Dr.R H Patil the moving force behind the success of NSE

Dr R.H. Patil, was a sharp, honest and extremely low-profile, and could harness the best ideas from a young and dedicated team and push for appropriate regulation to implement them. He was a rare individual who turned down the offer to be Chairman of the Securities and Exchange Board of India (Sebi), although the government was willing to change the rule to give him a term beyond 62 years. Dr RH Patil was the moving force behind the success of National Stock Exchange who, unknown to many, repeated his success in the government securities market.

Bella Vista Belagavi

Dr. R H Patil was born in a small village called Nandgad, about 32 kms from Belgaum (Khanapur Taluk). His father was a landlord. He completed his matriculation from the Mahatma Gandhi High school Nandgad and then went to study at Karnataka College in Dharwad between 1955 and 1957. He then got bored with Dharwad and shifted to Pune’s Fergusson College. He had scored well in SSC. Everybody said he should go in for medicine or engineering, but he wanted to be different. He thought medicine meant cutting bodies and, being a vegetarian, that didn’t appeal. Engineering meant working in a factory or field sites he didn’t want that either. At the pre-graduate level, he opted for economics, which he liked very much and chose sociology as his second subject. After graduating, he wanted to join the best school in economics, which was the Bombay School of Economics those days. That is how he landed in Mumbai.

Dr. R. H. Patil was Chairman of Clearing Corporation of India Ltd. and was ex-Managing Director of the National Stock Exchange of India Ltd. (NSE).Dr. Patil has been associated closely, during his career, with the financial sector in various capacities, particularly with the Capital Market. He has also been associated with various Expert Committees including High Powered Committee on Stock Exchange Reforms, Committee on Secondary Market for Debentures and Committee on Trading in PSU Bonds and Units of Mutual Funds. He has been associated with establishment of National Stock Exchange of India Ltd. (NSE), Stock Holding Corporation of India Ltd. (SHCIL) and Credit Analysis and Research Ltd. (CARE). Currently, he was also Chairman of Disinvestment Commission and Local Advisory Board of BNP-Paribas and Director on the Board of 7 companies, including National Stock Exchange of India Ltd. (NSE), National Securities Clearing Corporation Ltd. (NSCCL), National Securities Depository Ltd. (NSDL) and Credit Analysis and Research Ltd. (CARE). He has worked with Faculty of Post-Graduate Dept. of Economics, University of Mumbai, Reserve Bank of India, Economic Dept. and Industrial Development Bank of India (IDBI) as Sr. Executive Director in charge of Loan Operations and Treasury functions.

That is the kind of person Dr Patil was – unassuming but fiercely competitive; intensely focused on the cause of the institution he works for; remarkably entrepreneurial but totally ethical; an institution-builder but only of the public-service variety. He belongs to a rare category – serial institutional-entrepreneur.

Dr.Patil was a true example of what one can achieve in life. Coming from a small village of Nandgad to setting up of NSE he dreamt big and hence achieved his goals in life. He was simple down to earth person in life. We still wonder why he hasn’t been awarded the Padma awards still. A selfless person dedicated to work all time around.

Team AAB salutes Dr.R H Patil and his vision of NSE which has transformed securities trading in the country.
He passed away in 2012 at the age of 74.

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8 COMMENTS

  1. Thank you for sharing this information. this is one of the inspirational person story of my taluka. hats off sir and all the best for your future journey. This is the inspiring story of person who one makes the difference. by the way still Khanapur Taluka students lag in global education only few examples like this we have with great stories.

  2. hi iam from nandgad but iam residing in mumbai at present whenever i come to nandgad i feel very proud and about patil sir achievement it is very great and youth from nandgad will get inspiration. my no is 9892201390

    thanks
    rajesh

  3. I was looking for info on Nandgad and surprisingly came across Mr Patil. I have traveled hundred times via Nandgad. It is a great pleasure and inspiring to know a great personality from Nandgad.
    –S.M.Chebbi . Dharwad.

  4. Nice & Inspiring story to all of us.
    I am from Nandgad & tried to get information about him from my parents & the villagers ,but it looks very few or no one knows about Mr. patil & his achievements. I would request him, if he can devote some time to Nandgad,the local youth will get inspired from him. We may see more people from Nandgad scaling new heights on the natianla arena. Wish him good health & I am proud that he belongs to the same birthplace of mine.
    Parshuram Kolekar-Pune-Tata Johnson Controls.(Originally from Khairwad-Nandgad)

  5. Sir, Wishing you always good health, so that you can serve our nation with your great ideas.

    Yours Sincerely

    Sanjay Prabhu – Ex Employee of Axis Bank

  6. Such a inspring story of great person. Also feels great, this wonderful personality is from Belgaum. Kindly our wishes to sir Dr. R H Patil. Uday this one is great story. I request you to give this type of inspiring story once in a week. Like you give trivia. My thought if such stories are being displayed or given almost all the people who are reading AAB will be benefited and may have some guideline to their lifes. Also the upcoming college students can choose profession in same manner and can be successful.
    Thanks for the story Uday.

  7. Great story on a Great man. Never knew he was from Nandgad in Belgaum district

    Such spectacular achievements to his credit. The NSE, which dramatically changed the stock market scenario in India, is one.

    Outlook Money while conferring the "Hall of Fame" award on Mr. Patil had this to say: "If the Indian stockmarkets have become a cheaper, safer and more transparent place to invest in, undoubtedly much credit would go to NSE and its founder R.H. Patil." (The full story can be read at :http://money.outlookindia.com/article.aspx?90264

    Thanks, Uday, for this nice story. Feel proud to be a Belgaumian.

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