Trust, transparency, teamwork, tech key objectives: New Sebi chief Tuhin Kanta Pandey

“We have got four objectives. We work for trust, transparency, teamwork and technology. These four elements make it as a distinctive…we have created one (institution- Sebi) and will continue to create one of the best market institutions in the world,” he said. When asked if his style of working would be different from how Sebi has worked earlier, Pandey refused to comment.

“We are not going to comment on anything or on anyone or any style. We are a team here. It is a stakeholders’ institution, we work together. We have built such a good institution, and we will continue to put our own contributions to its growth,” Pandey said. Pandey has succeeded Madhabi Puri Buch — the first woman chief of the capital markets regulator. He steps in at a time when there are multiple challenges plaguing the market, including the ongoing stock sell-off, foreign institutional investors’ withdrawal of over Rs 2 lakh crore since October last year, the unfinished task of reining in finfluencers and unregistered investment advisors and a review of the delisting norms.

A major agenda before Pandey will be to retain the retail investors’ interest and confidence in the stock market amid high volatility triggered by tariff wars and economic slowdown.

The new Sebi chief has his task cut as he will have to ensure that the Indian capital market is healthy, without the menace of manipulations such as insider trading, front running and stock rigging. Pandey, known to be an upfront, straight-talking officer, will also have to boost the morale of Sebi employees who were up in arms against the management in September last year.

Prior to this, Pandey was the finance and revenue secretary. He holds a Master’s degree in economics and an MBA. Pandey had earlier played a key role in finalising the sale of Air India as DIPAM Secretary.