PayU Strengthens Board with Appointment of Three New Directors, Reinforces Focus on Governance and Growth
PayU Payments, a leading digital payment services provider in India, announced the appointment of three new members to its Board of Directors on Friday, marking a strategic step towards strengthening its leadership and corporate governance framework.
The company has appointed Subhash Mundra, former Deputy Governor of the Reserve Bank of India (RBI), and Manoj Kumar Agarwal, Co-Founder and President of DevRey—an agentic AI firm—as Non-Executive Independent Directors. Ashutosh Sharma, Head of Investments and M&A for India at Prosus Ventures, has joined the Board as a Non-Executive Non-Independent Director.
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Following these additions, PayU’s Board now comprises 11 members, including 5 Independent Directors, reflecting the company’s commitment to maintaining a balanced and diverse governance structure.
Commenting on the development, Anirban Mukherjee, CEO of PayU, said, “The addition of new directors to PayU Payments’ board reinforces the company’s unwavering commitment to upholding the highest standards of corporate governance, customer experience, and ethical practices. Their strategic guidance will be instrumental in strengthening PayU’s evolution into a comprehensive provider of digital payments, financial, and technological services.”
Earlier this month, PayU received final authorisation from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator, a major regulatory milestone that allows the company to deepen its fintech offerings and expand its merchant network across India.
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The new Board members bring decades of experience in banking, fintech, investment strategy, and artificial intelligence, areas that align closely with PayU’s evolving business model. With these appointments, PayU aims to further solidify its position as a trusted and innovative player in India’s digital payments and financial services sector.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
