Why SEBI has a poor conviction record on insider trading

The regulator, despite having the legal firepower, has not made much headway in bringing culprits to book.

On 13 August, Rahul Kirloskar, one of the promoters of Pune-headquartered Kirloskar group, shot off a letter to Ajay Tyagi, chairman of the Securities and Exchange Board of India, questioning, among other things, the capital markets regulator’s credibility and independence. 

“…[We] earnestly request that you, as the custodian of the public interest, act at the earliest to rid India's capital markets regulator of practices that have no place in a fair, transparent and robustly governed business environment and uphold the integrity and impartiality of this institution. We urge you to examine the events and developments that have taken place right …


T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor




Varun Sood

Varun is a Bengaluru-based journalist and former writer at The Morning Context. In his thirteen-year stint as a print journalist, he had worked with a number of publications, including Business Standard, the Financial Times, The Economic Times and Mint.