Tuhin Kanta Pandey assumed the role of the 11th chairperson of the Securities and Exchange Board of India (Sebi) on Saturday afternoon, marking a pivotal change in the leadership of the market regulator.
Pandey’s appointment comes at a time when the Indian capital markets are facing significant challenges, with foreign institutional investors (FII) withdrawing over ₹1 trillion since the beginning of 2025.
An Indian Administrative Service (IAS) officer from the Odisha cadre, Pandey was appointed as Sebi chairperson on February 27, succeeding Madhabi Puri Buch, whose tenure ended on February 28. Pandey’s appointment is for an initial period of three years.
In his first press conference after taking charge, Pandey expressed confidence in Sebi’s strong foundation, which has been built over years of leadership. “Sebi is a very robust market institution. It has been built over the years with successive leadership and will continue with it. We hold the trust of people, parliament, government, investors, and industry. Trust is very important,” he stated.
