Fino Payments Bank Limited, a subsidiary of Fino Paytech Limited, announced the appointment of Prateek Roongta as Nominee Director, with effect from October 31, 2022.
According to the bank’s exchange filing, “we would like to inform you that the Board of Directors of Fino Payments Bank Limited (“Bank”) at its meeting held today i.e. Monday, October 31, 2022 has inter-alia considered and approved the appointment of Mr. Prateek Roongta (DIN: 00622797) as a Nominee Director of Fino PayTech Limited (“Promoter Shareholder”) on the Board of the Bank with effect from October 31, 2022 based on the recommendation of the Nomination and Remuneration Committee and in terms of the provisions of the Articles of Association of the Bank, subject to approval of the Shareholders.”
Prateek Roongta is a Managing Director in the Corporate Private Equity Group. He is primarily responsible for managing the performance and transformation of Blackstone portfolio companies in India. Before joining Blackstone, Roongta was a MD and Partner at Boston Consulting Group and has extensive experience of advising clients in the financial services industry across a wide range of topics including strategy, operations and digital transformation.
Prior to that, Roongta worked at True North Advisors, a $3 Bn Indian private equity fund.
Roongta received a post-graduate diploma in management from the Indian Institute of Management, Ahmedabad and is a qualified Chartered Accountant and Company Secretary.
Fino Paytech is an institutional investor-driven company owned by international and Indian investors. Fino Paytech, founded on July 13, 2006, is headquartered at Mumbai, with offices across India.
