Chitra Ramkrishna is the first woman managing director and chief executive officer of the National Stock Exchange (NSE), an institution founded in the early 1990s to reform the capital market in India, and now ranking as the world’s largest exchange in cash market trades and as one of the top three exchanges in index and stock derivatives. As the MD and CEO, Ms. Ramkrishna has not only maintained the rich legacy of this great institution, but her tireless endeavour has ensured it has scaled new heights.
Moreover, her professional career includes the following positions:
Joint managing director of National Stock Exchange of India Ltd.
Head of Listing and Deputy managing director of National Stock Exchange of India Ltd.
Member of Derivatives Panel of Securities And Exchange Board Of India.
Director of National Stock Exchange of India Ltd.
Member of Executive Committee at National Securities Depository Ltd. since 9 March 2009.
Starting out as a chartered accountant, her first brush with finance came in 1985 when she joined the project finance division of Industrial Development Bank of India (IDBI). Ramkrishna then had a stint at Securities and Exchange Board of India (SEBI) and returned to IDBI two years later. It was here that she honed her financial skills, working at the treasury and fixed income departments before coming into her own while marketing the trendsetting deep discount bonds.
Her talent was such that the late RH Patil, executive director of IDBI at the time, complimented the young Ramkrishna for her extraordinary work and her role in making the bond issue a success. “In a public sector organisation, a senior manager rarely had a conversation with his junior. What Dr Patil did was completely unheard of. I was inspired and motivated to push myself further. Dr Patil was a visionary and a thinker and never seeded any doubts in our minds,” Ramkrishna says of the man who is widely credited with creating NSE.
Not surprising, she soon found herself as one of the five handpicked by the late SS Nadkarni, who was then IDBI chairman, to set up NSE from scratch.
Career with NSE The association of Ms. Ramkrishna with the NSE dates back to the formative years when deliberations were on to create a modern stock exchange with a national presence. She was part of a hand-picked leadership team created to set up the NSE to provide a fully automated, screen-based trading system. Strong leadership qualities, a deep understanding of the market and a zeal for change enabled her to create an institution that has remained a watershed and a source of pride for the country in the international arena.
Ms. Ramkrishna has been associated with matters pertaining to market regulation and policy making even before the NSE was set up: an association that helped her take up the new responsibility with confidence. In the late 1980s, Ms. Ramkrishna was closely involved in the drafting of the legislative framework of the Securities and Exchange Board of India (SEBI), the country’s capital market regulator. Even today, she continues to be a part of several SEBI committees on different policy issues such as the Secondary Market Advisory Committee and the Committee on Disclosures and Accounting Standards.
Over the years, captains of the financial and the corporate sector in India has increasingly recognised Ramkrishna as an institution builder and a thought leader. She is actively engaged in many important industry-body committees such as the CII’s National Council on Financial Sector Development, FICCI’s National Executive Committee and Capital Markets Committee, which provides her the opportunity to share her experience and knowledge and to closely interact with members from the industry. title