Mumbai, September 4, 2023: SBICAP Securities Ltd. is pleased to announce the appointment of Mr. Suresh Shukla as its Chief Business Officer, strengthening its top management team. In his new role, Mr. Shukla will be at the helm of driving the company’s business operations and play a strategic role in spearheading the next level of growth.
With more than 2.5 decades of rich industry experience, Mr. Shukla brings a profound understanding of equity markets, sales & revenue, digital transformation, business strategy, and customer experience. Before joining SBI Securities, he held key leadership positions at Kotak Securities Ltd, where he played a pivotal role in initiating and scaling up businesses, contributing significantly to Kotak Securities‘ business growth. His leadership and strategic acumen were instrumental in devising transformative initiatives.
“We are delighted to welcome Suresh as our new Chief Business Officer. His extensive expertise in business development and strategy at the highest levels, along with his in-depth knowledge of the equity market, will be of immeasurable value as SBI Securities enters its next stage of expansion. As a results-oriented leader, Suresh brings a dynamic, forward-thinking mindset to create innovative business and financial strategies that drive both top and bottom-line growth. We are committed to addressing the equity penetration gap in the country. There are just about 12 crore demat accounts in India today, but, given the potential and speedy economic growth, the market can see a many-fold growth in Demat accounts in the next three years. Strengthening our leadership team will help us advance our strategic plan towards widening and deepening of equity participation in India and accomplish our long-term goals,” expressed Mr. Deepak Kumar Lalla, MD & CEO, SBICAP Securities Ltd.
“I am excited to be part of an esteemed brand like SBI and look forward to contributing in superior financial and operational execution in the years ahead. We have the unique opportunity to become industry leader and the trusted provider of financial services by utilizing cutting-edge technology, leveraging the illustrious legacy and broad reach of the SBI Group” said Suresh Shukla, Chief Business Officer, SBICAP Securities Ltd.
