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By:

Jitendra Zavar

5 April 2026 at 4:30:23 pm

From barren land to lush green Devrai

The inspiring journey of Nashik’s ‘Tree Man’ Shekhar Gaikwad Nashik: If a person sets their mind to it, they can make the impossible possible. A prime example of this is the 'Mountain Man' of Bihar, Dashrath Manjhi, who carved a road through a mountain using only a hammer and chisel. His life story was even adapted into a highly successful film. Such passionate personalities are found in many places, and Shekhar Gaikwad of Nashik is one of them. He has taken up the mission of making the city...

From barren land to lush green Devrai

The inspiring journey of Nashik’s ‘Tree Man’ Shekhar Gaikwad Nashik: If a person sets their mind to it, they can make the impossible possible. A prime example of this is the 'Mountain Man' of Bihar, Dashrath Manjhi, who carved a road through a mountain using only a hammer and chisel. His life story was even adapted into a highly successful film. Such passionate personalities are found in many places, and Shekhar Gaikwad of Nashik is one of them. He has taken up the mission of making the city green. Regardless of whether he receives help or not, he has continued his work. Dedicated to tree conservation for the past three decades, this enthusiast is known today as the 'Tree Man' of Nashik. He has planted more than 1.5 lakh trees. A mechanical engineer by profession, Shekhar Gaikwad always had a passion for the environment. This led him to start his afforestation work in 1998. He conducted an in-depth study of native species that are beneficial to the environment and launched plantation drives in various parts of Nashik. The most significant milestone in this journey is the 'Fashicha Dongar' (Hangman's Hill) area near Satpur. This historical hill, where freedom fighters were hanged during the British era, lay barren. It was covered with 'Gliricidia' trees, which degrade the soil quality. Taking it as a challenge, Shekhar Gaikwad sought permission from the Forest Department to transform this hill. On June 5, 2015, the site was named 'Devrai' (Sacred Grove). Since then, the hill began to turn lush green. Today, more than 35,000 trees of native species are thriving across this 100-acre expanse. This area is no longer just a forest but has become a 'Biodiversity Park' rich in life, providing a natural habitat for many birds and wildlife. The hill has now become a center for nature tourism. Gaikwad's devotion to nature is astounding. While managing his business, he spends every Saturday and Sunday in this Devrai without fail. He prioritises manual labour (Shramdaan) over family functions or weddings. Consequently, his friends and relatives now plan their events on days other than Saturday or Sunday. Initially, he had about 15 volunteers, but that number gradually decreased. Now, he carries out this work himself along with two security guards. Due to the dense forest, the presence of leopards has increased, and he often encounters snakes while working, yet his mission continues unabated. Without Aid Shekhar Gaikwad implements all his environmental projects solely through community participation, without any government or political assistance. The monthly expenditure, including the salaries of two security guards and other costs, amounts to approximately Rs 90,000. He manages this expense through his own funds and with the help of nature-loving citizens. Gaikwad does not stop at tree conservation; he loves animals and birds equally. He treats injured birds at his own expense. Today, due to the "concrete jungle," sparrows are on the verge of extinction. Therefore, he is also running a campaign to save sparrows. To provide them a space in homes, he creates sparrow nests and sells them on a 'no profit, no loss' basis. Gaikwad has also started a unique experiment of a 'Nature Library' within the Devrai forest. The library houses numerous books providing information on trees, grass, bamboo, shrubs, vines, birds, animals, snakes, butterflies, and bees.

Lateral upgrade to ailing annihilation

Updated: Oct 21, 2024

Lateral upgrade to ailing annihilation

Being the first person from the private sector to be appointed as chairperson of Securities and Exchange Board of India (SEBI) as part of the government’s lateral initiative, Madhabi Puri Buch also holds the honour of being the first woman to hold the top post as capital market regulator.

But the laurels that the former private sector banker enjoyed in her earlier stint with ICICI Bank, was marred with allegations that she and her husband were having a stake in offshore entities, which were used to artificially inflate shares of Adani group companies.

Terming the allegation as `character assassination, Buch clarified that all disclosures have already been furnished and the fund in question did not invest in any securities involving the Adani group.

When it rains, it pours. This allegation was subsequently followed by Congress Party allegation that Buch had received salary and post-retirement benefits from ICICI Bank after she quit the private sector bank.

In its clarification to the stock exchanges, ICICI Bank asserted that the payments made to Buch were purely retirement benefits after her exit from the bank and they were neither salary nor employee stock options.

Prior to these allegations, Buch tenure at SEBI was all about bringing in quick reforms on operational issues by changing the format of consultation paper to bring in larger responses digitally. Being data savvy, the rationale of her decisions were democratic based on big data analysis derived from the responses received to the consultation papers.

Further she bifurcated the duties of the SEBI staff between operations and enforcement, which were done by the same persons earlier. Having worked for the private sector in the capital market domain space, Buch had a better understanding of the subject compared to officers from the administrative service in the past that reflected even in her orders as a whole-time director at SEBI before becoming the chairperson. As a whole time director at SEBI, her orders on adjudication issues were more directional to the capital market space, according to experts in the compliance space. She was also quick to revamp the old provisions of the 90s at SEBI.

Being tech and data savvy, Buch enhanced regulatory surveillance and detection of market manipulation, insider trading and fraud while also emphasizing on strengthening corporate governance by introducing stricter rules for independent directors and enhancing disclosures for related-party transactions.

To put in perspective, the annual report of the capital market regulator in the just concluded financial year revealed that the number of investigations related to insider trading jumped to 175 in 2023-24 from 85 in the preceding year while probes related to front running jumped over three times to 83 from 24 in the preceding year.

Transparency in mutual funds by implementing measures to protect retail investors along with tightening norms for initial public offers, particularly in the SME platforms were some of her other positive initiatives including confirmation of denial of any market rumours within 24 hours for the top 100 listed companies which will be extended to top 250 companies from December 1. However increased transparency and compliance with tightening regulations led to increased operational costs for the market participants and hence faced resistance from certain quarters. Born in 1966, Buch completed her primary education in Mumbai and graduated with specialization in Mathematics from Delhi and later obtained a management degree from Indian Institute of Management, Ahmedabad. In between, she got engaged to Dhawal Buch, a director at a consumer goods multinational at the age of eighteen and got married at the age of 21.

Besides ICICI Bank, Buch also worked as a lecturer at a college in England, worked at Greater Pacific Capital in Singapore and ICICI Securities as its CEO. She also worked as executive director on several private sector companies and as a consultant for New Development Bank (Brics Bank).

What now remains to be seen, is whether Buch, who survived the 26/11 terror attack when she along with her husband, was attending a meeting at Taj, be able to overcome the current ordeal. Keeping fingers crossed for the times to come.

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