Editor | Business
As chief of SEBI, Upendra Kumar Sinha guided the regulatory body through some of its most crucial years. Successive governments appointed him on this crucial post-making him one of the longest-serving heads of the organization. Under his leadership, SEBI successfully fought a long legal battle with Sahara, and led the crackdown on institutions such as PACL, Rose Valley, Saradha and the MPS groups which conducted unauthorized deposit collections.
He has contributed significantly to shaping India’s capital markets in multiple roles, including as chairman of UTI Mutual Fund and head of the Capital Markets division in the Ministry of Finance. The guiding force behind reforms to protect the rights of investors, make stock exchanges more secure, and introduce alternate investment funds (AIFs), real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). He is credited with the current revival and growth of the mutual funds industry in the country. This candid and historically important memoir reminisces on his journey through India’s changing financial landscape.
This book charts the evolution of Indian financial system and brings forward the insights into the complex relationship between the financial sector, the government and regulators.
About the author:
Upendra Kumar Sinha (U. K. Sinha) is the former chairman of SEBI. He was also the chairman and managing director of UTI Mutual Fund. He headed the Capital Markets Division in the Ministry of Finance, Government of India. He was a member of Bihar Cadre of the Indian Administrative Services (IAS).