Delhivery’s Longest-Serving Independent Director Srivatsan Rajan To Step Down; Yashish Dahiya & Dr. Padmini Srinivasan Join Board
Srivatsan Rajan, who joined the Delhivery Board in July 2015, will step down as an Independent Director effective September 30, 2025.
Yashish Dahiya, Chairman and Chief Executive Officer (CEO) of PB Fintech, and Dr. Padmini Srinivasan, Chairperson of the Centre for Corporate Governance and Sustainability at IIM Bangalore, will join as Non-Executive Independent Directors.
Delhivery stated that the Board transition will take place over the next four quarters.
Rajan currently serves as an Advisory Partner at Bain & Company in San Francisco. He was previously a Partner at Cota Capital, an early-stage venture fund, and spent over 25 years at Bain & Company across India, Boston, and San Francisco. He served as Managing Partner and later Chairman of Bain India. He is an active investor and advisor to startups and funds and holds leadership roles in several non-profits, including chairing the Advisory Board of Akshaya Patra in India and serving as Vice-Chair of Akshaya Patra USA. Rajan is also involved with the Central Square Foundation, the Convergence Foundation, ILSS, and the Udaiti Foundation. He holds an MBA from Wharton and a postgraduate degree from IIM Calcutta.
Dahiya is the Chairman and CEO of PB Fintech, the parent company of Policybazaar.com, which he co-founded in 2008. Under his leadership, Policybazaar has become a leading digital insurance marketplace in India, facilitating over USD 2 billion in premiums and serving more than a million customers each month. Before his entrepreneurial venture, he was Managing Director of ebookers.com, a pan-European online travel distributor listed on Nasdaq and part of the FTSE 250. He also worked as a management consultant with Bain & Company in London. Dahiya holds a bachelor’s degree in engineering from IIT Delhi, a postgraduate diploma in management from IIM Ahmedabad, and an MBA from INSEAD.
Dr. Srinivasan is Chairperson of the Centre for Corporate Governance and Sustainability and of Executive Education at IIM Bangalore, where she teaches and researches financial reporting and analysis, Corporate Governance and ethics, and management accounting. She serves as a board member and Public Interest Director at BSE Ltd. Her past roles include membership in the International Integrated Reporting Council Academic Network Oversight Body and as special invitee to the Accounting Standards Board and Auditing Standards Board of ICAI. Dr. Srinivasan holds a PhD from the National Law School of India University, Bangalore, is a Fellow Member of the Institute of Chartered Accountants of India (ICAI), and is an Associate Member of the Institute of Company Secretaries of India (ICSI).
