Management

Dr. Rakesh Kumar Kakkar is a Ph.D in Law. He was awarded Akrekar Gold Medal by National Academy of Direct taxes, Nagpur, for standing first in Law (Income-tax, General laws & Estate duty). He presented a paper in Biennial Conference (International) of the India Society of Victimology in the year 1994 in Chennai. His thesis for Ph.D was ‘An Evaluation of Tax Avoidance and Tax Evasion Techniques Adopted in Direct Taxes and Study of Remedies against such Techniques’.

He started his career as a Probationary Officer in a Nationalized Bank and worked there for around a year before getting selected in Civil Services Examination. He worked as a Customs Appraiser for around 4 ½ years looking after Import and Export Policy Evasions and Customs Duty Violations. Later, he joined in Income Tax Department as an IRS Officer of 1982 Batch. He has a rich & varied experience of working in various capacities in Income Tax Department including Assessment, Investigation, Appropriate Authority, Commissioner of Income Tax and Principal Commissioner of Income Tax. He had a brilliant career in the Income-Tax Department and superseded many colleagues at the time of promotion. He had been on deputation to SEBI as Chief General Manager for six years. He also represented SEBI at length before JPC on half a dozen occasions. He was also been involved in drafting various SEBI Regulations and amendments to the SEBI Act. He has around 39 years of e xperience in detecting Financial Frauds/Tax Evasions/Securities and Capital Market Violations etc. Recently, He retired from the Income-tax Department as Principal Commissioner of Income Tax.

Dr. Ramabhadran S. Thirumalai is an associate professor (practice) in the Finance area at the Indian School of Business (ISB). He is also the Deputy Dean of Programmes and Deputy Dean of the Mohali campus. He has been with the ISB since August 2006. He has also held visiting faculty positions at the University of Pittsburgh and Indiana University, Bloomington. His research interests are broadly in the area of empirical asset pricing with a specific focus on market microstructure. His research has been published in top academic journals like the Journal of Accounting and Economics, the Journal of Futures Markets and the Journal of Banking and Finance. He is currently working on papers that examine the impact of a number of regulatory changes in India on security market liquidity and efficiency. He has been awarded research grants from the NSE-NYU Stern Initiative on the Study of Indian Capital Markets multiple times.

He has refereed papers for a number of top academic journals like the Journal of Banking and Finance and the International Review of Finance. He has also been a consulting associate editor for a special issue of Decision Sciences. He is currently an external expert on BSE Ltd’s Risk Management Committee. He has been on the board of directors of the Indian Clearing Corporation Limited for six years and a member of the BSE’s Price Setting Committee. He has also been a member of the BSE’s Trading and Surveillance Oversight Committee, a member of the BSE’s Governing Council of Derivatives Segment, a member of the BSE’s and MCX-SX’s Investor Grievance Redressal Council as well as a member of the Common Pool of Arbitrators of all stock exchanges for the Andhra Pradesh and Telangana regions. He has a PhD in Finance from Indiana University, Bloomington, an MS in Statistics from the University of South Carolina, Columbia and a BE (Honours) in Chemical Engineering from the Birla Institute of Technology and Science, Pilani.

Dr. Meshram is former professor and Head, Department of Computer Technology Veermata Jijabai Technological Institute (VJTI), Matunga.

Dr. Meshram is PhD (Computer Engineering), B.E. (Computer Engineering), ME (Electronics) and LLM

Dr. Meshram has published 475 Research papers, produced 10 PhDs, Guided more than 100 Mtec (Computer Engineering Projects). He has published 7 Books, filed 11 Patents, delivered many lectures- technical and social.

Teaching subjects of Dr. Meshram are Information Security, Object Oriented Software Engineering, Research Methodology, Digital Forensic, Cloud Forensic, Data bases, C++ Programming and the like other 30 subjects.

Shri Nilesh Lodaya holds a bachelor’s degree in science and master’s degree in management with specialization in Finance. Prior to joining CDSL, Shri Lodaya was employed with J.P. Morgan Chase Bank N.A. India for 17 years and his last role at JP Morgan was Head of Direct Custody & Clearing, India. Shri Lodaya has also worked with Citigroup, Kotak Mahindra Bank and Tata Share Registry

Shri Swaroopkumar Gothi is a seasoned finance professional with extensive experience in financial reporting, direct and indirect tax compliance, internal control review, budgeting, and team building. With a strong background in finance and a proven track record of leading finance departments, Swaroop brings a wealth of knowledge and expertise to the company.

He holds a bachelor's degree in commerce and is a qualified Chartered Accountant with over thirteen years of experience. He is member of Institute of Chartered Accountants of India. Currently, he works as Senior Vice President at Central Depository Services India Limited (CDSL), where he serves as Financial Controller, member of the Arbitration Committee, and Committee of HOD. He has worked with various esteemed organisations like City and Industrial Development Corporation of India Limited, National Commodity and Derivatives Exchange Limited and Kotak Mahindra Investments Limited.

Shri Sunil Alvares is the Managing Director & Chief Executive Officer at CDSL Ventures Limited Since November 2020. He was earlier deputed to CVL as Chief Operating Officer in April 2017. Shri Alvares holds dual Masters degrees in Physics/Electronics and Marketing and has been associated with the Capital markets for over 33 years, of which 20 years have been with CDSL 4 years with CVL and 9 years with leading Registrar & Share Transfer Agents which include Datamatics, PCS and Karvy.

At CVL, he heads the KRA, Aadhar based eKYC & eSign, Academic Depository, RTA, PACL refunds processing, RTA and GSTN Service Provider initiatives.

He joined CDSL in 1998 as Manager-Business development and has handled various portfolios which include business development, Admission cell, New Projects and investor grievances over the past 24 years at CDSL. Prior to being appointed as COO at CVL, he was EVP-Business Development at CDSL. He has played a key role in CDSL crossing the milestone of 2 crore accounts and achieving leadership position in terms of demat accounts, eVoting services and CVL’s KRA services.

He has also been instrumental in conceptualizing, designing and implementation of various innovative products like KYC registration Agency, Aadhar based eKYC, National Academic Depository, GSTN Service Provider, eVoting etc. at CDSL and CVL.

Shri Sunil Alvares is the Managing Director & Chief Executive Officer at CDSL Ventures Limited Since November 2020. He was earlier deputed to CVL as Chief Operating Officer in April 2017. Shri Alvares holds dual Masters degrees in Physics/Electronics and Marketing and has been associated with the Capital markets for over 33 years, of which 20 years have been with CDSL 4 years with CVL and 9 years with leading Registrar & Share Transfer Agents which include Datamatics, PCS and Karvy.

At CVL, he heads the KRA, Aadhar based eKYC & eSign, Academic Depository, RTA, PACL refunds processing, RTA and GSTN Service Provider initiatives.

He joined CDSL in 1998 as Manager-Business development and has handled various portfolios which include business development, Admission cell, New Projects and investor grievances over the past 24 years at CDSL. Prior to being appointed as COO at CVL, he was EVP-Business Development at CDSL. He has played a key role in CDSL crossing the milestone of 2 crore accounts and achieving leadership position in terms of demat accounts, eVoting services and CVL’s KRA services.

He has also been instrumental in conceptualizing, designing and implementation of various innovative products like KYC registration Agency, Aadhar based eKYC, National Academic Depository, GSTN Service Provider, eVoting etc. at CDSL and CVL.

Sunanda Markande is a Post Graduate in Electronics and MBA in Finance. After a brief teaching stint in Bhavan’s College, she has worked in different capacities in Stock Holding Corporation of India Limited and Viteos Capital Market Services Limited, before joining CDSL.

She joined CDSL in 2012 and was later transferred to CVL as Vice President, New Projects in 2021.

She has overall 32 years of experience in Capital Markets domain covering Depository Projects, Hedge Fund Middle and Back-end Operations, Custodial and DP services, Registrar Interface, Custody Vault management, Asset Servicing and Market Operations. Experience also covers teaching and training different target groups.

She has over 10 years of experience in implementation of New projects, since 2012.

She has managed all aspects of New Project Roll out covering Bid/RFP submission and related presentations to Evaluation Panels, Financial projections, working out the tariffs to be offered, submitting License Applications and supporting documentation, vendor pricing and management, BRS documentation, Application testing, System enhancement specifications, Service Delivery, People Management, Change Management, Compliance Management, Audits etc.

Apart from the above, she plays a key role in marketing the services to the leads received from the Business Development team or from the market.

Experience with a demonstrated 23+ years of working history in Banking, Insurance and Financial Services.

Being associated with the financial service domain throughout my career, having stints with sales, support, training, content building, product development functions and end to end IT Transformations.

Gaining experience with a good mix of customer relations, information technology and project management exposure. I have successfully implemented business initiatives working as both a financial service provider and a software vendor. With a quality-conscious approach, I have successfully implemented quality processes and managed external audits.

Current areas of expertise include AIML, Project Management, Vendor Management, Service Quality, Risk Management and leading teams towards delivering service level metrics.

Shri. Niketan Jadhav has joined CDSL Ventures Limited as Chief Information Security Officer (CISO). He is a multifaceted technical leader and brings over 14+ years of experience in managing services across Consulting, Software, Manufacturing and Banking & Finance industries. Niketan has domain expertise in security operations and audits, enterprise risk management, cyber strategy, business resilience, data protection and will drive all facets of cyber-security strategy for CVL. He will design and implement the Cyber Security framework.

Smt. Mohini Kharpude is a qualified Company Secretary and heads the secretarial functions of the CVL. She has a rich experience of 14 years in the field of corporate governance, compliance, regulatory and corporate secretarial, Arbitration and Insurance & Administration. Mohini also holds Commerce degree from University of Mumbai.

Smt. Preeti Gogate is a qualified Chartered Accountant and heads the Finance and Accounts function of the CVL. She brings her 8 years of experience to in financial advisory, statutory audits, costing, budgeting, compliance, risk assessment & mitigation to fore ground in all finance matters. She started her journey with Deloitte and later, was associated with a financial advisory firm as a partner for 5 years. She also holds a Commerce Degree from IGNOU.