One97 Communications Limited, the Paytm parent, is shaking up its leadership and governance as it moves to broaden the board with independent voices while reshaping its senior management slate. In a July 3, 2026 board meeting, the company announced the appointment of two Non-Executive Independent Directors: Narasinganallore Venkatesh Srinivasan, effective July 5, 2026 for a three-year term, and Sachee Trivedi, effective July 5, 2026 for a three-year term, subject to member approval. Srinivasan brings four decades of experience across finance, capital markets, banking, risk and treasury management, with leadership stints at IDBI and AMFI, while Trivedi, founder and managing partner of Trident Capital Investments, has deep exposure to global equities investing and regulatory advisory, spanning the US and Europe. To complement this, the company has also elevated three internal Senior Management Personnel (SMPs) to broaden leadership coverage across investor relations, loan distribution, and consumer payments, effective July 3, 2026.
In a parallel development, the company accepted the resignation of Urvashi Sahai from the office of Whole-time Director and Key Managerial Personnel, effective at the close of business on July 5, 2026, to focus on her executive responsibilities. Sahai will continue to serve the company as General Counsel & Senior Vice President – Legal and will be designated as Senior Managerial Personnel from July 6, 2026. The Board and management expressed appreciation for Sahai’s guidance during her tenure. The company also designated Anuj Mittal (Senior Vice President – Investor Relations), Avijit Jain (Senior Vice President & Chief Operating Officer – Loan distribution), and Vikash Jalan (Chief Operating Officer – Consumer Payments) as additional SMPs with effect from July 3, 2026, underscoring Paytm’s drive to strengthen core growth engines in finance, lending, and payments.
Taken together, these moves reflect a deliberate balance between inviting external governance to steer growth and ensuring continuity with a strengthened executive team, signaling Paytm’s roadmap to higher profitability and scaled operations in a rapidly evolving digital payments landscape.