Ajoy Modi
Chartered Accountant | Cost Accountant | NISM-certified Research Analyst
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About
Chartered Accountant with 25+ years of global experience in equity, commodity, currency and investment strategies, including 10 years as Head of Technical Research at IndiaNivesh and 11 years in fund accounting at the Abu Dhabi Investment Authority. Expertise in technical research and in building algo-ready, risk-controlled trading strategies, from backtest to live API execution. Also experienced in fund accounting, process engineering, MIS reporting and advisory for HNI clients.
Experience
Compliance Department - Jainam Broking Ltd - Surat
(2026 - 2026-11)
Worked in the compliance team of a SEBI-registered stock broker, gaining working knowledge of SEBI and exchange rules.
Advisory & Proprietary Trading - Independent
(2020-01)
- Designed and backtested a rule-based intraday trading strategy (colour-changing moving-average system) for MCX commodities and NSE equities.
- Built in risk controls: per-trade stop-loss, daily loss limit, volatility filter, slippage assumptions and drawdown/losing-streak analysis.
- Automated live execution from TradingView signals to a broker API (Angel One SmartAPI), making the strategy algo-ready for client deployment.
- Earlier developed strategies using Supertrend, RSI and HMA indicators for buy/sell/exit signals.
- Provided market advisory to HNI clients during and after the pandemic market volatility.
Head – Technical Research & Reporting - IndiaNivesh Shares & Securities Pvt. Ltd. - Mumbai
(2009-04 - 2019-12)
- Led technical research, producing actionable insights for equity, commodity and derivatives markets.
- Developed research methodologies and client-focused MIS reporting; led client and investor meets.
Data & Fund Accounting Manager - Abu Dhabi Investment Authority (ADIA) - UAE
(1996-12 - 2008-03)
- Restructured the valuation and validation process for multi-currency global portfolios.
- Ensured accuracy, compliance and efficiency in fund accounting for one of the world's largest sovereign wealth funds.
Manager – Finance & Accounts - Orind Refractories Ltd. - China
(1995-07 - 1996-06)
- Set up the complete accounts department for the China operations.
- Negotiated currency-exchange gains, saving USD 175,000 on capital machinery procurement.
Education
Chartered Accountant (CA) - ICAI, India (1995)
Cost Accountant - ICMAI (1994)
B.Com (Hons.) - St. Xavier's College, Calcutta (1989)
