Paytm Money welcomes Cyrus Khambata to its Board of Directors
We are pleased to announce the appointment of Cyrus Khambata, former Executive Director (ED) of Central Depository Services (India) Ltd (CDSL) as Director, Paytm Money.
Cyrus comes with rich industry experience in capital markets, spanning over 40 years! (He is one of the most experienced members at Paytm Money)
Cyrus held leadership positions at CDSL that eventually led towards it becoming the leading depository in India. He was responsible for setting up multiple products & businesses which include KYC Registration Agency (KRA), Insurance Repository and others. Cyrus also served as the Managing Director of CDSL Ventures Limited (CVL) and CDSL Insurance Depository (CIRL) and completed his tenure as the Group Advisor to CDSL and its subsidiaries.
While we are excited to learn from his subject matter expertise, he is equally thrilled to be a part of Paytm Money — a disrupter in the personal finance space. Furthering the claim, he commented:
“What Paytm Money is presently doing in the mutual funds space is exemplary, innovative and brave! I am very excited to see how far technology & digital distribution can take personal finance and make investing easier for India. Paytm Money is spreading the investing culture by convincing users of bank deposits, which provide lower returns, to park their hard earned money in mutual fund schemes and other investment products, where returns can be much higher in the long run.”
Pravin Jadhav, Whole-time Director, Paytm Money added, “We are glad to welcome Cyrus Khambata to our board at Paytm Money. His rich experience in capital markets and market insights in building technology based products in investing domain will be extremely helpful in our next phase of product development and investor growth at Paytm Money.”