{"id":4264,"date":"2023-04-18T04:20:54","date_gmt":"2023-04-18T04:20:54","guid":{"rendered":"https:\/\/razorpay.com\/newsroom\/?p=4264"},"modified":"2025-10-16T08:44:08","modified_gmt":"2025-10-16T08:44:08","slug":"razorpay-sets-up-advisory-board-to-build-industry-first-practices-in-innovation-ropes-in-former-rbi-deputy-governor-as-chairperson-and-other-industry-veterans","status":"publish","type":"post","link":"https:\/\/razorpay.com\/newsroom\/razorpay-sets-up-advisory-board-to-build-industry-first-practices-in-innovation-ropes-in-former-rbi-deputy-governor-as-chairperson-and-other-industry-veterans\/","title":{"rendered":"Razorpay Sets Up Advisory Board to Build Industry-first Practices in Innovation &#038; Corporate Governance; Ropes in Former Executive Director, RBI Among Other Industry Veterans"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 500;\" aria-level=\"1\"><i><span style=\"font-weight: 500;\">This move is a step ahead in Razorpay\u2019s commitment <\/span><\/i><b><i>towards upholding the highest standards of customer-experience, governance, compliance, and risk management practices<\/i><\/b><i><span style=\"font-weight: 500;\"> in the industry and staying ahead of the curve.<\/span><\/i><i><span style=\"font-weight: 500;\">\u00a0\u00a0<\/span><\/i><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 500;\" aria-level=\"1\"><i><span style=\"font-weight: 500;\">The Advisory Board of industry veterans and thought leaders includeI <\/span><\/i><b><i>Gopalaraman Padmanabhan<\/i><\/b><i><span style=\"font-weight: 500;\"> &#8211; Former Executive Director, RBI, <\/span><\/i><b><i>Arijit Basu<\/i><\/b><i><span style=\"font-weight: 500;\"> &#8211; <\/span><\/i><span style=\"font-weight: 400;\">Chairman, HDB Financial Services &amp; Former MD, SBI,<\/span><i><span style=\"font-weight: 500;\">\u00a0and <\/span><\/i><b><i>K. P. Krishnan<\/i><\/b><i><span style=\"font-weight: 500;\"> &#8211; IAS <\/span><\/i><span style=\"font-weight: 400;\">(Retd.) <\/span><i><span style=\"font-weight: 500;\">&amp; <\/span><\/i><span style=\"font-weight: 400;\">Former Secretary, Ministry of Skill Development and Entrepreneurship<\/span><i><span style=\"font-weight: 500;\">.<\/span><\/i><\/li>\n<\/ul>\n<p><b>INDIA, Bengaluru &#8211; 18th April 2023:<\/b><span style=\"font-weight: 500;\"> Reiterating its <\/span><b>commitment towards customer-centricity and good governance, <\/b><a href=\"https:\/\/razorpay.com\/\"><b>Razorpay<\/b><\/a><b>,<\/b><span style=\"font-weight: 500;\"> India\u2019s Leading Full-Stack Payments and Banking Platform for Businesses,<\/span> <span style=\"font-weight: 500;\">announced that it has<\/span><b> set up an Advisory Board of leading industry thought leaders from different fields.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 500;\">Razorpay is one of the leading and fastest scaling fintech companies operating in India, serving over 10 Mn businesses across India. The Razorpay brand serves as a hallmark for trust among the businesses it serves, and the Company is committed to safeguard the interests of the end-customers.<\/span><\/p>\n<p><b>As part of Razorpay\u2019s constant endeavour to enhance customer-experience,<\/b><span style=\"font-weight: 500;\"> the newly formed Advisory Board is founded with the <\/span><b>singular vision of establishing the highest standards in customer-experience, corporate governance and risk &amp; compliance in the Indian fintech industry, for others to follow.<\/b><span style=\"font-weight: 500;\"> The Council will also help <\/span><b>contribute to the development of Razorpay\u2019s payment infrastructure and help engage with key institutions and stakeholders.<\/b><\/p>\n<p><b>The Founding Independent Members of the newly formed Advisory Board include<\/b> <b>stalwarts from across various fields:\u00a0<\/b><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Gopalaraman Padmanabhan<\/b><span style=\"font-weight: 400;\"> &#8211; Former Executive Director, RBI<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Arijit Basu<\/b><span style=\"font-weight: 400;\"> &#8211; Chairman, HDB Financial Services &amp; Former MD, State Bank of India (Member)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>K. P. Krishnan<\/b><span style=\"font-weight: 400;\"> &#8211; <\/span><span style=\"font-weight: 500;\">IAS <\/span><span style=\"font-weight: 400;\">(Retd.) <\/span><span style=\"font-weight: 500;\">&amp; <\/span><span style=\"font-weight: 400;\">Former Secretary, Ministry of Skill Development and Entrepreneurship <\/span><span style=\"font-weight: 400;\">(Member)<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 500;\">All the members of the Advisory Board will periodically convene to review, analyse and provide recommendations and directions on both strategic and tactical levels.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 500;\">The <\/span><b>key subject areas<\/b><span style=\"font-weight: 500;\"> for the Advisory Board will be:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 500;\">Accelerating product innovation around Customer Experience &amp; Customer Safety<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 500;\">Building the best-in-class practices for Regulatory &amp; Compliance management processes\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 500;\">Working with various stakeholders to enhance Risk Monitoring and Cybercrime Prevention<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 500;\">Building new processes around digital information security that will help shape the future of fintech ecosystem\u00a0<\/span><\/li>\n<\/ol>\n<p><b>Commenting on the development, Harshil Mathur, CEO &amp; Co-Founder at Razorpay said<\/b><span style=\"font-weight: 500;\">, <\/span><i><span style=\"font-weight: 500;\">\u201cIndia\u2019s fintech ecosystem is at a crucial juncture in its evolution.<\/span><\/i><b><i> With India serving as a benchmark for s<\/i><\/b><b><i>everal nations today, it is pertinent that companies like ours are future-ready and agile <\/i><\/b><i><span style=\"font-weight: 500;\">to adapt to the ever-changing fintech environment. The last 8 years at Razorpay have been exceptionally great, we\u2019ve had the privilege of serving and solving for over 10Mn businesses. Now in our next phase of growth as India\u2019s leading end-to-end money movement platform for businesses, <\/span><\/i><b><i>we have a strong intent to put in place further systems to uphold the highest standards of customer-experience and governance.<\/i><\/b><i><span style=\"font-weight: 500;\">\u201c<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 500;\">\u201cAnd to help build that, we are more than thankful and honoured for the support and trust we have received from all the members of the Advisory Board. <\/span><\/i><b><i>There is a tremendous opportunity to learn from each of these industry veterans.<\/i><\/b><i><span style=\"font-weight: 500;\"> We believe that with their strategic inputs, knowledge and guidance along with our commitment to innovation, customer-centricity and good governance, Razorpay is sure to build best practices in the fintech industry that will aid us in sound decision making,\u201d <\/span><\/i><b>he added<\/b><span style=\"font-weight: 500;\">.<\/span><\/p>\n<p><span style=\"font-weight: 500;\">The Advisory Board will assist<\/span><span style=\"font-weight: 500;\"> Razorpay<\/span><b> in developing long-term strategies, anticipating challenges <\/b><b><i>a<\/i><\/b><b>nd suggesting mitigation measures.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">With its razor-sharp focus on building the financial backbone for Indian businesses, Razorpay\u2019s offerings are aimed at ensuring the safety of merchants and consumers, both offline and online. With an innovation-first mindset that is operating in a rapidly evolving environment, the company is consistently building its capabilities towards solving all things payments and business banking, making it the go-to platform that enables exponential growth for Indian businesses.<\/span><span style=\"font-weight: 500;\">\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 500;\">***<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This move is a step ahead in Razorpay\u2019s commitment towards upholding the highest standards of customer-experience, governance, compliance, and risk management practices in the industry and staying ahead of the curve.\u00a0\u00a0 The Advisory Board of industry veterans and thought leaders includeI Gopalaraman Padmanabhan &#8211; Former Executive Director, RBI, Arijit Basu &#8211; Chairman, HDB Financial Services<\/p>\n","protected":false},"author":14,"featured_media":4619,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[27],"tags":[33,82],"class_list":{"0":"post-4264","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-corporate","8":"tag-razorpay","9":"tag-razorpay-advisory-board"},"modified_by":"Anu Saraswat","_links":{"self":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/comments?post=4264"}],"version-history":[{"count":3,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4264\/revisions"}],"predecessor-version":[{"id":4620,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4264\/revisions\/4620"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media\/4619"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media?parent=4264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/categories?post=4264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/tags?post=4264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}