“Today is an important day to ask what is our path forward? Our collective resolve is unmistakable. We will collaborate to innovate for market development so that capital formation contributes to faster economic growth. We will continue to invest in technology-led oversight,” Pandey said.
Finance Minister Nirmala Sitharaman was also present in this program.
Pandey said SEBI will work to strengthen the governance and risk management framework and capabilities while emphasizing the role of other market stakeholders.
“At this point, it is also important to recognize that markets are not created by regulators alone. Industry participants must move beyond compliance with a deep commitment to fairness, integrity and innovation. Intermediaries must recognize that they are often the first point of trust.
Investors Sebi chief said, investors should be aware and responsible in their participation.
Indian markets have shown strong resilience despite global uncertainties such as geopolitical tensions and rapid technological change, reflecting years of institution-building and strong regulation, Pandey said. Completing 38 years of the Securities and Exchange Board of India, he highlighted the evolution of Sebi’s open cry system to a technology-driven, transparent and globally integrated market through reforms such as demonetisation, screen-based trading and improved risk management.
He noted that India’s markets today are defined not only by scale — with more than 5,900 listed companies, 140 million investors and a steady growth in market cap and mutual funds — but also by increasing retail participation and digital adoption. Pandey emphasized that this growth brings additional responsibility to balance innovation with investor protection and sustainable development.
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He added that recent reforms have focused on simplifying business, strengthening investor protection and improving efficiency, while SEBI is also enhancing internal capabilities through technology, data analytics and governance reforms to meet the evolving demands of modern financial markets.
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