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PayU Payments Appoints Ex-HDFC MD Renu Sud Karnad As Chairperson Of Board

Inc42 · 1y ago

PayU Payments Appoints Ex-HDFC MD Renu Sud Karnad As Chairperson Of Board

PayU Payments, a digital payments major backed by Prosus, has made five new appointments to strengthen its board. Renu Sud Karnad, former MD of HDFC, joins as an independent director and chairperson. Other appointments include Gopika Pant and Jairaj Purandare as independent directors, Laurent Le Moal, former global CEO of PayU Group, as a non-executive and non-independent director, and Jan Bune as a non-executive and non-independent director. The board members will provide strategic counsel to guide PayU Payment in its next phase of growth. PayU Payments offers payment gateway solutions to online businesses and is preparing for a $500 million IPO.

Related News

PayU Payments appoints former HDFC chief Renu Sud Karnad as new Chairperson

Livemint

Livemint · 1y ago

PayU Payments appoints former HDFC chief Renu Sud Karnad as new Chairperson

PayU Payments, owned by Prosus, has added five new members to its board of directors to enhance its strength and strategic guidance. The board now comprises seven members, with Renu Sud Karnad, former MD of HDFC, as the chairperson. Other new members include Gopika Pant, Managing Partner at Indian Law Partners, Jairaj Purandare, Founder and Chairman of JMP Advisors Pvt Ltd, Laurent Le Moal, former Global CEO of PayU Group, and Jan Bune, a former Partner at Deloitte Netherlands. The expansion aims to bolster PayU's presence in the evolving Indian payments landscape.

PayU onboards former HDFC MD Renu Sud Karnad as new Chairperson

IndianStartupNews

IndianStartupNews · 1y ago

PayU onboards former HDFC MD Renu Sud Karnad as new Chairperson

Prosus-owned fintech company PayU Payments has expanded its board of directors to include seven members. The board appointments, which include Renu Sud Karnad as Chairperson, aim to enhance the company's strategic direction and growth in India's dynamic payments landscape. The new members bring a range of expertise in finance, law, and business leadership. PayU CEO Anirban Mukherjee expressed his excitement and noted that the collective wisdom of the board will greatly benefit PayU as it enters the next phase of growth. Karnad, with over four decades of experience in the financial services sector, brings invaluable skills and insights to the board.

PayU makes five new additions to board, Laurent Le Moal joins as non-independent director

Economic Times

Economic Times · 1y ago

PayU makes five new additions to board, Laurent Le Moal joins as non-independent director

Indian fintech company PayU Payments has appointed five new members to its board of directors to strengthen corporate governance and risk management. Renu Sud Karnad, president of the International Union of Housing Finance and former managing director of Housing Development Finance Corporation, has been appointed chairperson and independent director. Laurent Le Moal, former global CEO of PayU, has joined as a non-independent director, while Jan Bune, Gopika Pant, and Jairaj Purandare have also joined as directors. PayU India is working towards a public listing and is awaiting a decision on its payment aggregator license from the Reserve Bank of India.

PayU Payments appoints RBI, Prosus execs to board after securing PA licence

YourStory

YourStory · 1m ago

PayU Payments appoints RBI, Prosus execs to board after securing PA licence

PayU Payments has enhanced its board with three new directors following final RBI authorization as a payment aggregator. Subhash Mundra and Manoj Kumar Agarwal join as independent directors, while Ashutosh Sharma serves as a non-executive director. The board, now comprising eleven members, is poised to leverage these appointments to further technological innovation and corporate governance. PayU, part of Prosus, aims to expand its digital payment infrastructure and services after receiving RBI's final approval.

Infibeam Avenues appoints ex-SBI pension fund MD N Sadanandan as independent director

YourStory

YourStory · 1y ago

Infibeam Avenues appoints ex-SBI pension fund MD N Sadanandan as independent director

Indian fintech company Infibeam Avenues has named Narayanan Sadanandan as an independent director. Sadanandan, former MD and CEO of SBI Pension Funds, brings more than 40 years of experience to the role. He will help strengthen the company's governance framework. Sadanandan's appointment is pending shareholder approval. Infibeam Avenues offers digital payment solutions through CCAvenue, as well as payment issuing services and a spend management platform for corporate payments and accounting. The company's net profits rose by 12.2% to INR 209.5 crore ($28 million) for the financial year ended 31 March 2024.

HDFC AMC appoints Harish Narayanan as chief marketing officer and chief digital officer

Money Control

Money Control · 1y ago

HDFC AMC appoints Harish Narayanan as chief marketing officer and chief digital officer

HDFC AMC has appointed Harish Narayanan as the chief marketing officer and chief digital officer. Narayanan will be responsible for leading the company's marketing and digital initiatives. With over 17 years of experience, he has previously worked at Upstox as the chief growth officer and Myntra as the chief marketing officer and head of monetization. Narayanan's expertise and innovative approach are expected to be valuable additions to the HDFC AMC team. The company recently extended the term of its MD & CEO, Navneet Munot, by another five years.

PayU appoints Axis Bank fraud risk head Pramod Rao as its new chief risk officer

Economic Times

Economic Times · 5m ago

PayU appoints Axis Bank fraud risk head Pramod Rao as its new chief risk officer

Digital payments firm PayU has appointed Pramod Rao as its Chief Risk Officer. Rao, with nearly three decades in banking and telecom, will oversee risk management and regulatory compliance. His experience in financial security and fraud prevention is expected to enhance PayU's risk framework. The appointment follows leadership changes at PayU, including new roles for Pranav Pandya, Dimple Mehta, and Rahul Bharadwaj, as the company expands into a comprehensive fintech platform.

IPO-bound Swiggy appoints Suparna Mitra as an independent director

Entrackr

Entrackr · 1y ago

IPO-bound Swiggy appoints Suparna Mitra as an independent director

Swiggy has announced the appointment of Suparna Mitra as an independent director to its board. The move comes at a time when the Prosus-backed foodtech company is readying itself for public listing. Mitra, who was the CEO of Titan Company Limited’s Watches and Wearables Division, brings over 30 years of experience in lifestyle and retail. Mitra has joined Swiggy’s distinguished list of independent directors that includes Anand Kripalu, MD & Global CEO at EPL Limited and Chairperson of the Swiggy board, Shailesh Haribhakti, chairman of Shailesh Haribhakti & Associates, and Sahil Barua, MD and CEO at Delhivery. Swiggy has seen a few key executives’ departures at the management of late. Some of the notable executives who have left the firm since April last year are Karan Arora (VP and head of supply chain management), Nishad Kenkre (VP and head of revenue and growth at Instamart), Ashish Lingamneni (VP and head of brand and product marketing), Dale Vaz, chief technology officer, and senior VP Karthik Gurumurthy. Meanwhile, it has also announced new appointments such as Ashwath Swaminathan as its chief growth & marketing officer and Anirban Roy and Dipak Krishnamani as VP of Growth and VP of Swiggy Mall, respectively. As mentioned above, the foodtech firm is in the process to file its IPO papers soon. According to Entrackr‘s exclusive report, Swiggy booked Rs 5,476 crore in revenue from operations during the first three quarters of financial year FY23. The company recorded $200 million (approximately Rs 1,600 crore) loss for the nine months.

PayU appoints Shailesh Paul as CEO of Wibmo

Entrackr

Entrackr · 2m ago

PayU appoints Shailesh Paul as CEO of Wibmo

PayU appoints Shailesh Paul as CEO of Wibmo. Digital financial services provider PayU has appointed Shailesh Paul as the Chief Executive Officer (CEO) of Wibmo, the company’s paytech division. According to Wibmo, Shailesh Paul will lead the company’s strategic vision and execution, driving sustainable growth and innovation. He will be instrumental in forging strategic alliances worldwide, advancing Wibmo’s leadership in authentication, digital identity, and fraud prevention. Under his leadership, it will scale its secure transaction platforms and risk-based decision-making solutions, aligning with evolving market demands and regulatory landscapes. “I’m excited to join the talented Wibmo team and the broader PayU leadership team as we push beyond conventional boundaries and create lasting value through trust, innovation, and excellence,” said Shailesh Paul. Prior to joining Wibmo, Shailesh spent over 18 years at Visa, most recently serving as Global Head of SMB Acceptance and previously as Head of Merchant Acquiring for India & South Asia. Shailesh has held various leadership roles in partnerships, product development and business development with prior experience at Standard Chartered and Mastercard. Wibmo, owned by PayU, operates with entities in India, the US, and Indonesia. It is a global full-stack PayTech company that offers payment security and digital payments in emerging markets. The platform also offers fraud and risk management solutions, digital financial services, prepaid solutions, and a variety of merchant-acquiring services. PayU provides payment gateway solutions to online businesses and claims to have empowered over 5 lakhs businesses, including India’s leading enterprises, e-commerce giants and SMBs.

Cashfree appoints ex-Razorpay executive Harsh Gupta as CRO

Economic Times

Economic Times · 1y ago

Cashfree appoints ex-Razorpay executive Harsh Gupta as CRO

Former Razorpay SVP Harsh Gupta has joined Cashfree Payments as its Chief Revenue Officer. In his new role, Gupta will oversee the company's growth strategies, sales, revenue operations, and market expansion in India. Additionally, Cashfree's Chief Business Officer, Arun Tikko, will lead the company's international expansion efforts. Cashfree Payments holds a payment aggregator license since December 2023 and currently processes over $80 billion worth of transactions annually, serving more than 600,000 Indian businesses.

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