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Speaker Profile Speaker Profile

Guest Speaker Guest Speaker

Mr. M Damodaran
Former Chairman - SEBI &
Chairperson Excellence Enablers
CA Sarika Jain
Meleveetil Damodaran is a governance consultant, advisor, mentor and coach. He was Advisor and Chief Deputy Commissioner of Income Tax
Representative in India for the ING until May 2019. He is the founder and Chairperson of Excellence Enablers Private Government of India
Limited, a corporate governance advisory firm. He served as the Chairman of the Securities and Exchange Board of
India (SEBI), India’s financial markets regulator, from February, 2005 to February, 2008. Prior to this, he served Head
of IDBI, a development finance institution which he converted to a bank. He was also Chairman of Unit Trust of India, Sarika Jain was born to a Marwadi joint family in a small town of Orissa. She was infected with Polio at
then India’s largest mutual fund from July, 2001 to December, 2004. He belongs to the Indian Administrative Service, the age of 2 years and had to battle Coma as a child, but never gave up. She believed that the body
Manipur-Tripura cadre, which is the administrative civil service of the Government of India. Damodaran also served as was suffering with Polio but not the heart. Sarika Jain aspired to be a doctor but due to her financial
Joint Secretary of the Banking Division of the Indian Ministry of Finance for five years. situation and physical challenges was unable to pursue her dream of becoming a doctor. Instead she
He began his career in the Indian state of Tripura, where he served in different developmental and regulatory took up commerce in a small collage in her town and went on to pursue CA after college, which she
positions. He was appointed Tripura’s Chief Secretary in 1992, when he became the youngest person ever in India to topped with flying colours. After CA, Sarika Jain wanted to do more and be in position to help others
hold such a position in a State Government. and so decided to crack the UPSC exam. She completed the examination in 2013 with a rank and
In 2001, Meleveetil Damodaran was appointed the Chairman of Unit Trust of India (UTI) to rescue India’s largest and thereafter joined government service. With this, IRS Sarika Jain became the first CA Lady officer to
oldest investment institution, which had collapsed. He restored UTI to health in arguably the most successful become the Income Tax Deputy Commissioner. Sarika Jain’s mantra is- “work so hard that your
turnaround stories in Indian financial sector history. He was simultaneously given charge of Industrial Development signature becomes your autograph.”
Bank of India (IDBI), another of India’s major financial institutions. Here, he created the unique Stressed Assets
Stabilisation Fund, which helped clean IDBI’s books, facilitating its conversion to a commercial bank and its merger
with another bank.
As Chairman of SEBI, Damodaran brought improved corporate governance practices to India’s securities market. He
was the Chairman of the Taskforce on Corporate Governance constituted by the Federation of Indian Chambers of
Commerce and Industry (FICCI). While at SEBI, he was elected Chairman of the Emerging Markets Committee of the
International Organization of Securities Commissions (IOSCO), a position he held till he demitted office as Chairman,
SEBI. Among his many contributions was the introduction of QIP, an instrument for follow on offerings which until then
was going to other markets. He was succeeded as chairman of SEBI by C.B.Bhave.
He speaks regularly at forums and high-level panels around the world and his areas of expertise include Financial
Management, Securities Markets, Corporate Governance, Public Administration and Leadership. He has been
awarded the Public Service Excellence Award (2009) by All India Management Association, the Economic Times
Award for Change Agent of the Year (2006–07), and Finance Man of the year (2004), among other distinctions.

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