MFC Technologies (MF Central), the joint venture between CAMS and KFintech, has announced a major leadership transition as it evolves into a professionally governed, stand-alone entity. Supratim Bandyopadhyay is appointed as the Non-Executive Chairman, bringing extensive experience from PFRDA. Rajesh Krishnamoorthy takes over as the Chief Executive Officer, previously leading financial planning standards in the US. These appointments aim to strengthen governance and scale the digital infrastructure for the mutual fund ecosystem.
Key Leadership Appointments Announced
MFC Technologies Private Limited (“MFC Technologies”), the joint venture between Computer Age Management Services Limited (CAMS) and KFin Technologies Limited (KFintech), announced significant leadership changes on 25th February 2026. These changes mark MF Central’s transition into a professionally governed, stand-alone entity dedicated to serving India’s mutual fund ecosystem. The key appointments are Mr. Supratim Bandyopadhyay as Non-Executive Chairman and Mr. Rajesh Krishnamoorthy as Chief Executive Officer.
New Governance Structure Focus
This transition is positioned as a critical step toward strengthening independent governance, reinforcing MF Central’s role as a neutral, interoperable industry utility. MFC Technologies was originally established in 2021 following a directive to simplify investor servicing and standardize mutual fund processes across the industry.
Profiles of New Leadership
Mr. Rajesh Krishnamoorthy (CEO) brings over three decades of experience in capital markets and digital distribution. He previously served as Country Head – India for the Financial Planning Standards Board (US) and was the founding Managing Director of the iFAST platform in India. His focus will be on strengthening execution, scaling API-led integrations, and expanding standardized servicing for all ecosystem participants.
Mr. Supratim Bandyopadhyay (Non-Executive Chairman) is a seasoned financial services leader who previously served as Chairman of the Pension Fund Regulatory and Development Authority (PFRDA). He also holds over three decades of experience at the Life Insurance Corporation of India, specializing in investments and pension fund management.
Executive Outlook
Anuj Kumar, Managing Director of CAMS, stated that the new independent leadership ensures MF Central can play a central integrative role while maintaining the neutrality and transparency required for a unified platform.
Mr. Bandyopadhyay added that the mandate is to ensure MF Central serves as a resilient, secure digital rail for the industry, upholding the highest standards of corporate governance while enhancing investor convenience through standardization.
Mr. Krishnamoorthy emphasized that the next objective is to build a robust, API-first infrastructure supporting the full spectrum of financial transactions, focusing on reliability, security, and ecosystem integration.
About CAMS Limited
CAMS is India’s largest registrar and transfer agent for mutual funds, holding an aggregate market share of approximately ~68% based on mutual fund average assets under management (“AAuM”). CAMS also provides services to alternative investment funds and portfolio managers, servicing over 520 mandates of 240 funds.
About KFin Technologies Limited
KFintech is a leading technology-driven financial services platform servicing the capital markets ecosystem across 18 jurisdictions. In India, KFintech is the largest investor solutions provider to Indian mutual funds based on the number of AMCs serviced as of December 31, 2025, and is one of the three operating central record keeping agencies for the National Pension System in India.
Source: BSE
