Give the Management team details of IIBX and who are the investor in IIBX?

 

🌐 Part I: Organisational Structure & Investor Background

1. IIBX Holding Company: India International Bullion Holding IFSC Ltd (IIBH)

  • IIBX operates as a subsidiary of India International Bullion Holding IFSC Limited (IIBH), an unlisted public company established on June 4, 2021, registered as a finance company with the International Financial Services Centres Authority (IFSCA) on August 9, 2021.

  • Paid‑up capital: ₹250 crores; authorised capital: ₹300 crores (as of June 2025).

2. Shareholding & Investors

  • The holding company IIBH was promoted by India’s major market infrastructure institutions: NSE, MCX, CDSL, NSDL, and India INX (BSE’s IFSC arm) under a joint MoU, to establish the bullion exchange, clearing corporation, and depository in GIFT IFSC.

  • In July 2024, MCX announced a rights issue subscription of ₹20 crore into IIBH, representing up to 20% of paid‑up equity capital, approved by SEBI and to be allotted by mid‑August 2024.

  • No other detailed shareholding is publicly disclosed; collectively, the founding institutions promote and control IIBH—as part of a structure formally endorsed by the Government of India via IFSCA oversight.

🧑‍💼 Part II: Leadership Team of IIBX (as per public filings and company data)

IIBX’s key personnel and governance structure are as follows:

Board of Directors (IIBX itself)

  • Shri Gopalaraman Padmanabhan – Chairperson & Public Interest Director

  • Smt. Seema Bahuguna, Shri Siddhartha Sengupta, Shri Gurumoorthy Mahalingam, Shri Somasundaram Palamadairamaswamy, Prof. Sundaravalli Narayanaswami – Public Interest Directors

  • Shri Shivanshu Mehta, Shri Mayank Jain, Shri Prashant Vagal, Smt. Nayana Ovalekar, Dr. Harish Ahuja – Non‑Independent Directors

  • Shri Ashok Kumar Gautam – Managing Director & CEO of IIBX.

Key Management & KMP Roles

From official “About Us” and MCA filings, we identify:

  • Mr. Ashok K. Gautam – MD & CEO; assumed leadership in February 2022, previously ED & Head of Treasury at IDBI Bank, and held senior roles at SBI (Hong Kong, Singapore), Axis Bank FIG and global markets. He brings 36+ years of experience across treasury, bullion, trade finance, and financial markets.

  • Mr. Neeraj Gupta – Chief Technology Officer; joined in July 2022, shaping technology strategy and exchange infrastructure.

  • Chetan Pabari – Chief Financial Officer; joined in November 2023, overseeing financial planning, reporting, and strategic management for IIBX.

  • Ms. Kirty Pareek – Company Secretary & Compliance Officer; serving since July 2022, ensuring regulatory compliance and governance adherence.

  • Mr. Vinod Ramachandran – Head of Clearing, Settlements & Risk Management; joined in August 2022 to orchestrate clearing operations and risk frameworks.

  • Several staff in operations, membership, surveillance, tech, clearing, etc. listed on IIBX’s Contact Us page (e.g. Mr. Puneet Kanwar, Mr. Sharad Vyas, Mr. Pritesh Patel, Mr. Nikhil Shah, etc.) operate in membership, trading operations, tech, clearing & settlement, risk, surveillance roles.

IIBH Board Roles

Directors on IIBH (the holding company) include industry figures like Shivanshu Mehta, Mayank Jain, and Sriram Krishnan—several of whom also serve on IIBX’s board, indicating overlapping governance between the holding and operating entities.

🤝 Part III: Institutional Investors & Strategic Backers

Promoter Institutions

  • As noted, NSE, India INX, NSDL, CDSL, and MCX are institutional promoters via IIBH, the parent company behind IIBX’s creation.

MCX Formal Investment

  • Most concretely, MCX has made a ₹20 crore investment in IIBH (rights shares at ₹1 each), representing up to 20% of IIBH’s equity—approved by SEBI, announced in July 2024, and to be allotted in August 2024.

Others

  • Other promoter institutions (NSE, NSDL, CDSL, India INX) likely hold residual stake capital but specific shareholding percentages beyond MCX’s are not publicly disclosed.

  • No external private equity or institutional investors (apart from the founding MIIs) are known to have invested, per available sources.

📋 Summary Table

Category Details
Holding Company India International Bullion Holding IFSC Ltd. (IIBH)
Ownership Promoted by NSE, India INX, NSDL, CDSL, MCX via IIBH
MCX Investment (2024) ₹20 crore (~20% equity in IIBH) via rights issue
Key Regulatory Authority IFSCA (bullion exchange framework)
MD & CEO Ashok Kumar Gautam (since Feb 2022)
Board Chairs & Directors Gopalaraman Padmanabhan (Chair), Public interest and non-independent directors
KMP / Management Neeraj Gupta (CTO), Chetan Pabari (CFO), Kirty Pareek (Company Secretary), Vinod Ramachandran (Risk/Clearing)
Operational Staff Trading, membership, tech, risk, clearing teams (contact directory available)
Strategic Role Exchange, clearing, and depository for bullion spot and futures in USD-denominated contracts

✅ Final Insights

  • IIBX operates under IIBH, structured and promoted by India’s leading market infrastructure institutions to build a regulated onshore bullion exchange at GIFT IFSC.

  • MCX’s ₹20 crore investment makes it a prominent minority investor with up to 20% stake but still coordinated under the consortium model with other MIIs.

  • The leadership—led by Ashok Gautam—comprises seasoned professionals across treasury, compliance, technology, and risk, backed by a governance board including both independent and institutional representatives.

  • Ownership beyond promoters is limited; there’s no public listing or broad investor base. IIBX remains an unlisted infrastructure initiative rather than a public capital-market offering.

🔍 Want More Detail?

  • If you’d like full biographies of board members or directors, or deeper financials of IIBH or IIBX, I can walk you through public filings, annual returns, or regulatory filings.

  • I can also provide profiles of the promoter institutions (NSE, MCX, CDSL, NSDL, India INX) and explain their strategic stake in encouraging bullion market development through IIBX.

  • Let me know if you’d also like information on qualified jewellers, TRQ holders, client participants, or regulatory filings from IFSCA.

Happy to expand further on any section!

Comments

Post a Comment

Popular posts from this blog

Give comparison of all the charges of top 10 Payment Gateways in India

  Comparison of Charges of Top 10 Payment Gateways in India (2025) As the digital payment landscape continues to grow in India, selecting the right payment gateway is essential for businesses aiming to streamline online transactions. While functionality, integration, and customer support are important, charges and fees often remain the deciding factor. This article offers an in-depth comparison of charges associated with the top 10 payment gateways in India to help merchants make an informed choice. 🧾 Key Payment Gateway Charges Explained Before diving into the comparison, let’s understand the common fee structures: Charge Type Description Setup Fee One-time fee charged during account creation. Annual Maintenance Fee Yearly charge for using the service. Transaction Discount Rate (TDR) Fee deducted per transaction, usually a percentage of the transaction amount. Payout/Withdrawal Fee Charges for transferring money from the gateway to the bank account. 📊 Top 10 Payment Gatew...
Read more

What are the conditions to get Direct API integration?

  What Are the Conditions to Get Direct API Integration? In today’s hyper-connected digital ecosystem, APIs (Application Programming Interfaces) serve as the glue that connects different software systems, enabling seamless communication, automation, and integration across platforms. While many APIs are available through third-party gateways or intermediaries, businesses often prefer direct API integration for better performance, control, and reliability. But what exactly does “direct API integration” mean, and what are the conditions a business must meet to qualify for or implement it successfully? This comprehensive article breaks down the prerequisites, technical requirements, compliance considerations, and strategic factors that come into play when seeking direct API access. What Is Direct API Integration? Direct API integration refers to establishing a secure and streamlined connection between a client’s application and a service provider’s API without going through a t...
Read more

How does economic data of USA affect the gold prices?

  How Does Economic Data of the USA Affect Gold Prices? Gold has long been considered a safe-haven asset—an investment that retains or increases in value during times of market turbulence or economic uncertainty. While a wide array of factors influence gold prices globally, economic data emerging from the United States often exerts the most significant impact. As the world’s largest economy and the issuer of the global reserve currency, the U.S. plays a central role in shaping global financial markets. This article delves deep into how various U.S. economic indicators affect gold prices, exploring the intricate interplay between data, investor sentiment, and market dynamics. The Dollar-Gold Relationship: A Foundational Principle Before exploring individual data points, it's essential to understand the inverse correlation between the U.S. dollar and gold prices. Gold is priced globally in U.S. dollars. When the dollar strengthens, gold becomes more expensive in other currencies,...
Read more