PRISM appoints former SEBI chairman Ajay Tyagi as independent director

Oyo parent PRISM said on Wednesday that it is appointing Ajay Tyagi as an independent director on its board.

Tyagi is a former senior Indian civil servant and has served as the chairman of the Securities and Exchange Board of India (SEBI), the Indian capital-markets regulator. He has extensive experience in financial-sector policy, market regulation, and corporate governance.

As the chairman of SEBI from 2017 to 2022, he was responsible for overseeing India’s securities markets, strengthening regulatory and disclosure frameworks, investor protection, and supervising primary and secondary market activity.


Prior to his role at SEBI, Tyagi was additional secretary in the Department of Economic Affairs at the Ministry of Finance, Government of India, where he handled capital markets, investment policy, infrastructure financing, bankruptcy law, and broader financial-sector reforms. He is an officer of the Indian Administrative Service (IAS), 1984 batch, and held several senior policy and administrative roles in different ministries during his career in the Government of India. He currently serves as an independent director on the boards of several Indian companies.

Tyagi holds a bachelor’s degree in Electrical Engineering (Electronics) and a master’s degree in Computer Science. He also has a master’s degree in Public Administration from Harvard University.