Oracle Financial Services Software Limited, a large cap IT company, announced the appointment of Mrugank Paranjape as Additional Director on the company’s Board, with effect from December 4, 2023.
According to the company’s exchange filing, “The Board of Directors of the Company at its meeting held today, inter alia approved: 1. Appointment of Mr. Mrugank Paranjape (DIN: 02162026) as an Additional Director of the Company, based on the recommendation of the Nomination and Remuneration Committee, with effect from December 4, 2023 in the capacity of Non-Executive, Independent Director, not liable to retire by rotation, subject to the approval of the shareholders.”
Mrugank Paranjape has over 33 years of rich experience at CXO levels in the financial services industry in India and overseas specializing in banking, asset management, commodities exchange and technology. He was the MD & CEO of NCDEX e Markets Ltd and prior to that MD & CEO of Multi Commodity Exchange of India (MCX) – India’s first listed and leading Commodity Exchange. Earlier, Paranjape had successful stints in India & abroad with global financial institutions including Deutsche Bank, ICICI Prudential, W I Carr Securities, ING Barings & Citibank. He is an expert and consultant in the field of Capital & Commodities Markets.
Paranjape also serves on several boards. He is a Non-Executive Independent Director in the Central Board of the State Bank of India, Chairman of the Board of Trustees of Sewa International and the Chair of the Board of the Mumbai School of Economics & Public Policy.
Paranjape is an alumnus of the Indian Institute of Technology, Bombay and the Indian Institute of Management, Ahmedabad.
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