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Nayak has completed his post graduation in management studies (finance) from Symbiosis Institute, Pune and has a bachelor’s degree in engineering from Sardar Patel College of Engineering, Mumbai.
Prior to joining MCX, Nayak was working with Indian Energy Exchange as vice president engineering. Previously, he was associated with Edgeverve Systems as senior product line manager. He has also worked with organisations like Crossover, Samsung Electronics, Patni Computer Services, etc.
MCX is India's first listed, national-level, electronic exchange, and India’s leading commodity derivatives exchange with a market share of about 95.2% in terms of the value of commodity futures contracts traded in financial year 2023-24. MCX offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem.
MCX reported consolidated net loss of Rs 19.07 crore in Q2 FY24 as compared with net profit of Rs 63.28 crore posted in Q2 FY23. Revenue from operations stood at Rs 165.11 crore in the September 2023 quarter, registering a growth of 29.6% YoY.
The scrip declined 2.21% to end at Rs 3,124.75 on Friday, 1 December 2023.
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