Leadership Team

Board of Directors

Mr.Ketan H. Marwadi

Mr. Ketan H. Marwadi

Chairman & Managing director

Area of Expertise

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


Area of Expertise

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.Sandeep H. Marwadi

Mr. Sandeep H. Marwadi


Area of Expertise

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.