Mr. C B Bhave was appointed as chairman of the Securities Exchange Board of India (SEBI) in February 2008 for a period of three years. He was SEBI's senior executive director from 1992-1996, following which he became Chairman and Managing Director of the then newly created National Securities Depository Limited (NSDL) Mr. Bhave hails from Nagpur, Maharashtra. He is an electrical engineer and 1975 batch IAS officer. He was executive director at SEBI where he worked closely with the former chairman G V Ramakrishna to manage regulatory transition of Indian stock market. He left SEBI to become first Chairman of National Securities Depository Ltd. Before joining SEBI he was additional Industries Commissioner of Maharasthra for three years and had earlier served as undersecretary in the Ministry of Finance and deputy secretary in the Ministry of Petroleum. He also served as independent director on board of two listed companies - then public-sector CMC (now part of the Tata Group) and Avaya Global Connect
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