Debashis Basu Wiki, Age, Wife, Family, Biography & More

Debashis Basu

Debashis Basu is a renowned Indian business journalist, author and chartered accountant. He came into the limelight for helping his wife Sucheta Dalal (another renowned journalist) uncover the Harshad Mehta scam in 1992. He subsequently co-authored the bestselling book, Scam: From Harshad Mehta to Ketan Parekh, with Sucheta.

Wiki/Biography

Debashis Basu was born in Kolkata. He attended Dum Dum Airport High School in Kolkata and then pursued his Bachelor of Commerce degree from Goenka Institute of Commerce and Business Administration in Kolkata. Debashis qualified as a Chartered Accountant in 1982.

appearance

Hair color: gray and white

Eye color: Black

Debashis Basu

Family and caste

Debashis is married to Sucheta Dalal, a famous Indian journalist who uncovered the securities scam of 1992. Sucheta is the editor-in-chief of Moneylife magazine and a trustee of the Moneylife Foundation. There is not much information about his parents and siblings.

    Debashis Basu and his wife Sucheta Dalal

Debashis Basu and his wife Sucheta Dalal

Profession

As a journalist

After completing his Chartered Accountancy course, Debashis started working as a business journalist. Between 1984 and 1994, he worked for popular business newspapers such as Business India, Business World, Financial Express, The Times of India and Business Today. He then worked as a columnist for The Economic Times. As of 2021, Mr. Basu writes a column for Business Standard every alternate Monday.

As a writer

On April 23, 1992, Sucheta Dalal first exposed the discrepancies in the State Bank of India’s books, which led to a series of investigations by the Central Bureau of Investigation that uncovered India’s biggest financial scam. The debacle prompted the couple (Debashi and Sucheta) to write a book in 1993 titled, Scam: Who Won, Who Lost and Who Got Away. The book was based on interviews with various participants in the scam, primarily Harshad Mehta, and an anonymous source referred to in the book as “Deep Throat.”

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Debashis Basu's book

The book was a bestseller when it was first published. In 2001, it was reprinted with extensive revisions and an additional chronicle of the 2001 Ketan Parekh scam. The book was renamed “The Scam: From Harshad Mehta to Ketan Parekh.”

Debashis Basu's book

Debash has authored several other business books including Face Value: The Creation and Destruction of Shareholder Value in India, Growth Alchemy: Why Small Companies Can’t Get Financed, Trailblazers 1 & 2, and The Plain Truth About Stocks, Mutual Funds and Investing Series.

Moneylife Group

The journalist founded a financial magazine, Moneylife, in 2006. Debashis is the editor and publisher of this magazine. According to him, the aim of this magazine is to provide unbiased and well-researched analysis of the stock market. As of 2020, it has become a weekly online magazine and publishes in-depth articles on gold, mutual funds, fixed income, stocks, insurance, consumer rights, and smart borrowing and spending.

Debashis Basu’s magazine Moneylife

Debashis Basu’s magazine Moneylife

Mr. Basu founded the Moneylife Foundation, a non-profit organization, in 2010 to spread financial awareness and advocate for safe and fair market practices. As of 2020, the organization has conducted a record 385 seminars and conferences to introduce young people to the stock market and other financial institutions.

Debashis Basu's Moneylife Foundation

Awards

Winner (2015): Shriram Sanlam Award for Excellence in Financial Journalism, for writing a weekly column for Business Standard magazine.

Debashis Basu wins award for excellence in financial journalism

dispute

In July 2015, Moneylife magazine investigated NSE’s trading system after a whistleblower alleged that the exchange allowed a handful of brokers and traders to use facilities set up for high-frequency trading. Such access would have given traders and brokers a split-second advantage in accessing NSE data over regular traders or brokers. In response, the National Stock Exchange filed a defamation suit against Debashis Basu and Sucheta Dalal’s Moneylife magazine. NSE sought Rs 100 crore to settle the case, but later, the Bombay High Court asked NSE to pay Rs 1.5 lakh each to the two founders and donate Rs 4.7 crore to a charitable trust. NSE withdrew the defamation case in 2017.

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NSE withdraws Rs 100 crore defamation case and appeal. Withdraws legal costs, J Patel’s order remains unaffected. Thanks to millions of supporters pic.twitter.com/BAwbXcE4Lw

— Sucheta Dalal (@suchetadalal) September 12, 2017

Facts/Trivia

  • Debashis spends his free time reading and collecting business books.
  • He drinks occasionally.
    Debashis Basu tweets about drinking

    Debashis Basu tweets about drinking

  • Mr. Basu was a member of the Securities and Exchange Board of India’s Mutual Fund Advisory Committee. He also served as a member of the Securities and Exchange Board of India’s working group to create the IndoNext market segment for small companies.
  • Hansal Mehta’s Hindi web series Scam 1992: The Harshad Mehta Story, which was released in 2020, is based on Debashis’s book Scam: Who Won, Who Lost and Who Got Away. It features a character based on him, played by actor Faisal Rashid.
    Faisal Rashid and Shreya Dhanwanthary play journalist couple Debashis Basu and Sucheta Dalal

    Faisal Rashid and Shreya Dhanwanthary play journalist couple Debashis Basu and Sucheta Dalal

Categories: Biography
Source: HIS Education

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