C. B. Bhave
He was appointed as Chairman of the Securities and Exchange Board of India (SEBI) in February 2008 for a period of three years.[4] Many prominent personalities including Jaswant Singh (Former Finance Minister), Vinod Rai (Former Comptroller and Auditor General), Deepak Parekh (Chairman, Housing Development Finance Corporation), Jairam Ramesh (Rural Development Minister) have described Bhave as an "outstanding, honest and upright" officer.This gave a highly successful first stint at SEBI, which ushered in the revolution of the Indian equity market.Bhave had irreconcilable differences with D. R. Mehta, the SEBI Chairman, and strong views about the direction of reforms of the equity market.NSDL had been incubated inside NSE but for all practical purposes, it was a startup when Bhave took over as managing director.