Leadership Team

Board of Directors

Mr.Ketan H. Marwadi

Mr. Ketan H. Marwadi

Chairman & Managing director

Mr. Ketan H. Marwadi promoted the Company in 1992. He has also been instrumental in guiding the Company for securing the corporate membership of BSE & NSE in cash and derivatives segment, membership of Saurashtra Kutch Stock Exchange Ltd., and for the launching of depository services of NSDL and CDSL.In his current role, he is the chief strategist, overseeing MSFL’s strategic growth and development as well as the operational functioning and initiatives for ensuring best investor services.

Mr. Ketan H. Marwadi has more than 25 years of experience in the primary as well as the secondary market of Capital Market, dealing with stock exchanges, regulatory and statutory bodies, and monitoring of overall compliance. His core expertise also lies in research & development of capital markets and launching various services for the investors as per their requirements.

Mr. Ketan Marwadi has the distinction of holding several leadership roles. He has been the Vice President of Saurashtra Kutch Stock Exchange and a director of SKSE Securities Ltd. (which is a subsidiary of Saurashtra Kutch Stock Exchange). He has served as an Executive Committee member of OTCEI and assisted NSE in resolving many trade-related matters as a member of Committee of Trade-related issues (COTI). Currently, he is the Member of Executive Committee (F&O Segment) of NSE and Director – ANMI-WRIC Board.

Mr. Ketan Marwadi is a graduate in Civil Engineering.

Mr.Deven H. Marwadi

Mr. Deven H. Marwadi

Whole Time Director

Mr. Deven H. Marwadi has been the Director of the Company since 1998. His experience includes over 25 years of expertise in the area of risk management in the financial services industry.

Overall experience of over a decade in the Stock market related activities and has been appointed as director of the company in the year 1998. He has extensive knowledge and expertise in the line of trading and clearing segment and is in whole charge of day today trading activities of NSE and BSE trading in Cash and derivatives segment. He is in charge of total client base of the organization including DP operations of NSDL and CDSL apart from looking after the trading requirements of Commodity market carried out by the subsidiary company having membership of MCX and NCDEX.

Having overall management, superintendence, and control of pay-in and pay-out obligations with the exchanges relating to funds and securities, maintenance of pool accounts of securities, monitoring collections and payments of funds, delivery of securities to the clients and to pool account on daily basis, meeting settlement obligations of the exchanges and related activities. Monitoring of trading activities of branches and sub-brokers and taking effective surveillance decisions.

Mr.Sandip H. Marwadi

Mr. Sandip H. Marwadi

Whole Time Director

Appointed as Director of the company in the year 1998. He has extensive knowledge and expertise in the line of hardware and software and various networking facilities. He is in charge of hardware and software operations of the company, installation of hardware and software, its maintenance, connectivity and networking of branch offices and sub-brokers, back-up operations, software developments in relation to stock broking and DP related operations of the company. Upgradation of technology, computer peripherals, effective networking of the company and its branch offices and to provide uninterrupted communication facilities to the ultimate users.

Mrs. Mira Deven Marwadi

Mrs. Mira Deven Marwadi

Whole Time Director

She has been associated with our Company since 1995.

She holds a degree of Bachelor of Commerce and has about 21 years of experience in stock market related activities.

Mr.Jeet Ketan Marwadi

Mr. Jeet Ketan Marwadi

Whole Time Director

He has been associated with our Company since 2017.

He is Graduate in Economics from Loyola Marymount University, Los Angeles.

He has been implementing and is instrumental in bringing in new ideas and processes of positive work culture in our Company.

Mr. Dhruv Sandip Marwadi

Mr. Dhruv Sandip Marwadi

Whole Time Director

He has been associated with our Company since 2021.

He holds degree of Bachelor of Science (with Honors) in Management from University of Warwick, UK.

Mr. Juhi Devenbhai Marwadi

Miss Juhi Devenbhai Marwadi

Non-Executive Director

She has been associated with our Company since 2020.

She heads the project management teams at our Company and is involved in the strategic planning.

Independent Directors

Mr. Kantilal Kalidas Khakhar

Mr. Kantilal Kalidas Khakhar

Independent Director

He has been appointed on Board of our Company since 2015.

He is a retired professor of Saurashtra University.

He had headed Department of Economics in Saurashtra University during the period of his service.

Mr. Nareshkumar Dilawarsinh Jadeja

Mr. Nareshkumar Dilawarsinh Jadeja

Independent Director

He has been appointed on Board of our Company since 2016.

He holds Master of Engineering and Master of Science degrees from Stevens Institute of Technology, USA and has worked with United States’ Environment Protection Agency affiliated organization for 8 years in Air, Water and Soil Analysis.

He joined Gujarat Technological University (GTU) as Deputy Director and was involved with development and execution of Student Start up Policy, GTU Incubation Center, Community Innovation and Co Creation Center, Bosch-Rexroth Center of Excellence, GTU Techfest, GT Motorsports team.

Key Managerial Personnel

Mr. Keval Bhanushali

Mr. Keval Bhanushali

Chief Executive Officer

An IIM Calcutta and Harvard Business school alumnus. Youngest & successful CEO’s of a leading financial services business.

He is a business planner with deep experience in wealth & portfolio management, investment advisory & financial market investing

Mr. Sanjay Thakrar

Mr. Sanjay Thakrar

Chief Financial Officer

An ICWAI graduate, Mr. Sanjay Thakrar supervises and controls the overall accounting functions.

He is responsible for conducting internal audits, preparing monthly and quarterly financial statements, management information reports, and supervising internal audit team.

Mr. Tushit Mangukiya

Mr. Tushit Mangukiya

Company Secretary

With around two decade long experience in stock broking compliance, heads the compliance team at MSFL.

Responsible for ensuring corporate compliances, broking and depository compliances in accordance with the rules, regulations and circulars from exchanges, depositories and SEBI.