March 1st 2025.
On Saturday, Tuhin Kant Pandey, a seasoned bureaucrat, officially took on his role as the new SEBI Chairman. In his inaugural address, he expressed his commitment to transparency and teamwork, and acknowledged the efforts of his predecessors in building SEBI into a robust market institution.
When asked about his specific plans and leadership style, Pandey declined to comment on any individual or reveal his agenda. He emphasized the importance of trust, transparency, teamwork, and technology as the key pillars of SEBI's success and promised to continue building upon them to make it one of the best market institutions in the world.
Pandey also acknowledged the recent turmoil at SEBI, where employees had raised concerns against the previous management. He assured that under his leadership, the team will work towards the growth and development of SEBI as a great institution.
Dressed in a dark blue blazer and striped shirt, Pandey arrived at the SEBI headquarters in Mumbai's business district. He was warmly welcomed by all four whole time members of the regulator and will serve a three-year term as the SEBI Chairman.
Pandey takes charge at a challenging time, with the markets facing bearish pressure due to the withdrawal of Foreign Institutional Investors. As someone with extensive experience in the Ministry of Finance, he is well-equipped to handle the current economic situation.
Prior to his role as SEBI Chairman, Pandey served as the longest-serving secretary in the Department of Investment and Public Asset Management and played a crucial role in the framing of the 2025-26 Budget and the drafting of the new Income Tax Bill. He was also involved in the privatization of Air India and its sale to the Tata Group.
Pandey holds an MA in economics from Punjab University and an MBA from the University of Birmingham. Throughout his career in both the government of Odisha and the government of India, he has held various positions in different departments, showcasing his diverse skill set and experience.
In conclusion, Pandey's leadership at SEBI is expected to bring stability and growth to the market institution, thanks to his extensive knowledge and expertise in the field of finance and management.
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