Sh. D. R. Mehta, IAS (Retd.), Former Chairman, SEBI

Sh. D. R. Mehta, IAS (Retd.), Former Chairman, SEBI

Mr. D. R. Mehta is the Founder & Chief Patron of Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS) Jaipur. He set up BMVSS in 1975, and has, over time, developed it to become the largest organization for handicapped in the world, by now, providing more than 1.3 million beneficiaries handicapped with artificial limbs / calipers and other aids and appliances, giving them mobility and dignity.

BMVSS provides all the aids and appliances totally free of charge as a large number of its handicapped patients are below the poverty line. However, it is ensured that the patients get the clear impression that they are getting help and not charity. One of the basic objectives of BMVSS is to ensure dignity along with mobility.

Mr. Mehta evolved a special patient-centric management system for BMVSS to ensure fast humane personalized service. Under this BMVSS has an open door policy with the result that any patient can reach its centers any time of day or night and get the admission immediately. Secondly, once a patient has arrived, he stays put in BMVSS, at the latter’s expense, till he gets artificial limb or other aid and appliance.

Mr. Mehta has ensured that BMVSS remains a non-political, non-sectarian, pan-Indian NGO.

BMVSS is also an international organization. It has held on-the-spot-limb-fitment-camps in 26 countries of Asia (including those in Pakistan and Afghanistan, personally led by Mr. Mehta), Africa and Latin America.

The effort of BMVSS is to blend sentiment with science by providing service on one hand and also to continuously upgrade its technology on the other. BMVSS has a tie up with the Indian Space Research Organization for development of a new foot. It is also being supported by Stanford University, MIT etc.

In Nov 2007, Mr. D. R. Mehta’s was given the prestigious TECH Museum Innovation Award in Silicon Valley in the USA for Innovation and its Use for Humanity. The Indian for Collective Action Award in San Francisco was also given to him. Earlier Mr. D. R. Mehta was given DIWALI BEHAN Award by Dalai Lama. Recently, Mr. D. R. Mehta received CNBC Award for Social Enterprise on behalf of BMVSS. He also got Satpal Mittal Award. He received several other awards too.

He is a well-known animal activist. He has started or associated with some animal homes. He has also published literature on animal welfare.

On 26th of Jan 2008 the Government of India honored Mr. D. R. Mehta by conferring on him the prestigious National Award “Padma Bhushan” for his social services.

Recently, he was given Rajiv Gandhi National Sadhbhavna Award 2012 by the Prime Minister of India.

Mr. Mehta is a retired civil servant. He joined the Indian Administrative Services (IAS) in 1961 and held various responsible positions in the Government of Rajasthan and Government of India. He was the secretary to Government of Rajasthan dealing with various departments in different times; he was Secretary Industries; Secretary Mines; Secretary to Chief Minister etc in Rajasthan. In Government of India he was Controller of Capital Issues, Additional Secretary Banking in the Ministry of Finance. He was also the Chief Controller of Imports and Exports or the Director General of Foreign Trade, Ministry of Commerce, Government of India. During this time the fundamentally changed Export – Import policy for the country was introduced. Then he took over as the Deputy Governor of the Reserve Bank of India (1992-95)(RBI). This was the time when the banking reforms where introduced.

Subsequently, he became the Chairman of Securities & Exchange Board of India (SEBI), the regulator for the capital market in India. He held this responsibility for seven years from 1995-2002. During this period the Indian capital market became modern and sophisticated because of large number reforms.

Mr. Mehta had been closely associated with the economic reform process in India.

Mr. Mehta was born in 1937. He is an alumnus of Rajasthan University, Jaipur, Royal Institute of Public Administration, London and Alfred Sloan School of Management M.I.T., Boston, USA.

Mr. Mehta is a Director on the Board of Alfred Sloan School of Management of MIT for Europe, Asia and Africa.


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