Power Exchange India Limited
India's first institutionally promoted Power Exchange that provides innovative and credible solutions to transform the Indian Power Markets. more...
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Mr. Manohar Govindrao Raoot , Chief Executive officer

Mr. Manohar Govindrao Raoot, a senior and seasoned power sector professional, is the Chief Executive Officer of PXIL.

Thanks to his innovative approach and implementation, Mr. Raoot has been a leading change manager throughout his career whether it was establishment of North East Region Load Despatch Centre (NERLDC) or implementation of SCADA technology across Regional LDCs.

In his distinguished and illustrious career, spanning more than 35 years, Mr. Raoot has served Central Electricity Authority, Power Grid Corporation of India in different capacities and National Power Exchange as its founding MD & CEO. During his tenure, Mr. Raoot has been a pioneer in the field of implementation of Availability Based Tariff in Western, Eastern and North Eastern Regions. Among the many firsts in his professional career, implementation of computer based "Unified Load Despatch Scheme", development & implementation of 'time stamping' in RTUs and computation of losses and UI bias, are the few to stand out.

Mr. Raoot is recipient of numerous awards including the prestigious 'CBIP National Award for creative work in Power Sector'. He contributes towards growth of the sector by representing himself at numerous Committees on power system planning, imparting training and workshops to sector professionals. Mr. Raoot has published and presented around 60 technical papers at various seminars, workshops and symposiums. An able leader and visionary, it is no surprise that Mr. Raoot has ushered a new era through implementation of Open Access in retail segment in the country, by virtue of being philosopher and guide to many a successful electricity traders, IPPs, CPPs and other stakeholders in Power sector.

Mr. Raoot, has travelled extensively across the globe to Americas, European nations and East Asia.

A State level merit holder throughout his academics, Mr. Raoot is an electrical engineering graduate and has done his PG Diploma in Business Studies.


Mr. Shekhar Rao, CFO.

Shekhar Rao is the Chief Financial Officer of the Company.

At PXIL, he is responsible for Finance & Accounts, Tax, Legal & Secretarial Functions.

He is a Seasoned Finance Professional having 22 years of varied experience in Finance & Accounts function spanning areas of Planning, Risk Management, Taxation, Audit and Compliance.

Prior to joining PXIL, he was with National Stock Exchange of India for around 15 years where he was CFO of NSE Strategic Investment Corporation limited along with his responsibilities in Finance & Accounts, Consolidation, Audit and Compliance Functions of NSE. He has also worked with United Phosphorus Limited where he was overseeing Accounts & MIS.

Shekhar is a member of the Institute of Chartered Accountants of India and has completed several leadership and management programs from premier institutes such as IIM(A), IIM(L) and XLRI.

Chandrasekhar Bhat, VP, IT & Business Development (Manager - KMP)

Chandrashekhar Bhat heads the IT & Business Development function at PXIL. He has been appointed as Manager (Whole Time Key Managerial Personnel - KMP) of the Company w.e.f. 15th December, 2016.

Chandrashekhar is a seasoned professional with over 25 years of diverse and significant work experience in power system operation. He has been closely associated in the Indian Electricity Grid Code development and the regulatory framework in power sector of India.

Prior to joining PXIL, Chandrashekhar worked with Western Regional Load Dispatch Centre as Chief Manager before which he was with Central Electricity Authority as Assistant Director. He is adept in managing real time SCADA systems, has actively led several information technology integration initiatives as well as realigned several processes under the ambit of ISO certifications.

Chandrashekhar is an Electrical Engineer from VJTI, Mumbai and has completed his M.Tech (Electrical - Power Apparatus & Systems) from IIT, Mumbai.

Mukti Marchino, AVP, Membership C&S and Market Operation

Mukti heads the Membership Clearing & Settlement and Market Operation at PXIL.

He is responsible for designing a robust and efficient Clearing & Settlement (C&S) system for PXIL products and devising Risk Management policy and procedures. Prior to joining PXIL, Mukti Marchino was Heading Operations for Offline Stock broking in ICICI Securities Limited. He was responsible for Product Conceptualization & Process set up, Risk Management, Collateral Management, Trades and Clearing and Settlement. He was a Member of Process Approval Committee.

Mukti brings with him work experience of more than 21 years. He started his career with Stock Holding Corporation of India Limited (SHCIL), country’s premier Custodian and Depository Participant, and the largest Professional Clearing Member, where he handled the entire function of Capital Market which includes, Clearing and Settlement, Collateral Management, Cash Management, Corporate Actions, Trade Settlement, Depository / Custodial Services etc. It involved Co-coordination with more than 85 branches of SHCIL. He was also instrumental in starting a web based interactive customer information system.

Mukti has a MBA and has a Bachelor's degree in Physics.

Kapil Dev, AVP, Business Development

Kapil is a member of the strategic business initiatives team at PXIL.

In addition to leading the business development initiatives, he is also responsible for relationship management with stakeholders and regulatory interfaces with CERC.

Kapil is a seasoned Power sector professional with 16 years of domain experience. He has worked across multiple functional domains such as Business Development (client and asset acquisition), business planning, contracts and commercial, project management, erection testing & commissioning.

Kapil has worked for National Hydroelectric Power Corporation, a Govt. of India Enterprise, Reliance Energy Limited, Moser Baer Projects Private Limited etc.

Kapil is an Electrical Engineering Graduate from Aligarh Muslim University and has done his PGDBM from Indian Institute of Management, Bangalore.

Randall Miranda, AVP, Human Resource

Randall heads the Human Resources department at PXIL where he holds the responsibility of all people based activity within the organization both from an operational and strategic perspective.

As Head of Human Resources he is involved in many areas such as resource planning and recruitment, performance management and employee development, compensation reviews, organizational development and a variety of employee related issues.

Randall brings with him 15 years of experience in varying facets of Human Resources and has extensively worked in the services industry with organizations like Wipro Spectramind, Intelenet Global Services and Bank of America Continuum.

Randall is a post graduate in Human Resources.

Anil V. Kale, Chief Manager, SPD

Anil heads the Strategy and Product Development department (SPD) at PXIL.

As head SPD he holds the responsibility of formulating and implementing Strategy of the Exchange and helps devise Products that meets Market Participants requirement.

Anil brings with him 21 years of experience in varying facets of Power Sector vis. Regulatory, Policy, Assistance in Tariff based Competitive Bidding, Investments, Project Control, Manufacturing, etc. He has extensively worked in the services and manufacturing industry with organizations like ICRA Management Consulting Services Limited, CRISIL Risk and Infrastructure Solutions limited, Gujarat Mineral Development Corporation Limited (on their 250 MW lignite based Power Project) and DLF Power Limited.

Anil is a Mechanical Engineer from Osmania University, Hyderabad and has completed his MBA (Power Management) from NPTI, Faridabad.


Mr. Sunil Hingwani, Company Secretary

Sunil Hingwani is the company Secretary of the Company.

Sunil Hingwani heads the Secretarial and Legal Department

He holds the responsibility of meeting the compliances of the Exchange and also looking out Secretarial Functions. His Membership Number is 27116 issued by Institute of Company Secretary of India. Sunil has 9 years of experience in Secretarial Functions and also he is well verse in handling Secretarial and Legal Matters. He has extensively worked in the services and manufacturing industry with organizations like Ashapura Garments Limited, Brics Securities Limited and Konark Infrastructure Limited.