S Ramadorai Elected Chairman of Bombay Stock Exchange
The Bombay Stock Exchange Board of Directors has appointed Mr. S Ramadorai on the board of BSE as an additional director and elected him as the Non-Executive Chairman of the company.
Mr. Ramadorai, recently retired as the CEO & MD of Tata Consultancy Services (TCS), India’s largest Technology services companies. Currently Mr Ramadorai is a Non-executive Vice Chairman of TCS and has been associated with the company for the past thirty seven years. Mr. Ramadorai is also represented on the Board of a number of companies and educational institutes — including Tata Industries, Hindustan Unilever Limited, Piramal Healthcare Limited and MIT Sloan School of Management (EMSAEB). In recognition of Mr. Ramadorai’s commitment and dedication to the IT industry he was awarded the Padma Bhushan in January 2006. In April 2009 he was awarded the CBE (Commander of the Order of the British Empire) by Her Majesty Queen Elizabeth II for his contribution to the Indo-British economic relations.
His academic credentials include a Bachelors degree in Physics from Delhi University (India), a Bachelor of Engineering degree in Electronics and Telecommunications from the Indian Institute of Science, Bangalore (India) and a Masters degree in Computer Science from the University of California – UCLA (USA). In 1993, Mr. Ramadorai attended the Sloan School of Management’s Senior Executive Development Program.
“It is a great privilege to chair the board of one of India’s important financial institutions at a time of change and innovation,” said Mr. Ramadorai. “Moving forward, our market is positioned to extend its leadership on a broad range of fronts, including protecting investor interests, raising the bar on self regulation and governance, and ensuring the highest quality market for our customers.My colleagues on the board of directors and the management team will continue to ensure the success of the BSE and its continued role at the center of India’s capital market development.”
“On behalf of the entire BSE community, I want to congratulate and welcome Mr Ramadorai on his election as Chairman,” said Mr. Madhu Kannan, MD & CEO, BSE. “Mr. Ramadorai brings a great deal of experience and insight into this role, and we will continue to work with him during a truly exciting and important period for the BSE and our nation’s financial markets. We also want to record our thanks and appreciation to Mr. Jagdish Capoor for his tenure as chairman. He has made a positive and lasting difference at the BSE and for Indian capital markets as a whole.”