1987-batch IAS officer Tuhin Kanta Pandey has taken charge as Chairman of the Securities and Exchange Board of India (SEBI) in Mumbai. After taking the charge, he highlighted four objectives of the SEBI under his Chairmanship. “We work for trust, we work for transparency, we work for teamwork, and we work for technology. We will continue to create one of the best market institutions in the world,” he said.
“SEBI is a very robust market institution. It has been built over the years with successive leadership and will continue with it,” said Pandey, adding, “We (SEBI) hold the trust of the people of India. We hold the trust of the Parliament of India. We hold the trust of the government, we hold the trust of the investors, and we hold the trust of the industry. Trust is very important, and we’ll all look forward.”
Pandey took the charge as the head of India’s market watchdog at a very challenging time. The Indian equity markets are currently facing massive pressure due to the consistent withdrawal of funds by foreign investors.
Union ministry of Personnel, Public Grievances and Pensions issued an order on February 27, appointing Pandey as the 11th chairperson of the Securities and Exchange Board of India (SEBI) for a three-year term.
Who Is New SEBI Chief Tuhin Kanta Pandey?
Tuhin Kanta Pandey holds a Master’s degree in Economics from Punjab University in Chandigarh, as well as an MBA from the University of Birmingham in the UK.
Moreover, Pandey became India’s finance secretary in September 2024. He has served as secretary in various key departments, including the Department of Public Enterprises (DPE) and the Department of Investment & Public Asset Management (DIPAM), both under the Ministry of Finance. He also held the position of secretary in the Department of Personnel and Training.
Not only that, but he played a crucial role in shaping the Budget 2025, which provided tax relief to the middle class. Furthermore, he was also at the forefront in drafting the new Income Tax Bill. Pandey also played a key role in privatizing Air India.
