One97 Communications Limited (OCL), the parent company of India’s leading digital payments and financial services provider, Paytm, has announced the appointment of Shri. Narasinganallore Venkatesh Srinivasan as a Non-Executive Independent Director on the board of its wholly-owned subsidiary, Paytm Money Limited.
Mr. Srinivasan brings with him over four decades of rich experience in finance, risk management, capital markets, and banking strategy. His distinguished career includes serving as the Chief Executive Officer of the Association of Mutual Funds in India (AMFI). Before AMFI, he was the Chief Financial Officer and Executive Director on the Board of Lakshmi Vilas Bank. He also spent 19 years at IDBI Bank, where he held senior positions, including Chief Financial Officer and Executive Director.
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Beyond his corporate roles, Mr. Srinivasan has made significant contributions to India’s financial landscape. He served on the Reserve Bank of India’s Technical Advisory Committee and chaired the Fixed Income, Money Markets & Derivatives Association (FIMMDA).
He was also a Management Committee Member of the Foreign Exchange Dealers' Association of India (FEDAI) and contributed to SEBI’s Mutual Funds Advisory Committee and Corporate Bonds and Securitisation Advisory Committee (CoBoSAC). Additionally, he has advised the Government of Maharashtra on cash management and government borrowing strategies. Mr. Srinivasan is a Chartered Accountant with a Diploma in Management & Financial Services and is a Certified Associate of the Indian Institute of Bankers.
Commenting on his new role, Shri. Srinivasan expressed enthusiasm about contributing to Paytm Money’s mission of transforming India’s investment landscape. “I am pleased to join Paytm Money’s board and contribute to its mission of transforming the investment landscape in India. With my broad experience in finance and banking, I am excited to work alongside a dynamic team dedicated to innovation and growth. Together, we will drive forward the vision of making investing accessible and impactful for all,” he said.
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Rakesh Singh, CEO and Whole Time Director of Paytm Money, welcomed Mr. Srinivasan's appointment, highlighting the value of his extensive experience. “We have built a strong consumer-centric platform over the past few years, keeping governance at the forefront of our efforts.
With Shri Srinivasan’s strong understanding of regulations and extensive experience across financial markets, we are committed to further enhancing these aspects. His valuable insights will be a tremendous asset to our board, as we continue to strengthen our practices and drive financial investments for millions of Indians on our platform,” Singh remarked.
Earlier this year, OCL also appointed Shri Rajeev Krishnamuralilal Agarwal, a former IRS officer and SEBI Whole Time Member, as a Non-Executive Independent Director to its board, underscoring Paytm’s dedication to strengthening corporate governance through additional regulatory and compliance expertise.