Govt appoints Finance Secretary Tuhin Kanta Pandey as SEBI chief for a three-year term

Pandey will succeed Madhabi Puri Buch, whose tenure as SEBI Chairperson concludes on February 28.

Prior to this appointment, Pandey served as the Finance Secretary of India, a position he assumed in September 2024 after TV Somanathan’s promotion to Cabinet Secretary.

During his distinguished career, Pandey has held several key positions, including heading the Department of Public Enterprises (DPE) and the Department of Investment and Public Asset Management (DIPAM). He is particularly noted for overseeing the landmark sale of Air India and the public listing of LIC.

Tuhin Kanta Pandey to replace Madhabi Buch

Madhabi Puri Buch took over as SEBI Chairperson on March 2, 2022, after serving as a Whole-Time Member (WTM) at SEBI from April 2017 to March 2022.

Also Read: Who is Tuhin Kanta Pandey, the new SEBI chief to succeed Madhabi Puri Buch?Buch’s tenure was marked by regulatory challenges and controversies, including allegations from short-seller Hindenburg Research regarding her alleged investments in offshore funds linked to the Adani Group, along with accusations of violations of SEBI’s code of conduct. However, these claims were not substantiated.Pandey, as Finance Secretary, played a key role in advising the Finance Minister on policy matters, managing the ministry’s operations, and representing the ministry before the Public Accounts Committee of Parliament. He was instrumental in shaping India’s fiscal and economic strategies. Now, as SEBI Chairperson, he brings his extensive experience in financial management and governance to the top regulatory body.

Pandey holds an MA in Economics from Panjab University, Chandigarh, and an MBA from the UK. His career includes significant administrative roles in both the Odisha state government and central government. He has served as District Collector in Sambalpur, Deputy Secretary in the Ministry of Commerce, and held various positions in sectors such as health, transport, and commercial taxes. Pandey was also Joint Secretary at the Planning Commission and briefly served as Secretary in the Ministry of Civil Aviation in 2021.

Pandey’s appointment marks a new chapter in his illustrious career, and his leadership is expected to guide SEBI in navigating the dynamic financial landscape.