Paytm Appoints Rajeev Agarwal as Independent Director

The Board of One 97 Communications Limited has approved the appointment of Rajeev Krishnamuralilal Agarwal as a Non-Executive Independent Director with immediate effect for five years. He replaced Neeraj Arora, who had tendered his resignation due to his preoccupation and other personal commitments. He will cease to be a Non-Executive Independent Director with effect from the closure of business hours on June 17, 2024.

Agarwal, an engineering graduate from I.I.T. Roorkee, belongs to the 1983 batch of the Indian Revenue Service and has wide experience in securities markets, commodity markets, and taxation. He was a Whole-Time Member of SEBI for 5 years; a Member of the Forward Markets Commission, the erstwhile regulator of commodity futures markets, for 5 and a half years; and a member of the Indian Revenue Service for 28 years. He also supervised the smooth merger of commodity market regulators, the Forward Markets Commission, with SEBI in 2015 – merger of regulators being a very rare event globally. He has wide exposure to global markets and their regulations, having interacted with global peers and international bodies such as IOSCO and the Pacific Pension Investment Institute in San Francisco, a body of global pension funds. Presently, he is running an advisory firm in the capital market, advising Indian corporates and start-ups on regulatory issues and corporate governance. He is Chairman and Independent Director on the Board of AMC of Trust Mutual Fund and Independent Director on the Boards of ACC, Star Health Insurance, UGRO Capital, and MKVentures Capital.