Board of Directors
Mr. Upendra Kumar Sinha
Non-Executive Independent Director-ChairpersonMr. Sinha served as the Chairman of Securities and Exchange Board of India (SEBI) for a period over six years between 2011 and 2017. During his stewardship SEBI is credited with having brought in significant regulatory amendments in areas such as Takeover Code, Foreign Portfolio Investors, Alternate Investment Funds, Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs) etc. SEBI reforms in mutual funds made this industry a household name and India’s ranking in shareholder protection rose substantially because of SEBI’s action on strengthening corporate governance.
Prior to this he was the Chairman and Managing Director at UTI Asset Management Company Pvt Ltd for six years. Preceding this, he was the Joint Secretary in the Ministry of Finance and looked after Banking and Capital Markets Divisions.
Besides the above, he has held some very important positions as enumerated below:
➢ Chairman of Association of Mutual Funds in India.
➢ Chairman Asia Pacific Regional Committee of the International Organisation of Securities
Commissions (IOSCO).
➢ Chairman of the Government appointed committee on Foreign Institutional Investments in 2010
➢ Chairman of the RBI committee on Micro, Small and Medium Industries(MSMEs) in 2019
➢ Chairman of the Insolvency and Bankruptcy Board of India(IBBI) committee on group insolvency
in 2020
Currently, he works as independent director on the board of some companies and also advises a private equity fund. His book- “Going Public” on his term in SEBI was published by Penguin Random House in 2019. He has also edited a book-“Treatise on Securities Laws” published by Thomson Reuters in 2020
Awards: For his contribution as Chairman SEBI, he was conferred with many awards viz. CNBC-TV18 India Business Leader Awards (IBLA) – Outstanding Contribution to Indian Business Award 2014 and Economic Times - Business Reformer of the Year Award 2014 to name a few.
Academic: Mr. Sinha was selected for the Indian Administrative Service in 1976. He holds a M.Sc. and LLB degree