Tuhin Kanta
Table of Contents
On February 27, 2025, the Government of India appointed Tuhin Kanta Pandey as the 11th Chairperson of the Securities and Exchange Board of India (SEBI), succeeding Madhabi Puri Buch, whose tenure concluded on February 28, 2025. citeturn0news10
Background and Career of Tuhin Kanta Pandey
Tuhin Kanta Pandey is a 1987-batch Indian Administrative Service (IAS) officer from the Odisha cadre. He holds a Master of Arts degree in Economics from Punjab University, Chandigarh, and an MBA from the United Kingdom. citeturn0search5
Throughout his distinguished career, Pandey has held several significant positions:
- Executive Director & Managing Director: He served in these roles at the Odisha State Finance Corporation (OSFC) and the Odisha Small Industries Corporation (OSIC).
- Collector and District Magistrate: He managed the Sambalpur district, overseeing administrative functions.
- Deputy Secretary: He worked in the Department of Commerce at the Government of India and was deputed to the Regional Office of the United Nations Industrial Development Organisation (UNIDO).
- Special Secretary: He served in the General Administration Department of Odisha.
- Transport Commissioner: He managed transportation policies and infrastructure in Odisha.
- Health Secretary: He was responsible for health services and policies in Odisha.
- Commissioner of Commercial Taxes: He oversaw tax administration in Odisha.
- Joint Secretary: He served in the Planning Commission and the Cabinet Secretariat of India.
- Principal Secretary: He led the Finance Department of Odisha, focusing on financial management and policy implementation.
In September 2016, Pandey was appointed as the Principal Secretary of the Finance Department in the Government of Odisha, a position he held until his appointment as Finance Secretary in September 2024. citeturn0search5
Role and Significance of SEBI
Established in 1988 and granted statutory powers in 1992, SEBI is the regulatory authority for the securities and commodity markets in India. Its primary objectives include protecting investor interests, promoting the development of the securities market, and regulating its functioning. citeturn0search16
As the new Chairperson, Pandey is expected to continue SEBI’s mission of fostering a transparent, efficient, and robust securities market in India.
Transition from Madhabi Puri Buch
Madhabi Puri Buch, who served as SEBI’s first woman Chairperson from March 2022 to February 2025, implemented significant regulatory changes during her tenure. These included stricter rules for India’s derivatives markets, advocating safer small investment options, and enforcing stringent corporate and fund house disclosures. citeturn0news10
Pandey’s appointment marks a new chapter for SEBI, with expectations of continued progress in market regulation and investor protection.
For more information, you can watch the following video:
videoReplaces Madhabi Puri Buch as SEBI Chief | News9turn0search0
