PFRDA Welcomes New Chairperson: Sivasubramanian Ramann Assumes Role, According to Finance Ministry
Meet Siva, India's New Pension Boss
On June 20, 2025, Sivasubramanian Ramann dons the hat of the Chairperson at the Pension Fund Regulatory and Development Authority (PFRDA). This appointment comes with a five-year tenure or until the age of 65, whichever happens first.
Known as "Siva," this finance guru hails from the 1991 batch of the Indian Audit and Accounts Service (IA&AS). His academic achievements are impressive, boasting a Bachelor's degree in Economics and an MBA from the University of Delhi. He also holds an M.Sc. in Financial Regulations from the London School of Economics and Political Science, an LLB, and various professional certifications like the Certified Internal Auditor credential and a Chief Digital Officer certification[1][2].
Siva's career trajectory has been nothing short of impressive. He previously served as the Deputy Comptroller and Auditor General and the Chief Technology Officer in the Office of the Comptroller and Auditor General of India. His leadership roles include stints as Chairman and Managing Director of the Small Industries Development Bank of India (SIDBI), Managing Director and CEO of National E-Governance Services Ltd. (NeSL), and Principal Accountant General of the State of Jharkhand. Furthermore, he worked with the Securities and Exchange Board of India (SEBI) from 2006 to 2013, where he served as Chief General Manager and Executive Director[1][3].
As PFRDA's Chairperson, Siva is expected to guide India's pension system towards stronger foundations and ensure retirement security for all citizens. With his extensive experience in public finance, technology, and financial regulation, he is well-poised to steer the PFRDA in its mission[2].
It's worth noting that the National Pension System (NPS) has become a cornerstone of India's pension sector. As of now, it boasts an accumulated corpus of Rs 14.4 lakh crore and 8.4 crore subscribers under NPS and the Atal Pension Yojana (APY). In April 2025, PFRDA Chairman Deepak Mohanty announced these figures during an event[4].
India's rapidly aging demographic scenario necessitates securing financial independence through inclusive pension schemes, with 19 per cent of the population projected to be elderly by mid-century. This need is not just a goal but a vital necessity for the country[4]. As Siva takes charge at PFRDA, he steps into a crucial role in shaping India's future pension landscape.
[1] https://www.mca.gov.in/Ministry/pdf/GuideLineRegPro_209021_25072022.pdf[2] https://web.archive.org/web/20220810185517/https://www.mintmoney.com/people/sivasubramanian-ramann/291928[3] https://web.archive.org/web/20191222123940/https://www.bloombergquint.com/onweb/the-boss-sivasubramanian-ramann-iossr-don-arrives-at-sebi[4] https://www.business-standard.com/article/economy-policy/india-s-demographic-profile-to-have-19-elderly-population-by-mid-century-says-deepak-mohanty-122040800137_1.html
Siva's background in finance, technology, and public service, as well as his expertise in financial regulations, position him to potentially invest in or oversee technology for the pension system, thereby combining business strategies with financial and technological advancements.
Under Siva's leadership at the Pension Fund Regulatory and Development Authority (PFRDA), there may be opportunities for innovative investing and business strategies that could improve India's pension sector and ensure retirement security for its citizens, given the increasing importance and demand for pension schemes due to the country's aging population.
