Tuhin Kanta Pandey, appointed new SEBI Chief: Tuhin Kanta Pandey, a senior Indian Administrative Service (IAS) officer from the Odisha cadre (1987 batch), has been appointed as the new Chairman of the Securities and Exchange Board of India (SEBI). He is set to replace Madhabi Puri Buch and will lead the country¡¯s top financial regulatory body for a three-year term. Madhabi is the first woman chief of the capital markets regulator on March 2, 2022.
Before taking over as SEBI chief, Tuhin Kanta Pandey served as the Finance Secretary of India. He assumed this role in September 2024 after the position became vacant following TV Somanathan's promotion to Cabinet Secretary. His extensive experience in handling public finances and economic policies has made him a key figure in the Indian financial landscape.
Pandey has had an illustrious career in both the state and central governments, holding several significant positions, including:
Tuhin Kanta Pandey has a strong academic background that has helped shape his financial acumen:
As one of the longest-serving secretaries in DIPAM, Pandey played a significant role in managing government stakes in public sector enterprises. Some of his key contributions include:
Privatisation of Air India: He played a leading role in the sale of Air India to the Tata Group, marking one of India¡¯s most significant disinvestment moves.
Privatisation of IDBI Bank: Oversaw the bank¡¯s privatisation process, which is still underway as potential bidders assess the deal.
During his tenure as Finance Secretary, Pandey was involved in crucial policy decisions, including:
2025-26 Budget Planning: He was instrumental in shaping the Union Budget, which provided Rs 1 lakh crore in tax relief for the middle class.
Public Sector Financial Management: Led reforms to improve the financial performance of public sector units.
Economic Strategy Development: Advised the Finance Minister on fiscal policies and economic strategies.
With his huge experience in public finance, investment management, and disinvestment policies, Pandey is expected to bring strong financial governance to SEBI. His leadership will focus on:
| S.No. | Name | Tenure |
|---|---|---|
| 1 | Tuhin Kanta Pandey | 1st March, 2025 - Incumbent |
| 2 | Madhabi Puri Buch | 28th February 2022 to 1st March 2025 |
| 3 | Shri Ajay Tyagi | 01st March 2017 to 28th February 2022 |
| 4 | Shri U.K. Sinha | 18th February 2011 to 01st March 2017 |
| 5 | Shri C.B. Bhave | 19th February 2008 to 17th February 2011 |
| 6 | Shri M. Damodaran | 18th February 2005 to 18th February 2008 |
| 7 | Shri G.N. Bajpai | 20th February 2002 to 18th February 2005 |
| 8 | Shri D.R. Mehta | 21st February 1995 to 20th February 2002 |
| 9 | Shri S.S. Nadkarni | 17th January 1994 to 31st January 1995 |
| 10 | Shri G.V. Ramakrishna | 24th August 1990 to 17th January 1994 |
| 11 | Dr. S.A. Dave | 12th April 1988 to 23rd August 1990 |
Tuhin Kanta Pandey¡¯s appointment as the new SEBI chief marks a significant moment in India¡¯s financial sector. With his deep understanding of economic policies, financial management, and governance, he is well-equipped to lead SEBI into a new era of regulatory excellence. His vast experience in handling government investments and public sector enterprises makes him a strong choice for this role. As he takes charge, stakeholders in India¡¯s stock markets and financial institutions will closely watch his policy decisions and reforms.
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