Tuhin Kanta Pandey, the new chair of Sebi, takes charge, the goal is to make the regulator the best market organization

Tuhin Kanta Pandey on Saturday took over as the 11th Chairman of the Securities and Exchange Board India F India (SEBI). Career bureaucrats who have served as Finance Secretary so far changed Madhabi Puri Butch, which ended 3 -year tenure on Friday. He has been appointed for three years.

Pandey told the media that Sebi is a strong market organization and is constantly developing and aims to make it the best market organization.

He further said that Sebi believed in investors on the basis of Parliament, government, industry and four pillars. Trust, transparency, team work and technology.

He was appointed by the government on Thursday, February 27, by the notice of the Cabinet (ACC) appointed committee.

Pandey, an IAS officer of the 1987 batch of Odisha cadre, has taken over the government’s major positions in the government. He was appointed as Finance Secretary in September 2024, the next TV Somathan, who was given the Cabinet Secretary. Prior to that, he led the Public Enterprise (DPE) and the Department of Investment and Public Asset Management (DIPAM).

Also Read: Sebi allows special investment funds for wealthy people, which starts at 1 million effective from April 1.

Pandey also brings the experience of economic policy and financial administration. As Finance Secretary, he played a key role in drafting India’s new income tax bill and shaping policies to accelerate economic development. Now, it has been assigned to the steering Sebi function by the developed financial landscape, balancing investors’ protection with market growth.

Pandey moves in the role as the Indian stock market faces bearish pressure due to continuous withdrawal by foreign institutional investors (FIIs). Foreign Portfolio Investors (FPI) will pay Rs. More than 1.13 lakh crore have been pulled.

New Sebi Chief: Educational Background and Career

Pandey in Punjab University, Chandig FROM and MBA economics from the UK. His career Odisha has significant administrative roles in both the state government and the central government.

He has served as the District Collector in Sambalpur, the Deputy Secretary of the Ministry of Commerce, and took over various positions in areas such as health, transport and commercial taxes.

He was a joint secretary in the Planning Commission before his leadership role in Dipam, where he managed a major disinvestment initiative. His tenure also includes short -term secretary in the Civil Aviation Ministry in 2021.

Speaking of Butch, his tenure was marked by the allegations of interest and investment in SH Fashore funds linked to Adnis. She made history as Sebi’s first woman president. During its tenure, the integrity of the market, investors focuses on defense and regulatory efficiency. Former SEBI board member, Butch emphasized transparency and governance reforms strengthening India’s financial markets.

For his credit, he also introduced several steps to reduce speculative trade activity in India’s derivatives market.

(Connection: The recommendations, suggestions, opinions and opinions provided by experts have their own. This does not represent opinions of economic time)