Board of Directors
Guided by Experience & Integrity
Our Board of Directors brings together decades of expertise in capital markets, finance, and industry — steering Ratnakar Securities with vision and responsibility.
Executive Directors
Ajay Jayantilal Shah
Chairman and Managing Director
Mr. Ajay Jayantilal Shah, born in 1951, holds a BSc from Gujarat University and brings over 30 years of combined experience in stock broking and banking. He founded Ratnakar Securities in 1994, securing memberships with NSE and BSE, and establishing it as an NSDL Depository Participant. His leadership extended to serving as President of the Ahmedabad Stock Exchange, demonstrating his significant influence in India's securities market.
Mr. Kushal Ajay Shah
Whole Time Director
Mr. Kushal Ajay Shah, born in 1988, holds a Business Management degree from Christ College and a PGDM in Financial Markets from Gujarat University. With 15 years of experience, he has expertise in Investment Banking, Broking Operations, and Compliance at Ratnakar Securities, while also serving on the BSE Brokers Forum Board for six years. He has been instrumental in modernizing the firm's technology infrastructure to enhance client experience.
Independent Directors
Harsh Vinodbhai Mittal
Non-Executive Independent Director
Mr. Harsh Vinod Mittal is an Independent Director at Ratnakar Securities Limited, holding a Bachelor of Commerce and dual management degrees from the Entrepreneurship Development Institute of India. Over the past 12 years, he has managed the Vinod Group and transformed Vinod Cotfab Private Limited from a weaving unit into a diversified textile enterprise, demonstrating expertise in entrepreneurship and business expansion.
Pratapbhai Teli Mukundbhai
Non-Executive Independent Director
Mr. Pratap Teli serves as an Independent Director at Ratnakar Securities Limited and holds leadership positions at Pharmatech Process Equipments. With degrees in mechanical engineering and metallurgy, he brings 42 years of manufacturing expertise, specializing in production of pharmaceutical equipment and market development.
Krina Sujal Desai
Non-Executive Independent Director
Mrs. Krina Desai serves as an Independent Director at Ratnakar Securities Limited and is the owner of Devus Chocolates. With over 20 years of experience as a chocolatier, she has built a successful business serving prestigious clients including airlines and luxury brands, demonstrating strong entrepreneurial and strategic management skills.