Shri Sivasubramanian Ramann Appointed as PFRDA Chairperson

On 20th June 2025, Shri Sivasubramanian Ramann officially assumed charge as the Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA). The appointment was made by the Government of India through a notification issued on 8th April 2025.

He will serve a five-year tenure, or until he reaches the age of 65, or until further orders—whichever comes first.

An Accomplished Bureaucrat with Proven Leadership

Shri Ramann is an officer of the Indian Audit and Accounts Service (IA&AS), 1991 batch. His decades-long career reflects a strong blend of administrative, regulatory, and technological expertise.

He has held several key positions, including:

• Deputy Comptroller & Auditor General

• Chief Technology Officer at the Office of the Comptroller and Auditor General

• Chairman and MD, SIDBI (Small Industries Development Bank of India)

• CEO, National E-Governance Services Ltd. (NeSL)

• Executive Director, SEBI (2006–2013)

• Principal Accountant General, Jharkhand

His journey also intersects crucial milestones in India’s fintech and regulatory evolution, especially in capital markets, microfinance, and digital governance.

Academic Excellence Meets Regulatory Insight

Shri Ramann’s academic background is equally distinguished. He holds:

• Bachelor’s in Economics and MBA from University of Delhi

• M.Sc. in Financial Regulation, London School of Economics

• LLB (Law Degree)

• Certified Internal Auditor (IIA Florida)

• Postgraduate Diploma in Securities Law

• Chief Digital Officer Certification, Indian School of Business

His multi-disciplinary expertise uniquely positions him to oversee and innovate India’s growing pension infrastructure.

Leading PFRDA Towards a Secure Retirement Future

The Pension Fund Regulatory and Development Authority (PFRDA) plays a vital role in ensuring retirement income security for India’s growing population. With over 6.6 crore subscribers and ₹11 lakh crore in assets under management (as of 2025), the PFRDA has become central to financial inclusion and long-term savings.

With Shri Ramann at the helm, the PFRDA is expected to:

• Expand the reach of the National Pension System (NPS)

• Enhance digital integration for subscriber convenience

• Strengthen grievance redressal and transparency mechanisms

• Promote pension literacy and drive new initiatives in social security

His prior leadership at SIDBI and NeSL, both deeply tied to India’s economic infrastructure, is likely to complement PFRDA’s evolving mission.

Why This Matters for India

India is experiencing a demographic shift, with rising life expectancy and a growing informal workforce. Ensuring retirement security for all—not just salaried employees—has become a pressing concern.

PFRDA’s role is crucial in:

• Encouraging long-term savings

• Offering affordable pension solutions

• Making pension access universal, especially for unorganised sectors

Shri Ramann’s rich regulatory background, combined with his digital governance exposure, will help make India’s pension systems more inclusive, tech-enabled, and future-ready.