Padayachy grew up in Bel Air and completed his secondary education at John Kennedy College.
[2] He worked as chief economist at the Mauritius Chamber of Commerce and Industry (MCCI) before he was appointed in January 2018 as first deputy governor of the Bank of Mauritius (BoM) and chairman of the Financial Services Commission (FSC).
[3][4] At the 07 November 2019 general elections Renganaden Padayachy stood as candidate of the MSM within the L'Alliance Morisien.
[5] He was elected as Second Member for Constituency No.13 Rivière des Anguilles-Souillac in the National Assembly.
[citation needed] On January 07, 2025, Mauritian authorities issued an arrest warrant against Renganaden Padayachy, for alleged embezzlement involving the payment of Rs.