- December 12, 2021
- Posted by: Robert Brown
- Category: Investing
‘All competition inspires me’
Chitra Ramakrishnan (born 1963) is the former Managing Director (MD) and Chief Executive Officer (CEO) of India’s largest stock market, the National stock exchange (NSE). She was the first woman to head the NSE and the second woman to head a top bourse in India. Hailing from a family of accountants Chitra’s father was a Chartered Accountant, grandfather a Cost Accountant, and she is a Chartered accountant too by profession. She was part of a team that enrolled the legislative framework for the securities market regulator Securities and Exchange Board of India (SEBI) in 1987. She was part of the primary leadership team selected by the Indian government to set up NSE in 1994. She is one of the architects of NSE, an institution founded in the early 1990’s to reform the capital market in India and today it is ranked as the world’s largest exchange in cash market trades and as one of the top three exchanges in Index and stock derivate, it is also 7th largest in the world, with a total listed market capitalization of some $1 trillion. At NSE during her tenure she handled various operational and strategic aspects for several years during her role as deputy and Joint Managing Director. She was among the members who formulated a fully automated screen-based trading system under her leadership. Before joining NSE, she worked at the State-run Industrial development Bank of India, (IDBI) in the project finance division. Besides work she is interested in Carnatic music and likes to play musical instrument- veena.
Twice she was named among the ’25 Best Business Women of India’ by Business Today, she was awarded the ‘Outstanding Woman Business Leader Award’ during the CNBC-18 India Business Leader Awards (IBLA). In November 2016, she was named the new Chairperson of the World federation of Exchanges at the annual meeting in Cartagena, Colombia. She was also recipient of Forbes Women Leader of the year, 2013: For striking a delicate balance between the exchanges commercial and regulatory role and keeping National Stock Exchange (NSE) ahead of the pack with a high degree of professionalism, new products and cutting edge technology. She was included in Fortune’s list of the 50 most powerful women in business in 2013. She is the only third woman to head an Exchange in Asia-Pacific region.
Life lesson– Strong Woman like her doesn’t fear the ‘Male-dominated’ stock market. Where most of the woman’s fear investing in stock market she was always comfortable with accepting challenges, in fact living like ”The Wolf of Wall Street’