Atanu Chakraborty
Economic Affairs Secretary of India
In office
July 2019 – April 2020
Appointed byAppointments Committee of the Cabinet
Preceded bySubhash Chandra Garg
Succeeded byAjay Seth
Chairperson of HDFC Bank
Assumed office
3 July 2021
Preceded byShyamala Gopinath
Personal details
Nationality Indian
OccupationCivil Servant

Atanu Chakraborty is currently the chairperson of HDFC Bank, India's largest lender by market capitalization. He was appointed by the Reserve Bank of India in April 2021 on the board of bank. [1][2][3] He is a 1985 batch officer of the Indian Administrative Service, of the Gujarat cadre, and has served as Economic Affairs Secretary of India till his retirement in April 2020.[4] Chakraborty has also been in the energy sector [5] At the central and state governments, his current role includes the chairmanship of start-up entities in Fintech. [6]

In the Ministry of Finance (India), he also served as the Secretary of Expenditure as well as the secretary of the Department of Investment and Public Asset Management (DIPAM). He was also appointed to the Central Board of Directors of the Reserve Bank of India. [7][8] He has also held various posts under the Government of India and State Government of Gujarat. [9][10]

Education

He holds a degree in Electronics and Communication engineering. He completed his post-graduate diploma in business finance and an MBA from the University of Hull, United Kingdom.[4][11][12] [13]

Career

Atanu Chakraborty has served various positions for both the Government of India and the Government of Gujarat. He has held positions in the Ministries of Finance, Ports, industries, labour, petroleum and natural gas, and Home. He also served on the Boards of state-owned enterprises. [14]

In the Government of Gujarat, Chakraborty served as the Additional Chief Secretary of Industries and as Principal Secretary of the Finance Department. He was the chief executive of GSPC Group of companies, GSFC Limited, GSFS Limited, and the CEO of Gujarat Maritime Board. He has held the office of chief executive officer of Gujarat Infrastructure Development Board and also served as the chairperson of National Infrastructure and Investment Fund (NIIF) Chakraborty has held positions in the Ministry of Finance, Government of India. He held the posts of Secretary, DIPAM, and Secretary, Department of Economic Affairs. [15]

Currently, Chakraborty is as an independent chairman on the board of Yubi, formerly known as CredAvenue. [16][17] He is a research affiliate in The Lakshmi Mittal & Family South Asia Institute of Harvard University. [18]

Economic Affairs Secretary

Chakraborty was appointed as the Union Economic Affairs Secretary by the Appointments Committee of the Cabinet (ACC) in July 2019. He was succeeded by Subhash Chandra Garg. [19]

In October 2019, the Appointments Committee of the Cabinet given him additional charge of Department of Expenditure and was made Expenditure Secretary. [20][21]

He was the core team that prepared the Union Budget for 2020 and also was instrumental in the preparation of the National Infrastructure Pipeline. He was also the chairman of National Infrastructure Investment Fund. [7]

DIPAM Secretary

He has served as the secretary of the Department of Investment and Public Asset Management (DIPAM) in the Ministry of Finance (India). In this role, Chakraborty directly handled the disinvestment of state-owned enterprises. He has played a key role in garnering Rs. 80,000 crore through disinvestment proceedings in the year 2018-19 after he took charge as the secretary of the department in May 2018. [22][23][4][24][25]

Director General of DGH

Prior to that he has served as the Director General of Directorate General of Hydrocarbons (DGH) in the Ministry of Petroleum from February 2016. He held the rank of Additional Secretary as the DG of DGH. While in DGH he launched the Open Acreage Licensing Policy and the National Data Repository. [26]

MD of Gujarat State Petroleum Corporation

He also served as the MD of Gujarat State Petroleum Corporation, an oil & gas company promoted by the State Government with operations in E&P, Gas Transmission and Distribution and Gas Trading. [27][28]

Gujarat State Financial Services

In his home state, he served as managing director of Gujarat State Financial Services Ltd. He served as managing director of Gujarat State Fertilizer & Chemicals (GSFC) Ltd. He was also the CEO of Gujarat Infrastructure Development Board. [29][30][31]

References

  1. ^ "RBI approves appointment of Atanu Chakraborty as part-time chairman of HDFC Bank". The Hindu. April 23, 2021.
  2. ^ Das, Saikat. "HDFC Bank creates new segment to work for both India and Bharat: Chairman". The Economic Times.
  3. ^ "Not just PSUs, even India Inc likes IAS on board as director". 2 July 2021.
  4. ^ a b c Mishra, Asit Ranjan (July 25, 2019). "Who is Atanu Chakraborty, the new economic affairs secretary?". Livemint.
  5. ^ Sarkar, Brinda (17 October 2022). "Yubi appoints Atanu Chakraborty as chairman". The Economic Times.
  6. ^ Sarkar, Brinda (17 October 2022). "Yubi appoints Atanu Chakraborty as chairman". The Economic Times.
  7. ^ a b "Govt appoints Atanu Chakraborty as expenditure secretary". Livemint. October 30, 2019.
  8. ^ "Atanu Chakraborty • the Lakshmi Mittal and Family South Asia Institute".
  9. ^ "Chakraborty made secretary of investment dept at Centre | Ahmedabad News - Times of India". The Times of India. 19 May 2018.
  10. ^ "Time right to restart Air India's privatization process, says government". 11 July 2019.
  11. ^ "PSU disinvestment: Time for big and small strategic sales, says DIPAM secretary Atanu Chakraborty". 7 July 2019.
  12. ^ "As the new economic affairs secretary, Atanu Chakraborty has his task cut out". 26 July 2019.
  13. ^ The Board Of Directors Of HDFC Bank
  14. ^ "Modi effect: Rivals RIL, ONGC team up for to east coast sharing infrastructure". 22 October 2017.
  15. ^ "India Pitches Bigger Oil Resource Pie in Bid to Lure Investments". Bloomberg.com. 16 January 2018.
  16. ^ Sarkar, Brinda (17 October 2022). "Yubi appoints Atanu Chakraborty as chairman". The Economic Times.
  17. ^ "Yubi appoints Atanu Chakraborty as Independent Chairman of its Board". 17 October 2022.
  18. ^ "Research Affiliates • the Lakshmi Mittal and Family South Asia Institute".
  19. ^ "Who is Atanu Chakraborty, the new economic affairs secretary?". 25 July 2019.
  20. ^ "Atanu Chakraborty appointed Economic Affairs Secretary, Subhash Chandra Garg named Power Secretary". Business Today. July 24, 2019.
  21. ^ "A Budget to rebuild India: Baton handed over to private sector, now implementation awaits". 12 February 2021.
  22. ^ "PSU disinvestment: Time for big and small strategic sales, says DIPAM secretary Atanu Chakraborty". 7 July 2019.
  23. ^ Verma, Sunny; Singh, Sandeep (July 8, 2019). "DIPAM secretary Atanu Chakraborty: 'Will keep putting products for sale on the conveyor belt'". Indian Express.
  24. ^ "Budget 2020: DEA secretary Atanu Chakraborty optimistic on real GDP growth estimate of 6-6.5% for FY21". 3 February 2020.
  25. ^ "India to borrow Rs 4.88 lakh crore in first half of FY21, says DEA Secretary Atanu Chakraborty". 31 March 2020.
  26. ^ "Govt picks GSPC chief Atanu Chakraborty as DGH | Delhi News - Times of India". The Times of India. 24 February 2016.
  27. ^ "GSPC Group appoints Atanu Chakraborty as MD". 24 April 2015.
  28. ^ "Atanu Chakraborty appointed Director General of Hydrocarbons". The Economic Times. February 26, 2016.
  29. ^ "GSFC to buy 20% in Canada's Karnalyte". 10 January 2013.
  30. ^ "Expect to sustain margins at current levels: Atanu Chakraborty, GSFC". The Economic Times.
  31. ^ "Atanu Chakraborty front runner for Sebi top post". 27 February 2020.
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