Paytm, the Gurugram-based fintech major, has appointed Mr. Bimal Julka, a former IAS officer, as a Non-Executive Independent Director, effective January 20, 2025. His appointment, which is for five years, is subject to approval from shareholders and compliance with the Companies Act, 2013, and SEBI Listing Regulations.
Mr. Julka, a 1979 batch IAS officer from the Madhya Pradesh cadre, has held prominent positions, including Chief Information Commissioner and Chief Secretary of Madhya Pradesh. He has a distinguished administrative career in sectors like Civil Aviation, Information and Broadcasting, External Affairs, Finance, and Public Relations. His leadership in key projects, such as reforms in various ministries and his role in resolving the Bhopal Gas tragedy, has earned him significant recognition. Paytm expects his expertise in public policy, administration, and business strategy to strengthen its governance framework and decision-making processes.
In addition to Mr. Julka’s appointment, Paytm’s board approved plans for global expansion. Its subsidiary, Paytm Cloud Technologies (PCTL), will establish new subsidiaries in the UAE, Saudi Arabia, and Singapore, aiming to tap into international markets with a growing demand for digital payments and fintech services. This expansion aligns with Paytm’s goal of becoming a leading global digital finance platform.
