Madhabi Puri Buch Biography:Education,Family,Career,Salary

Ekta Malhi
7 Min Read
Madhabi Puri Buch Biography

Madhabi Puri Buch Biography: In the fast-moving world of finance, Madhabi Puri Buch has made a name for herself. Her career, which has stretched over three decades shows her dedication to excellence in one of India’s most vital sectors. Born in 1966, Madhabi has worked her way up to become a key figure in the financial industry.

Education

She began at Fort Convent School in Mumbai and then moved to the Convent of Jesus and Mary in Delhi. But that was just the beginning. She went on to study Mathematics at St. Stephen’s College in Delhi and later earned an MBA from the Indian Institute of Management, Ahmedabad—one of the top business schools in India.

Madhabi Puri Buch family

At just 21 years old, Madhabi married Dhawal Buch, who is also very successful in his own career. He has worked in important advisory roles at Blackstone and Alvarez & Marsal and serves as a non-executive director on the Board of Gildan. They have a son named Abhay, and their close-knit family has always been a strong source of support for Madhabi throughout her career.

Madhabi Puri Buch husband

Madhabi Puri Buch Biography: Early Career

Madhabi Puri Buch kicked off her career in 1989 at ICICI Bank and worked there till 1992, where she gained experience in areas like sales, marketing, and product development.

Between 1993 and 1995, Buch served as a lecturer at West Cheshire College in England. Over the next 12 years, she held various roles in different companies, gaining experience in sales, marketing, and product development.

She joined ICICI Securities in 2006. Her dedication and talent didn’t go unnoticed, and she quickly climbed the corporate ladder, eventually becoming the CEO of ICICI Securities from February 2009 to May 2011. During her time at ICICI, she made significant contributions and proved her ability to navigate the complexities of the financial world.

Madhabi didn’t limit her career to just India. She also took on roles abroad, which broadened her experience. She moved to Singapore to join Greater Pacific Capital in 2011.

Buch also held positions as an independent director at the Indian School of Development Management (ISDM) and served as a consultant for the New Development Bank, also known as the BRICS bank.

Making a Mark at SEBI

Madhabi Puri Buch’s career took a major turn in April 2017 when she was appointed as a full-time member of the Securities and Exchange Board of India (SEBI). In this role, she handled important areas like collective investment schemes, surveillance, and investment management. Her tenure at SEBI has been marked by her innovative use of technology, leading to several significant regulatory decisions.

Major Achievements

One of Madhabi’s standout achievements at SEBI was her order against the Sahara Group, requiring them to return Rs. 14,000 crore raised from investors. This action showed her strong commitment to protecting investors’ money. She has also taken firm steps against insider trading and the sharing of private information, helping to maintain the integrity of India’s stock markets.

In 2022, Madhabi Puri Buch made history by becoming the first woman to be appointed as the chairperson of SEBI. Her leadership has brought about rapid changes aimed at making SEBI more efficient. She has been instrumental in professionalizing the organization, ensuring it stays responsive to the evolving needs of the financial sector.

Salary and Net Worth

While the exact figure of her salary as the SEBI head is not publicly disclosed, it is reported that she earns around Rs 3 lakh per month, which would amount to over Rs 36 lakh annually.

Madhabi Puri Buch’s net worth was estimated to be in the range of INR 4-5 crores in Early months of 2023. Now, it might have increased even more.

Facing Challenges

Despite her many accomplishments, Madhabi’s journey hasn’t been without its hurdles. Recently, she found herself in the spotlight due to allegations by Hindenburg Research. It accused Puri Buch and her husband of having ties to offshore entities that had invested money in India. They claimed that these funds, managed by IIFL Wealth, were allegedly used by Vinod Adani to artificially inflate the shares of companies owned by the Adani Group.

This brought Buch under scrutiny, as SEBI had previously struggled to identify the beneficial owners of similar offshore funds that had invested in Adani companies. The couple denied the allegations, stating that all necessary disclosures had been made to SEBI over the years. They also released a statement the day after the report was published, clarifying that the fund they invested in did not hold any securities related to the Adani Group at the time of their investment and that their involvement was due to their close friendship with the fund manager.

Recently, the Congress party has accused her of taking payments from ICICI bank while being the SEBI chief. The Parliamentary Public Accounts Committee (PAC) is set to investigate the allegations against Buch too as per various news reports.

Madhabi Puri Buch biography will be updated here as new details emerge.

Disclaimer: This article is based on publicly available information and sources believed to be reliable. This post is for informational purposes only. Readers are encouraged to check the information independently.

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I’m Ekta Malhi, your go-to writer for biographies that inform, entertain, and inspire. Let’s celebrate the extraordinary in every life together!