Finance Secretary Tuhin Kanta Pandey Appointed as the new SEBI Chairman

• The first woman to lead SEBI, Madhabi Puri Buch ends her tenure on 27th February 2025.
• Tuhin Kanta Pandey, 1987 batch officer from Odisha Cadre named as the new chairman of SEBI
• Pandey is known for his strict rules and clean image.
• In the framing of the 2025-26 Budget, Pandey played a pivotal role which gave tax reliefs with a total of INR 1 lakh crore to the middle class.
• Mr. Pandey played a crucial role in the privatization of Air India, which was sold to the Tata group for INR 18,000 crore.

Mumbai/Delhi, 28th February 2025: Tuhin Kanta Pandey, an officer from the Odisha cadre batch 1987 has been appointed as the new chairman of SEBI(Securities and Exchange Board Of India) by the government. Pandey is all set to lead the market regulation after succeeding the current chairperson, Madhabi Puri Buch who is the first woman to lead SEBI. She is a former ICICI bank executive who was involved in several controversies, including the allegation of conflict of interest. The IAS officer has served as a secretary in the Department of Investment and Public Assets Management(DIPAM) for a tenure of 5 years.

During his tenure at DIPAM, Pandey played a key role in the privatization of Air India which was sold to the highest bidder, Tata Group for INR 18,000 crore. He was also involved in the privatization plans of IDBI Bank which is currently going under the due diligence process. Issues that surfaced during Puri Buch's tenure came to light when Sebi employees held a demonstration at the agency’s BKS headquarters where it was seen as a revolt against the new HR policies. Pandey would face it challenging to restore the confidence among stakeholders that the Sebi chief is impartial.

About Tuhin Kanta Pandey

Pandey pursued his Master’s degree in Economics from Punjab University, Chandigarh, and holds an MBA degree from the University of Birmingham, UK. Throughout his journey as an IAS officer, Pandey has played significant roles in both the Union government and the State government of Odisha.

In the Union government, his positions include joint secretary, Cabinet Secretariat, and Planning commission (presently NITI Ayog). At an early stage of his career, Pandey served as the administrative head in the departments of health, general administration, commercial taxes, transport, and finance. Tuhin Kanta Pandey is known to be strict against his rules and has a very clear image.

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