Shariq Jafrani

CFO & Company Secretary and Head of Legal

Another major strength of CDC is the effectiveness of its Finance and Product Development functions. Despite facing challenges from the volatility of market ups and downs over the years, CDC has continued to remain financially sustainable. The main reason behind this success is “CDC’s sound financial management with effective control on expenses and better utilization of idle funds. CDC effectively managed to sustain its bottom line despite passing subsidies to Market Participants. Since inception, CDC’s transaction fee has been reduced by almost 95%. In the recent past, CDC has passed on around Rs. 500 million benefit to market participants.”