Mumbai, October 05, 2020 - ICICI Securities, India?s leading retail-led equity
franchise, today said that following the superannuation of Mr. Yagnesh Parikh, the
company has appointed Mr. Subhash Kelkar as the Chief Technology & Digital Officer.
Given the wealth of knowledge, domain expertise and experience Mr. Parikh holds,
he will continue to be associated with the Company in an advisory capacity.
Mr. Subhash Kelkar comes with close to three decades of technology and services
industry experience in various strategic and leadership roles. He has worked in
multiple geographies including USA, Europe, Japan and New Zealand and has anchored
many digital / technology led transformations. An engineer from the Sardar Patel
College of Engineering, Mumbai, and Post-graduate from the Centre for Development
of Advanced Computing (formerly NCST), Mumbai, Mr. Kelkar began his career with
Tata Consultancy Services, and over the years has worked with organisations like
Mastek, the Mahindra Group, and IIFL. He joins I-Sec from CMS Info Systems, where
he was the chief Technology Officer.
In his welcome message, Mr. Vijay Chandok, MD & CEO, ICICI Securities
said, "We welcome Subhash to the I-Sec family and look forward to benefiting from
his vast experience of being a change agent in many digital and technological initiatives,
both as a client and as a service provider. I-Sec is focusing heavily in digitizing
and automating systems, processes, and offerings, and with Subhash by our side,
we are confident of gaining a key technological edge. I would also like to thank
Yagnesh for his immense contribution towards setting up and growing the ICICI direct
platform and look forward to continue benefiting from his experience and expertise."
"I am thrilled to join ICICI Securities, which is a pioneer of online trading in
India. The robustness of the platform can be judged from the fact that it has withstood
and adapted with multiple technology changes over the last two decades and continues
to remain a platform of choice for ~5 million and growing customers. The team has
launched pioneering digital initiatives and I hope to accelerate the pace of innovation
in the system," said Subhash Kelkar, Chief Technology & Digital Officer, ICICI
"After over 25 years with the ICICI Group, and being a member of the core team which
successfully launched icicidirect.com in 2000 which changed the face of trading
in India, I had a very satisfying stint. The technology group at I-Sec is second
to none and I was privileged to lead such a motivated team. I am happy to pass the
baton to Subhash who comes with impeccable credentials," said Mr. Yagnesh Parikh.
He continues to be associated with the company in an advisory role.
About ICICI Securities
ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company
began its operation in May 1995 and continues to grow its operation through expanding
its client base and providing different type of services.
I-Sec operates www.icicidirect.com, a virtual
financial supermarket, meeting the three need sets of its clients- investments,
protection, and borrowing. Through its three lines of businesses -- broking, distribution
of financial products, and investment banking-- I-Sec serves customers ranging from
the retail and institutional investors to corporates to high net-worth individuals
I-Sec is listed on National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
For details, visit: www.icicisecurities.com
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