Madhabi Puri Buch

Madhabi Puri Buch is the chairperson of the securities regulatory body Securities and Exchange Board of India (SEBI). She is the first ever woman chairperson to lead SEBI. Since April 2017, she has been functioning closely as a whole time member of SEBI with the former chairman Ajay Tyagi. Incidentally she is also the first person from the private sector to be appointed to this position and also a non IAS since 2002 to be given this responsibility.

Education and Career

Corporate career

In her early years Buch studied at Mumbai and Delhi. She graduated with a specialization in Mathematics from Stephens college in New Delhi and later went on to study management at IIM Ahmedabad. Her career started in 1989 with ICICI bank. Between 1993 and 1995, Buch worked as lecturer at West Cheshire College in England. She worked in various profiles across companies for 12 years including sales and marketing and product development. She also led operations function. In 2006 she joined ICICI securities and later went on to become the Managing Director and CEO from February 2009 to May 2011. After this Buch moved to Singapore to join Greater Pacific Capital in 2011. Between 2011 and 2017 she worked in various capacities as executive director of many companies like Zansar Technologies, Innoven Capital, and Max Healthcare. Buch also served as an independent director of the Indian School of Development Management (ISDM) and as consultant for New Development Bank (BRICS bank).

Career at SEBI

In April 2017, Buch was appointed as a whole time director at SEBI and given charge of portfolios like collective investment schemes, surveillance and investment management. After her tenure ended she was appointed to a seven-member technology committee formed to help Sebi design in-house technological systems. Known for her technology and data agnostic attitude, Buch has passed few landmark regulatory orders. In 2018, she passed an order against Sahara Group to return 14000 crores raised from investors through fully convertible debentures in violation of SEBI order asking them to furnish the details of repayment to investors in compliance of its previous orders. In January 2021, Buch conducted a detailed investigation into insider trading by CNBC Awaaz journalist and barred him, his mother and wife from accessing the stock markets.[1][2] In May 2021, she passed an order against Savla and Ajitkumar for sharing unpublished price sensitive information of Deep Industries stock on the basis of their connection and interaction on social media platform.[3] In August 2021, she identified 15 entities trading in unfair practices in the Zee Entertainment Enterprises stock post its results announcements.[4]

On 1 March 2022, Buch was appointed as the SEBI chairperson for a period of 3 years. Joining SEBI at a challenging time, Buch was questioned by the parliamentary committee in reference to the NSE scam.[5]

Personal life

Buch was born as Madhabi Puri on 12 January 1966 to Kamal Puri and his wife. Her father worked for the corporate sector while her mother was an academic with doctorate in political science.[6] At the age of eighteen she got engaged to Dhawal Buch who was a director at FMCG multinational, Unilever. They got married when she was turned 21 and subsequently gave birth to her son, Abhay. Buch says she owes much of her success to her son and her husband who has been her friend, philosopher and guide.[7]

Buch was one of the lucky people who survived the 26/11 Mumbai terrorist attacks. She was attending a meeting at Taj with her husband on that unfortunate day. Dhawal was attending a Unilever meeting at that time.[8][9][10][11][12][13][14][15]

  1. "SEBI Confirms Ban Order against CNBC Awaaz Ex-Co-host Hemant Ghai, His Wife and Mother". Moneylife NEWS & VIEWS. Retrieved 2022-04-28.
  2. "SEBI debars host of CNBC Awaaz show". Sify. Retrieved 2022-04-28.
  3. Zachariah, Reena. "Sebi order kicks off storm; social media links can't prove insider trading". The Economic Times. Retrieved 2022-04-28.
  4. "3 most striking orders issued by new SEBI chief Madhabi Buch". Moneycontrol. Retrieved 2022-04-28.
  5. "SEBI chairperson Madhabi Puri Buch likely to be questioned on NSE scam by parliamentary panel". The New Indian Express. Retrieved 2022-04-28.
  6. "'I always wanted to be able to make a difference'". specials.rediff.com. Retrieved 2022-04-28.
  7. "Madhavi Puri Buch: Sebi's new boss knows how to go off the beaten path". Bulls Trade. 2022-02-28. Retrieved 2022-04-28.
  8. "Madhavi Puri Buch: Sebi's new boss knows how to go off the beaten path". Financialexpress. Retrieved 2022-04-28.
  9. "The new chairperson of market regulator SEBI: Madhabi Puri Buch, biography, Family, Education, Career and Contact". jagrantv. Retrieved 2022-04-28.
  10. "WHO IS MADHABI PURI BUCH?". Business Standard India. Retrieved 2022-04-28.
  11. Gawande, Jayshree P. Upadhyay,Priyanka (2022-02-28). "Know the Sebi chairperson, Madhabi Puri Buch". mint. Retrieved 2022-04-28.
  12. "Who is Madhabi Puri Buch, the first woman to head market regulator Sebi?". cnbctv18.com. 2022-02-28. Retrieved 2022-04-28.
  13. "Who is Madhabi Puri Buch, the first female head of SEBI?". Business Today. Retrieved 2022-04-28.
  14. "All you want to know about Madhabi Puri Buch, the first-ever woman to head SEBI". GQ India. 2022-02-28. Retrieved 2022-04-28.
  15. Mishra, Lalatendu (2022-03-06). "Madhavi Puri Buch". The Hindu. ISSN 0971-751X. Retrieved 2022-04-28.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.