Shri Sivasubramanian Ramann Appointed Chairperson of PFRDA

On 20th June 2025, Shri Sivasubramanian Ramann officially assumed the position of Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA). His appointment was notified by the Government of India through an official gazette dated 8th April 2025. As per the notification, his tenure will span five years from the date of assuming charge, or until he turns 65 years old, or until further orders—whichever is earlier.

Shri Ramann’s appointment comes at a pivotal moment when the PFRDA is expanding its scope to bolster India’s pension infrastructure and make retirement security accessible to a wider segment of the population. He succeeds in the position with a reputation for bringing institutional reform, digital innovation, and regulatory clarity in the financial sector.

A Distinguished Career in Public Service and Financial Regulation

Shri Ramann is a distinguished officer from the 1991 batch of the Indian Audit & Accounts Service (IA&AS). With over three decades of experience in governance, public finance, and financial regulation, he brings both deep insight and technical sophistication to his new role.

His previous tenure as Deputy Comptroller & Auditor General and Chief Technology Officer in the Office of the Comptroller and Auditor General (CAG) of India reflected his strong footing in technology-led financial governance. At the CAG, he oversaw technological transformation initiatives aimed at improving audit efficiency, transparency, and public accountability.

He has also been recognized for his leadership at the Small Industries Development Bank of India (SIDBI), where he served as Chairman and Managing Director. Under his stewardship, SIDBI strengthened its role in supporting MSMEs, enabling credit expansion, digitization, and sustainable enterprise development.

Earlier, he led National E-Governance Services Ltd. (NeSL) as its Managing Director and CEO. NeSL is India's first Information Utility under the Insolvency and Bankruptcy Code (IBC), and he played a foundational role in building its technology stack and institutional credibility.

From 2006 to 2013, Shri Ramann served in the Securities and Exchange Board of India (SEBI), first as Chief General Manager and then as Executive Director. During this period, he was instrumental in regulatory development, market supervision, and risk management strategies.

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Academic Excellence and Professional Credentials

Shri Ramann’s academic background is equally notable. He holds a Bachelor’s degree in Economics and an MBA from the University of Delhi. He also earned an M.Sc. in Financial Regulation from the London School of Economics and Political Science (LSE), equipping him with global perspectives on market oversight and regulatory policy.

In addition to his formal degrees, he holds several prestigious certifications and diplomas:

• LL.B. (Bachelor of Laws), strengthening his legal acumen in regulatory matters.

• Chief Digital Officer certification from the Indian School of Business (ISB), highlighting his role in driving digital innovation.

• Certified Internal Auditor (CIA) from the Institute of Internal Auditors (IIA), Florida, attesting to his expertise in internal controls and audit frameworks.

• Post Graduate Diploma in Securities Law, further enhancing his grasp of financial market governance.

Vision for India’s Pension Ecosystem

As Chairperson of PFRDA, Shri Ramann is expected to leverage his vast interdisciplinary experience to deepen pension reforms in India. With an eye toward inclusivity, digital enablement, and transparency, he will guide the Authority’s mission to make pension coverage universal and efficient.

PFRDA is already at the center of key schemes like the National Pension System (NPS) and Atal Pension Yojana (APY), and under Shri Ramann’s leadership, these programs are likely to benefit from further innovation in digital platforms, investor protection, and regulatory enhancements.

His arrival marks a new chapter in India's journey to build a robust, sustainable pension framework aligned with global best practices and inclusive growth priorities.