Get All Access for $5/mo

Paytm Appoints G S Sundararajan To Its Board The Board also announced the retirement of independent director, Mark Schwartz, upon the completion of his service tenure

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Paytm Twitter handle

One97 Communications Limited, parent company of digital payments and financial services company, Paytm, has announced the appointment of financial service veteran G S Sundararajan as an independent director on the board, along with the retirement of independent director, Mark Schwartz, upon the completion of his service tenure.

"Having worked with Mark for the last five years, I have gained a friend, mentor and guide who has an exemplary understanding of how businesses can grow and scale. I want to extend my gratitude and thank Mark for his support over the years. I would also like to take this opportunity to welcome G S Sundararajan, a respected leader in the banking and financial industry, to our Board," said Vijay Shekhar Sharma, founder and CEO, Paytm, in a statement.

Commenting on the service tenure and work experience in the company, Mark Schwartz, said in a statement that, "Over my association with Paytm, I have seen the company grow and redefine the digital payments space in India. As I move on from its Board, I remain excited about its future, and will continue to cheer for Paytm. I wish the Paytm team all the best in its future endeavors."

The newly on boarded Sundararajan has an excellent track record in the financial sector. He was earlier the group director of Shriram Group and currently serves on the Board of several reputed companies. He also served as the managing director of SME and asset-based finance business for Citibank India.

"Paytm is a pioneer in the digital payments space in India and a household name. The company's trajectory towards being a financial services giant is phenomenal, as it leverages its digital reach to drive financial inclusion. I'm looking forward to my association with Paytm team," said G S Sundararajan, in a statement, while talking about his appointment.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Academic Excellence Is Not Necessary for Success in Life: Hear from the Founder of this Exciting New Digital Education Platform.

Many educational platforms are emerging these days to help people qualify for various types of entrance examinations. But what about the students who don't want to take the traditional path, the ones who don't rank among the top 10 in the classroom yet still aim high in life?

Science & Technology

No More ChatGPT? Here's Why Small Language Models Are Stealing the AI Spotlight

Entrepreneurs can leverage this growing tech to create innovative, efficient and targeted AI solutions.

Growing a Business

We're Great at Wishing and Bad at Making Choices — How Obscure Goals and Narrow Targets Derail Our Success

When we're trying to reach a goal, we lose sight of the fact that we need to make tradeoffs. Goals aren't as simple as a proclamation — they are part of a bigger strategy.


Four Takeaways for the Franchise Industry From My Time at the Republican National Convention

Matt Haller, President and CEO of the IFA, says the stakes are high for franchisors and franchisees in the upcoming presidential election.

Growing a Business

The Top 5 AI Tools That Can Revolutionize Your Workflow and Boost Productivity

Discover the top 5 AI tools for marketing and content creation that every marketer needs to know.