Paytm appoints Pallavi Shroff as board member to drive next phase of growth
Paytm’s parent firm One97 Communications has a new board member in Pallavi Shroff. The company is banking on the the managing partner at law firm Shardul Amarchand Mangaldas, and seasoned business veteran, to drive the next phase of growth for its payments and e-commerce business.
Shroff will be the seventh member serving as an independent director on the board of One97 Communications Ltd, the holding company of Paytm’s digital payments entity and e-commerce firm Paytm Mall.
One97 Communications board has been expanding its board with more and more investors being awarded seats. In December 2017, investor Softbank’s Kabir Misra was appointed as a director on its board.
“Mrs. Shroff is one of the most distinguished leaders of the legal and corporate fraternity in India. We are delighted to welcome her to our board. We are building our financial services business, and aim to provide access to lending, insurance and wealth management solutions to a large, under-served population. Her experience will be key to the next phase of our growth plans,” Paytm founder and chief executive officer Vijay Shekhar Sharma said in a statement.
Commenting on the appointment to the board, Shroff said: “I look forward to serving on their board, and guiding them on matters related to governance law and regulations.”
Besides Shroff Paytm’s board of directors includes founder Vijay Shekhar Sharma, Kabir Misra, managing partner at SoftBank Capital, Joe Tsai, vice-chairman at Alibaba Group Holding Ltd, former Google executive Amit Singhal, Mark Schwartz, vice-chairman at Goldman Sachs Group, Ravi Adusumalli of SAIF Partners and Eric Jing, CEO of Ant Financial.
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