Shri K. Rajaraman belongs to the 1989 batch of Indian Administrative Service (Tamil Nadu cadre) and has assumed the responsibility of the Chairperson of International Financial Services Centres Authority (IFSCA) after serving for nearly 35 years in various leadership roles in Government of India and Government of Tamil Nadu. Prior to joining the IFSCA, he served as the Secretary to Government of India in the Department of Telecommunications. He is a B.Tech Graduate in Electronics & Communications, a first-class MBA and Master of Economics.
Starting his career as a Design Engineer in BHEL, Trichy, during his rich and varied experience as an IAS Officer, he had held various administrative positions in the areas of Investment Promotion, Foreign Direct Investment, Public Sector Undertakings, Industrial Infrastructure, VAT Administration, etc. He was MD of Chennai Metro Railways for nearly 4 years during its early construction phase, Commissioner for Commercial Taxes in Government of Tamil Nadu, and Joint Secretary Expenditure in Government of India. He also served as Additional Secretary, Investment, IER and Administration in the Department of Economic Affairs, Ministry of Finance.
Shri R. Lakshmi Kanth Rao holds Master's Degree in Business Administration (Finance), Bachelor’s Degree in Commerce and Diploma in TIRM(IIBF). He is also a Certified Associate of the Indian Institute of Banking and Finance (CAIIB).
He joined Reserve Bank of India in November 1990 and has a wide experience of over 30 years of working in various capacities at Regional Offices of RBI such as Guwahati, Bhubaneshwar and Chennai. He is also having a wide experience of serving in the areas of Department of Banking Supervision and Department of Non-Banking Supervision at Central Office, Reserve Bank of India, Mumbai. His specialisation includes banking supervision and regulation and consumer protection. He has been part of several Committees and Working Groups in the above areas over the years and has been contributing to policy formulation.
He had served as the Banking Ombudsman at Reserve Bank of India, Chennai, and as the Regional Director, Reserve Bank of India at Lucknow. Prior to being elevated as Executive Director, he was heading the Department of Regulation as Chief General Manager-in-Charge. He is currently the Executive Director of Department of Regulation at Reserve Bank of India and he oversees conduct and operations vertical.
Mr. Manoj Kumar, has been associated with Securities and Exchange Board of India (SEBI), a premier autonomous regulatory body for securities market in India, since 1996.
As an Executive Director, currently he is heading the Investment Management Department and General Services Department of SEBI. He has earlier handled Market Regulations, Integrated Surveillance, Market Intermediaries Regulation and Supervision Departments at SEBI.
He has been associated with key SEBI initiatives such as Accounting Standards Committee chaired by Y H Malegam, Corporate Governance Committee chaired by Narayana Murthy. He has been the Member of the core group that successfully designed and implemented Integrated Market Surveillance System. In addition, he has driven many core initiatives of SEBI such as interoperability among Stock Exchanges and Clearing Corporations, system and cyber security framework for MIIs, Regulatory and innovative sandbox, SME platforms etc. Currently, he is a member secretary of the Mutual Funds Advisory Committee (MFAC)
He is the SEBI representative on the Committee on Investment Management of the International Organization of Securities Commissions (IOSCO).
He has also been associated with IFSCA as an Executive Director, during its formative years and was responsible for building various verticals such as capital markets, insurance, fund management, besides creating robust administrative and human resource practices.
He holds a postgraduate in Science and MBA.
Mamta Rohit is currently serving as Executive Director in Pension Fund Regulatory and Development Authority. She has an extensive experience of more than 34 years spanning across Banking and Pension Sector.
She started her career with State Bank of India (SBI), as a Probationary Officer in 1990 where she served in the areas of International Banking and Small Business Finance. In 1998, she joined IDBI Bank as part of Corporate Banking and later on handled various leadership positions in the area of Retail Banking. Prior to joining PFRDA in 2011, she was Regional Head for the states of U.P. Bihar and Uttarakhand, in IDBI Bank.
In PFRDA, during the past 13 years, Mamta has a wide experience of having led various departments dealing with Regulation and Supervision of NPS intermediaries, Corporates, Pensions Funds & Investments, Promotion & Development and has also held portfolios of Human Resource, Administration, Finance & Accounts, Legal, Vigilance, Internal Audit, Investigation, Adjudication, Grievances Redressal etc. among others. She has also held the additional charge of CEO, NPS Trust.
She holds a first class Master’s Degree in Commerce, is Post Graduate Diploma In Business Administration-HR (Silver Medallist), has graduated from Lady Sri Ram College, Delhi and is a Certified Associate of Indian Institute of Bankers.
Dr. Abhijit Phukon is an officer of the Indian Economic Service (IES) with over 22 years of leadership experience in economic governance, financial sector regulation, and digital transformation across government and public sector institutions.
In his current role as Economic Adviser in the Department of Financial Services (DFS), Ministry of Finance, Dr Phukon spearheads national policy initiatives in the banking operations, fintech, digital payments, UPI, cybersecurity, digital data governance, and emerging technologies shaping India’s BFSI landscape.
With prior experience in the Department of Commerce, Department of Economic Affairs, Ministry of Power, and Ministry of Corporate Affairs, including his pivotal role as Secretary of the National Financial Reporting Authority, he has been instrumental in driving landmark reforms that advance sustainability, inclusion, and good governance.
A PhD in Finance and a Master's in Economics, Dr Phukon also represents India in global forums, trade negotiations, and partnered with multilateral institutions on diverse economic and developmental agendas. He is also the Government Nominee Director in the Board of India Exim Bank, Bank of Maharashtra, and Deposit Insurance and Credit Guarantee Corporation (DICGC).
Ms. J. Meena Kumari is an Actuary with 20 years’ experience and currently Executive Director of IRDAI and comes with over three decades of insurance and actuarial expertise, including 22 years in insurance regulation & supervision at IRDAI and also served as Advisor to CE at Financial Services Commission, Mauritius. She possesses a robust grasp of financial markets, economic dynamics, prudential norms and market conduct issues. As an Executive Director at IRDAI, she is spearheading the Life and Supervision Departments including mentoring the Risk-Based Supervisory Framework team in its development & implementation. She has effectively managed a diverse portfolio of functions by heading various departments at IRDAI including Actuarial, Health, Supervision, Non-Life, HR, Administration, Internal Accounts & Estates and Corporate Services. Prior to her tenure at IRDAI, she gained nine years of experience at the Life Insurance Corporation of India (LIC).
She is known for initiating many policyholders’ centric initiatives such as framework for non-linked, linked product regulations enhancing value to customers in terms of enhanced covers in insurance policies, increased surrender values, rationalized commission levels based on duration, IT system readiness for servicing policyholders, managing in-force business to enhance persistency, conceptualization of portability of health insurance products, initiating health insurance regulations including standardization in the operational matters relating to claim settlement of health insurance. She has extensively contributed to capacity building and developing framework related to various actuarial matters including rationalising Appointed Actuary System in India.
Ms. Meenakumari is also a Non-Executive Director on the Board of Bima Sugam India Federation, representing Insurance Regulatory & Development Authority of India.
Ms. Meenakumari is a Fellow of the Institute of Actuaries of India (FIAI), from Institute of Actuaries of India, Mumbai in 2006 and also holds a Certificate in Finance and Investments (2000) from the Institute of Actuaries, London. Her foundational education includes a Bachelor of Science in Mathematics, Physics & Chemistry from Sri Krishna Devaraya University, Anantapur in 1992.
Demonstrating a unique breadth of knowledge, Ms. Meenakumari is also trained in the Train the Trainer program from Dr. Subhash Palekar and holds a “Certificate in zero budget farming (Natural farming), acquired in 2017.
Ms. Aparna Sinha, Economic Adviser, Department of Economic Affairs, Ministry of Finance, Government of India.
Ms. Aparna Sinha is an officer of the Indian Economic Service (IES) of 1999 batch, with extensive experience in economic policy, international trade, and financial sector related matters.
Ms. Sinha has served in various capacities in Government of India. She began her career in the Regional Evaluation Organisation (REO) of the Union Planning Commission (now Niti Aayog), Chennai where she was responsible for the evaluation of various Centrally Sector Schemes (CSS). She has worked for many years in the Department of Commerce, Ministry of Commerce and Industry of the Govt. of India, handling services trade negotiations in both bilateral and multilateral agreements. She served as Counsellor (Services) at the Permanent Mission of India (PMI) to the World Trade Organization (WTO), Geneva during 2017 to 2020.
Currently, she serves as Economic Adviser in the Department of Economic Affairs, Ministry of Finance, Government of India where she handles financial sector related issues including digital economy and fintech, financial stability, cyber security, financial sector and legislative reforms, financial inclusion and crypto-sector related issues.
The International Financial Services Centres Authority (IFSCA) has been established to regulate and develop financial services in the International Financial Services Centres (IFSCs) located in India.
