Praveena Rai, previously Chief Operating Officer at the National Payments Corporation of India (NPCI), has stepped into a new leadership role as Managing Director and Chief Executive Officer (CEO) of the Multi Commodity Exchange (MCX).
With close to 30 years in the financial sector, Rai brings extensive experience from her roles at Kotak Mahindra Bank, Citi and HSBC, prior to her tenure at NPCI. While at NPCI, she managed business strategy, marketing, product development, technology and operations, contributing substantially to the organisation’s growth and strategic direction.
Founded in 2003 and headquartered in Mumbai, MCX stands as India’s leading commodity derivatives exchange, facilitating trading in futures and options across diverse segments such as bullion, base metals, energy and agriculture.
MCX commands over 95 per cent of the Indian commodity derivatives market share, ensuring a transparent and efficient trading environment under SEBI’s stringent regulatory oversight.
