Wednesday, 14 November 2012

Shreekant Javalgekar- MD& CEO-MCX

My Video Chat with Shreekant Javalgekar, the Managing Director and CEO of MCX, MultiCommodities Exchange, india's largest and the world's 6th largest commodities futures exchange- he talks about MCX and its impact on the Indian economy.

Amongst his quotes " Equity markets in india are confined to bigger cities and towns- about 500, via electronic trading that has been in place for 20 years- we,as MCX in a short span of 10 years have  3X the reach of equity markets- with 1577 towns and cities in India - we also have more brokers than the equity markets do- 2150 , and they have more terminals- 346,000 - and these terminals can be accessed thro'  multiple channels- the internet, mobile, etc" he has some wonderful stats about the economy. "Today, on a like to like basis, we are 5 times bigger than BSE+ NSE put together"... a fascinating story.

Also " We have democratized the market so smaller players can participate at a very efficient cost"- says Shreekant.

In the capacity of the MD /CEO of MCX, the first demutualised listed Exchange in India, Mr. Javalgekar steers the company and oversees all the aspects related to a listed entity including financial management, investor relations, corporate governance and developing strategies. He also represents and positions MCX as a key player in the global and domestic commodity markets.

Prior to taking up this role, Shreekant was the Director – Finance, Investor Relations and Communications of Financial Technologies (India) Limited (FTIL), responsible for overseeing the Financial Technologies Group's complete financial health, which included fund raising, accounting, treasury and fund management, budgeting, MIS, and investor relations. He was also responsible for strategic and pre-IPO placements of the FTIL group companies. He spearheaded the MCX IPO in February 2012 which received an overwhelming response from domestic as well as an array of global investors. MCX is the first exchange to be listed in India.

Mr. Javalgekar has over 30 years of rich experience in diverse fields of derivatives, corporate finance, capital markets, investor relations, accounting, treasury and fund management, with about 20 years in senior management positions. Prior to joining Financial Technologies, Mr. Javalgekar was the Indian advisor to Nexgen Financial Solutions, a financial derivatives house promoted by Singapore Technologies. As Managing Director of Lazard India, he was instrumental in raising resources (both debt and equity) for India's leading corporates, from domestic as well as overseas markets. At Lazard, he was also an Advisor to two offshore funds: Lazard Birla Fund and Mayur Fund. Moreover, he has worked with corporates such as Larsen Toubro, Crompton Greaves and Toyo Engineering, mainly in areas of Finance and Treasury management.

Mr. Javalgekar is an accomplished writer and has contributed numerous articles to leading financial journals on subjects dealing in foreign exchange, economy, finance, stock markets, and international finance.

Shreekant's Links:

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