PhonePe announces the Appointment of Manish Sabharwal as Independent Director and Audit Committee Chair  

New Delhi: PhonePe, announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee. In this role, Manish will be instrumental in upholding the integrity and effectiveness of PhonePe’s financial reporting, internal controls, and risk management practices.

PhonePe also announced that Flipkart’s co-founder, Binny Bansal has stepped down from its Board of Directors. Binny acquired PhonePe in 2016 and has been on its Board since then.

Speaking on the board changes, Sameer Nigam, CEO and Founder of PhonePe said, “I would like to express my heartfelt gratitude to Binny Bansal for being one of PhonePe’s earliest and staunchest supporters. His active engagement, strategic guidance, and personal mentorship have profoundly enriched our discussions. Binny will be missed!”

“We are also thrilled to welcome Manish Sabharwal to the PhonePe board. His incredible depth of understanding of India’s macro economy, coupled with his leadership in shaping India’s policies for education, employment, and employability will be invaluable as PhonePe continues to work ahead towards our shared vision of a Viksit Bharat by 2047.”