SBICAP Securities named Ayaskant Mohapatra as chief technology officer on October 22, 2026, to help accelerate its digital transformation. The SBI Securities CTO appointment puts an executive with 25 years of enterprise technology experience in charge of priorities including scalable systems, stronger cybersecurity and improved customer-facing platforms.
Key Takeaways
- Mohapatra brings experience from senior technology roles across banking and broking.
- His mandate spans technology infrastructure, cybersecurity and customer-facing digital services.
- The appointment sets leadership priorities rather than marking a completed technology overhaul.
Table of Contents
- SBI Securities CTO mandate spans systems and customer experience
- Banking and broking experience meets a broad retail platform
- Conclusion
SBI Securities CTO mandate spans systems and customer experience
Mohapatra is expected to lead efforts to build scalable systems and strengthen the brokerage’s technology infrastructure. His responsibilities combine internal operating capabilities with the digital platforms customers use.
Baldev Prakash, managing director and chief executive of SBICAP Securities, said Mohapatra’s enterprise technology experience and financial-services knowledge would support the firm as it strengthens its technology backbone and prepares for its next growth phase.
Mohapatra said he aims to use emerging technologies to improve operational efficiency and customer experience. Those comments describe his intended direction; they do not establish that new systems or platform upgrades have already been delivered.
| Item | Details |
|---|---|
| Corporate ownership | SBICAP Securities is a subsidiary of SBI Capital Markets, which is wholly owned by State Bank of India. |
| Investment product scope | Equities, derivatives, mutual funds, insurance products and corporate fixed deposits. |
| Additional group role | SBICAP Securities also sources home-loan and auto-loan business for State Bank of India. |
Banking and broking experience meets a broad retail platform
Mohapatra previously held senior positions at BOBCARD, YES Securities, Axis Securities and HSBC InvestDirect. That career spans both banking and brokerage technology, matching the range of infrastructure and customer-service responsibilities outlined for his new role.
State Bank of India’s description of its retail broking subsidiary identifies SBICAP Securities as wholly owned by SBI Capital Markets and as the SBI Group’s retail broking arm. Its services reach customers through a mobile app, website and dealer terminals.
That mix of channels gives the technology remit a practical customer dimension: the planned work concerns not only the firm’s internal systems but also how investors access its products and services.
Conclusion
The appointment establishes technology leadership for SBICAP Securities’ planned digital work. The next point to watch is how Mohapatra translates the stated systems, security and customer-experience priorities into specific upgrades; no implementation timetable accompanied the appointment.
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