Mrugank Paranjape, MD & CEO of commodity exchange Multi Commodity Exchange of India, will step down on May 8 on completion of his tenure. According to sources, three people have been shortlisted for the post.
Kotak Mahindra Bank is the single largest shareholder in
MCX with 15 per cent stake.
Paranjape decided not to seek a second term. "
Mrugank Paranjape, MD and CEO and a key managerial personnel of the company, whose term expires with effect from close of business hours on May 8, 2019, has decided not to pursue the opportunity of a second term as the MD and CEO of MCX," the firm said in a regulatory filing.