Fiesty and Fearless! A Change Agent! A Challenger to Challenges! These are but a few ways to describe M Damodaran, Chairman, Excellence Enablers and former Chairman of SEBI, UTI and IDBI. An upholder of corporate governance through his career, he helped restore UTI’s credibility and the faith of millions of unit-holders and brought IDBI back from the brink. Uniquely, he has had a ringside view of both banking and financial markets.
Damodaran made a critical difference to a relatively young regulatory agency in leadership on enforcement, tackling violations and making local market a safer place for investors. The Indian securities market can now boast of a trading, clearing and settlement mechanism that is one of the best in the world. He is also credited with introduction of improved practices and corporate governance standards in Indian securities market.
His pioneering role in promoting corporate governance in India invests Excellence Enablers with an experience-based leadership role in corporate governance advisory work. Successive governments and corporates alike have relied on him, leveraging his expertise.