The first Chairman of Disinvestment Commission was GV Ramakrishna.

The Disinvestment Commission, also known as the Disinvestment and Privatization Commission, was established in India in 1996 to oversee the process of disinvestment of public sector enterprises. The commission played a crucial role in the government's efforts to reduce its stake in public sector companies and promote privatization.

Background:
- The policy of disinvestment and privatization was introduced in India in the early 1990s as part of economic reforms to liberalize the economy and reduce the role of the government in business.
- The Disinvestment Commission was set up to provide guidance and recommendations on the disinvestment process to the government.

GV Ramakrishna:
- GV Ramakrishna was the first Chairman of the Disinvestment Commission.
- He was a retired Indian Administrative Service (IAS) officer and had served in various important positions in the government, including as the Chief Secretary of Andhra Pradesh.
- Ramakrishna was known for his expertise in economic and financial matters, which made him well-suited for the role of leading the disinvestment process.

Role and Responsibilities:
- As the Chairman of the Disinvestment Commission, Ramakrishna was responsible for formulating strategies and plans for the disinvestment of public sector enterprises.
- He worked closely with the government and other stakeholders to identify suitable candidates for disinvestment and develop a roadmap for the process.
- Ramakrishna also played a key role in evaluating the financial and operational performance of public sector companies and determining the appropriate mode of disinvestment, such as strategic sale, public offering, or employee stock ownership plans.

Impact and Legacy:
- Under Ramakrishna's leadership, the Disinvestment Commission made significant progress in the disinvestment process.
- Several public sector companies, including Bharat Aluminium Company (BALCO) and Hindustan Zinc Limited (HZL), were successfully disinvested during his tenure.
- The disinvestment policy led to a reduction in the government's fiscal burden, increased efficiency and competitiveness in the privatized companies, and attracted private investment in the Indian economy.

Conclusion:
GV Ramakrishna, as the first Chairman of the Disinvestment Commission, played a crucial role in formulating and implementing the disinvestment policy in India. His expertise and leadership contributed to the success of the disinvestment process, paving the way for further privatization and economic reforms in the country.