Sebi director to join Tata Group
The Indian Express — September 19, 2006

Market regulator Securities and Exchange Board of India's oldest employee is joining the Tatas. The Tata group has appointed Sebi director Pratip Kar as dean - finance and corporate governance of Tata Management Training Centre (TMTC) with immediate effect. The Pune-based Tata Management Training Centre (TMTC) is the hub of knowledge and training excellence of the Tata Group. Kar, who was with the Sebi since its inception in 1992, has been involved in the reforms in the securities market in India, framing its regulatory framework and regulatory policy.

He was also instrumental in the implementation of regulations in key areas like primary issues, disclosure norms, accounting standards, corporate governance, takeovers and substantial acquisition of shares, foreign institutional investment and others. The Tata Management Training Centre (TMTC) was started on January 6, 1966 to serve as an educational institution which would assist, foster, cultivate and contribute to the development of professional management for the economic development of the country.

Kar, who has been in the financial sector for close three decades, began his career as a lecturer in physics and had a brief stint in a commercial bank, before joining the Industrial Finance Corporation of India in 1977. Post IFCI, he moved on to the IDBI in 1981 to work in the field of project finance.