The NSE Order is a crazy read. The juiciest bits have been discussed of course, but it's amazing how the largest stock exchange has been run. Disclosure: I own BSE, and I think SEBI should quickly level this field (the way they did when BSE was a near monopoly)
Chitra Ramakrishna was CEO between 2013 and 2016. A strange "yogi" was there. She shared confidential details of the NSE with this person: 
The problem isn't the sharing, apparently. It involves another strange person: Anand Subramanian, a consultant at a Balmer Lawrie subsidiary, who was hired to become big ass consultant at NSE, with his salary going from 1cr+ to 4 cr+ per year between 2013 and 2016.
Such salary increases are now being copied by startups in Bangalore while hiring any developer who can spell Javascript in the first or second attempt. But we digress.
The source for the shenanigans at the NSE is of course Absolute Power by @suchetadalal and @Moneylifers amazon.in/Absolute-Power…
This notice to Chitra is just one part of what seems to be a real corp governance issue.
This notice to Chitra is just one part of what seems to be a real corp governance issue.
I'm honestly not too concerned about the salary given. I would be happy to pay a lot more than market for the right person, regardless of qualifications. And NSE's profits are its shareholders' (and board's) problem.
The issue is they said AS is not a key managerial person.
The issue is they said AS is not a key managerial person.
He was group COO and not key? Not an employee? This is super strange, indeed. And then "rigyajursam@outlook.com" = unknown yogi = who gets paid a part of what Anand Subramanian is paid. (Rigyajursam = names of the three main vedas and appears to be a front)
Interestingly, the yogi gets to know from Chitra that she's making Anand some bigshot also: (Chitra is noticee no. 1)
Yogi is like Bro, I wanna piece of this madness. Increase his salary and gimme a part of it bwahahaha.
This yogi is good, and apparently has had favours pending since yesteryears and all that. Here's the promotion sub-list: (Feb 2015 is one super busy time I swear)
Overall, while there is information of enjoying the Seychelles sea and all that kind of stuff, it's hardly relevant beyond saying that Yogi fellow is hardly a yogi.
If there is to be any substance to the findings, SEBI must dig much deeper. Otherwise it's just a soap opera.
If there is to be any substance to the findings, SEBI must dig much deeper. Otherwise it's just a soap opera.
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