Mumbai, Maharashtra, India, March 2025 — Jigar Shah has joined National Securities Depository Limited (NSDL) as the Chief Financial Officer. A Chartered Accountant with an extensive background from the Indian Institute of Management Calcutta, Jigar brings a robust expertise in financial reporting, management reporting, strategy, and investor relations.
In his previous tenure with IDFC FIRST Bank, Jigar held pivotal roles where he led wholesale strategy and business finance, significantly enhancing financial frameworks and investor relations. His strategic initiatives were crucial in steering the bank through various upgrades and optimizations, showcasing his adeptness in handling complex financial landscapes.
Moving back in his career timeline, Jigar’s experience at Standard Chartered as an Associate Director highlighted his adeptness in commercial banking, where he managed emerging market strategies and financial solutions. This role underscored his capability to foster relationships and setup businesses, providing comprehensive banking solutions to a diverse clientele.
Before his role at Standard Chartered, Jigar was part of EY, where he specialized in BFSI audits. His rigorous approach to compliance, treasury management, and risk assessments further solidified his credentials in financial governance and operational excellence. This foundation set the stage for his later achievements in larger, more strategic roles within the banking and finance sector.
NSDL stands as a premier institution in the Indian securities market, ensuring the safety and efficiency of the financial market’s infrastructure. Renowned for its robust system that handles most securities held and settled in dematerialized form in the Indian market, NSDL continues to innovate and lead with high standards of service and operational excellence.
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