A regulatory statement on Monday stated that Neeraj Arora, the former CBO of WhatsApp, had resigned from the board of One97 Communications, the fintech company that owns the Paytm brand, citing personal commitments and preoccupations.
Before the company’s first public offering (IPO), Arora had resigned from the Paytm board in early 2018.
At its meeting today, June 17, 2024, the Board noted that Non-Executive Independent Director of the Company Shri Neeraj Arora has offered his resignation due to personal obligations and preoccupation. As a result, effective from the end of business hours on June 17, 2024, he will no longer serve as a non-executive independent director, according to a regulatory filing made by Paytm.
Arora had a significant role in the negotiations of WhatsApp’s merger with Facebook, the dominant player in the social media space.
He is a co-founder of Venture Highway, a venture capital business, and his own social networking site, Hallo App.
Rajeev Krishnamuralilal Agarwal, a former full-time director of SEBI, has joined Paytm as an independent director for a period of five years.
The complaint claims that Agarwal oversaw and managed the critical equity policy, as well as divisions that dealt with markets, bonds, currency and commodities, mutual funds, foreign investors, international affairs, and corporate governance, during his time on the SEBI Board.
According to the filing, “He was in charge of the Mutual Fund Industry’s revitalization package in 2012.”
