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Bajpai, G. N.

G. N. Bajpai Former Chairman, Securities and Exchange Board of India (SEBI)

Ghyanendra Nath Bajpai, a distinguished leader in Indian busi­ness was the chairman of the Securities and Exchange Board of India (SEBI). Earlier, he was the chairman of the Life Insurance Corporation of India (LIC). Mr Bajpai is known for his visionary leadership. He has served/serves as a non-executive chairman and a director on corporate boards in India and other countries, received awards for contribution to business and authored several books. He has been the chairman of the Corporate Governance Task Force of International Organization of Securities Commissions and the chairperson of the Insurance Institute of India (III).

As the chairman of SEBI, Mr Bajpai oversaw the orderly func­tioning of India’s securities markets. With a vision to make India a global benchmark, he initiated numerous reforms and innova­tions in India’s securities markets. The Indian securities market now ranks as one of the most advanced in emerging markets and may well surpass developed markets in certain respects.

As chairman, Mr Bajpai transformed LIC to meet the challenges of deregulation and competition from global insurance companies. Under his leadership, LIC became a financial powerhouse with the largest asset base in the Indian subcontinent.

Mr Bajpai has been a member of the board of directors at General Insurance Corporation of India, ICICI Bank, Unit Trust of India, UTI Bank now Axis Bank, Tata Chemicals, Jindal Steel, Thane Electric Supply Co., National Housing Bank, Discount and Finance House, Indian Railway Finance Corporation, India International Insurance Ltd, Singapore and Ken-India Ltd, Nairobi (Africa).

He was also the non-executive chairman of National Stock Exchange, Stock Holding Corporation of India, LIC Housing Finance Ltd and LIC International EC Bahrain and LIC Nepal Ltd.

Currently, Mr Bajpai is a consultant on Corporate Governance and also a non-executive chairman and non-executive director of several corporates in India. He heads Intuit Consulting Pvt Ltd, a boutique consulting outfit engaged in providing high-quality value-added advice and service in building excellence in Corporate Governance. Several large corporates have benefited out of his sagacious advice. Improving the effectiveness of the board is a greatly admired advice of Mr Bajpai.

Mr Bajpai is on the board of advisors of Indian Army Group Insurance Fund and a member of Governing Board of National Insurance Academy. He was the chairman of Indian’s National Pension Trust Board. Earlier, he has served on the Governing Board of Indian Institute of Management, Lucknow.

He has been a visiting faculty at leading institutes of manage­ment and training. He was the visiting Professor of Middlesex University, London. He is being regularly invited to speak at seminars in India and abroad. He has delivered lectures at London School of Economics (LSE), Harvard University and so on and also addressed OECD and IMF seminars. He has written three popular books: The Securities Market, Marketing of Insurances and How to Become a Super Successful Salesman.

He received a number of awards, notable among them being the ‘Outstanding Contribution to the Development of Finance’ award from the prime minister of India and ‘W. G. Chirmule Puraskar, 2014for commendable contribution in the fields of insurance and regulation of stock market.

Mr Bajpai holds a master’s degree in commerce from the University of Agra and a degree in law (LLB) from the University of Indore. He is an avid golfer.