Nirmal Jajodia

Senior Advisor – Springboard PerformanceMarch 2015

Profile – Nirmal JajodiaNirmal is currently an Advisor to Financial Markets institutions. Immediately before this he was Chief of Technology and Operations (CTO and COO) at National Commodity and Derivatives Exchange. Nirmal has also worked in the Software Services industry setting up Financial Services and Insurance Practices at Larsen & Toubro Infotech and Datamatics.

He was responsible for setting up and putting into operation the second Depository (Central Depository Services India Ltd.) for the Stock Exchange, Mumbai. This was probably the first large Depository in the world to be implemented on an Open Systems platform.

Nirmal was the IT manager for Stock Holding Corporation of India (SHCIL) the largest domestic Custodian in India. The custody application developed by his team was nominated for the Computerworld-Smithsonian Award-1996 in the Finance and Insurance Industry Sector. The application was also one of three finalist for the Computer Society of India National IT Award-1996.

He was part of a team responsible for conceptualizing the securities depository for India. Among other tasks, this team drafted the legal and the operational framework for depositories which was finally enacted as the Depositories Act.

Nirmal started his career as a Programmer and has held various senior positions in Consulting as well as user organizations.

In his spare time, Nirmal is an aspiring artisan baker and is passionate about teaching science to school children.

Nirmal completed his B.Tech. in Mechanical Engineering from Indian Institute of Technology, Powai .