IFSC Authority

Solomon Arokiaraj is an IAS Officer of 2000 Batch. Currently, he is holding the post of Additional Secretary, Financial Markets Division, Department of Economic Affairs, Ministry of Finance.

He is also serving in the Boards of Housing & Urban Development Corporation (HUDCO), Air India Asset Holdings Ltd (AIHL) and Security Printing and Minting Corporation of India Limited (SPMCIL). He also served in the Board of India Infrastructure Finance Company Limited (IIFCL) from 23- 01-2023 to 20-07-2025.

Prior to the current assignment, he was holding the position of Secretary to Chief Minister, Andhra Pradesh. He also held various other portfolios like Secretary, Department of Industries and Commerce (Andhra Pradesh); Project Director, AP Municipal Development Project; and CEO, Society for Elimination of Rural Poverty. He had also served as District Collector and District Magistrate of Anantapur, Vishakhapatnam and Chittoor districts.

He holds Bachelor's Degree in Agriculture and Post Graduate Degree in Business Management.

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 Parmod Kumar Arora is the current Member (Actuary) in Insurance Regulatory and Development Authority of India.

Prior to joining IRDAI in January 2021, he was Secretary (International Operations) in LIC of India and he has 35 years of experience of working in various departments in different capacities in LIC.

His experience includes 8 years of work in LIC’s investment department, then 2 years as Product Actuary, 4 years as Appointed Actuary and 2.5 years as Signing Actuary in LIC International Bahrain.

In addition, he has got marketing exposure for more than 7 years as Branch in-charge in different branches of LIC and also worked as programmer for 2 years.

He is a Fellow Member of Institute of Actuaries of India. He is a rank holder from Punjab University in B. Com and also a qualified Cost Accountant.

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.