Jagran Josh Logo

Jignesh Shah resigned as Managing Director and CEO of FTIL

Nov 21, 2014 18:11 IST

Jignesh Shah on 20 November 2014 resigned as the Managing Director (MD) and Chief Executive Officer (CEO) of Financial Technologies (India) Ltd (FTIL). The decision was taken at the Board meeting of FTIL where the board was reconstituted.

Jignesh Shah handed over the position of CEO and MD of the company to Prashant Desai. With this, Jignesh Shah will no longer hold any executive or managerial position. However, he continues to hold 45 percent stake in FTIL.

The re-constituted board of 12 members will have five non-executive and independent directors, four Executive Directors and three non-Executive Directors.

Other announcements
The company also expanded its Board by hiring Nisha Dutt, a Silicon Valley veteran; Sunil Shah, founder of Gujarat Innovation Society and Miten Mehta, a Kellogg’s product.

The company also announced appointment of two executive directors (EDs) Jigish Sonagra as Director, new ventures and Rajendra Mehta as Director of member technologies.

The board unanimously approved establishment of JS Digital Innovator Award to honour the contribution of Jignesh Shah.

Financial Technologies (India) Ltd (FTIL)
Financial Technologies (India) Ltd (FTIL) is a global leader in creating and operating technology-centric, next-generation financial markets that are transparent, efficient and liquid, across multi asset classes, including equities, commodities, currencies and bonds.

Founded by Jignesh Shah, the Financial Technologies group began its operations in 1988. FTIL is the only company to set up 6 exchanges connecting fast-growing economies of Africa, Middle East, India and South East Asia.

Is this article important for exams ? Yes9 People Agreed
Read more Current Affairs on: Jignesh Shah , FTIL , Financial Technologies group , Prashant Desai

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

Newsletter Signup
Follow us on
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK