Phonepe, India's main virtual payments platform, has appointed banking veteran Zarin Daruwala to its board of administrators because the Walmart-backed employer is preparing for its initial public offering.
The appointment comes months after Daruwala concluded her nine-to-12-month tenure as leader and executive officer of Preferred Chartered Bank's india operations in march 2025.
Daruwala brings 35 years of banking experience to phonepe, consisting of her previous function as president of wholesale banking at ICICI Bank, where she managed one of India's biggest company banking portfolios.
The appointment reflects phonepe's approach to reinforce its governance structure with pro-monetary services leaders because it is moving in the direction of its public marketplace debut. The primarily Bengaluru-based enterprise transformed from
Phonepe personal
Constrained to phonepe restricted in april 2025, following a superb, well-known assembly that accredited the restructuring beforehand of its planned IPO.
The Bengaluru-based enterprise mentioned a seventy-three percent rise in its FY24 revenue to Rs 5,064 crore from Rs 2,914 crore within the previous fiscal 12 months. Furthermore, the agency grew to become adjusted profit after tax (PAT) wonderful after reporting an income of Rs 197 crore, except for ESOP-associated fees, at some stage in the duration after reporting a lack of Rs 738 crore in FY22-23.
The sameer Nigam-led fintech moved its base from
Singapore to India
In 2022, eyeing a public listing. It has maintained a stronghold in India's wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital bills area after recording over 798 crore UPI transactions in december 2024—a seventy-eight percent upward push from the transactions registered in November.
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