The Centre appointed Finance Secretary Tuhin Kanta Pandey as the new chairman of the Securities and Exchange Board of India (SEBI), succeeding Madhabi Puri Buch, whose term ends this month. Pandey assumes the role for three years, aiming to expand financial investment options while addressing market volatility and malpractice. Previously, he served as the longest-serving divestment secretary, overseeing significant transactions like the listing of Life Insurance Corp. of India and the sale of Air India to Tata Group. He holds master’s degrees in economics and business administration from Panjab University and the University of Birmingham.
The government appointed Finance Secretary Tuhin Kanta Pandey on Thursday as the new chief of the market regulator, succeeding Madhabi Puri Buch, whose tenure concludes this month.
According to a government order, Mr. Pandey has been designated as the chairman of the Securities and Exchange Board of India (SEBI) for a term of three years.
He takes charge during a period when the market regulator is focusing on broadening the array of regulated financial investment products for investors while also striving to mitigate volatility and malpractice within the derivatives market.
Mr. Pandey was appointed finance secretary in September 2024, in addition to his responsibilities overseeing the divestment department. He holds the distinction of being the longest-serving divestment secretary, a position he maintained for over five years, during which he oversaw the listing of the nation’s largest insurer, Life Insurance Corporation of India.
Furthermore, he played a key role in the successful sale of Air India to the Tata Group.
As the pace of privatisation slowed, Mr. Pandey emphasized value creation within state-owned companies, urging them to enhance their returns and increase accountability.
In his capacity as the country’s finance and revenue secretary starting January 2025, Mr. Pandey advocated for reductions in import duties on high-end motorcycles as India aimed to shed its protectionist image.
He possesses master’s degrees in economics and business administration from Panjab University and the University of Birmingham.
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