Buch, the first woman and private-sector executive to lead Sebi, implemented major market reforms, such as restrictions on retail derivatives trading and enhanced regulation of brokers.

The government has appointed Tuhin Kanta Pandey as the 11th chairman of the Securities and Exchange Board of India (Sebi), succeeding Madhabi Puri Buch. Buch’s tenure as Sebi chief is set to conclude on 1 March. The Appointments Committee of the Cabinet (ACC) has approved Pandey’s appointment for a three-year term.

There are unfinished items on agenda, and the incoming, seasoned bureaucrat will be expected to use his rich experience in the government apparatus to balance what market participants and policy makers want,

Pandey is one of the longest-serving secretaries in DIPAM, which is responsible for managing government’s stake in public sector enterprises

Tuhin Kanta Pandey, a veteran IAS officer from the 1987 batch, is set to take the helm as the 11th chairman of the Securities and Exchange Board of India (SEBI) on March 1.

New Delhi late on Thursday appointed Tuhin Kanta Pandey, the top bureaucrat in its Finance Ministry, to head the Securities and Exchange Board of India. He replaces Madhabi Puri Buch, whose time in charge of the regulator has been marked by controversy, and also what some market watchers deem as excessive regulation.

Madhabi Puri Buch, India's first woman Sebi Chief, faced controversy and allegations, completing her tenure on February 28, 2025.

The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on February 28

The Indian government on Thursday appointed Finance Secretary Tuhin Kanta Pandey as chief of the country's market regulator, replacing Madhabi Puri Buch, whose terms ends this month. Pandey has been appointed chairman of the Securities and Exchange Board of India (SEBI) for three years,