, Corporate Taxation and Securities Laws.

Before joining NISM, Venugopal has worked in different Departments of SEBI including the Market Intermediaries Regulation & Supervision Department, Corporate Finance Department, Investigation Department & Special Enforcement Cell.

He has participated in various domestic and international Conferences including the APEC Financial Regulators’ Training Institute on Forensic Accounting organized by Asian Development Bank in New Zealand.

Venugopal is a Bachelor of Business Management from Sri Krishna Devaraya University, an Associate member of the Institute of Chartered Accountants of India, and a Post Graduate Diploma Holder in Securities Law Course from Government Law College, Mumbai.

Shri M Krishnamoorthy, Member of Faculty, SSE

Shri M Krishnamoorthy, an Officer of Securities and Exchange Board of India (SEBI) joined NISM as a Member of Faculty in September 2017. He is currently the Programme Director of the School for Corporate Governance (SCG), which is playing a pioneer role in creating awareness in the listed corporate space about the corporate governance standardsthroughvarious tools and processes such as Workshops, Conferences and Research Papers for the main stakeholders namely the Board of Directors, more particularly the Women Directors and also the Compliance Offices of listed entities. His area of academic interests include Business Ethics, Corporate Governance, Behavioural Management and Leadership Theories.

Before joining NISM, Shri Krishnamoorthy has worked in different Departments and Offices of SEBI including the Integrated Surveillance Department, Corporate Finance Department, Market Regulation &Supervision Department and Bangalore Office of SEBI. During his stint in SEBI Bangalore Office, he was handling Financial Literacy & Awareness Programmes, Reddressal of Investor Grievances, Inspection of intermediaries and Collective Investment Schemes. Prior to joining SEBI, Shri Krishnamoorthy was working with Ministry of Law, Justice & Company Affairs, Government of India, for nearly six years.

Shri Krishnamoorthy has participated in various domestic and international Conferences including the APRC Mobile Seminary Training Program organized by IOSCO in Hong Kong. Shri Moorthy is Bachelor of Physics from Madurai Kamaraj University, Masters in Economics from Annamalai University and Masters in Financial Services Management from Mumbai University.

Mr. Vishal Padole is the faculty member at NISM and part of School of Corporate Governance (SGC). Mr Vishal Padole also looks after the development of the Simulation lab at NISM.

Mr Vishal Padole holds post graduate degree in Management Studies (MMS) from University of Mumbai and also pursuing his CFA level III examination. He has more than 15 years of experience in SEBI and has worked in various departments of SEBI such as Surveillance, Market Regulation and Enforcement department.

Mr Vishal Padole has wide experience in the area of developing regulatory policy framework for trading, clearing, & settlement in Equity and Equity derivative markets and supervision of Market Infrastructure Institutions. He has extensive experience in putting in place regulatory framework for market surveillance on equity & equity derivatives including ad hoc market wide risk management framework etc. Some of the specific area of his work includes review of Equity Derivative Market, Securities Lending and Borrowing Mechanism, Call Auctions for price discovery, Offer for Sale of Shares, Margin Trading, Block Deal window mechanism and development of secondary market trading platform for Corporate Bonds etc.

Dr. Narsimhulu Siddula, Assistant Professor

Dr. Narsimhulu Siddula holds M.Com and MBA in the area of Finance. He has done Ph.D in the area of Finance on “Commodity Derivatives: Effectiveness in Price Discovery and Risk Management” from Department of Commerce, Osmania University, Hyderabad. He is qualified in UGC – NET in Management and Commerce as well. He is the recipient of Indian Council of Social Science Research (ICSSR) – Doctoral (Teacher) Research Fellowship from Institute of Public Enterprise (IPE), Hyderabad, India (2013-15). Before joining NiSM, he has worked as an Assistant Professor in the Department of Finance & Accounting at ICFAI Business School (IBS), a constituent of IFHE (ICFAI Foundation for Higher Education) University, Hyderabad. He has 13 years of Teaching and Research experience. He teaches Financial Management, Security Analysis and Portfolio Management, Financial Risk Management, and Accounting for Management. His research interests are Commodity Derivatives, Capital Markets, Asset Pricing, and Risk Management.

Dr. Pradiptarathi Panda

Dr. Pradiptarathi Panda is working as an Assistant Professor at the National Institute of Securities Markets (NISM). Prior to the current position, he has worked as a Lecturer and Research Associate of NISM. Dr. Panda was a Research Scholar of the Indian Institute of Capital Markets (IICM) and is having more than seven years of teaching and research experience. He holds a Master’s in Finance & Control (MFC) from Berhampur University, an M.Phil. in Finance from Pondicherry Central University and Ph.D. in Finance from the University of Mumbai. His area of Ph.D. is on International Capital Markets Spillovers. He has qualified UGC NET for Assistant Professor in management. His areas of research interest’s Include-International Capital Markets, Interest Rate Futures, Innovative financial instruments, and Financial Economics. His teaching interests are Financial Institutions and Markets(FIM) Applied Financial Econometrics, Financial Computing using R, Financial Derivatives, Global Financial Markets, Investment Management, and Trading in equity and derivatives (equity, commodity, and currency).

Dr. Panda conducts trading laboratory sessions in the SMART Lab for MBA students and trainees from IAS, SEBI, RBI, IRS, IES, ICLS, Defence Officers, along with others. He has also trained officers from the Securities Exchange Commissions and Central Bankers from Cambodia, Laos, Myanmar, Vietnam, and Bangladesh and guided many foreign as well as Indian Interns. He is also handling databases like Bloomberg and Prowess at NISM. He is the faculty Co-coordinator of the NISM Alumni Association and Conference Co-coordinator of Capital Markets Conference.

He has published several research papers in indexed journals like Springer, Wiley, EBSCO, Econopapers, Jgate, Inderscience, Scopus, Ideas RePEc, IGI Global, and others. He has worked in the areas of volatility spillovers, equity markets, foreign exchange markets, derivatives markets, interest rate futures, green bonds, market microstructure, circuit breakers, Ownership structures, and so on. He has presented research papers in several international and national conferences; has participated in some workshops and organised several Faculty Development Programmes (FDPs), Capital Market Conferences and Workshops.

He is currently a member of the editorial board for several journals and a reviewer for several journals as well as World Finance Conferences.

Linkedin – https://www.linkedin.com/in/dr-pradiptarathi-panda-903b9154

ORCID – https://orcid.org/0000-0003-1262-8148

Research Gate – https://www.researchgate.net/profile/Pradiptarathi_Panda4

Google Scholar – https://scholar.google.co.in/citations?user=onbJk0YAAAAJ&hl=en

SSRN – https://hq.ssrn.com/submissions/MyPapers.cfm?partid=1712840

Mr. Meraj Inamdar

Mr. Meraj Inamdar has a Master’s degree in Commerce from Marathwada University, Aurangabad, and UGC SET qualified. He is pursuing his PhD in the field of Corporate Governance and Sustainable Finance with the University of Mumbai. Mr. Inamdar is Lecturer at NISM.

Mr. Inamdar has three years of corporate experience and six years of teaching and research experience. He has started his career as finance manager at Nissan Motors India Pvt Ltd. He was a member of faculty at Institute of Cost accountant (ICAI), Aurangabad Chapter 2010-13. He was Associate editor of CSR Analyst, monthly magazine of UTI-IICM, Navi Mumbai. Before Joining NISM, Mr. Inamdar was Senior Project Associate at CSE, IIT-Bombay on various research projects related to open source learning and teaching pedagogy through Information Technology.

He has several publications and conference papers to his credit and has won the Outstanding Research Paper award at Mumbai University’s International Conference in February 2016. He has also reviewed research papers for “IIM-Bangalore Management Review” journal. He has research interest in Sustainable finance & ESG, Corporate Governance and SME Exchange.

At NISM, Mr. Inamdar teaches Statistics, using databases such as Bloomberg, Morningstar and CMIE Prowess through R and MS Excel. He plays a vital role in the NISM SMART Lab Trading sessions on Equity & Derivatives. At NISM he has successfully conducted various workshops on Equity & Derivative trading at SMART Lab for international delegates of Bangladesh, Nepal, Cambodia, Laos, Myanmar, Vietnam & Afghanistan, Practitioners in capital markets, Government officers IAS, IES, IRS, ICLS, RBI, FDPs for faculties and for post graduate students.