Madhabi Puri Buch: A Trailblazer in Finance
Meet Madhabi Puri Buch: A Trailblazer in Finance
When we talk about influential women in the world of finance, Madhabi Puri Buch’s name stands out.
Imagine someone who has spent more than 30 years working in one of the most important sectors, earning respect and achieving great things along the way.
That’s Madhabi Puri Buch for you!
Early Life and Education
Born in 1966, Madhabi Puri Buch strongly focused on education from the start. She attended Fort Convent School in Mumbai before moving to the Convent of Jesus and Mary in Delhi. Her ambition didn’t stop there. She went on to study Mathematics at St. Stephen’s College in Delhi.
She later earned an MBA from the Indian Institute of Management, Ahmedabad (IIM-A), one of India’s top business schools.
Education | Educational Institution(s) |
---|---|
School | Fort Convent School, Mumbai; Convent of Jesus and Mary, Delhi |
Undergraduate | Mathematics, St. Stephen’s College, Delhi |
Postgraduate | MBA, Indian Institute of Management, Ahmedabad |
Madhabi Puri Buch Family
Madhabi Puri Buch tied the knot with Dhawal Buch at the young age of 21.
Here’s a bit about Dhawal:
- Successful Career: Dhawal Buch has worked in top advisory roles at Blackstone and Alvarez & Marsal companies.
- Board Role: He is a non-executive director on the Board of Gildan.
Together, Madhabi and Dhawal have a son named Abhay. The whole family has always stood by Madhabi, supporting her every step of her journey.
Family Member | Information |
---|---|
Husband | Dhawal Buch |
Son | Abhay Buch |
Early Career
Let’s take a walk through Madhabi Puri Buch’s inspiring career:
- Kickstart in 1989: Madhabi began her career at ICICI Bank, where she learned the ropes in sales, marketing, and product development.
- Teaching Stint (1993-1995): She shared her knowledge as a West Cheshire College, England lecturer.
- Climbing the Corporate Ladder: She worked with various companies over the next 12 years, steadily building an impressive resume.
In 2006, Madhabi Puri Buch returned to ICICI, this time as a part of ICICI Securities:
- Rising to the Top: She quickly advanced, and by February 2009, she had become the CEO of ICICI Securities.
- Leadership Role: She led ICICI Securities until May 2011, demonstrating exceptional leadership skills.
Madhabi Puri Buch’s career is a testament to her dedication and hard work, making her a role model for many.
Timeline | Role and Institution |
---|---|
1989-1992 | ICICI Bank; roles in sales, marketing, and product development |
1993-1995 | Lecturer at West Cheshire College, England |
2006-2011 | CEO of ICICI Securities |
- | Consultant at the New Development Bank in Shanghai |
- | Head of the Singapore office for the Private Equity Firm, Greater Pacific Capital |
Shaping the Future at SEBI
Madhabi Puri Buch’s career took a significant turn in April 2017 when she was appointed a full-time member of the Securities and Exchange Board of India (SEBI). She managed collective investment schemes, surveillance, and investment management in this position.
Her innovative use of technology led to some important regulatory decisions. In 2022, she made history by becoming the first woman appointed SEBI’s chairperson.
SEBI Role | Details |
---|---|
Full-time member | April 2017; handled collective investment schemes, surveillance, and investment management |
Chairperson | Appointed in 2022; first woman to hold the position |
Proud Moments
One of her most noteworthy achievements at SEBI was her order against the Sahara Group, requiring them to return Rs. 14,000 crore raised from investors. She has also taken significant action to prevent insider trading and protect the integrity of India’s stock markets.
Achievement | Details |
---|---|
Order against Sahara Group | Required repayment of Rs. 14,000 crore to investors |
Insider Trading | Implemented measures to protect market integrity |
Salary and Net Worth
While her salary as the head of SEBI is not publicly disclosed, reports suggest she earns around Rs. 3 lakh per month, amounting to over Rs. 36 lakh annually. Her net worth was estimated to be between Rs 4-5 crores in early 2023, and it’s likely to have increased since then.
Category | Details |
---|---|
Estimated Annual Salary | Over Rs 36 lakhs |
Estimated Net Worth (2023) | Rs 4-5 crores |
Controversies/ Challenges
Despite her many successes, Madhabi has also faced significant challenges. Recently, she was mentioned in an allegation by Hindenburg Research, which accused Madhabi Puri Buch and her husband of having ties to offshore entities investing in India. Both the couple and SEBI have denied these allegations and clarified their position.
Additionally, the Congress party accused her of taking payments from ICICI while serving as SEBI Chief, leading to further investigations.
Controversies | Details |
---|---|
Hindenburg Research Allegation | Accused of ties to offshore entities investing in India; denied the allegations |
Congress Accusation | Alleged payments from ICICI while serving as SEBI Chief; ongoing investigations |
Conclusion
Madhabi Puri Buch is an inspiration for many. Her journey from a strong educational background to becoming the first woman chairperson of SEBI highlights her exceptional skills and determination. Despite facing various challenges, she continues to be a prominent figure in the world of finance.
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FAQs
Who is Madhabi Puri Buch?
Madhabi Puri Buch is a renowned Indian finance professional and the first woman to become the chairperson of the Securities and Exchange Board of India (SEBI). She has had a distinguished career in finance, including significant roles at ICICI Bank.
What contribution has Madhabi Puri Buch made to SEBI?
As the chairperson of SEBI, Madhabi Puri Buch has been instrumental in implementing stringent regulatory policies and reforms to enhance the transparency and efficiency of the Indian financial markets.
How did Madhabi Puri Buch start her career in finance?
Madhabi Puri Buch started her career in finance at ICICI Bank, where she held various positions that paved the way for her rise in the finance industry. She later served as the Managing Director and Chief Executive Officer of ICICI Securities.