Tuhin Kanta Pandey Appointed as SEBI Chairman

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Posted by BluraAirport-Admin on 2025-02-28 10:38:34 |

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The Indian government has appointed Finance and Revenue Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI), replacing Madhabi Puri Buch, whose tenure ends on February 28, 2025. The appointment was approved by the Appointments Committee of the Cabinet and is initially for three years from the date he assumes charge.  

Mr. Pandey, an Odisha-cadre IAS officer from the 1987 batch, is currently the seniormost officer in the Ministry of Finance overseeing the Department of Revenue. He has played a crucial role in shaping financial policies, including the 2025-26 Budget, which provided tax relief of ₹1 lakh crore to the middle class. He also contributed to drafting the new Income Tax Bill, which aims to replace the existing Income Tax Act of 1961.  

Before his role in the Revenue Department, Mr. Pandey was the longest-serving Secretary of the Department of Investment and Public Asset Management (DIPAM), where he led key disinvestment initiatives. Notably, he played a central role in the privatization of Air India, which was acquired by the Tata Group for ₹18,000 crore in 2022. He also managed the privatization process of IDBI Bank, with bidders currently undergoing due diligence. His tenure in DIPAM focused on reducing government involvement in public sector enterprises in line with India's economic liberalization policies.  

As he takes over SEBI, Mr. Pandey faces the challenge of stabilizing Indian financial markets amid significant foreign portfolio investor (FPI) withdrawals, which have exceeded ₹1 lakh crore since January 2025. The stock markets have been under pressure due to global economic uncertainties and investor concerns.  

Mr. Pandey holds a Master’s degree in Economics from Punjab University, Chandigarh, and an MBA from the University of Birmingham, UK. His extensive career spans various government roles at both the state and central levels, including positions in health, transport, finance, commerce, and economic planning. His experience in financial and economic policymaking will be crucial as he takes charge of SEBI, which plays a vital role in regulating India's capital markets.

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