New Sebi chairman Tuhin Kanta Pandey on his priorities, as Madhabi Puri’s term ends today | Watch 2025 best

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Tuhin Kanta

On February 28, 2025, Tuhin Kanta Pandey was appointed as the 11th Chairperson of the Securities and Exchange Board of India (SEBI), succeeding Madhabi Puri Buch, who completed her three-year tenure as SEBI’s first woman chairperson. citeturn0search8

Background and Experience

Pandey, a 1987-batch Indian Administrative Service (IAS) officer from the Odisha cadre, holds a Master of Arts in Economics from Punjab University and an MBA from the University of Birmingham, UK. citeturn0search4

Throughout his distinguished career, he has held several key positions:

• Finance Secretary and Secretary, Department of Revenue: As Finance Secretary, Pandey played a pivotal role in shaping India’s fiscal policies and managing the Ministry of Finance’s operations. He was instrumental in framing the 2025-26 Union Budget, which provided tax reliefs amounting to ₹1 lakh crore for the middle class. Additionally, he contributed to drafting a new Income Tax Bill aimed at replacing the 64-year-old Income Tax Act of 1961. citeturn0search4
• Secretary, Department of Investment and Public Asset Management (DIPAM): During his tenure at DIPAM, Pandey advanced disinvestments of Central Public Sector Enterprises (CPSEs) and implemented the Public Sector Enterprises (PSE) policy, which sought to minimize the government’s presence in PSEs across various sectors. He was instrumental in the privatization of Air India, overseeing its sale to the Tata Group in January 2022. citeturn0search8
• Secretary, Department of Public Enterprises (DPE): In this role, he managed government equity in public sector enterprises and played a crucial role in public sector management. citeturn0search4

Priorities as SEBI Chairperson

Upon his appointment, Pandey expressed his intention to outline his priorities after assuming office. He stated, “I just got the order yesterday and government has given the responsibility. I will go there and join and I’ll make out when I will go.” Regarding the current condition of the financial market, he remarked, “I think I’ll not speak at this moment, let me take over.” citeturn0search0

Given his extensive background in finance and public sector management, it is anticipated that Pandey will focus on:

• Strengthening Market Regulations: Enhancing the robustness of market regulations to ensure transparency, fairness, and efficiency in India’s financial markets.
• Investor Protection: Implementing measures to safeguard investor interests, thereby boosting confidence in the capital markets.
• Overseeing Capital Market Reforms: Driving reforms aimed at modernizing and streamlining capital market operations to align with global best practices.

Industry Perspective

The appointment of Tuhin Kanta Pandey has been well-received by industry experts. The CEO of HDFC Asset Management Company remarked that Pandey is the “right choice” for the role, citing his financial expertise and experience in handling government finances and investments. citeturn0search6

Conclusion

Tuhin Kanta Pandey’s appointment as SEBI Chairperson marks a significant development in India’s financial regulatory landscape. His extensive experience in finance and public sector management positions him to effectively lead SEBI in strengthening market regulations, protecting investors, and overseeing capital market reforms. The industry anticipates that his leadership will contribute to the continued growth and stability of India’s financial markets.