Pandey informed the media that Sebi is a robust market establishment and is evolving constantly and his aim is to make it the perfect market establishment.
He additional mentioned that Sebi held the belief of Parliament, the federal government, trade, and buyers based mostly on 4 pillars viz. belief, transparency, teamwork and expertise.
His appointment was made by the federal government by way of notification from the Appointments Committee of the Cupboard (ACC) on Thursday, February 27.
A 1987-batch IAS officer from the Odisha cadre, Pandey has held key positions within the authorities. He was appointed Finance Secretary in September 2024, succeeding TV Somanathan, who was promoted to Cupboard Secretary. Earlier than that, he headed the Division of Public Enterprises (DPE) and the Division of Funding and Public Asset Administration (DIPAM).
Additionally Learn: Sebi permits particular funding funds for wealthier people, beginning at Rs 10 lakh, efficient from April 1Pandey brings with him many years of expertise in financial coverage and monetary administration. As Finance Secretary, he performed a key function in drafting India’s new Earnings Tax Invoice and shaping insurance policies to spice up financial development. Now, he’s tasked with steering SEBI by way of an evolving monetary panorama, balancing investor safety with market growth.Pandey steps into the function because the Indian inventory market faces bearish strain resulting from persistent withdrawals by international institutional buyers (FIIs). Overseas portfolio buyers (FPIs) have pulled out over Rs 1.13 lakh crore in 2025.
New Sebi chief: Instructional background & profession
Pandey holds an MA in Economics from Panjab College, Chandigarh, and an MBA from the UK. His profession spans important administrative roles each within the Odisha state authorities and central authorities.
He has served as District Collector in Sambalpur, Deputy Secretary within the Ministry of Commerce, and held varied positions in sectors like well being, transport, and industrial taxes.
He was Joint Secretary on the Planning Fee earlier than his management function at DIPAM, the place he managed main disinvestment initiatives. His tenure additionally included a short stint as Secretary within the Ministry of Civil Aviation in 2021.
As for Buch, her tenure was marked by allegations of battle of curiosity and investments in offshore funds linked to the Adanis. She made historical past as Sebi’s first feminine chairperson. Her tenure centered on market integrity, investor safety, and regulatory effectivity. A former Sebi board member, Buch emphasised transparency and governance reforms, strengthening India’s monetary markets.
To her credit score, she additionally launched a number of measures to curtail speculative buying and selling exercise in India’s derivatives market.
(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t characterize the views of Financial Instances)
