India
Finance Secretary Tuhin Kanta Pandey has been appointed as the new chairman of the Securities and Exchange Board of India (SEBI) for a three-year term. The appointment, approved by the Appointments Committee of the Cabinet, marks a significant leadership change in India’s market regulatory body.
According to an official government order, “The Appointments Committee of the Cabinet has approved the appointment of Shri Tuhin Kanta Pandey, IAS (OR:1987), Finance Secretary and Secretary, Department of Revenue to the post of Chairman, Securities and Exchange Board of India (SEBI), initially for a period of three years from the date of assumption of charge of the post or until further orders, whichever is earlier.”
SEBI’s leadership transition
Tuhin Kanta Pandey will take over from Madhabi Puri Buch, whose tenure as SEBI chairperson ends on March 1, 2025. Buch made history as the first woman to lead SEBI when she took office on March 2, 2022. Before her, Ajay Tyagi served as chairman from March 2017 to February 2022, following UK Sinha’s six-year tenure.
Who is Tuhin Kanta Pandey?
Before his appointment as SEBI chairman, Tuhin Kanta Pandey held several key positions in the Indian government. He served as the secretary in the Department of Public Enterprises (DPE) and the Department of Investment & Public Asset Management (DIPAM), both under the Ministry of Finance. His expertise in managing public assets and economic policies made him a key figure in India’s financial governance.
In September 2024, Pandey was appointed as India’s finance secretary. He later assumed charge as secretary of the Department of Revenue, Ministry of Finance, in January 2025. His deep understanding of economic regulations and policy frameworks has been instrumental in shaping India’s fiscal strategies.
A key role in India’s financial sector
During his tenure as finance secretary, Pandey played a crucial role in advising the finance minister on policy matters, managing financial operations, and representing the ministry before the Public Accounts Committee of Parliament. His leadership at SEBI is expected to bring strategic direction to India’s stock market and financial regulations.
As SEBI’s new chairman, Pandey’s focus will likely be on strengthening market regulations, ensuring investor protection, and overseeing India’s evolving financial landscape. His experience in economic governance will be crucial in navigating challenges in the stock market and financial sector reforms.
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