UTI Asset Management Company Limited has appointed Narayan Subramaniam Ayypankav as an Additional Director (Non-Executive Independent) of the company, with effect from 31 July 2026. The appointment, approved by the board via circular resolution, is for a period of three consecutive years from 31 July 2026 to 30 July 2029 and is subject to the approval of the shareholders. The company has disclosed that all statutory disclosures required in connection with the appointment have been received.
Narayan Subramaniam Ayypankav brings more than three decades of experience in finance and financial services, with a career largely spent at the Kotak Mahindra Group. His leadership roles span banking, capital markets, broking, treasury, commercial lending and asset management. He has served on the Group Management Council of Kotak Mahindra Bank and has held CEO and senior governance positions across Kotak group entities, including Managing Director & CEO of Kotak Securities and Group President – Commercial Banking and – Treasury. After retirement from executive roles, he remained as an advisor to Kotak Mahindra Bank until May 2024, underscoring a track record of strategic governance and operating depth within regulated financial services.
The appointment is noted as non-retireable for three years and as not being related to any existing director. Ayypankav’s nomination reflects UTI AMC’s emphasis on reforging its board with independent oversight and extensive financial-market experience, aligning with its ongoing governance and strategic stewardship in an evolving asset-management landscape. The move signals a focus on strengthening board-level governance and strategic counsel as the company navigates a competitive and regulation-sensitive ecosystem.
As UTI AMC integrates this addition into its governance framework, the board will look to Ayypankav to contribute to risk oversight, capital allocation discipline, and strategic growth initiatives, leveraging his deep experience across banking, markets and treasury functions at Kotak Group.