https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Meet IAS Tuhin Kanta Pandey, the New Chairman of SEBI for Three-Year Term

The Appointment Committee of the Cabinet has approved Pandey's appointment, effective from the date he assumes charge or until further orders, whichever is earlier.
Indian Masterminds Stories

In a significant development, 1987 batch senior IAS officer Tuhin Kanta Pandey, from Odisha cadre, has been appointed as the Chairman of the Securities and Exchange Board of India (SEBI) for a three-year term.

Mr Pandey, who is currently serving as Finance Secretary and Revenue Secretary, will succeed Madhabi Puri Buch, whose tenure concludes on February 28, 2025.

The announcement was made through an order issued by the Department of Personnel and Training (DoPT) on Thursday, February 27, 2025. The Appointment Committee of the Cabinet has approved Pandey’s appointment, effective from the date he assumes charge or until further orders, whichever is earlier.

Crucial Time

His appointment comes at a challenging time for the market, with the impact of tariffs triggered by Donald Trump causing a continued sell-off by foreign portfolio investors (FPIs). So far, FPIs have withdrawn more than ₹1 lakh crore in 2025 alone, a substantial amount that reflects the prevailing bearish sentiment in the market. On Saturday morning, the BSE Sensex and NSE Nifty, the benchmark indices of Indian markets, dropped sharply following the latest US announcement of an additional 10 percent tariff on Chinese goods.

Who is IAS Tuhin Kanta Pandey?

Mr Pandey led the divestment department in addition to serving as the Finance Secretary, where he oversaw the market listing of LIC and the sale of Air India to Tata. The incoming SEBI chairman also played a key role in preparing the most recent Union Budget, which was widely praised for its middle-class-friendly, populist approach.

Pandey holds two post-graduate degrees – an MA in Economics from Panjab University and an MBA from the University of Birmingham. Early in his career, he served as the Executive Director of the Odisha State Finance Corporation (OSFC) and the Managing Director of the Odisha Small Industries Corporation (OSIC). He also held the position of Collector and District Magistrate of Sambalpur district.

After his tenure as Deputy Secretary in the Union Government’s Department of Commerce, Pandey was deputed to the Regional Office of the United Nations Industrial Development Organization (UNIDO). He later took on roles as the Health Secretary and Commissioner of Commercial Taxes. In 2009, he became the Joint Secretary at the Planning Commission.

After serving a five-year term, he was appointed Joint Secretary in the Cabinet Secretariat. In September 2016, Pandey took office as the Principal Secretary of the Finance Department in the Government of Odisha.

The other contenders

The appointment of Pandey to this prestigious role follows his selection from a pool of key contenders. The other contenders included Ajay Seth (IAS: 1987: KN), Secretary of the Department of Economic Affairs; Pankaj Jain (IAS: 1987: AM), Secretary of the Ministry of Petroleum & Natural Gas; Ashwani Bhatia, Whole-Time Member of SEBI; and Anand Mohan Bajaj (IA&AS: 1990), Deputy Comptroller and Auditor General and former SEBI Member.

Pandey, along with Seth and Jain, was highlighted as a frontrunner in the race, and his appointment solidifies his leadership in overseeing the functioning of India’s capital markets.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
IAS Mugdha Sinha
Who Is IAS Mugdha Sinha, the New MD of India Tourism Development Corporation?
Reserve-Bank-of-India_RBI_resized
RBI Directs Banks to Ensure ATMs Dispense Rs 100 and Rs 200 Notes
Central Bank of India
Central Bank of India Q4 Profit Rises 28% to ₹1,034 Crore, Asset Quality Improves
Renewable Energy
India Can End Coal Imports by 2029, Save $66 Billion with 50-GW Annual Renewable Push: Report
IAS Sanjeev Hans
IAS Sanjeev Hans Accused of ₹1 Crore Bribe for Favourable NCDRC Settlement, Says ED
telangana-police-resized
Race for Telangana DGP Heats Up as Govt Sends List of 7 IPS Officers to UPSC
IFS sameer rastogi
Who Is Sameer Rastogi, the Newly Appointed Chief of Himachal Pradeh Forest Dept?
ChhattisgarhGovt_resized
35 IFS Officers Transferred in Chhattisgarh, Pranay Mishra Made Joint Secy of Forest Dept, Arvind PM DFO Raigarh
ADVERTISEMENT
ADVERTISEMENT
Videos
Aakash Garg
Computer Engineer Aakash Garg Takes AIR-5 in UPSC CSE 2024 Through Sheer Discipline And Hard Work | Exclusive
Sandeep M Tamgadge
How IPS Sandeep M Tamgadge’s Journey Can Guide Your UPSC Preparation
Shivang Tiwari UPSC
No Icons to Follow Just the Urge to Solve Real Problems | Shivang Tiwari 
ADVERTISEMENT
UPSC Stories
Aakash Garg
Computer Engineer Aakash Garg Takes AIR-5 in UPSC CSE 2024 Through Sheer Discipline And Hard Work | Exclusive
His homemaker mother feels like a celebrity. Businessman father is on cloud 9. Yet, Akash Gang is grounded....
Banna Venkatesh
Banna Venkatesh – From Srikakulam Fields to UPSC Glory: AIR 15 UPSC Topper 2024
From AIR 467 in his first attempt to AIR 15 in his second, Banna Venkatesh’s journey shows what belief...
Sandeep M Tamgadge
How IPS Sandeep M Tamgadge’s Journey Can Guide Your UPSC Preparation
IPS officer Sandeep M. Tamgadge shares his unique journey of attending the LBSNAA foundation course three...
Social Media
Rajan Singh Ex-IPS
Ex-IPS Officer Rajan Singh Shares Powerful Insight on Influence through Action
Mr. Rajan Singh is an ex-IPS officer of the 1997-batch (Kerala cadre) and founder of HabitStrong Org...
Exam Student Aspirant
'Bramhastra' For Aspirants Appearing for UPSC Prelims Exam 2025, ICLS Officer Altap Shaikh Shares Final Month Strategy
Officer Shaikh's practical and focused suggestions come as a timely morale booster for thousands of candidates...
GozJlgrXYAAHoKv
Murals for Cleanliness: Thoothukudi District Launches Art-Inspired Sanitation Drive in Panchayats
Local artists add colour and messages to village walls, promoting hygiene and community pride
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IAS Mugdha Sinha
Who Is IAS Mugdha Sinha, the New MD of India Tourism Development Corporation?
Arjit Sen Thakur IPS
Himachal Pradesh Disaster Response Force Emerges National CSRR Champion
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Aakash Garg
Sandeep M Tamgadge
Shivang Tiwari UPSC
ADVERTISEMENT
ADVERTISEMENT