5paisa Capital Limited appoints Mr. Ravi Garikipati as an Additional Director

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of 5paisa Capital Limited at their meeting held on Thursday, September 03, 2020 have approved the appointment of Mr. Ravi Garikipati as an Additional Non-Executive and Independent Director of 5paisa Capital Limited w.e.f. September 03, 2020 subject to the approval of shareholders through postal ballot.

Mr. Ravi Garikipati is an Entrepreneur & Technologist with over 30 years of experience mostly in technology and executive leadership roles. He is a board member and advisor to many late stage startups and an active angel investor in deepTech, finTech and consumerTech startups. He has recently Co-founded a fintech startup Davinta Finserv focussing on Financial Inclusion for the bottom of the pyramid.

Prior to co-founding Davinta, As a CTO at Flipkart, defined and executed technology vision and roadmap to transform commerce. He has also founded Fintech as a new vertical with a mission to offer financial products to 100s of millions of underserved and unserved Indians by leveraging data, digital distribution and technology.

Prior to Flipkart, he was President and Chief Technology Officer at 247.ai, a sequoia funded company where he led global product and technology groups to build one of the largest omni-channel customer acquisition & engagement platform.

Mr. Ravi Garikipati also held various senior engineering management positions at Oracle and Covansys, where he gained extensive experience in building scalable enterprise application architectures and services.

Mr. Ravi Garikipati holds a Master of Science degree in Software Engineering from Birla Institute of Technology & Science, Pilani, India and a Masters degree in Management from Birla Institute of Technology & Science, Pilani, India.

Shares of 5paisa Capital Ltd was last trading in BSE at Rs.378.85 as compared to the previous close of Rs. 362.55. The total number of shares traded during the day was 2877 in over 135 trades.

The stock hit an intraday high of Rs. 380.65 and intraday low of 345.05. The net turnover during the day was Rs. 1070235.

Source : Equity Bulls

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