MUMBAI : Paytm Money has strengthened its leadership by appointing Rajeev Krishnamuralilal Agarwal as an additional non-executive independent director. With decades of regulatory expertise, he will lead risk management, corporate social responsibility, and audit functions, strengthening the platform’s focus on governance and investor trust.

Agarwal brings over 40 years of experience, including a 28-year tenure with the Indian Revenue Services and a significant stint as a whole-time member at SEBI. During his time at SEBI, he played a crucial role in major market reforms, including the 2012 revival package for mutual funds, the 2015 merger of the Forward Markets Commission with SEBI, IPO transparency reforms, and the establishment of the SME exchange to facilitate startup funding.

Currently, Agarwal serves on the board of One97 Communications (Paytm) and holds key positions at Trust Mutual Fund, Acc Ltd., Star Health Insurance, Ugro Capital Ltd., and Mk Ventures Capital Ltd. His expertise is expected to strengthen Paytm Money’s governance, risk management, and strategic direction.

Paytm Money CEO Rakesh Singh highlighted the appointment’s significance, stating, “With Agarwal’s deep governance expertise, we are confident that his guidance will further enhance our efforts to democratise financial markets and drive sustainable growth.”

Agarwal joins an experienced board that includes Narasinganallore Venkatesh Srinivasan & Cyrus Khambata, both of whom bring extensive experience in banking, capital markets, and finance.