MCX appoints Sanjay Rajpal and Manoj Jain as Executive Directors
Multi Commodity Exchange of India Limited received SEBI approval to appoint Mr. Sanjay Rajpal and Mr. Manoj Jain as Executive Directors for five years. Mr. Rajpal will oversee Critical Operations, bringing extensive experience from Amazon, while Mr. Jain, currently the Chief Compliance Officer, will manage Regulatory Compliance and Risk Management. Both appointments are effective immediately upon joining and require shareholder ratification.
*this image is generated using AI for illustrative purposes only.
Multi Commodity Exchange of India Limited has secured regulatory approval to appoint Mr. Sanjay Rajpal as Executive Director (Critical Operations) and Mr. Manoj Jain as Executive Director (Regulatory, Compliance, Risk Management & Investor Grievances). The appointments, effective from their respective joining dates, are for a term of five years and subject to ratification by the shareholders. This move strengthens the exchange's leadership in technology and regulatory compliance.
SEBI granted approval for Mr. Sanjay Rajpal's appointment via a letter dated May 25, 2026, while Mr. Manoj Jain received approval on May 27, 2026. The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Neither appointee is related to any existing director of Multi Commodity Exchange of India Limited , nor are they debarred from holding the directorship by any regulatory order.
Mr. Sanjay Rajpal brings over 25 years of global experience in technology, currently serving as Head of Technology at Amazon. His expertise spans ecommerce, banking, financial services, and cloud computing. He has led AI-led payment ecosystems and built Generative AI solutions to enhance customer experience. Previously, he held leadership roles at Finastra, Reliance Jio, Yodlee, and Intuit, and is an alumnus of IIT Delhi.
Mr. Manoj Jain is a capital markets professional with 30 years of experience in regulatory compliance and risk management. He currently serves as the Chief Compliance Officer at Multi Commodity Exchange of India Limited, a role he has held since June 2025. Prior to this, he was the Chief Operating Officer from November 2021 to May 2025 and began his career at SEBI. He holds an MBA from FMS, University of Delhi, and a B.Tech from NIT Kurukshetra.
Appointment Details
| Detail | Mr. Sanjay Rajpal | Mr. Manoj Jain |
|---|---|---|
| Designation | Executive Director (Critical Operations) | Executive Director (Regulatory, Compliance, Risk Management & Investor Grievances) |
| SEBI Approval Date | May 25, 2026 | May 27, 2026 |
| Term | 5 years | 5 years |
| Effective From | Date of joining MCX | Date of joining MCX |
Historical Stock Returns for MCX
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.46% | -14.16% | +4.40% | +41.71% | +129.98% | +851.10% |
How will Mr. Rajpal's expertise in Generative AI and cloud computing influence MCX's technological roadmap and competitive edge?
What strategic shifts in risk management and compliance frameworks can be anticipated under Mr. Jain's expanded leadership?
How will these leadership appointments impact MCX's market share and operational efficiency over the next five years?
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
