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Infibeam Avenues Ltd named Narayanan Sadanandan as Independent Director

Infibeam Avenues named Narayanan Sadanandan, former MD & CEO of SBI Pension Funds, as an Independent Director on its board.

He brings over four decades of experience in banking, digital banking, banking regulation, and finance. He joins an esteemed group of independent directors currently serving on the board, further enhancing the company’s governance framework. His five-year term appointment, approved by the Board of Directors on Tuesday, is subject to shareholder approval.

Vishal Mehta, Chairman and Managing Director of Infibeam Avenues Ltd, welcomed the appointment, stating, “We are delighted to have Mr. Narayanan Sadanandan join our board. He is a talented leader with extensive experience and expertise in the financial services industry. His expertise will be invaluable as we continue to drive growth and innovation in the fintech sector. This appointment underscores our commitment to maintaining high standards of governance and leveraging diverse perspectives for our strategic advancement.”

He expressed his enthusiasm, saying, “I am thrilled to serve on the board of Infibeam Avenues, a strong company that is reimagining financial services with cutting edge AI technology to create a more inclusive economy. The company’s flagship brand CCAvenue is positioned at the forefront of the shift to digital payments and I am inspired by the opportunity to work with Vishal and the team to deliver that vision.”

His illustrious career includes significant roles such as CEO of SBI’s Frankfurt Branch, Head of the Financial Institution Group in the International Banking Group at SBI, Group Head of Capital Markets at SBI Capital Markets Ltd., and Chief General Manager of SME at SBI, before superannuating as MD & CEO of SBI Pension Funds Private Ltd. Post retirement, he served as a Senior Advisor to SBI and SBI Capital Markets Ltd. He is currently a Senior Advisor to Modulus Alternatives Investment Managers Ltd., and serves on various boards as an Independent Director.

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