Photo of the Day – II

Chandrashekhar B. Bhave

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Chandrashekhar B. Bhave is the Chairperson of the Indian Institute for Human Settlements (IIHS) – India’s first prospective National University for Research and Innovation to address challenges of urbanisation through an integrated programme of education, research, consulting and advisory services.

Chandrashekhar was the Chairman of the Securities and Exchange Board of India (SEBI), India’s capital markets regulator from 2008 to 2011. He was also the chairperson of the Asia-Pacific regional committee and a member of the Technical and the Executive Committees of the IOSCO, over this period.

Chandrashekhar started his career in the Indian Administrative Service (IAS) in 1975. He was the Collector in Nanded and worked in the Finance and Industries departments of the Government of Maharashtra and the Petroleum Ministry of the Government of India. He then worked in SEBI as a Senior Executive Director from 1992–1996, helping create the regulatory infrastructure for Indian capital markets.

Chandrashekhar then quit the IAS to set up the National Securities Depository (NSDL) in 1996 and was its Chairman and Managing Director from 1996 to 2008. NSDL was the first depository in India and became operational in 1996 – the settlements in Indian stock exchanges are in paperless form today. The NSDL was entrusted with setting up the Government of India’s Tax Information System and the Central Record Keeping System for the new Pension scheme.

Text source: http://iihs.co.in/about/board-founding-members/chandrasekhar-b-bhave/

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