One Mobikwik Systems Limited announced on September 18, 2026 that Raghu Ram Hiremagalur Venkatesh has tendered his resignation as Non-Executive Independent Director, with immediate effect, citing pre-occupation with other professional commitments. The move marks a governance shift for the Gurugram-based fintech group as it maintains its independent oversight on the board.
Venkatesh’s departure removes an independent voice from the board, though the company clarified that there are no other material reasons beyond his stated pre-occupation. The resignation follows his email to the board in which he expressed gratitude to management and fellow directors for the support during his tenure, and extended best wishes for the company’s ongoing efforts.
Ankita Sharma, the Company Secretary and Compliance Officer, acknowledged the resignation and noted that the company would consider the anticipated next steps to preserve the balance of independent directors on the board. As One Mobikwik continues its strategic journey, the organization will likely initiate the process to fill the vacancy to ensure ongoing governance rigor and independent oversight.
Market observers will be watching how the leadership transition unfolds, particularly as the company sustains its growth trajectory in a competitive fintech landscape.