ANMI elects Dr. Vijay Mehta as its 28th National President
Bureau,Odishabarta
26th April 2023: Mumbai, India – ANMI, the largest pan-India industry body representing market intermediaries and stock brokers, is pleased to announce Dr. Vijay Mehta (Chairman: Mefcom Capital Markets Ltd., New Delhi) as its 28th President for the year 2023-24.
Dr. Mehta is a highly respected figure in the Indian capital market, and he brings with him a wealth of experience and expertise, guiding thousands of investors through changing investment conditions over the last three decades, with market research, balanced planning and foresight.
On this occasion Dr. Mehta said, “I am humbled and honoured by the trust placed in me by the esteemed members of ANMI. In the current times of rapid changes and challenges, I believe it is imperative to focus on skill-development and technology to achieve our collective goals. I look forward to working closely with all sections of capital market intermediaries to promote the growth and development of the industry, enhance compliance practices, and create a conducive environment for the markets to expand and thrive.”
With a focus on the following key areas, I am dedicated to leading ANMI to new levels of success and achievement in the coming years.
Ease of Doing Business reforms: The focus will be to plan and undertake several EoDB reforms for the broking industry especially in the areas of Compliance, standardisation of Softwares, and the problems being faced by small and medium stock brokers.
Leveraging technology: In a world where information moves quickly, successful operations will rely on leveraging technology to facilitate connectivity among stakeholders and members.
Strengthening of International Relationships: India today is the 5th largest economy and our Stock Exchanges are among the largest in the world. ANMI proposes to increase its interaction with international bodies like ASF, ICSA, JSDO etc. and to host their next AGMs in India.
Promoting Investors education: ANMI believes in promoting investors education and awareness to enable investors for seamless and smooth market participation which will lead to greater responsibilities to facilitate investor participation.
Industry status for Capital Markets: With DP accounts exceeding 100 million and market turnover exceeding lacs of crores, the capital market in India has come of age. There is a greater need that the Government seriously considers to confer the Industry Status thereby providing easy access to bank finance, lower tax rates and other facilities at par with the international practices.
Commenting on the development, outgoing President, Mr. Kamlesh Shah said : “It was my honour and privilege to serve as the President last year and I have enjoyed it to the fullest. The year was eventful as we were continually engaged with our regulator SEBI on many important issues. To an extent, we could build a bridge of trust.
During the year we successfully organised many events like International convention, Stock tech, Participation in India international trade fair, Round table conference on Pre budget discussions, Conference at Gift city, members meeting across India and many more.”
All sections of capital markets and the ANMI community welcomes Dr. Mehta as its new National President and looks forward to his leadership and guidance to lead the organization to new heights in 2023-24.
