Mr. Ajay Tyagi has 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 Mr. Tyagi was at the helm, SEBI took several initiatives to streamline processes, improve ease of doing business, plug regulatory loopholes, develop new products, and increase use of technology.
Before joining SEBI, he had a career spanning almost 33 years in the Indian Administrative Service, where he held several senior positions in the Central and State Governments.
Mr. Tyagi served as an Additional Secretary in the Department of Economic Affairs, Ministry of Finance, Government of India, handling diverse subjects like Capital Markets, Investment, Infrastructure Financing, Financial Sector Reforms, Financial Stability Issues, matters relating to FATF, drafting of Insolvency and Bankruptcy code, and Coins & Currency.
Previously, he was a Joint Secretary in the Ministries of Environment & Forests and Petroleum & Natural Gas. He served as 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.
In the State Government of Himachal Pradesh, he served as Additional Chief Secretary and Principal Secretary in various Departments including Finance, Planning, Industries and Information Technology. He was District Magistrate of Sirmaur District.
Ajay Tyagi did his graduation in Electrical Engineering from Delhi College of Engineering and post-graduation in Computer Science from IIT Kanpur. He also has a Master’s degree in public administration from Harvard University.