Paytm has announced the appointment of former IAS officer Bimal Julka as a Non-Executive Independent Director, effective January 20, 2025. The decision, made during the Board of Directors meeting on Monday, aligns with the provisions of the Companies Act, 2013, and SEBI Listing Regulations, pending approval from the company’s members.

Julka, a 1979 batch IAS officer from the Madhya Pradesh cadre and former Central Chief Information Commissioner, brings a wealth of experience in public administration, governance, and information systems. His addition is expected to strengthen Paytm’s governance framework and enhance its leadership’s ability to navigate strategic priorities.

In tandem with this leadership update, Paytm’s Board of Directors approved key international expansion plans. Its subsidiary, Paytm Cloud Technologies (PCTL), will set up new subsidiaries in the United Arab Emirates, Saudi Arabia, and Singapore, acting as step-down entities. This move underscores Paytm’s commitment to broadening its global footprint and capitalizing on opportunities in these rapidly growing markets.

“These new entities will help us tap into dynamic opportunities across these regions, supporting our vision of expanding Paytm’s global presence and leveraging the potential of these fast-growing markets,” the company stated.

With these strategic initiatives, Paytm is poised to enhance its governance capabilities and expand its influence in the international arena, reinforcing its position as a leader in the digital payments ecosystem.

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