ICICI Bank Welcomes Mrugank Paranjape On Board As Independent Director
Mrugank Paranjape has been appointed as an Independent Director (Additional Director) of ICICI Bank Limited for a five (5) year term commencing from August 1, 2026, subject to the approval of shareholders.
Paranjape is the Managing Partner of consulting firm MC3 and has previously served as Chief Executive Officer and Managing Director (CEO & MD) of Multi-Commodity Exchange of India (MCX) and NCDEX e Markets Ltd. He has also held leadership roles at Deutsche Bank, ICICI Prudential Asset Management, W I Carr Securities, ING Barings, and Citibank. He previously served as a Non-Executive Director of State Bank of India (SBI) from 2020 to 2026. He is a technology and management professional with more than 36 years of experience in banking, capital markets, commodity markets, asset management, exchanges, and securities services. Paranjape holds a bachelor’s degree in technology from the Indian Institute of Technology Bombay (IIT-B) and a postgraduate diploma in management from the Indian Institute of Management Ahmedabad (IIM-A).




