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Unicorn in edtech lead by Alakh Pandey As Physics Wallah is ready to submit a Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI), the company has appointed three independent directors to its board.
Former PTC India chief and Adani Group advisor Deepak Amitabh, former RBI regional director Rachna Dikshit, and former Zomato deputy CFO Nitin Savara have joined the edtech behemoth.
According to PhysicsWallah, these nominations comply with the Companies Act’s standards for preserving board independence in the process of going public.
Changing the leadership and board
Pandey and co-founder Prateek Maheshwari, who is often referred to as Prateek Boob in certain documents, have been reclassified from executive directors to full-time directors by PhysicsWallah. In addition, Pandey has assumed the position of CEO.
As a significant stakeholder, Sandeep Singhal, managing partner and co-founder of WestBridge Capital India Advisors, continues to serve on the board. Read more »
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