After 36 years of a corporate career in Gestetner India Ltd (merged with RICHO), Mr. Satpal Rawal retired as a Vice-President of the company in 2001. Immediately after retirement, he started his own enterprise “Open Futures”, pioneering a breakthrough in the field of wealth management. With rapid strides in business, he got the membership of NSE in the year 2008, followed by membership of MCX, BSE, MCX-SX and NCDEX.
Mr. Rawal has commendable financial qualifications, he is a Licentiate from IRDA, AMFI, MDRT (USA) and cleared the MF exam from Fin Varsity. He was nominated for the Best Financial Planner by CNBC in 2007-08.
Sanjay started his career as a trader on the DSE at the age of eighteen. He soon became the most sought after “badla” trader, and a regular feature on CNBC and NDTV screens as an astute financial analyst. He graduated from Shri Ram College of Commerce, Delhi University with a degree in Commerce (Hons). Open Futures was one of the first few companies to start Algorithmic Trading in India, and was also among the first to start operations in the NSE Colocation. The company now makes proprietary mathematical models and trades various asset classes.
Today, the Open Futures Group is a member of the NSE, BSE, MCX, MSEI (formerly MCX-SX), and NCDEX.
Vishwavir Saran Das
Vishwavir Saran Das (Age 62 yrs.) retired as Executive Director from the Reserve Bank of India where he served for over 36 years in almost all central banking areas. At the time of his retirement on July 31, 2012, his responsibilities related to the oversight of Financial Stability, Communication, Financial Education and Board matters. He was also the Appellate Authority under the Right to Information Act.
During his long tenure in the RBI, he has led many functional areas such as HR, banking regulation/ supervision, regulation of NBFCs, foreign exchange regulations, promotion of lending to the priority sectors, financial inclusion and financial literacy, payment and settlement systems, O&M, IT projects, currency management, public debt management and central bank accounting systems and policies. He has served several Committees and Working Groups as Chairman/ Member and as a Director on the Boards of Banks as well as various other institutions. He recently served on the Working Group constituted by the Financial Stability Board to study the impact of regulatory reforms on Emerging Market Developing Economies.
Post-retirement, Das is on the Boards of IDFC Asset Management Company Ltd. and JCB India Ltd. as a Non-Executive Independent Director, on the panel of arbitrators of the National Stock Exchange of India Ltd., BSE Ltd. and MCX Ltd., Advisor to Gujarat International Finance-Tec City Co. Ltd., Gujarat Urban Co-operative Bank’s Federation, Open Futures Pvt. Ltd., New Delhi (a financial services company) & Centre for Tax Awareness & Research (CTAR), New Delhi. He provides consultancy services in the spheres of HR and strategic management, FEMA and regulations relating to NBFCs and banks.
Das, who has a post graduate degree in Management, with specialization in HR, from Jamnalal Institute of Management Studies, Mumbai, has special affinity for HR Management, organizational development, strategic planning, communication and banking and financial regulations. He graduated in Economics from University of Allahabad and is a Certified Associate of the Indian Institute of Bankers.