Paytm Appoints Rajeev Agarwal as Non-Executive Independent Director
In a recent development, Paytm has named Rajeev Krishnamuralilal Agarwal, former whole-time director of SEBI, as its non-executive independent director for a five-year term. This change comes alongside the resignation of Neeraj Arora, who cited pre-occupation and personal commitments.
Neeraj Arora, known for his pivotal role in negotiating WhatsApp’s merger with Facebook, resigned as Paytm’s non-executive independent director on June 17, 2024. This marks his second departure from the company’s board, having previously rejoined before its IPO.
Rajeev Agarwal brings extensive expertise to Paytm’s board, with over four decades of experience in securities markets and regulatory affairs. His tenure at SEBI included spearheading significant market policy reforms, such as the revival of the Mutual Fund industry in 2012 and the merger of the Forward Markets Commission with SEBI in 2015.
Vijay Shekhar Sharma, Founder & CEO of Paytm, expressed enthusiasm about Agarwal’s appointment, emphasizing his contributions to enhancing regulatory frameworks. Paytm remains focused on innovation and growth in its mission to foster financial inclusion nationwide.
Paytm, operated by One97 Communications, is a prominent fintech company in India offering a range of digital payment services and financial products.
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