India's incumbent Finance Secretary, Tuhin Kanta Pandey, is the new Sebi chief. BW Businessworld was the first to report his name as the frontrunner for the post on 14 February.

Based on seniority, Pandey is India's senior-most IAS officer after Cabinet Secretary T V Somnathan. Pandey replaced Somanathan as Finance Secretary when the former was promoted to Cabinet Secretary in August 2024.