is a leading figure in the Indian financial and corporate sector.
An officer of the prestigious Indian Administrative Services since 1971, he has held several important positions in both, the Central Government of India in New Delhi as well as the State Government of the North Eastern state of Tripura.
many contributions to India's financial sector can be traced through his
astute stewardship of some of the largest financial institutions in India viz. Unit Trust of India
(now split into the UTI Mutual Fund and the specified undertaking of the Unit Trust of India) and Industrial Development Bank of India
was responsible for guiding these institutions through their difficult period and their transformation back to good financial health.
His final role before retiring from Government Service in 2008 was as Chairman of Securities and Exchange Board of India (SEBI), regulator of India's capital and financial markets.
However, he continues to serve on committees on issues ranging from financial markets, the economy, corporate governance and customer services.
In the private sector, Mr. Damodaran serves as a mentor and advisor to several companies.
Besides being the Chief Representative in India for the ING Group of Netherlands
is an independent director on the Boards of Hero Honda
, Tech Mahindra, Sobha Developers, Mahindra Satyam and a few other companies.
He is also a member of the Advisory Boards of Experian Credit Information Company of India, Bessemer Venture Partners, Alvarez & Marsal, 3i Infrastructure and a few others.
He is also the first Chairman of Indian Institute of Management, Tiruchirappalli.