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Chitra Ramkrishna (born 1963) is an Indian businesswoman and the former CEO of the National Stock Exchange (NSE). In March 2022, she was arrested by the Central Bureau of Investigation (CBI) for her involvement in the co-location scam.
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Chitra Ramkrishna was born in 1963 (age 60 years; as of 2023) in Bombay (now Mumbai). She spent her childhood in Chennai before returning to Mumbai to pursue B.Com. at R.A. Podar College of Commerce and Economics. Chitra is a qualified Chartered Accountant from the Institute of Chartered Accountants of India (ICAI), Delhi, and she holds an F.C.A de...
Parents & Siblings
Her father is a Chartered Accountant.
Husband & Children
Chitra is married.
Positions Held
1. Managing Director and CEO of National Stock Exchange of India Ltd. 1. Joint Managing Director of National Stock Exchange of India Ltd. 1. Head of Listing and Deputy Managing Director of National Stock Exchange of India Ltd. 1. Member of Derivatives Panel of Securities and Exchange Board of India 1. Director of National Stock Exchange of India Ltd. 1. Chairperson of Malaviya National Institute of Technology, Jaipur 1. Promoter Director of Power Exchange India Limited
IDBI
Ms Ramkrishna’s tryst with finance began in 1985 when she landed her first job at the Industrial Development Bank of India (IDBI). She set out as a chartered accountant and joined the Bank’s Project Finance Division. At IDBI, Chitra was selected by the Indian government to become a part of the leadership team that drafted the legislation to set up the markets regulator Securities and Exchange Board of India (SEBI), operational in 1987. Three years later, she returned to IDBI’s treasury desk b...
NSE
Chitra was among the NSE’s founding team and has served the National Stock Exchange of India (NSE) for more than two decades, since its inception in 1992. After almost 20 years of its establishment, NSE welcomed its first female Managing Director and CEO Chitra Ramkrishna, on 1 April 2013. The CA was instrumental in ensuring NSE’s explosive growth by undertaking some key initiatives like setting up a pan-India VSAT network, facilitating trading access to retail investors all across the countr...
Controversial Resignation
Several reports speculated that Chitra Ramkrishna called it quits with the NSE in 2016 due to her differences with NSE’s board of directors, while some others considered the controversial exit in October of Subramanian Anand, NSE’s group operating officer who was hired by her, as the catalyst for Chitra’s resignation. Reports stated that ongoing events in NSE and constant interference by the board members annoyed Chitra that created a rift between them, and prompted her to leave. Some insider...
Found Guilty in NSE Co-Location Case
On 4 July 2018, the former NSE MD Chitra Ramkrishna, along with 14 others, was issued show-cause notices by SEBI. Next year, the regulator directed NSE to pay a fine of Rs. 625 crore with 12 per cent per annum interest in the co-location case and barred the bourse from accessing the capital market in terms of IPO for six months. SEBI, in addition to it, also accused the two former MDs of NSE – Ravi Narain and Chitra Ramkrishna, guilty in the case, for which Ms Ramkrishna was asked to pay 25 p...
Fined For High Compensation
In 2020, SEBI imposed a penalty of Rs. 50 lakh on the National Stock Exchange (NSE) for paying compensation of Rs. 23 crore to Ms. Ramkrishna during her last eight months at NSE, which was in addition to Rs. 44 crore for her three-year tenure. The Exchange was fined after the finance ministry picked up some irregularities and ordered SEBI to probe into the matter. NSE; however, later clarified that it had recovered the remuneration amount paid to the former MD and CEO. Business Standard
Chitra was twice felicitated with ‘Top 10 Women Business Leaders in India’ by Forbes in 2011 and 2013.Chitra Ramkrishna with her award in 2011
According to reports, Chitra’s approximate annual salary was Rs. 44 crores in 2013-2016, when she was serving as the MD and CEO of NSE. Business Line
The business executive is a fan of Carnatic music and loves to play the veena in her spare time.Chitra belongs to a family of accountants, including her grandfather who was a Cost Accountant. When she was asked about her career choice in an interview, Chitra said, Mint So it [CA] looked like...Ms Ramkrishna was one of the five people personally chosen by the then IDBI Chairman, late S.S. Nadkarni. She was one of the members working to set up NSE and to make it a screen-based pan-Indian s...Chitra achieved the feat of becoming the highest-paid executive among salaried women in India in the financial year 2015-2016 when she was serving as the CEO and MD at NSE. Her achievement took her...In November 2016, she became the chairperson of the World Federation of Exchanges at the annual meeting in Cartagena, Colombia.- Manasvi
Chitra Ramkrishna is an Indian chartered accountant and business executive. She is the first female (former) Managing Director and CEO of the National Stock Exchange of India (NSE). She is also the third woman to head an Exchange in the Asia-Pacific region.
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- Year, 1963
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Mar 8, 2022 · Explained: Story behind the 'Himalayan Yogi' and NSE's Ex-CEO Chitra Ramkrishna. CBI arrested Chitra Ramakrishna, former CEO of NSE after a Delhi Court rejected her anticipatory bail plea. She was arrested in Delhi in connection with an ongoing probe in the NSE co-location scandal.
Feb 21, 2022 · Chitra Ramkrishna, a former chairperson of India's largest bourse – the National Stock Exchange – was manipulated by a “Siddha Purusha/Yogi ( an unidentified spiritual guru) and allegedly ...
Feb 21, 2022 · A faceless yogi controlled Chitra Ramkrishna's decisions and the NSE behind the scenes, and no one had a clue. How did this happen?
People also ask
Who is Chitra Ramkrishna?
Who are Ravi Narain & Chitra Ramkrishna?
Why was Chitra Ramakrishna arrested?
Was Ramkrishna a 'Himalayan yogi'?
The Income Tax Department on February 17, 2022, raided premises linked to Chitra Ramakrishna, the former NSE MD and CEO in Mumbai as part of a tax evasion investigation against her and others, official sources said.
