NSE , MD and the Himalayan Yogi

 An explosive article detailing the SEBI probe on NSE pointed out a fact which is not digestible.

The Business Line newspaper stated:

Chitra Ramkrishna, the former CEO and MD of NSE, India’s largest stock exchange with a combined market capitalisation of close to $4 trillion, was guided by a yogi residing in the Himalayas for the appointment of Anand Subramanian, little-known in the industry, as the exchange’s chief operating officer (COO) in 2013. The appointment cost NSE ₹5 crore.

Ramkrishna referred to the unknown yogi as “Sironmani” [the exalted one] and shared with him information such as NSE’s five year projections, financial data, dividend ratio, business plans, agenda of board meeting, and even consulted him on employee performance appraisals.

An email from the unknown yogi even carried the diktat that Subramanian be exempt from the contractual 5-day work week and instead be asked to come only for three days and allowed to work the rest of the time at will.

Another email on September 5, 2015, from the yogi told Ramkrishna, “SOM, if I had the opportunity to be a person on Earth then Kanchan is the perfect fit. Ashirvadhams.” On December 30, 2015, Ramkrishna told the Yogi in her reply, “SIRONMANI, struggle is I have always seen THEE through G, and challenged myself to on my own realise the difference.” ‘SOM’ refers to Ramkrishna, and ‘Kanchan’ and ‘G’ refer to Subramanian, the SEBI probe revealed.

Same article states further:

Yet, Ramkrishna was made NSE’s MD and CEO in 2013 with a powerful politician in Delhi backing her, sources told BusinessLine. A forensic audit showed that only Ramkrishna and Subramanian were imaged/checked while the laptops assigned to them were disposed of as e-waste by NSE. Even their personal emails were not available for forensic audit. 

Now who could be that yogi, no doubt a powerful politician who should have controlled important portfolio of Finance sector from Delhi in the year 2012 when she was made MD of NSE.

The most interesting / foolish / rubbish statement was:

SEBI’s probe revealed that Ramkrishna communicated with the yogi, whom she had never met, over email, for almost 20 years and he guided her to appoint Subramanian as the second in command at NSE. “Their spiritual powers do not require them to have any such physical coordinates and would manifest at will,” Ramkrishna told SEBI. The contents of the email were not denied by her. 

Now we have to start questioning the mainstream magazines:

Chitra Ramkrishna: Queen of the Bourse - Forbes India

Award: Women Leader of the Year

Chitra Ramkrishna

CEO & MD, National Stock Exchange

Age: 5O

Interests outside of work: Carnatic music; likes to play the veena

Why she won this award: For striking a delicate balance between the exchange’s commercial and regulatory roles and keeping NSE ahead of the pack with a high degree of professionalism, new

products and cutting-edge technology.

Do they , Forbes India, have the rights (or courage) to take back the award bestowed on her?

Is the ashirvadams of himalayan yogi resulted in her getting the award?

Fortune Magazine (Top 50 business women in the world):

Four Indian business women were featured according to Economic Times article and they were:

1. Chanda Kochhar - Ranked 4th

2. Chitra Ramakrishna - Ranked 17th

3. Shikha Sharma - Ranked 32nd

4. Naina Lal Kidwai - Ranked 42nd

Top 3 were asked to leave their respective organizations. Top 2 fighting cases in court for governance issues.

Please note this is not against any particular gender but about how recognitions are fickle.

No doubt Chanda and Chitra are true loyal soldiers willing to take bullet for their leaders.