Jigar Shah Joins National Securities Depository Limited as Chief Financial Officer

Jigar Shah has taken on the role of Chief Financial Officer at National Securities Depository Limited (NSDL), bringing with him a wealth of experience in financial management, strategy, and investor relations. A seasoned Chartered Accountant, he has built a strong career in finance, having worked with organizations such as IDFC First Bank, Standard Chartered Bank, and Ernst & Young. With an academic background from the Indian Institute of Management Calcutta, Jigar has demonstrated expertise in financial reporting, taxation, treasury management, and capital optimization.

Before transitioning to NSDL parent entity, Jigar Shah served as the Chief Financial Officer at NSDL Payments Bank, where he played a crucial role in overseeing financial operations, regulatory reporting, and strategic planning. His leadership was instrumental in driving business growth, optimizing working capital, and strengthening the finance function of the organization.

During his tenure at IDFC First Bank, Jigar held leadership roles in business finance and strategic investment. Prior to that, he worked at Standard Chartered Bank as an Associate Director in commercial banking, where he handled relationship management and financial solutions for emerging market clients.

Jigar’s early career at Ernst & Young provided him with a strong foundation in auditing, financial analysis, and corporate finance. His experience across various domains of finance has enabled him to take on senior roles with a deep understanding of financial strategy, risk management, and operational efficiency. His ability to build financial frameworks from the ground up has been a defining aspect of his professional journey.

Recognized for his contributions to the finance sector, Jigar Shah has been featured in the Top 100 CFOs Roll of Honor for 2025. He has also been honored with the CFO Impact Award for his expertise in managing finance for start-ups. These accolades highlight his commitment to financial excellence and his ability to drive organizational growth through strategic financial planning.

As he steps into his new role at NSDL, Jigar is expected to leverage his extensive experience to strengthen financial reporting and governance, optimize financial operations, enhance investor relations, including IPO preparedness.