Hindenburg SEBI Controversy: List of All Chairpersons of SEBI till 2024

Just when the Adani-Hindenburg dispute seemed to be settling down, whistleblower Hindenburg, known for short-selling stocks for profit, stirred things up again, this time alleging that Securities and Exchange Board of India chairperson Mahabhi Puri Bhuch and her husband held stakes in overseas entities linked to the Adani family.

The new charges come about six weeks after the Securities and Exchange Board of India issued a subpoena to Hindenburg, accusing it of violating Indian market rules and making money through short selling.

Securities and Exchange Board of India (SEBI) in the spotlight

With these new allegations, the Securities and Exchange Board of India (SEBI) has once again come under the spotlight. SEBI was established on April 12, 1988, with an initial mandate to develop and supervise the securities and commodity markets in the country. Over the years, under the leadership of several dynamic personalities, SEBI has evolved from a simple enforcement agency to a powerful regulator with legal clout.

Hindenburg working model

Hindenburg Research is a small US company founded by Nathan Anderson in 2017. The company uses financial investigations to uncover problems at large companies.

Hindenburg has previously looked at companies including Nikola, Clover Health, Block Inc, Kandi and Lordstown Motors.

Their approach was simple: They released reports to their clients before the public saw them. The clients then used this information to short the stocks of these companies. When the stock price fell after the report was released, both Hindenburg and its clients made money.

Also read: Hindenburg Report: Six charges against SEBI Chairman Madhabi Puri Buch

List of SEBI Chairman:

Check out the table below to know the names and tenures of all SEBI Chairmen:

Serial number

President

Position

1

Dr. SA Dave

April 12, 1988 – August 23, 1990

2

Shri GV Ramakrishna

August 24, 1990 – January 17, 1994

3

Nadkarni

January 17, 1994 – January 31, 1995

4

Mr. Mehta

February 21, 1995 – February 20, 2002

5

Shri GN Bajpayee

February 20, 2002 – February 18, 2005

6

Shri M. Damodaran

February 18, 2005 – February 18, 2008

7

Mr. Bavi

February 19, 2008 – February 17, 2011

8

Shree UK Sinha

February 18, 2011 – March 1, 2017

9

Shree Ajay Tyagi

March 1, 2017 – February 28, 2022

10

Mahabib Puri Buh

February 28, 2022 – Incumbent

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