Mrugank Paranjape Appointed Non-Executive Independent Director Of Oracle Financial Services

The Board of Directors of Oracle Financial Services Software Limited has approved the appointment of Mrugank Paranjape as an Additional Director in the capacity of Non-Executive, Independent Director, with effect from December 4, 2023. The appointment is for a term of five years, subject to the approval of the shareholders.

Mrugank Paranjape has over 33 years of experience at CXO levels in the financial services industry in India and overseas, specialising in banking, asset management, commodities exchange and technology. Paranjape was the MD & CEO of NCDEX e Markets Ltd. and, prior to that, the MD & CEO of Multi Commodity Exchange of India (MCX), India’s first listed and leading commodity exchange. Earlier, he had successful stints in India and abroad with global financial institutions, including Deutsche Bank, ICICI Prudential, W.I. Carr Securities, ING Barings, and Citibank. He is an expert and consultant in the field of capital and commodity markets. He also serves on several boards. He is a Non-Executive Independent Director on the Central Board of the State Bank of India, Chairman of the Board of Trustees of Sewa International, and Chair of the Board of the Mumbai School of Economics and Public Policy. He is an alumnus of the Indian Institute of Technology, Bombay, and the Indian Institute of Management, Ahmedabad.