Amit Sinha
Group Head - Social Security and Welfare at Protean eGov Technologies Ltd
Amit has over three decades of experience in the financial services industry. He is currently Group Head at Protean eGov Technologies Ltd. (formerly NSDL e-Governance Infrastructure Ltd).In his professional journey, Amit has been on various advisory committees of Regulators &Trade Bodies (i.e. SEBI,PFRDA, FIMMDA, and FICCI,etc.).Amit possesses a 360-degree understanding of business segments under financial services industry. He is one such rare professional who has spent decades working under thefour key pillars of the BSFI sector (i.e. Stock Market, Mutual Fund Industry, Pension and Insurance).
Amithas been the key architect and a founding member of the critical initiatives of the Government of India that shaped the landscape of India’s Digital Ecosystem. Be it large technology creator or a small Fintech start-up, Amit has the agility to engage & guide across the volume, in a contextual manner.
Amit has made a significant contribution towards establishing India’s first depository, making the capital market paperless. He was part of this collective effort, in establishing a full-grown public good company(i.e. NSDL), from something called aninnovative ‘start-up idea’, in the early 90s.
Building on that experience, Amit in his leadership position, extensively engaged with the Government &Regulatory agencies in influencing the pension ecosystem of India and continues to do so. He helped conceptualise, design, and implementNational Pension System (NPS) & Atal Pension Yojana (APY) in India. He lives by the motto of ‘Making India a pensioned society’.
1. Protean eGov Technologies Ltd. (Formerly NSDL e-Governance Infrastructure Ltd.)
Group Head – Social Security & Welfare
2013 - Present (9 years)
Mumbai, Maharashtra, India
• Amit has a balance-sheet responsibility of the National Pension System (NPS) vertical in Protean. This business line contributes significantly to the enterprise value of the organization. Under his leadership,Central Record-Keeping Agency (CRA) system has around 5.8 billion subscribers and ‘AssetsUnder Management’ (AUM) of Rs. 8.08 trillion(as on 19th Nov, 2022).
• Under Amit’s leadership, Protean CRA successfully implemented Atal Pension Yojana (APY) in a short span of a ‘ninety days’ time frame. (APY is a flagship initiative of Government of India, in social security space, introduced in 2015. It is a defined contribution scheme to ensure pension security for underprivileged citizens).
2. National Securities Depository Limited (NSDL)
Executive Vice President
2008 - 2013 (5 years)
Mumbai, Maharashtra, India
• Serving role akin to a Founder CEO for ‘Central Record-Keeping Agency’ (CRA) system within the organization, Amit helped develop this federated structure, right from the inception stage and laid down the foundation of citizen centric services for the pension landscape.
• Took on the responsibility for establishing credentials of the CRA system & scaling up business across Public Sector, Corporateentities, and Individuals.
Education
1. Indian School of Business • (2010 - 2010)
2. Indian Institute of Management, Ahmedabad • (1995 - 1995)
3. Amravati University -MBA, Marketing • (1987 - 1989)