Madhabi Puri Buch is well-known in the quick world of banking. Her three-decade career shows her commitment to excellence in one of India’s most important fields. Madhabi was born in 1966 and has worked up to become a prominent player in the financial industry.
Madhabi Puri Buch Net Worth
While the net worth of SEBI chief Madhabi Puri is not publicly published, she is estimated to receive roughly Rs 3 lakh per month, equating to more than Rs 36 lakh per year.
Madhabi Puri Biography
Madhabi Puri Buch (born 1966) is an Indian entrepreneur and the chairman of India’s securities regulatory authority, the Securities and Exchange Board of India (SEBI). She is the first woman to manage SEBI and the first person from the private sector to hold this post.
From April 2017 until March 2022, she worked full-time for SEBI and was in charge of major regulatory directives. Buch is recognized for bringing about swift adjustments that enhanced both the system and the regulatory body’s efficiency.
She and her spouse were accused by activist short-selling firm Hindenburg Research in August 2024 of owning shares in doubtful offshore organizations that were used to unfairly boost the value of Adani Group firms. They denied the charges.
Education and Achievements
Buch completed his education at the Convent of Jesus and Mary in Delhi and Fort Convent School in Mumbai. After getting her degree from St. Stephen’s College in Delhi with a mathematics, she continued on to IIM Ahmedabad to get her MBA.
Madhabi’s verdict against the Sahara Group, obliging them to repay the Rs. 14,000 crore they had obtained from investors, was one of her most notable achievements at SEBI. Her outstanding dedication to safeguarding investors’ funds was demonstrated by this action. In order to protect the integrity of India’s stock markets, she has also taken strong action against insider trading and the sharing of confidential information.
Madhabi Puri Buch created history in 2022 when she was named SEBI’s first female chairperson. Under her direction, SEBI has quickly changed in an effort to increase its efficiency. She has played a key role in the organization’s professionalization and in keeping it adaptable to the changing demands of the financial industry.
Madhabi Puri Husband
Madhabi Puri Buch | Married Dhawal Buch at the age of 21. |
Dhawal Buch |
Successful in his career; worked in advisory roles at Blackstone and Alvarez & Marsal. Serves as a non-executive director on the Board of Gildan.
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Children | They have a son named Abhay. |
Family |
Close-knit family; a strong source of support for Madhabi’s career.
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Impact of Hindenburg Research Report
Madhabi has overcome multiple challenges in her journey, despite all of her successes. She was in the news recently because to allegations made by Hindenburg Research. It said that Puri Buch and her spouse were connected to foreign companies that made investments in India. They asserted that Vinod Adani allegedly exploited these IIFL Wealth-managed funds to fraudulently increase the shares of Adani Group companies.
This brought Buch into question, given that SEBI had previously been unable to identify the beneficial owners of similar offshore firms that had invested in Adani companies. The couple disputed the charges and stated that they had made all relevant disclosures to SEBI throughout the years. They also issued a statement the day after the news was published, emphasizing that the fund in which they invested did not own any Adani Group stocks at the time of their investments.
Recently, the Congress party accused her of accepting funds from ICICI Bank while serving as SEBI chief. According to several news sources, the Parliamentary Public Accounts Committee (PAC) will also investigate the charges against Buch.
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