Tuhin Kanta Pandey took over on Saturday afternoon as the 11th Chairperson of the Securities and Exchange Board of India (SEBI), which led to a significant change at the top of the market regulator.
Pandey’s appointment comes when Indian capital markets face important challenges, with the withdrawal of foreign institutional investors (FII) 1 trillion from the beginning of 2025.
Pandey, an Indian Administrative Service (IAS) officer of the Odisha cadre, was appointed as Sebi Chairperson on 27 February, making Madibi Puri Buch a success, the term ended on February 28.
Pandey’s appointment is scheduled for the initial period of three years.
Speaking to the press after charging, Pandey expressed his confidence in the Robust Foundation of SEBI built over the years of leadership. “SEBI is a very strong market institute. It has been built with gradual leadership for years and will continue with it. We believe in people, parliament, government, investors and industry. The trust is very important,” he said.
Pandey underlined the four major objectives that would guide his tenure. “I have to say that SEBI has got four objectives: faith, transparency, teamwork and technology. I think these four elements make it special, and we have made one and will continue to build one of the world’s best market institutions, for which we will all be proud.”
When asked about his predecessor, Butch and the leadership style of his plans, Pandey avoided commenting. “We are not going to comment on anything, or on any style. I said that we are team here, and this team will work with other teams: media, employees, investors and industries. It is a stakeholder institution. We work together, and we build it. We have created such a good institution, and we will continue our contribution in its development. ,
Pandey’s immediate work includes steering sebi through market instability led by FII Exodus. Pandey brings extensive experience, first served as Finance Secretary and Secretary of Revenue Department. He has played an important role in major government initiatives including disinvestment of public sector enterprises and privatization of Air India.
