Paytm has appointed Rajeev Krishnamuralilal Agarwal as non-executive independent Director to its board of directors. As per the company, the appointment underscores Paytm’s dedication to enhance its corporate governance with additional regulatory and compliance insights.
Agarwal brings over four decades of experience in the stock market, including 28 years with the Indian Revenue Services (IRS). He initiated the offer for sale mechanism for Public Sector Unit (PSU) disinvestment and gave a boost to Small and Medium Enterprise (SME) exchange which broadened capital-raising opportunities for small enterprises and startups.
Talking about the appointment, Vijay Shekhar Sharma, Founder and CEO, Paytm, said, “I am happy to welcome Rajeev Agarwal to the Paytm board. His expertise in regulatory and government-related matters will be an invaluable addition to our board. I would also like to express my gratitude to Shri Neeraj Arora for his significant contributions, which have been instrumental in our company’s evolution. We remain committed to innovation and growth as we continue our efforts to serve our nation with financial inclusion.”
Currently, Agarwal is Chairman and independent Director on the boards of Trust Mutual Fund, Star Health Insurance, UGRO Capital and MK Ventures Capital, among others.
