Ajay Seth
Ajay Seth | |
|---|---|
 | |
| Chairman of Insurance Regulatory and Development Authority of India | |
| Assumed office 1 September 2025 | |
| Appointed by | Appointments Committee of the Cabinet |
| Preceded by | Debasish Panda |
| Finance Secretary of India | |
| In office 24 March 2025 – 30 June 2025 | |
| Appointed by | Appointments Committee of the Cabinet |
| Preceded by | Tuhin Kanta Pandey |
| Succeeded by | Vacant |
| Economic Affairs Secretary of India | |
| In office 16 April 2021 – 30 June 2025 | |
| Appointed by | Appointments Committee of the Cabinet |
| Preceded by | Tarun Bajaj |
| Succeeded by | Anuradha Thakur |
| CEO of Bangalore Metro Rail Corporation Limited | |
| In office July 2018 – April 2021 | |
| Appointed by | Government of Karnataka |
| Succeeded by | Rakesh Singh[1] |
| Personal details | |
| Born | Ajay Seth 30 June 1965 |
| Residence(s) | Hyderabad, India |
| Alma mater | (B.Tech) IIT Roorkee (MBA) Ateneo de Manila University |
| Occupation | Bureaucrat |
Ajay Seth (born 30 June 1965[2]) is a retired 1987 batch Indian Administrative Service officer from Karnataka cadre who is serving as the Chairman of Insurance Regulatory and Development Authority since September 2025. He previously served in other roles within the Finance Ministry of India such as Finance Secretary and Economic Affairs Secretary.[2][3]
Early life and education
[edit]Ajay Seth was born on 30 June 1965 in India. He completed his B.Tech degree in mechanical engineering from IIT Roorkee and his MBA degree from Ateneo de Manila University in Philippines.[4]
Civil Service career
[edit]Seth has worked in various positions in the Government of Karnataka as Principal Secretary of Infrastructure Development, Urban Development and Planning department in Government of Karnataka.[5]
Between 2000 and 2004 Seth was the Deputy Secretary in Department of Expenditure and in Department of Economic Affairs in Ministry of Finance Government of India. From 2004 to 2008 he was an advisor to the Executive Director at Asian Development Bank.[6]
He then was the chief secretary in health and family welfare ministry and commissioner of Commercial Taxes in Government of Karnataka.[7]
In July 2018 he was appointed as the managing director of Bangalore Metro Railway Corporation Ltd where he worked until April 2021.[8]
On April 2021, the Government of India appointed Ajay Seth as the Economic Affairs Secretary of India, his return to Central Government after a gap of 13 years.[9]
In March 2025, the Government appointed Seth as the new Finance Secretary of India after the departure of Tuhin Kanta Pandey to take up the role as Chairman of SEBI.[10]
After stepping down from both of his previous posts, Ajay Seth took over the office as the chairman of the Insurance Regulatory and Development Authority for a period of 3 years, starting on 1 September 2025.[11]
References
[edit]- ^ "Rakesh Singh is the new MD of Bangalore Metro". Metro Rail News. 10 April 2021. Retrieved 13 November 2025.
- ^ a b "Ajay Seth". The Secretariat. Retrieved 13 November 2025.
- ^ "Govt appoints former Finance Secretary Ajay Seth as IRDAI chief". The Indian Express. 24 July 2025.
- ^ "Budget 2025: Economic Affairs Secretary Ajay Seth's educational qualification – Key points to know". ET Now. 24 March 2025. Retrieved 13 November 2025.
- ^ "Ajay Seth appointed new Finance Secretary of India All you need to know about him". India TV. 24 March 2025. Retrieved 13 November 2025.
- ^ "Senior IAS officer Ajay Seth takes over as new Economic Affairs Secretary". The Indian Express. 16 April 2021. Retrieved 13 November 2025.
- ^ Noronha, Gaurav (16 April 2021). "Ajay Seth takes over as Economic Affairs Secretary". The Economic Times. Retrieved 13 November 2025.
- ^ "Bangalore metro gets new MD". Traffic Infra Tech. 16 April 2021. Retrieved 13 November 2025.
- ^ "Ajay Seth takes over as the New Economic Affairs Secretary". The Economic Times Government. 21 April 2021. Retrieved 13 November 2025.
- ^ "Senior most Officer is now the Finance Secretary". Fortune India. 24 March 2025. Retrieved 13 November 2025.
- ^ "India appoints Ajay Seth as the Insurance regulator chair order shows". Reuters. 24 July 2025. Retrieved 13 November 2025.