PayU Payments Appoints Renu Karnad as Chairman, Adds Industry Experts

PayU Payments Pvt Ltd has announced the appointment of former HDFC Managing Director Renu Sud Karnad as the Chairman of its Board of Directors, alongside Laurent Le Moal, former global CEO of PayU, and other industry experts.

Karnad’s role as Chairperson of the Board is joined by independent directors Gopika Pant and Jairaj Purandare, as well as non-executive and non-independent directors Le Moal and Jan Bune. This addition, along with PayU CEO Anirban Mukherjee and CFO Arvind Agarwal, brings the total Board strength to seven members.

Anirban Mukherjee expressed satisfaction with the formation of the Board, stating, “We’re delighted to have built an outstanding Board to offer us counsel and guidance as we build a full stack of digital financial services to serve India, advance digitisation and drive financial inclusion.”

Mukherjee further emphasized the significance of Renu Sud Karnad’s appointment, noting her extensive experience in financial services. He remarked, “I’m especially pleased that Ms Renu Sud Karnad has agreed to join our Board of Directors as Chairperson. With a strong background in financial services, gained from her illustrious career, Renu will bring the skills and experience required to make a material contribution to PayU’s future.”

Currently serving as the President of the International Union of Housing Finance (IUHF) and Chairperson of the Board of GlaxoSmithKline Pharmaceuticals Ltd, Karnad expressed her enthusiasm for joining PayU’s Board. She stated, “I am glad to be on the board of PayU Payments, a world-class company built in India and serving India as a key market. I look forward to helping the team to build a diversified financial services organisation promoting digitisation using cutting-edge technology.”