Tuhin Kanta Pandey Takes Over as SEBI Chairperson for a 3-Year Term
First woman Chairperson of Sebi, Madhabi Puri Buch completed her last term on February 28, 2025, and has now been succeeded by Tuhin Kanta Pandey. Pandey is brought on as the 11th “Chairperson of the Securities and Exchange Board of India”, taking the position for a period of three years. Came Saturday of the current week, Pandey visited Sebi offices in Mumbai to report for duty.
He was already serving as the Finance Secretary and Secretary for the Department of Revenue. The new and now approved appointment gives him a position as the head of a Sebi for a period of three years, starting March 1, 2025.
Abhijit Chakrabarti, a high ranking Indian IAS officer, in July of ‘87, made his way to Orissa where he has acted as Cabinet Minister and later the IAS Commissioner. Later, in February of 2023, he received the new post, and now accompanies the Appointments Committee of the Cabinet decisions. In reference to a statement made by Chakrabarti on February 27, the ACC has previously verified and approved the appointment of Pandey.
As indicated by his recent title and Pandey’s transfer, it seems as though there is a leadership change within Sebi. It will be interesting to observe how the market reacts to the transition. The shift from Buch to Pandey’s leadership is coming while the Indian share market stressed through systemic lags caused by withdrawals of foreign investors. In the years 2022 and 2023, Indian market faced the heat with excessive investments and the volatility that came with it. Pandey stepping in now at was market and investor behavior were the toughest is bound to bring great changes.
Madhabi Puri Buch executed a number of regulatory reforms during her tenure, most notably within the derivatives industry, with the aim of safeguarding retail investors from engaging with high volatility financial instruments. Other main goals included broadening the scope of safe investment opportunities and enhancing corporate and fund house disclosure requirements. Buch was also instrumental in moving Indian markets towards real time trade settlements and was a major driving force in equity derivatives trading reforms, thus, reinforcing India’s leadership in this segment of the global market.
