CEO MONTHLY / NOVEMBER 2026 13 At the Helm of One of the World’s Biggest Stock Exchanges – Twice Offering updates on exchange traded products and the latest insights on capital markets, India’s economy, and investor education, the National Stock Exchange of India Limited (NSE) is renowned internationally for driving economic growth in India. As its CEO, Ashish Chauhan, is named Most Influential CEO 2026: Capital Markets Innovation Leadership – India, and NSE itself crowned the Capital Markets Institution of the Year 2026 – India, we took a closer look at key role that its CEO has played. The National Stock Exchange of India Limited is India’s largest stock exchange and the world’s largest derivatives exchange. It was officially incorporated in 1992, before being recognised as a stock exchange by the Securities and Exchange Board of India (SEBI) the following year. It commenced operations in 1994, with the launch of the wholesale debt market, followed shortly thereafter by the launch of the cash market segment. In the more than 30 years since, NSE has continued to evolve and expand its offerings. From its headquarters at the Bandra Kurla Complex in Mumbai, NSE today stands as a market leader across both the cash and F&O segments of the capital and derivatives markets. It covers a vertically integrated, multi-asset class exchange that spans trading, clearing, listing, index, and data services, within the cash market, F&O, exchange-trade currency, commodity derivatives, mutual funds, wholesale debt, and interest rates alike. Ashish Chauhan joined NSE as its CEO in July 2022, having previously served as its vice president from 1993 to 2000. During his first tenure, Ashish worked as part of a closeknit team of five, helping to establish and then operate NSE during its earliest days. Ashish specifically was responsible for managing NSE’s equities markets from 1994 onwards, and he proved instrumental in setting up initial IT infrastructure like the first commercial satellite telecom network in India for NSE to utilise. This is just the beginning, as Ashish was also essential in creating NSE-50, the largest trade index in derivatives in India, and securing NSE’s certification in financial markets, not to mention bringing IPO through screen and several other innovations to India’s markets. As a result of helping to set up modern exchange traded financial derivatives in India during his first stint with NSE, Ashish came to earn the nickname ‘the Father of Modern Financial Derivatives’ in India, which has since stuck. Upon leaving NSE as the new millennium dawned, Ashish secured work in other esteemed organisations across India, including serving as group CIO of the Reliance group and even the CEO of cricket team the Mumbai Indians. Before triumphantly retuning to NSE, Ashish worked as the deputy CEO and then CEO of Bombay Stock Exchange (BSE) Limited. A decade at the helm of Asia first’s exchange put Ashish in a great position to lead NSE, which is today the fifth-largest stock exchange in the world by way of total market capitalisation. With Ashish as its CEO, NSE continues to blossom into a homegrown brand with a global vision. This is seen through achievements including being the largest multi-asset class exchange across number of trades in cash equities and contracts traded in equity derivatives in fiscal year 2026. In the same period, in what was another full-circle moment of sorts for Ashish, NSE officially became listed on the BSE, following a decade-long wait. Whilst this marks the start of a new chapter for NSE, it is simply the most recent of many headlines. A long-time pioneer, NSE has been an innovator since it first started trading 32 years ago, and set a benchmark for increased system performance and reliability thanks to Ashish and the small team who got things up and running when the National Stock Exchange of India Limited was little more than an idea that some of them had. NSE has kept on the right track ever since by investing majorly across both of these areas, nurturing an impressive culture of innovation and utilising the latest tools to promote transparency and efficiency. More recently, this can be seen through a robust, state-ofthe-art technology platform that offers safety, efficiency, and robustness when it comes to trading/investment opportunities across all asset classes and for all types of investor. This feeds into something bigger for NSE, which is committed to investor protection and the disciplined development of the dynamic capital market landscape in India. Ashish embodies this every day, and remains committed to nurturing NSE’s growth as we move into the final months of 2026 and beyond. Capping off the year with a title for himself and another for something that he has been such an integral part of for so many years, it is our pleasure to celebrate Ashish Chauhan and the NSE itself in our Most Influential CEO Awards 2026 feature. More on one of the world’s most dominant stock and derivatives exchanges can be found at the link below. Company: National Stock Exchange of India Limited Web Address: https://www.nseindia.in/ Nov23008
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