National Executive Meeting of CPAI Addressed by Hon’ble whole time SEBI Member
The National Executive Meeting of the Commodity and Capital Participants Association of India (CPAI) was held at Kasauli, Himachal Pradesh, and was graced by Shri Kamlesh chandra Varshney , Hon’ble whole time Member, SEBI, along with Shri Amit Pardhan, Regional Head, SEBI.
In his keynote address, Shri Varshney reaffirmed SEBI’s unwavering commitment to Ease of Doing Business and, most importantly, Investor Education & Protection. He emphasised that under the clear direction of SEBI’s Hon’ble Chairman, Investor Education & Protection remains a top priority—essential for building trust and ensuring long-term market development.
He also appreciated CPAI’s active role in representing market participants and encouraged open dialogue to further enhance regulatory clarity, reduce operational challenges, and promote wider investor participation.
CPAI President Shri Rakesh Jain expressed gratitude to both the SEBI Member and the Regional Head for their presence and insights. He highlighted that the broking fraternity feels more confident and aligned with SEBI’s consultative and market-friendly approach.
The meeting concluded with a shared view that India’s financial markets are poised for strong and sustainable growth, led by reforms, innovation, and a deepened focus on Investor Education & Protection.
Sanjay Rawal, director with Open Futures And Commodities IFSC Private Limited, is registered with the Ministry of Corporate Affairs (MCA), bearing DIN 00142069. He is an Indian staying in Gautam Buddha Nagar, Uttar Pradesh, India.
Sanjay Rawal is currently associated with 6 Companies and is director with Open Futures & Commodities Private Limited, Open Futures Lending Private Limited, Open Futures & Derivatives Private Limited, Open Futures And Commodities IFSC Private Limited, Open Online Securities Private Limited.
The total paid-up capital of all companies where Sanjay Rawal holds active positions is ₹22,276,900.00
Virender Mansukhani, director with Algocomm Futures Private Limited, is registered with the Ministry of Corporate Affairs (MCA), bearing DIN 00038702. He is an Indian staying in Gautam Buddha Nagar, Uttar Pradesh, India.Virender Mansukhani is currently associated with 11 Companies and is director with Pragvir Realty Promotors And Builders Private Limited, Subhjyot Properties Private Limited, Mansukh Ifsc Broking Private Limited, Algobounty Investment Adviser Private Limited, Uttam Share Brokers Private Limited, Expansion Properties Private Limited, Inventive Properties Private Limited, Algocomm Futures Private Limited. As a Managing Director with Mansukh Stock Brokers Limited, Mansukh Securities And Finance Limited.
Virender Mansukhani was previously associated with 2 companies, Software Development And Exports (India) Pvt Ltd, Mansukh Institute Of Financial Markets Private Limited.
Mr. Jay Prakash Gupta is The Founder of Dhan (Moneylicious Securities Pvt Ltd), a
technology platform for super traders and long-term investors.
An Alumnus of IIM Ahmedabad, Jay carries with him over 18 years of rich experience
in the financial sector. He is widely exposed to the practical world of equity,
commodity, currency, and other financial segments.
Mr. Gupta has held various senior positions at India’s leading business houses like
Indiabulls, Karvy, Mangal Keshav, and UNICON. He has been among the early leaders
in the Online Broking space in India and has been instrumental in building the EBroking business at Karvy.
Today, Mr. Gupta is a known face in the Broking Industry and features regularly as a
Guest on leading business channels like CNBC Awaaz and other media houses.
He was conferred as India’s Best Analyst – Commodities Fundamental category in
the year 2014 by Shri Narendra Modi and in the year 2016 awarded the Zee Excellence
Award in the year 2016 by Shri Piyush Goyal, Union Minister, Power, Coal, Mines and
Renewable Energy at the Zee Market Analyst Award.