M. Damodaran
 | This article includes a list of references, related reading, or external links, but its sources remain unclear because it lacks inline citations. (April 2024) |
Meleveetil Damodaran | |
|---|---|
| Chairman of the Securities and Exchange Board of India | |
| In office 2005–2008 | |
| Preceded by | G.N.Bajpai |
| Succeeded by | Chandrasekhar Bhaskar Bhave |
| Personal details | |
| Born | Palakkad, Kerala, India |
| Alma mater | University of Madras Delhi University |
| Occupation | Director on Boards, Management Advisor, Coach and Mentor |
| Known for | Founder Excellence Enablers Private Limited |
Meleveetil Damodaran is an Indian Executive and former Indian Administrative Service officer of Tripura cadre. He has served as the Chairman of Securities and Exchange Board of India. And is currently serving as director on the boards of Biocon and InterGlobe Aviation (IndiGo). He was previously on the boards of Larsen & Toubro, Hero MotoCorp, Tech Mahindra and CRISIL.
He is the founder Chairperson of Excellence Enablers Private Limited, a niche Corporate Governance advisory firm and the Founder and Managing Trustee of Non Executive Directors in Conversation Trust (NEDICT).
Early life
[edit] | This section of a biography of a living person does not include any references or sources. (October 2019) |
Meleveetil Damodaran was born in Palakkad district, Kerala, India in May, 1947. He attended Campion High School, Tiruchirapalli, and after completing his pre-university in Loyola College, Chennai, he spent a little over 2 years at Indian Institute of Technology Madras. He graduated in Economics and Law from the University of Madras and Delhi University respectively.
Career
[edit]After 6 months each as a Probationary Officer in Indian Bank and State Bank of India, he joined the IAS - 1971 batch - in the Indian state of Tripura, where he served in different developmental and regulatory positions. He was appointed Tripura's Chief Secretary in 1992.
In 2001, he was appointed the Chairman of UTI to rescue India's largest and oldest investment institution, which had collapsed. He was simultaneously given charge of IDBI, another of India's major financial institutions.
As Chairman of SEBI, he brought corporate governance practices to India's securities market. While at SEBI, he was elected Chairman of the Emerging Markets Committee of the International Organization of Securities Commissions (IOSCO), a position he held till he demitted office as Chairman, SEBI.
He chaired the Government of India constituted Committee for recommendations to scale up PE/VC investments in India and to streamline regulations thereto. He also chaired the Government of India constituted Taskforce for setting up Resolution Corporation of India. He was the Chairman of Ministry of Corporate Affairs Committee for Reforming the Regulatory Environment for doing Business in India and Chairman of Reserve Bank of India’s Committee on Customer Service in Banks. He was the founder Chairman of the Society and Board of Governors of the Indian Institute of Management Tiruchirappalli (IIMT).
He chaired the Taskforce on Corporate Governance constituted by the Federation of Indian Chambers of Commerce and Industry (FICCI).
He was appointed Chairman of IndiGo (InterGlobe Aviation) on 24 January 2019.[6] and stepped down on 3 May 2022. He was appointed as a Non-Executive Director on the Board on 16 July 2022.
References
[edit]Excellence Enablers Biocon Indigo Larsen & Toubro Market Screener