DK Business News
On March 1, 2025, Tuhin Kanta Pandey, a senior Indian Administrative Service (IAS) officer of the 1987 Odisha cadre, assumed office as the 11th Chairman of the Securities and Exchange Board of India (SEBI). He succeeds Madhabi Puri Buch, the first woman to lead SEBI, whose tenure ended on February 28, 2025. His appointment comes at a crucial time as SEBI continues its efforts to enhance market transparency, investor protection, and regulatory compliance.
Prior to his appointment, Pandey held the position of Finance Secretary of India, playing a pivotal role in shaping economic and financial policies. His tenure as Secretary of the Department of Investment and Public Asset Management (DIPAM) was marked by significant contributions to India’s disinvestment strategy, overseeing major divestment initiatives and policy reforms. His expertise in financial governance and capital markets makes him a suitable choice to lead SEBI at a time when regulatory scrutiny and investor confidence remain central to market stability.
Madhabi Puri Buch’s leadership was characterized by an emphasis on technological advancements, data-driven surveillance, and stringent regulatory measures. Under her tenure, SEBI implemented several reforms aimed at curbing market manipulation and improving disclosure norms. However, her tenure also witnessed challenges, including scrutiny over SEBI’s handling of investigations concerning the Adani group, allegations that were subsequently denied by both SEBI and the Adani group. The regulatory body has completed its investigations, with final orders awaiting release.
Upon assuming office, Pandey highlighted his commitment to strengthening SEBI’s institutional framework through the principles of trust, transparency, teamwork, and technology. He emphasized the need to continue building world-class market institutions in India, ensuring a regulatory environment that fosters investor confidence and market integrity. With a strong background in financial administration, Pandey’s leadership is expected to reinforce SEBI’s role as a vigilant market regulator, balancing market growth with robust oversight.