Ajay Tyagi

Ajay Tyagi specialises in the financial sector, and has also worked extensively in the environment and energy sectors.

He 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.

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.

He 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. He was also a Government nominee director on the board of RBI.

Previously, he served as a Joint Secretary in the Ministries of Environment & Forests and Petroleum & Natural Gas. He was also Chairman of the Central Pollution Control Board and Secretary of the Petroleum and Natural Gas Regulatory Board. He was a Government nominee director on the board of directors of BPCL and GAIL.

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.

Presently, Ajay Tyagi is an Independent Director on the boards of Larsen & Toubro Limited, Hyundai Motor India Limited, Tata AIG General Insurance Company Limited, Gujarat International Finance Tec-City Company Limited and Bain capital controlled Novopor Advanced Science Private Limited. He is also a distinguished fellow at Observer Research Foundation. He writes extensively on economic and finance matters. He has written over forty articles during the last two years in different economic newspapers, and delivered talks at a number of platforms including industry association forums and educational institutions.

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 got a master’s degree in public administration from Harvard University.