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The story of the CEO who gave thousands of shares to his former teacher for helping him years ago

2021-08-07T20:34:09.482Z


When he was young, he didn't have money to travel. And his math teacher appeared on the scene.


08/07/2021 4:18 PM

  • Clarín.com

  • Dresses

Updated 08/07/2021 4:18 PM

A young man had to make an

important trip

.

Where?

He had been summoned by a university, which wanted to interview him after

admitting him

to the institution.

An impediment to reaching the destination arose:

money

.

But someone came on the scene and helped him fulfill his

desire to progress

.

Years later, the graduate

did not forget that gesture

The CEO of an Indian bank gave

away shares of the company to his former math teacher

, who in the past

loaned

him

money

to travel to college where he graduated.

The protagonist of the story is named

V. Vaidyanathan

, he was born in

Chennai

, is

52 years old

and is currently the CEO of the IDFC FIRST Bank.

In September

2020

, according to the

Indo-Asian News Service

news agency

,

the bank announced in a

regulatory filling

-presentation that companies make to a regulatory authority- that the CEO had transferred 

100,000 shares

to his

former teacher Gurdial Saroop Saini

.

Protagonist.

He is 52 years old, born in Chennai, and is the CEO of a bank.

Photo: IDFC First Bank.

A show of gratitude

"We wish to inform you that V. Vaidyanathan transferred 100,000 fully paid-up equity shares of IDFC FIRST Bank Limited held in his

personal

capacity to his former school teacher, Gurdial Saroop Saini, as a

gift

, without any consideration, as a

token of gratitude

for the help that he gave him in an earlier stage of his life, "said the presentation, quoted in the

Dainik Jagran

newspaper

-jagran.com-.

The shares were worth approximately

Rs

3,000,000

as

of October 7 -

approx.

40,000 dollars

.-, according to information from

Dainik Jagran


Indian businessman

Peri Maheshwer

, who claimed to know the CEO, revealed on his Facebook account the story behind the share donation.

"(...) I have met Vaidyanathan a few times when I was at ICICI (N. del r .: a local bank) and I noticed him as a

humble man attached to his roots

(...)", he began by writing the publication.

Birla Institute of Technology & Science.

The university where the CEO studied.

Photo: bitmesra.ac.in.

Maheshwer clarified that Vaidyanathan was admitted as a young man to the

Birla Institute of Technology & Science -

BITS, for its acronym in English.

"He did

not have the money to travel there

to appear for the interview (...). Mr. Gurdial Saini, his then mathematics teacher, loaned him

500 rupees

(...). Vaidya studied at the BITS, headquarters of Mesra and he did well in his professional life, "he said on the social network.

The businessman explained that the CEO of IDFC FIRST Bank

searched for Saini for a time

, but at that time he could not locate him because the teacher changed jobs frequently.

"A very good example"

"Many years later, thanks to a former colleague, he learned that Mr. Saini was in the city of

Agra

, called him and expressed his gratitude for the

timely help,

" Maheshwer wrote. 

Users complimented Vaidyanathan for his attitude. "A

very good example

of a humble and down-to-earth person. We want many more people like this in our society. Thank you for sharing

such positive

news

," said Sujata C. on Facebook.

Source: clarin

All news articles on 2021-08-07

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