On 26 April 2021, the Securities and Exchange Board of India (SEBI) has approved an appointment of the new Managing Director and CEO of the National Commodity and Derivatives Exchange Ltd (NCDEX). The new Managing Director and CEO of National Commodity and Derivatives Exchange Ltd is Arun Raste. Let’s look at who is Arun Raste, the new MD and CEO of NCDEX.
Who is Arun Raste
Arun Raste is currently working as the Executive Director of the National Dairy Development Board (NDDB) of India. He is also serving as the director on the board of Indian Immunological Limited which is based in Hyderabad and also the director on the board of Mother Dairy Fruit Vegetable Pvt Ltd. Which is based in Delhi.
He had earlier worked with companies such as Kotak Mahindra Bank, IDFC Bank, ACC Cement, NABARD and also a non-profit NGO IRFT.
Education of Arun Raste
He has done a bachelor’s degree in economics and also a master’s degree in economics. He also holds a post-graduation diploma in marketing management.
He has an interest in the areas such as BoP finance, Business Strategy, CSR, marketing, Corporate Planning and NGO management.
He was invited by the United States State Department for ‘The International Visitor Leadership programme’(IVLP). He has also been part of various conferences and seminars which include the ones at UNCTAD, World Social Forum, IFAT Conference, WTO ministerial, Toyo University Tokyo, Kindai University Nara Japan, PSE Group in European Parliament, Murdoch University Perth Australia, and so on.
He has also published various research papers in National and International Journals.
Now he has been appointed as the Managing Director and CEO of National Commodity and Derivatives Exchange (NCDEX) for a period of 5 years.
What is NCDEX
National Commodity and Derivative Exchange is a commodity exchange platform in India. It is an online commodity exchange platform that provides the market participants a platform to trade in commodities and derivatives.
NCDEX was founded in the year 2003 and has its headquarters located in Mumbai, India. NCDEX is a public limited company that is fully owned by the Government of India. NCDEX has offices in other places which include Delhi, Hyderabad, Jaipur, Kolkata, Indore and Ahmedabad.
NCDEX is an leading agricultural commodity exchange in India. It offers value chain services for the entire post-harvest agricultural commodities.
Some of the key investors of NCDEX include National Stock Exchange of India Ltd, National Bank for Agriculture and Rural Development, Life Insurance Corporation of India, Oman India Joint Investment Fund, Investcorp Private Equity Fund, Build India Capital Advisors LLP, Indian Farmers Fertilizer, Cooperative Ltd, Punjab National Bank and Canara Bank.
What is MCX and Ncdex?
NCDEX is predominantly an exchange with leadership in the agri commodity segments, while MCX has leadership in the area of gold, metals and oil.
Where is Ncdex located?
NCDEX headquarters are located in Mumbai and offers facilities to its members from the centres located throughout India.
What is full form Ncdex?
National Commodity & Derivatives Exchange Limited is full form of NCDEX.
Earlier in this month Vijay Kumar who was the former Managing Director and the CEO of NCDEX had left the position from the exchange after the completion of his extended term. Later, SEBI had appointed Arun Raste as the new CEO and MD of NCDEX.