PC: BW People
PayU India appointed Pramod Rao as its Chief Risk Officer to fill this strategic position. The company announced this strategic move when readying its long anticipated Initial Public Offering (IPO) that will lead to public listing between the second half of 2025. During this stage of expansion Rao will strengthen PayU’s risk management efforts through his extensive experience in the field.
The new role of Pramod Rao brings extensive experience to the table after he worked as the Head of Fraud Management at Axis Bank. Rao holds senior-level positions in major financial institutions starting from Vodafone Idea up to Citibank and proceeding through IDBI Bank and ICICI Bank before he joined HSBC. The financial expertise along with risk management knowledge of Rao positions him to execute PayU’s regulatory compliance strategies and operational protection initiatives.
Under his role as Chief Risk Officer Rao will execute his responsibility to establish a complete risk management framework that addresses financial risks alongside operational risks and regulatory risks. The position demands substantial responsibility because PayU is expanding services and maintaining a base of 500,000 merchants across its payments and credit and PayTech sectors in India. The company demonstrates its significant digital payment space impact through its annual TPV surpassing $60 billion.
Other than appointing Rao PayU selected several important senior management roles. The company appoints Pranav Pandya as Chief Compliance Officer and Dimple Mehta as Company Secretary while Rahul Bharadwaj holds the position of Head of Operations. Ashok Patil serves PayU as Chief Risk Officer specifically dedicated to leading the company’s credit business operations. The corporate governance and operating effectiveness improvements reflect PayU’s preparations for its upcoming IPO through these appointments.
Rapid growth defines the Indian digital payments sector which advances from increasing internet connectivity and smartphone ownership and the growing preference for cashless transactions. The leadership position in its market sector makes PayU’s simultaneous growth efforts and risk management capabilities well-timed for industry development. PayU positions itself for a positive future as a public company by utilizing the expertise of veteran professional Pramod Rao who helps guide the organization through regulatory challenges to minimize operation-related risks.
PayU marks a critical milestone in its IPO preparation as it welcomes Pramod Rao into the Chief Risk Officer position. PayU maintains its path toward digital payments market growth using a solid leadership group and a risk management initiative.
