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Management Team

Ms. Vaisshali Babu has assumed office as the Managing Director & CEO, Indian Clearing Corporation Limited (ICCL) effective 1st January 2024.

Ms. Vaisshali Babu has been working as a Chief Operating Officer at ICCL from December 01, 2022. She is a capital market veteran with overall capital market experience of above 30 years spread across various functions like Product Management, Relationship Management, Risk Management, Operations, Business Development etc. Prior to joining ICCL, she has held several positions including leadership roles in BNP Paribas, BoFA (Merryl Lynch), State Street, Stock Holding Corporation, United India Insurance Co. and Bombay Port Trust. Her area of expertise is in clearing house operations, custodian business, products and relationship management, operations management, project management including risk, compliance and audit.

Vaisshali holds a master’s degree in commerce from Mumbai University with a Business Administration qualification from Symbiosis. She has credentials of executive programmes from IIM Bangalore, IIM Rohtak and IIM Calcutta and is member of Institute of Directors. She was recognised as “India’s top 100 women in Finance” by AIWMI in 2019 and awarded “Best in Custody” at the Women in Finance Asia Awards in 2022.
Nimeshkumar Mistry has assumed office as the Chief Financial Officer with effect from November 07, 2019.

Nimeshkumar heads all finance, accounting, treasury and taxation functions at the Clearing Corporation. Nimeshkumar has experience over 15 years with BSE and other corporate entities. During his tenure at BSE, he was looking at finance functions and taxation, designated as Additional General Manager at BSE.

He holds a Bachelors in Commerce degree from Mumbai University, He is a qualified Chartered Accountant
Ms. Anita Bhatia is the Chief Regulatory & Compliance Officer at Indian Clearing Corporation Ltd. (ICCL), a wholly owned subsidiary of BSE. She is responsible for regulatory functions (Compliance, Membership, Secretarial etc.) at ICCL.

She has over 30 years of diverse experience in financial services across MNCs and Indian corporates. Prior to joining ICCL, she has held several positions with NSDL, Bank of America, Credit Suisse and others. In her previous assignments, she has held leadership roles in areas of GRC (Governance, Risk and Compliance), Audit, Legal, Inspection, Operations, Training & Investor Relations.

Anita holds a master’s degree in commerce from Mumbai University with a Master’s in Financial Management from Jamnalal Bajaj Institute of Management Studies.
Mr. Sushant Majhi is the Chief Risk Officer at Indian Clearing Corporation Ltd (ICCL), a wholly owned subsidiary of BSE.

He has over 16 years of diverse experience across NBFCs, Investment Banks, and Hedge Funds. His area of expertise is Market Risk and Quantitative Analysis. He has rich experience in conceptualizing tailored risk solutions for Hedge Funds and ensuring compliance with investor and regulatory risk requirements.

Prior to ICCL, he was leading the Risk & Portfolio Analytics services of Linedata Gravitas, following stints in the Strategic Risk Management division of Credit Suisse and the Global Risk Group of Edelweiss Financial Services.

Educationally, Mr. Sushant holds a Post-Graduate degree in Business Management and a Bachelor's degree in Electronics Engineering. He is a certified Financial Risk Manager (FRM) by GARP and holds the Professional Risk Manager (PRM) designation from the Professional Risk Managers' International Association. Beyond his professional commitments, Mr. Sushant actively shares his knowledge as a visiting faculty, imparting insights on subjects such as Valuation and Financial Risk Management to MBA students.