– Strengthens Paytm Money’s governance framework with Shri Agarwal’s appointment, reinforcing its commitment to compliance and good governance
Paytm Money, a wholly-owned subsidiary of One97 Communications Limited (OCL) and a leading wealth-tech platform that simplifies wealth management and equity investments through a technology-first approach, has announced the appointment of Shri Rajeev Krishnamuralilal Agarwal as an additional Non-Executive Independent Director on its Board. Shri Agarwal will also serve as a member of the Audit Committee as well as the Chairperson of the Risk Management Committee and the Corporate Social Responsibility (CSR) Committee at Paytm Money.
Shri Agarwal brings more than 40 years of valuable experience, including a distinguished 28-year tenure with the Indian Revenue Services. During his time as a Whole-Time Member of SEBI, he played a pivotal role in driving key market reforms, including the revival package for the mutual fund industry in 2012 and the landmark merger of the Forward Markets Commission with SEBI in 2015. He also spearheaded major initiatives such as enhancing transparency through IPO reforms, introducing the offer-for-sale mechanism for PSU disinvestment, and championing the growth of the SME exchange, which significantly expanded funding opportunities for small businesses and startups.
In addition to his role as a Non-Executive Independent Director on the Board of Paytm Money, Shri Agarwal currently serves on the board of One97 Communications (Paytm) as well. He holds key positions as Chairman and Independent Director at Trust Mutual Fund, and as Independent Director at ACC Ltd., Star Health Insurance, UGRO Capital Ltd., and MK Ventures Capital Ltd. His wealth of experience will bring invaluable insights and guidance to Paytm Money, strengthening its commitment to innovation, transparency, and investor empowerment.
Rakesh Singh, CEO – Paytm Money said, “Our mission is to democratize access to financial markets and simplify the investment journey for millions of Indians. Having made significant strides in enhancing our governance framework, we continue to innovate and expand our investment offerings. With Shri Agarwal’s deep expertise in governance and risk management, we are confident that his guidance will further strengthen these efforts and drive long-term, sustainable growth.”
Shri Agarwal joins the illustrious Board of Paytm Money, which also includes the likes of Shri Narasinganallore Venkatesh Srinivasan and Mr. Cyrus Khambata, both of whom bring over 4 decades of experience in banking, capital markets, finance and risk management. With these veterans on the Board strengthening the Company's governance, Paytm Money remains committed to drive compliance-first innovation in wealth-tech.
The platform also offers ‘Margin Pledge,’ allowing traders to use their stock holdings for leverage in trades, along with the Pay Later (MTF) facility for further leverage. The platform has expanded its range of services, including the launch of BSE Futures & Options (BSE F&O) trading, enabling traders to trade SENSEX and BANKEX Option contracts. Recently, the company launched a major revamp of its app, designed to make investing simpler and more seamless than ever. The redesigned app offers a more intuitive interface, personalized dashboards, and smarter tools to empower investors at every stage of their journey. With enhanced portfolio insights, smoother transaction flows, and actionable dashboards for Stock and F&O trading, the upgraded experience caters to the evolving needs of today’s investors, making informed decision-making easier and more efficient.
