Arvind Shrivastava takes charge as revenue secretary
ADVERTISEMENT
Arvind Shrivastava on Thursday took charge as the secretary, Department of Revenue, Ministry of Finance. The Appointments Committee of the Cabinet on April 18, 2025, appointed Shrivastava as the revenue secretary.
Previously, Shrivastava, a 1994-batch Indian Administrative Service (IAS) officer of the Karnataka cadre, served as Joint Secretary and then Additional Secretary in the Prime Minister’s Office. Before that, Shrivastava has also served as Joint Secretary, in the Budget Division of the Department of Economic Affairs, Ministry of Finance; Development Officer in the Asian Development Bank; Secretary, Finance Dept., Bengaluru; Secretary, Urban Development Department, Bengaluru; Managing Director in the Urban Infrastructure Development & Finance Corporation, Karnataka.
Shrivastava’s appointment as revenue secretary comes weeks after former revenue secretary Tuhin Kanta Pandey was appointed as the chairman of the Securities and Exchange Board of India (Sebi) for a period of three years. Pandey succeeded Madhabi Puri Buch, who was the Sebi chairperson since 2022. In appointing Pandey, the government went back to appointing an IAS officer for the post. Buch, a former ICICI Bank official, was the first person from the private sector to hold the post.
July 2025
In the world’s youngest nation—where over 65% of the population is under 35—India’s future is already being shaped by those bold enough to lead it. From boardrooms to breakout ideas, a new generation of business leaders is rewriting the rules. This year's Fortune India’s 40 Under 40 celebrates these changemakers—icons in the making like Akash Ambani, Kaviya Kalanithi Maran, Shashwat Goenka, Parth Jindal, Aman Mehta, and Devansh Jain—who are not just carrying forward legacies but boldly reimagining them for a new era. Alongside them are first-generation disruptors like Sagar Daryani, scaling Wow! Momo with a vision to take ₹100 momos to 5,000 cities, and Palak Shah, turning the Banarasi weave into a global fashion story with Ekaya Banaras. These are the entrepreneurs turning ambition into scale. And even beyond traditional industry, the entrepreneurial wave is pulling in creative forces—Ranveer Singh, for instance, is shaking up wellness and nutrition with Bold Care and SuperYou, proving that passion, backed by purpose, is the new blueprint for building brands.
Shrivastava’s appointment comes at a pivotal moment, as India’s tax system adapts to significant policy changes and global economic challenges. A key task ahead of him will be to secure strong tax revenue collection amid ongoing international trade disputes, especially the reciprocal tariff threats from the United States. In this environment, he will be expected to guide India’s customs strategy with foresight. Shrivastava is also expected to assist the GST Council in advancing efforts for further rate adjustments, reduce revenue leakages, and lead the next stage of reforms.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.