Online bond platform association appoints Aditi Mittal of IndiaBonds as Chairperson

Members of OBPP Association of India - 2024

Online Bond Platform Provider (OBPP) Association of India on May 29 said it has appointed Aditi Mittal from IndiaBonds as Chairperson of the association.

Further, it has appointed Suresh Darak from Bondbazaar as Vice-Chairperson, Tirth Shah of The Fixed Income as Secretary, and Ajay Manglunia from JM Finance as Honorary Member, as per a press release.

Additionally, Nishant Prasad of Wint Wealth has been appointed as Joint Secretary, Pranav Inamdar of Trust Securities as Treasurer, and Aashish Jindal of Grip Invest as Tech Director, the release added.

Aditya Mehta of BondConnect, Vijay Kuppa of InCred Money, Harsh Punjabee of Smest Capital, and Irfan Mohammed of Yubi Securities was appointed as Member, release added.

On November 28, Moneycontrol exclusively reported Ministry of Corporate Affairs has approved the application submitted by online bond platform providers for the formation of their industry body.

The name under which the association is registered is ‘OBPP Association’, a source said.

“I hereby certify that ‘OBPP ASSOCIATION’ is incorporated on this TWENTY FIRST day of NOVEMBER TWO THOUSAND TWENTY THREE under the Companies Act, 2013 (18 of 2013) and that the company is Company limited by guarantee,” the document accessed by Moneycontrol of Ministry of Corporate Affairs showed.

Earlier on November 2, Moneycontrol reported that the online bond platform providers (OBPP) association has submitted its application for incorporation to the Registrar of Companies (RoC), which falls under the Ministry of Corporate Affairs.

“We have submitted our application to the registrar, and it is likely to get completed in the next 15-20 days,” a source had said on condition of anonymity.

In June, 2023, Moneycontrol reported, citing sources, that a clutch of online bond platforms in India will likely form an industry association.