MUMBAI: The new SEBI Chairman, Tuhin Kanta Pandey, who was appointed on Thursday after being pulled out of North Block to head the Securities and Exchange Board of India (SEBI), faces a tough challenge ahead.

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.

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.

Madhabi Puri Buch, India's first woman Sebi Chief, completes her 3-year tenure amidst controversies surrounding Hindenburg allegations and employee protests. Learn about her career and the key events that shaped her time as the market regulator.