Rajeev Agarwal Joins Paytm Money: A New Era for Governance and Growth

Fintech company One97 Communications, owning Paytm, has appointed Rajeev Agarwal as a non-executive independent director at Paytm Money. Agarwal, a former SEBI member with over 40 years of financial experience, will also serve on various committees, contributing to governance and risk management strategies.

One97 Communications, the fintech firm behind the Paytm brand, has made a significant appointment by bringing Rajeev Agarwal on board as an additional non-executive independent director for its subsidiary, Paytm Money. The announcement was made on Thursday, signifying strategic steps towards enhanced governance.

Rajeev Agarwal's notable career, marked by a 28-year tenure with the Indian Revenue Services and crucial roles in the Securities and Exchange Board of India (SEBI), highlights his expertise. During his time at SEBI, he played a pivotal role in introducing key market reforms, such as the mutual fund industry revival package in 2012 and merging the Forward Markets Commission with SEBI in 2015.

In his new position, Agarwal will contribute significantly to Paytm Money's committees, focusing on audit, risk management, and corporate social responsibility. His governance and risk management acumen are expected to guide Paytm Money towards sustainable growth, as acknowledged by CEO Rakesh Singh. Agarwal's board roles at One97 Communications and other financial institutions further underscore his industry influence.

(With inputs from agencies.)