GIM's 'Ribandar Talks' Feature Ashish K. Chauhan, CIO - Reliance Infocomm

As a part of "Ribandar Talks - A lecture series by eminent personalities", a student driven initiative, Goa Institute of Management organized a talk by Mr. Ashish Kumar Chauhan, CIO - Reliance Infocomm.

"Whatever you do - just overdo it"

This was the golden rule that was followed by Mr. Ashish Kumar Chauhan, which fetched him the "World's TOP 100 CIO" at a ripe age (in his late thirties).

On completion of his post-graduation from IIM-A, he started his career in IDBI. After the volatility witnessed in the stock markets during the Harshad Mehta times, Government of India decided to take control of the situation & IDBI was given the responsibility of setting-up a stock-exchange, which would ensure greater transparency for investors, which was the major drawback of our stock-markets especially BSE. So a team of six people was formed to implement this project, of which Mr. Ashish was the youngest as well as the only Engineer (IIT-Bombay), others being Economists & Cost Accountants.

The team worked on the project by studying foreign markets. So, he was sent abroad to study the stock exchanges as well as the VSAT technology (which the committee was planning to implement for the first time in India). The outcome of the study was as follows: -

• Most of the major stock exchanges abroad were floor-based, but the team decided to implement screen-based exchange.

• Needed satellite-based telecom system for the running of the exchange.

• Needed a stock-exchange, which adopts the principle of an order-driven market.

The cost of implementation of the above was around 50 million dollars.

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Contributed by -
Student PR Cell,
Goa Institute of Management,
Ribander, Goa.