Mr. Bajpai has very rich and significant experience in India’s capital markets and insurance sector. He is the Former Chairman, SEBI -Securities and Exchange Board of India and LIC -Life Insurance Corporation of India .
Mr. Bajpai has very rich and significant experience in India‘s capital market and insurance sector.He was the Chairman, Securities, and Exchange Board of India – SEBI (Feb 2002 – Feb 2005). SEBI functions as a regulator of the Indian Securities Market, the tenth largest in the world.
His initiatives have helped in the improving the quality of market to the level of best in the world. During his tenure as the Chairman, Life Insurance Corporation of India – LIC (Sept 2000 – Feb. 2002) India’s premier financial conglomerate grew its asset base to over Rupees 4.8 Trillion ((US $ 100 Billion approx).
Under his leadership, LIC grew at a record rate of 65% and 135% in 2000-01, 2001-02. In spite of entry of major global insurers into Indian Mkt. LIC did not concede more than 1% of market share up to 2001-2002. Mr Bajpai served on the Boards of many prestigious organizations of India and outside, across diverse industries including Finance, Chemicals, Steel and Energy such as National Stock Exchange of India Ltd., Stock Holding Corporation of India as Non – Executive Chairman, Chairman of Corporate Governance Task Force of International Organization of Securities Commission (IOSCO) until Feb. 2005 and Director of ICICI Limited (now ICICI Bank), Unit Trust of India, India International Insurance Pvt. Ltd., Singapore, Ken India Assurance Company Limited, Nairobi, Kenya, Tata Chemicals and Jindal Vijay Nagar Steel. President – Insurance Institute of India.(2002-04) Serving on the Board of Governors of prestigious institutions like – National Insurance Academy and Indian Institute of Management, Lucknow.
Mr. Bajpai was a recipient of the prestigious award for Outstanding Contribution to the Development of Finance conferred by CNBC TV 18 and handed over by the Hon. Prime Minister of India Dr. Man Mohan Singh.