GS Sundararajan joins the board of Paytm

29 Aug 2022 , 09:12 AM

In a stock exchange filing, One 97 Communication Ltd., the company that owns Paytm, announced the appointment of GS Sundararajan as an independent director to its board. Sundararajan is a veteran of the financial services industry. Sundararajan has been given a five-year appointment that will end on August 27, 2027. In addition to serving as the CEO and MD of Fullerton India Credit Firm Ltd., a registered non-banking financing company that serves consumers in the retail and commercial mass market, Sundararajan formerly served as the group director of Shriram Group.

Sundararajan was the MD of Citibank India’s small and medium enterprises (SME) and asset based loan business practice before joining Fullerton.

Along with this, Paytm also disclosed that Mark Schwartz, a longtime independent director, will step down after his term was up. In October 2016, Paytm appointed Schwartz, a former chairman of Goldman Sachs’ Asia Pacific region, to its board of directors.
 
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