Chitra Ramkrishna

Anand Subramanian

Chitra Ramkrishna former CEO of the National Stock Exchange

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	Anand Subramanian is the former Group Operating Officer (GOO) of the National Stock Exchange (NSE) and Chief Strategic Advisor to ex-CMD Chitra Ramkrishna.</div>
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	Subramanian previously worked as Vice President at Leasing &amp; Repair Services of Transafe Services Limited, a subsidiary of Balmer Lawrie &amp; Co. Before joining the NSE, he was associated with the stock exchange as a consultant.<br />
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	Subramanian had joined the NSE in April 2013 as chief strategic advisor when Chitra Ramakrishna took charge as MD and CEO. He was re-designated as GOO and elevated to group chief operating officer (COO) in April 2015.</div>

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	He had quit in October 2016 and in December that year, Ramakrishna also resigned as MD and CEO amid allegations of irregularities at the exchange&rsquo;s co-location facility.</div>
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	<strong>Allegations against Anand Subramanian</strong></div>
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	Market regulator Securities and Exchange Board of India (Sebi) alleged that Chitra Ramkrishna and Anand Subramanian ran a money-making scheme during their stint at NSE. The regulator also alleges that Ramkrishna made incorrect and misleading submissions to Sebi on the appointment and selection of Subramanian.</div>
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	The order passed by Sebi dated February 11, 2022, highlights a frequent increase in Subramanian&#39;s compensation package without proper appraisal, documentation or file notings and with no involvement of the Human Resource (HR) head or the Nomination and Remuneration Committee (NRC).</div>
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	Furthermore, the order talks about Subramanian being directed to &ldquo;withdraw and surrender&rdquo; to the unknown person a gross amount per month as &ldquo;gratitude.&rdquo;</div>
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	A Sebi report in February 2022 revealed that Ramkrishna took key decisions at the NSE from 2013 to 2016 on the advice of an unknown &ldquo;Himalayan yogi&rdquo;, whom she had never met and who instructed her to appoint Subramanian as group operating officer.&nbsp;</div>
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	Subramanian was offered a salary of Rs 1.68 crore per annum to join NSE as a chief strategic advisor from April 1, 2013, when he was a mid-level executive at an arm of Balmer Lawrie &amp; Co. His salary was less than Rs 15 lakh per annum.</div>
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	In less than three years, Subramanian&rsquo;s salary jumped to Rs 4.2 crore for working as a consultant for four days a week. He was later re-designated as GOO and advisor to MD with effect from April 01, 2015, but was never declared key management personnel by NSE.</div>
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	<strong>Anand Subramanian&#39;s arrest</strong></div>
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	The CBI arrested Anand Subramanian on February 25, 2022, after expanding its three-year probe into the co-location scam in the exchange in view of &quot;fresh facts&quot; that emerged in a Sebi report referring to a mysterious Yogi which was guiding the actions of former CEO Chitra Ramkrishna and other irregularities.</div>

Anand Subramanian - He is a former GOO (Group Operating Officer) of the NSE and chief advisor to ex-CMD Chitra Ramkrishna who were involved in the co-location case at NSE. Know more about Anand Subramanian with all the allegations and case with business-standard.com

Anand Subramanian

Who is Anand Subramanian?

Latest Updates on Anand Subramanian

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NSE scam: Court denies bail to Chitra Ramkrishna, Anand Subramanian