Sucheta Dalal is an Indian business journalist and author who began her career with investment magazine Fortune India in 1984. Sucheta is the editor-in-chief and trustee of MoneyLife magazine and the MoneyLife Foundation, which she co-founded with her husband in 2006.
Wikipedia/CV
Sucheta Dalal was born in 1962 in Mumbai, India (58 years old in 2020). Sucheta completed her higher education in Mumbai and then went to Karnataka College Dharwad to pursue a bachelor’s degree in statistics. After completing her bachelor’s degree, Sucheta pursued a bachelor’s degree in law and a master’s degree in law from the University of Mumbai. In the early 1990s, Sucheta joined The Times of India as a reporter covering the business and economics section.
appearance
Height (approximate): 5′ 2″
Hair color: dark brown
Eye color: light brown
Family and caste
husband
Sucheta Dalal is married to Debashis Basu, a chartered accountant and journalist. He is the founder and editor of MoneyLife magazine.
Sucheta Dalal and Debashis Basu
Profession
Sucheta Dalal started her career as a journalist in 1990 when she joined the Mumbai newspaper The Times of India. She was attached to the business and economics section of the newspaper, under which she investigated several cases including the Harshad Mehta scam in 1992, the Enron scam, the Ketan Parekh scam in 2001, and many more. The investigation into the Harshad Mehta scam brought her fame in the field of activism and journalism. Sucheta helped uncover the scam and on November 9, 1992, Harshad Mehta and those involved in the scam were arrested by the Indian Central Bureau of Investigation. In 1993, Sucheta and her husband Debashis co-authored a book on securities scams titled Scams: Who Wins, Who Loses and Who Gets Away. She served as the financial editor of The Times of India until 1998. Sucheta then moved to another newspaper, The Indian Express, as a consulting editor and wrote columns for The Indian Express and The Financial Express until 2008. In 2006, she co-founded MoneyLife magazine with her husband and became its editor-in-chief.
Moneylife Magazine by Sucheta Dalal
dispute
In July 2015, MoneyLife magazine investigated NSE’s trading system after a whistleblower letter 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 Sucheta Dalal and Debashis Basu’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.
NSE withdraws Rs 100 crore defamation case and appeal. Withdraws legal costs, J Patel’s order remains intact. Thanks to millions of supporters pic.twitter.com/BAwbXcE4Lw
— Sucheta Dalal (@suchetadalal) September 12, 2017
Awards
- In 1992, Sucheta Dalal received the Chameli Devi Jain Award for Outstanding Women in Media.
- She was awarded the Woman Power Award for her efforts in exposing the Harshad Mehta scam.
- In 2006, she received the prestigious Padma Shri for Journalism from former Indian President APJ Abdul Kalam.
Sucheta Dalal receives the Padma Shri from Dr. APJ Abdul Kalam
Facts/Trivia
- After the success of her first book, Sucheta Dalal wrote the autobiography of Indian industrialist, banker and economist AD Shroff. The title of the book is AD Shroff: Titan of Finance and Free Enterprise.
The Autobiography of AD Shroff by Sucheta Dalal
- Sucheta understood India’s financial markets, and after noticing the poor financial literacy of Indians, she and her husband decided to set up a non-profit organization, Moneylife Foundation.
Sucheta Dalal and Debashis Basu’s startup Moneylife Foundation
- Sucheta’s interest in the financial sector helped her understand the Indian banking industry, while her extensive research and investigations helped uncover many other scams like the Enron scam, IDBI scam, and Ketan Parekh scam.
- Sucheta Dalal was a member of the Investor Education and Protection Fund of the Ministry of Corporate Affairs for six years.
- Sucheta Dalal frequently conducts seminars to create awareness about mutual funds, real estate investments, and other financial issues to help people make better and safer decisions about their money.
- In October 2020, the documentary series Scam 1992 was released, which is based on Sucheta and Debashis Basu’s book Scam. The series is directed by Indian director, writer, actor and producer Hansal Mehta. The role of Sucheta Dalal is played by Shreya Dhanwanthary.
Categories: Biography
Source: HIS Education