Sanjay Malhotra IAS Biography:Sanjay Malhotra is a senior Indian Administrative Service (IAS) officer from the 1990 batch of the Rajasthan cadre. Currently, he serves as the Secretary of the Department of Revenue in the Ministry of Finance, a position he has held since December 1, 2022, following his predecessor Tarun Bajaj. Before this role, Malhotra served as the Secretary of the Department of Financial Services (DFS) and as an Officer on Special Duty (OSD) in the Revenue Department.
He has an impressive academic background, holding a bachelor’s degree in engineering from the Indian Institute of Technology (IIT), Kanpur, and a master’s degree in public policy from Princeton University in the United States. His expertise and contributions are particularly significant in policy formulation, including his role as the ex-officio Secretary to the GST Council, where he oversees various tax-related matters
RBI New Governor Sanjay Malhotra IAS Has Just Been Confirmed
Sanjay Malhotra, a distinguished IAS officer of the 1990 Rajasthan cadre, has been confirmed as the 26th Governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das. His appointment will begin on December 11, 2024, following the conclusion of Das’s tenure. Malhotra has had an illustrious career in public administration and finance.
He holds a degree in electrical engineering from IIT Kanpur and a master’s in public policy from Princeton University. Before this appointment, he served as the Revenue Secretary in the Ministry of Finance and held pivotal roles such as Secretary of the Department of Financial Services and Chairman & Managing Director of REC Limited. Malhotra’s extensive experience in governance and financial policy is expected to shape his tenure at the central bank, addressing critical economic challenges and promoting sustainable growth.
Bio profile
| Aspect | Details |
|---|---|
| Name | Sanjay Malhotra |
| Service | Indian Administrative Service (IAS) |
| Batch and Cadre | 1990 Batch, Rajasthan Cadre |
| Educational Qualifications | – B.Tech in Electrical Engineering, IIT Kanpur – Master’s in Public Policy, Princeton University |
| Current Position | Governor, Reserve Bank of India (Effective December 11, 2024) |
| Previous Positions | – Revenue Secretary, Ministry of Finance – Secretary, Department of Financial Services – Chairman & MD, REC Limited – Secretary (Additional Charge), Ministry of Corporate Affairs |
| Major Contributions | Key policymaker in GST implementation and financial reforms |
| Key Skills | Governance, Financial Policy, Taxation, and Public Sector Management |
| Awards and Recognitions | Known for his efficiency in managing public enterprises and his expertise in financial policies |
| Notable Achievements | Led several financial reforms, pivotal roles in GST Council deliberations |
| Tenure as RBI Governor | From December 11, 2024 (Three years, as announced) |
Early Life
| Aspect | Details |
|---|---|
| Date of Birth | Not publicly available |
| Place of Birth | Not publicly available |
| Education (Early) | Completed schooling in India (specific details not publicly available) |
| Higher Education | – Bachelor’s in Electrical Engineering, IIT Kanpur – Master’s in Public Policy, Princeton University |
| IAS Cadre and Year | Rajasthan Cadre, 1990 Batch |
| Family Background | Not publicly available |
| Key Influences | Focused on academics and public service from an early stage, leading to a career in civil services |
Date Of Birth
Sanjay Malhotra, an IAS officer of the 1990 batch, was born in 1966, making him approximately 58 years old as of 2024.
Wife
Details about the wife or family of Sanjay Malhotra, a 1990-batch IAS officer of the Rajasthan cadre and currently the Revenue Secretary in India’s Finance Ministry, are not publicly available.
Networth
The net worth of Sanjay Malhotra, IAS, is not publicly disclosed in available sources. As a senior IAS officer and the Revenue Secretary of India, his earnings would primarily stem from his official salary, which follows the Indian government’s pay scale for IAS officers, as well as other permissible benefits. These salaries range from ₹56,100 to ₹2,50,000 per month based on seniority and role, excluding additional allowances.
Batch
Sanjay Malhotra is a 1990-batch IAS officer of the Rajasthan cadre.
Educational Background
| Education Level | Institution | Field of Study | Details |
|---|---|---|---|
| Undergraduate | Indian Institute of Technology (IIT), Kanpur | Electrical Engineering | Gained technical expertise in engineering, building a foundation for analytical and problem-solving skills. |
| Postgraduate | Princeton University, USA | Public Policy | Specialized in public policy, focusing on governance, economics, and |
Professional Career Path
| Year/Period | Position | Department/Organization | Details |
|---|---|---|---|
| 1990 | Joined IAS | Rajasthan Cadre | Began his career in public administration after clearing the UPSC examination. |
| Various Years | District Collector | Rajasthan State | Served in administrative roles managing district-level governance and development. |
| 2015–2020 | Chairman & Managing Director | REC Limited | Played a key role in leading the Maharatna company, focusing on power sector financing. |
| December 2021–2022 | Secretary | Department of Financial Services | Oversaw reforms in banking, insurance, and financial institutions. |
| 2022–2024 | Secretary | Department of Revenue, Ministry of Finance | Managed taxation policies and revenue administration, including GST. |
| April 2023 (Additional) | Secretary | Ministry of Corporate Affairs | Held additional charge, contributing to corporate governance and regulation. |
| December 2024 | Governor | Reserve Bank of India (RBI) | Appointed as the 26th RBI Governor, succeeding Shaktikanta Das. |
Major Policy And Contribution
| Policy/Initiative | Role/Position | Details | Impact |
|---|---|---|---|
| Implementation of GST | Secretary, Revenue Department | Oversaw taxation reforms, including GST-related policies and coordination with the GST Council. | Simplified taxation, increased compliance, and boosted revenue. |
| Banking Sector Reforms | Secretary, Financial Services | Worked on mergers of public sector banks and initiated measures to improve NPAs and digital banking. | Strengthened banking stability and enhanced digital transformation in the financial sector. |
| Corporate Governance Reforms | Additional Charge, Ministry of Corporate Affairs | Promoted better governance standards in corporate entities. | Enhanced regulatory compliance and transparency in corporate operations. |
| Power Sector Financing | CMD, REC Limited | Focused on financing infrastructure projects for the power sector, especially renewable energy. | Boosted rural electrification and supported India’s renewable energy transition. |
| Tax Reforms for Ease of Business | Secretary, Revenue Department | Simplified processes for filing taxes, particularly for small businesses, and introduced IT-enabled solutions. | Increased ease of doing business and reduced compliance burdens for taxpayers. |
| Debt Market Development | Secretary, Financial Services | Advocated for the deepening of corporate bond markets in India. | Provided alternative funding avenues for companies and reduced dependency on bank loans. |
Key Career Achievement
| Category | Achievement | Details |
|---|---|---|
| Leadership in Governance | Revenue Secretary, Ministry of Finance | Successfully managed India’s complex revenue system, including GST and direct tax reforms. |
| Banking Sector Reforms | Secretary, Financial Services | Spearheaded the consolidation of public sector banks and enhanced measures to reduce NPAs. |
| Corporate Governance | Additional Charge, Ministry of Corporate Affairs | Improved regulatory frameworks for corporate governance and business practices in India. |
| Power Sector Transformation | CMD, REC Limited | Supported India’s power infrastructure and renewable energy projects with effective financing models. |
| Policy Innovation | Officer on Special Duty (OSD), Revenue Department | Instrumental in crafting policies that streamlined tax administration and compliance frameworks. |
| Public Finance Expertise | GST Council Secretary | Played a key role in tax structure simplification and dispute resolution under the GST framework. |
| Economic Stability | Appointed RBI Governor (December 2024) | Expected to address inflation management, financial sector stability, and economic growth challenges. |
| Global Collaboration | Princeton Graduate in Public Policy | Applied international best practices in governance and public policy to Indian administration |
Controversy
At present, there is no notable controversy associated with Sanjay Malhotra IAS in the public domain or media reports. His career reflects a focus on policy reforms, governance improvements, and leadership in various roles across the Indian administration.
Personal Life And Family
| Aspect | Details |
|---|---|
| Spouse | Not publicly disclosed |
| Children | Not publicly disclosed |
| Hobbies/Interests | Known for an interest in governance and public policy |
| Residence | Official residence linked to his postings |
Epilogue
- Introduction
- Sanjay Malhotra is a 1990-batch IAS officer from the Rajasthan cadre.
- Currently serving as India’s Revenue Secretary under the Ministry of Finance.
- Education
- B.Tech in Computer Science from IIT Kanpur (1989).
- Master’s in Public Policy from Princeton University.
- Professional Journey
- Held key positions in finance, energy, and administration.
- Former CMD of Rural Electrification Corporation (REC), playing a vital role in its growth.
- Instrumental in policy reforms during his tenure as Principal Secretary in Rajasthan’s Energy Department.
- Major Achievements
- Innovated energy billing systems and metering infrastructure.
- Contributed to power distribution reforms and public-private partnerships in transmission.
- Philosophy and Impact
- Focused on development, efficiency, and modernization of administrative systems.
- Known for his dedication to transparent governance and impactful policy-making.
- Legacy
- Recognized as a key contributor to India’s financial and energy sectors.
- Continues to inspire future civil servants through his commitment to public service.
