Sivasubramanian Ramann Takes Charge as New PFRDA Chairperson for Five-Year Term

In a significant move in India’s financial regulatory landscape, Sivasubramanian Ramann officially assumed charge as the Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA) on June 20, 2025. With a rich career spanning financial regulation, auditing, and development banking, Ramann is expected to steer the pension body through the next phase of reforms and expansion.

Why in News?

The Government of India, through a notification dated April 8, 2025, appointed Sivasubramanian Ramann as the new Chairperson of PFRDA. He replaces Deepak Mohanty, and his tenure will last for five years or until he turns 65. His appointment comes at a crucial time as India pushes to deepen pension coverage across formal and informal sectors through schemes like the National Pension System (NPS) and Vatsalya Scheme.

Professional Background of S Ramann

Previous Roles

• Chairman & MD, SIDBI
• MD & CEO, National E-Governance Services Ltd (NeSL)
• Deputy CAG and CTO, Office of the CAG of India
• Chief General Manager & Executive Director, SEBI
• Principal Accountant General, Jharkhand

Educational Qualifications

• BA in Economics & MBA, University of Delhi
• MSc in Financial Regulation, London School of Economics
• LLB, Certified Internal Auditor (IIA Florida)
• Certified Chief Digital Officer (ISB)
• Postgraduate Diploma in Securities Law

Key Facts about the Appointment

• Date of Assumption: June 20, 2025
• Tenure: 5 years or until the age of 65 (whichever is earlier)
• Remuneration: ₹5,62,500 per month (no house or car facility)
• Selected through: Government notification dated April 8, 2025
• Replaces: Deepak Mohanty (appointed March 2023)

PFRDA

Established: 2003

Mandate

• Promote, regulate, and develop the pension sector in India
• Oversee schemes like NPS and Atal Pension Yojana (APY)
• Expand pension coverage across informal and self-employed sectors

Current Focus

• NPS Vatsalya Scheme: Allows parents to save for children’s retirement
• Address low pension asset allocation (currently only 5.7% of Indian household assets)

Significance of Ramann’s Appointment

• Brings decades of regulatory, audit, and development finance experience
• Expected to drive technology integration, retirement inclusion, and financial literacy
• Can leverage SIDBI and SEBI insights to enhance micro-pension outreach
• Joins at a time of critical reforms, digital expansion, and demographic shift toward ageing population