StockHolding Corporation of India Limited (SHCIL) has announced the appointment of Atul Saxena as the Managing Director and Chief Executive Officer, w.e.f. August 05, 2024.
SHCIL is a key subsidiary of the Government of India’s financial institution IFCI Limited, and India’s premier custodian and depository participant.
Saxena brings over 25 years of extensive experience in management & technical consulting, corporate finance and capital markets.
His diverse expertise spans across senior-level positions in various functions, including Credit & Recovery, Corporate Planning, Secretary to the Board and Internal Audit.
During his career at IFCI Limited, he played a pivotal role in the company’s strategic and operational endeavors for more than a decade, SHCIL said in a press statement.
Most recently, he served as Chief General Manager and was one of the Principal Officers of IFCI Limited, where he oversaw key financial and operational initiatives.
Saxena has also accumulated extensive board experience, having served as a Nominee and Non-Executive Director on the Boards of various companies for over a decade, SHCIL said.
Before his tenure at IFCI, Saxena held positions with Engineers India Limited and PwC, where he further honed his skills in engineering and consulting.
He holds a degree in Civil Engineering from the prestigious Indian Institute of Technology (IIT), Kanpur and a Post Graduate Diploma in Management from the Indian Institute of Management (IIM), Calcutta.
Saxena said, “I look forward to working with the talented team at StockHolding to build on the company’s strong foundation and drive continued growth and innovation. Together, we will strive to deliver exceptional value to our stakeholders and achieve new milestones in our industry.”
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