Board of Directors of 5paisa Capital

About Board of Directors of 5paisa Capital

Dr. Archana Hingorani – Chairperson

Dr. Archana Hingorani is the Chairperson and Independent Director of the Company. She holds
an M.B.A and Ph.D. in finance from the University of Pittsburgh, United States. She has
over thirty one (31) years of experience in the asset management business, teaching and
research. In the recent past, she was associated with IL&FS Group until 2017 in various
capacities, including being the CEO of IL&FS Investment Managers Limited.

She has rich experience in fund raising, investing, nurturing investments through four different economic
cycles and carving exit paths, among others. She has also been involved in mentoring and
nurturing smaller start-ups in the technology, education, financial inclusion and encouraging
start-ups run by women entrepreneurs.

She has been named as the most influential woman in India by various publications, including Business Today in the years 2011, 2012 and 2013, Asian Investor in the year 2014, and Fortune India in years 2014, 2015 and 2016. She is a member of the Audit Committee, Nomination & Remuneration Committee and Stakeholder Relationship Committee of the Company.

Mr. Prakarsh Gagdani – Whole-Time Director & Chief Executive Officer

Mr. Prakarsh Gagdani is the Whole-Time Director and Chief Executive Officer of the Company.
He holds a Post Graduate Diploma Degree in Business Management from Pondicherry
University and has done his bachelor’s in Business Management from Mulund College of
Commerce, Mumbai University.

He has more than eighteen (18) years of cross-functional experience in sales, advisory, product development and business development. In the past, he was associated with Angel Broking Limited for about twelve (12) years. He is a member of the Stakeholder Relationship Committee of the Company.

Mr. Gourav Munjal – Whole-Time Director & Chief Financial Officer

Mr. Gourav Munjal is the Whole-Time Director and Chief Financial Officer of the Company.
He holds a bachelor’s degree in Commerce from Kurukshetra University and is a qualified
Chartered Accountant, Company Secretary, and a diploma holder in IFRS from the Association
of Chartered Certified Accountants (ACCA).

He has ten (10) years of experience in the field of accounts and finance. Before joining the Company, he was associated with the IIFL Group and has handled finance and accounts functions in the Company.

Ms. Nirali Sanghi – Independent Director

Ms. Nirali Sanghi is the Independent Director of the Company. She founded India Parenting
Private Limited in 1999 and serves as its Chief Executive Officer and President. Prior to that,
she served at Erstwhile Baring Brothers (New York), Citibank (New York and Mumbai) and
The Boston Consulting Group (Mumbai).

Ms. Sanghi spent nine (9) years in the United States where she received her bachelor’s in Economics and Computer Science from Barnard College, Columbia University (New York, USA) and M.B.A. in Finance and Marketing from Columbia Business School (New York, USA). She is a member of the Audit Committee, Chairperson of Nomination & Remuneration Committee and Stakeholder Relationship
Committee of the Company.

Mr. Milin Mehta – Independent Director

Mr. Milin Mehta is a Chartered Accountant and a senior partner of K. C. Mehta & Co.,
Chartered Accountants (Baroda, Mumbai, Ahmedabad, and Bangalore) for the past three
decades. He is a fellow member of the Institute of Chartered Accountants of India. He is also a
Law Graduate and has obtained a master’s degree in Commerce.

Mr. Mehta has also been invited as a special invitee to the Committee of the Institute of Chartered Accountants for making representation before the Central Board of Direct Taxes / Standing Committee of the Parliament on formation of new Direct Tax Code. He has held the position of Treasurer and
Vice Chairman of the Western India Regional Council of the Institute of Chartered Accountants
of India covering Gujarat, Maharashtra, and Goa.

He has also co-authored a book on “Minimum Alternate Tax” published by the Bombay Chartered Accountants’ Society. He is a Chairman of the Audit Committee and member of Nomination & Remuneration Committee of the Company.

Mr. Ravi Garikipati – Independent Director

Mr. Ravi Garikipati is an entrepreneur and 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 deep tech, fintech, and consumer tech
startups.

He has recently co-founded a fintech startup Davinta Finserv, focusing on financial
inclusion for the bottom of the pyramid. Prior to co-founding Davinta, Mr. Garikipati, as a
CTO at Flipkart, defined and executed technology vision and roadmap to transform commerce.
He also founded fintech as a new vertical with a mission to offer financial products to hundreds
of millions of underserved and unserved Indians by leveraging data, digital distribution, and
technology.

Prior to Flipkart, he was the President and Chief Technology Officer at [24]7.ai,
a Sequoia funded company where he led global product and technology groups to build one
of the largest omni-channel customer acquisition and engagement platform. He has also held
various senior engineering management positions at Oracle and Covansys, where he gained
extensive experience in building scalable enterprise application architectures and services.
He is a member of the Nomination and Remuneration Committee of the Company.

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