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Former Chairman, Securities and Exchange Board of India (SEBI)

Ajay Tyagi served as the Chairman of Securities and Exchange Board of India (SEBI) from March 2017 to February 2022.

SEBI is a statutory Regulatory body with the mandate to protect the interest of investors in securities, and to regulate and promote the development of the securities market.

During the five years’ period when Ajay Tyagi was at the helm, SEBI took several initiatives to streamline processes, improve ease of doing business, plug regulatory loopholes, develop new products, increase use of technology and further protect the interests of investors.

Before Joining SEBI, Ajay Tyagi had a career spanning almost 33 years in the Indian Administrative Service, where he held several senior positions in the Central and State Governments.

Ajay Tyagi served as an Additional Secretary in the Department of Economic Affairs, Ministry of Finance, Government of India, handling diverse areas/subjects like Capital Markets, Investment, Infrastructure Financing, Financial Sector Reforms, Financial Stability Issues, FATF, and Coins & Currency.

Previously, he served as a Joint Secretary in the Ministries of Environment & Forests and Petroleum & Natural Gas. He was Chairman of the Central Pollution Control Board and Secretary of the Petroleum and Natural Gas Regulatory Board. He was also Deputy Secretary in the Ministries of Steel and Rural Development.

He served as Additional Chief Secretary and Principal Secretary in the Departments of Finance, Planning, Industries, and Information Technology in the Government of Himachal Pradesh. He was District Magistrate of Sirmaur District.

Presently, Ajay Tyagi is an independent Director in the board of GIFT city company and a distinguished fellow at Observer Research Foundation. He writes extensively on economic and finance matters. He has written more than thirty five articles since May 2022 in different economic newspapers, and delivered talks at a number of educational institutions, industry association forums etc.

Ajay Tyagi did his graduation in Electrical Engineering from Delhi College of Engineering and post-graduation in Computer Science from IIT Kanpur. He has also done a master’s degree in public administration from Harvard University.