In just 2 years, Sebi chief Ajay Tyagi gives a mega push to reforms

The senior bureaucrat was instrumental in executing the new corporate governance code, and mutual fund reforms

In his first two years, Ajay Tyagi, a Himachal Pradesh cadre IAS officer, hasn't shied away from implementing challenging stock market reforms or acting against high-profile corporates. Within a month of taking charge as Securities and Exchange Board of India's (Sebi) ninth chairman, he passed an order in the long-pending case against Reliance Industries (RIL), imposing a penalty of over Rs 1,000 crore. 

While the order was challenged by RIL, the move sent a strong message to the financial world of Tyagi's intent. In the