Chitra Ramkrishna is the 1st woman MD & CEO of the National Stock Exchange(NSE). NSE is world’s largest exchange in cash market trades and one of the top three exchanges in index and stock derivatives.
As the MD and CEO, Ms. Ramkrishna has not only maintained the rich legacy of this great institution, but her tireless endeavour has ensured it has scaled new heights.
She joined IDBI and worked at the treasury and fixed income departments. Later, she marketed the trendsetting deep discount bonds.
The late RH Patil, Executive Director of IDBI, complimented the young Ramkrishna for her extraordinary work and her role in making the bond issue a success. In a public sector organisation, a senior manager rarely had a conversation with his junior. What Dr Patil did was completely unheard of.
She was soon handpicked by the late SS Nadkarni, then IDBI chairman, to set up NSE from scratch and create a counter-force to the powerful Bombay Stock Exchange (BSE), which was then seen to be a closed club of brokers resistant to change.
The government wanted to set up a stock exchange that would not have any of the problems witnessed by BSE, and would be seen as a professionally run bourse. The idea was to have a bourse that would conduct trading transparently and where price discovery would be clear and electronically driven.
Within just a few months, the NSE was functional. This drive set the benchmark for NSE and defined its culture, Ramkrishna says. She calls it “quick to market”. And, over the years, she developed a skill in execution that helped her build a reputation among the broking community.
Over 20 years later, on April 1, 2013, Ramkrishna took over at the corner room of the exchange she helped create, as its MD and CEO.
Chitra Ramkrishna is a role model to every Working Woman in India and the world!