is one such person.
If you see his
profile, you will be astonished about what he
has minted money for other people wherever he
went.. and he
does it with a chubby charm we should say.
He is currently the chief of SEBI (stock exchanges and regulatory board of india), and you already know how much atonishing a rise indian stock markets have seen in the past couple of years.
We don't want to think it is all because of this man, obviously all companies and india itself is growing up in attitude and economy.
But, without a proper regulator, or proper policing what happens to enormous growth is everybody's easy guess.
streamlines the markets with its policies and regulations correcting them often.. in the interest of sustaining the growth in the markets, in turn in the industries, in turn pushing it further into what makes the number the country earns.
was a celebrated cheif of IDBI.. actually an industrial development bank..
standing for Industrial development bank of india
, the bank only handled industrial customers, and was considerably sick or not-interesting business when Damodaran
brought in more money to fund the bank's growth by doing many things, of which one was the bringing of the bank to retail customers by opening up its products.
That is how, an industrial development bank oddly serves retail customers even today.
Before IDBI, he was UTI chief.. unit trust of india, the mutual fund compay or asset management company, however you call it, is still one of the biggest mutual fund players in the country.
And if you didn't realize yet, all these are government companies.. though they actually have grown so big and make much more money than many well-organized and funded private organizations.
is an IAS officer..
Indian administrative service.. and actually not a full-blown financial expert until his
first few jobs put him on task to restructure a few sick public sector banks.
He has later worked with the Reserve bank of india, and even with the Ministry of Finance of India for five years.
Thanks to his
is very popularly considered the turnaround-er man for indian government's financial priorities.
I remember there were some consideration to appoint him as the finance minister or at a higher level in the finance mnistry when Dr.Manmohan sign's government was formed.. and it ended up like P.chidambaram takes care of finance but will require a manager, strong and extra-ordinaire for managing the big bull SEBI
which is a government controlled body...and the obvious fit was Damodaran
obviously is the top priority financial body, which the government should control well, to reap financial benefits not only for the people but for government to run economically stronger too.
's success with pulling the stock markets higher and sustaining it higher will directly reflect on indian economy. .All these calculations worked true and people are reaping benefits everywhere.
Ok. all that is fine.. but why did I suddenly jump on Damodaran
NDTV profit, the financial new channel showed a live video conference of Mr.Damodaran and his SEBI
collegues answer questions of Foreign investors regarding some recent policy announcements by SEBI
was answering all questions like a breeze, with no big-shot-iness, and no air of doubts.