Mr. G. N. Bajpai, Ex-Chairman SEBI and LIC, Joins New Horizons India Limited Board

Mr. G. N. Bajpai, Ex-Chairman SEBI and LIC, Joins New Horizons India Limited Board

New Horizons India Limited a well known education company, announced induction of Mr. G. N. Bajpai a renowned economist and visionary on its board as a Non-Executive Independent Director.

Mr. Ghyanendra Nath Bajpai is a distinguished leader in Indian business, was the Chairman of the Securities and Exchange Board of India (SEBI). Earlier Mr. Bajpai was Chairman of the Life Insurance Corporation of India (LIC). Mr. Bajpai is known for his visionary leadership and exemplary integrity. He has served/serves as non-executive chairman and a director on corporate boards in India and other countries, received awards for contribution to business, and authored several books. Mr. Bajpai has been chairman of the Corporate Governance Task Force of International Organization of Securities Commissions and the chairperson of the Insurance Institute of India, (III) a counterpart of Chartered Insurance Institute UK.

While welcoming Mr. Bajpai on board Mr. Ajay Sharma, MD, New Horizons India Limited said, “It gives me immense pleasure to welcome Mr. Bajpai on board and strengthen New Horizons India Limited. We believe with his presence and guidance, we will explore newer heights of success in coming days.”

On the occasion newly appointed Board Member, Mr. Bajpai said, “I am happy to be a part of New Horizons India Limited Board. As I have always had my keenness to share my knowledge, skill and expertise for larger good of society, this opportunity of serving on the board of an education company will give me more opportunities to contribute to millions of learners worldwide.”

As Chairman of SEBI, Mr. Bajpai oversaw the orderly functioning of India’s securities markets, the tenth largest in the world with a market capitalization of over US $ 1 Trillion and 20 million investors. With a vision to make India a global benchmark, Mr. Bajpai initiated numerous reforms and innovations in India’s securities markets. SEBI introduced trading of fixed income derivatives, Straight Through Processing, real time monitoring of broker positions and margins, and a settlement cycle of T+2 days. The Indian securities market now ranks as one of the most advanced in emerging markets and may well surpass developed markets in certain respects.

Concluded.

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