Mr. Narasinganallore Venkatesh Srinivasan (DIN: 01893686) appointed as Non-Executive Independent Director, effective July 05, 2026, for a term of three consecutive years, subject to shareholder approval in the ensuing Annual General Meeting.
Brings over four decades of experience in finance, capital markets, banking, risk, and treasury management. Former CEO of Association of Mutual Funds in India (AMFI) and held senior positions at IDBI including Chief Financial Officer and Executive Director.
Expert in Bank Strategy, Mergers & Acquisitions, and Turnaround of Banks. Served on RBI's Technical Advisory Committee on Money Market, Securities Market & Foreign Exchange (2011-2016) and was Chairman of FIMMDA.
Currently ex-officio member of Hybrid Securities Committee and CEO of Bharat InvITs Association. Not related to any existing director and not debarred from directorship.
Ms. Sachee Trivedi (DIN: 11767043) appointed as Non-Executive Independent Director, effective July 05, 2026, for a term of three consecutive years, subject to shareholder approval.
Founder and Managing Partner of Trident Capital Investments, a FPI fund investing in India. Former Fund Manager with Columbia Threadneedle Investments in London.
Brings over two decades of experience in global equities investing and regulatory advisory in financial services across US and Europe, with strong technology background.
Holds leadership roles in Indian Business Chamber of Luxembourg (IBCL) and is a founding member of Luxembourg chapter of 100 Women in Finance.
Qualifications: Electrical Engineering from IIT Kanpur and University of Maryland, MBA from Columbia Business School. Not related to any existing director and not debarred.
Resignation and Re-designation
Ms. Urvashi Sahai (DIN: 09521316) resigned from her position as Whole-time Director and Key Managerial Personnel, effective from closure of business hours on July 05, 2026.
Reason: To focus on her executive responsibilities within the Company.
Consequently, her membership in the Stakeholders' Relationship Committee concludes effective July 05, 2026.
She will continue serving as General Counsel & Senior Vice President – Legal and will be designated as Senior Managerial Personnel effective July 06, 2026.
Previous experience: General Counsel and Senior Vice President – Legal for Walmart India, and prior experience with Amarchand Mangaldas and Suresh A. Shroff.
Designation of Senior Management Personnel
Mr. Anuj Mittal (Senior Vice President – Investor Relations) designated as additional Senior Management Personnel effective July 03, 2026.
MBA Finance & B. Tech, with over two decades of experience in Capital Markets, Strategy, Investor Relations, and Treasury. Previously at L&T Finance, J.P. Morgan, Standard Chartered Bank, and Piramal Finance.
Mr. Avijit Jain (Senior Vice President & Chief Operating Officer – Loan distribution) designated as additional Senior Management Personnel effective July 03, 2026.
Masters in Commerce, leads digital lending businesses. Previously spent over 17 years with HDFC Bank as Senior Vice President leading retail banking, SME lending, and digital transformation.
Mr. Vikash Jalan (Chief Operating Officer – Consumer Payments) designated as additional Senior Management Personnel effective July 03, 2026.
Bachelor of Engineering, leads consumer businesses including UPI, Recharges & Bill Payments, Transit and Gift Vouchers. Also serves as CEO of Nearbuy (Paytm subsidiary). Previously co-founded RentOnGo and held positions at Flipkart and Goldman Sachs.
Key Financial or Operational Approvals
All appointments and designations were approved by the Board of Directors at its meeting held on July 03, 2026, based on recommendations from the Nomination and Remuneration Committee.
The Board meeting commenced at 08:05 p.m. (IST) and concluded at 08:35 p.m. (IST).
Strategic or Business Context
The appointments are described as "strengthening the Company's Board with independent directors as the Company pursues next phase of growth and higher profitability."
Any Other Material Information
All changes are made pursuant to Regulation 30 of SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The disclosure includes confirmation that all appointed individuals are not debarred from holding directorship by SEBI or any other authority.
Necessary annexures with detailed information are provided as required by regulations.
