Setu, the API infrastructure platform and subsidiary of Pine Labs, has significantly strengthened its leadership by appointing Prashanth Nimmagada (ex-Razorpay) as Chief Technology Officer, signaling its commitment to innovation in India’s dynamic fintech landscape. Alongside Nimmagada, Setu has welcomed other top industry talent: Vijeth Pandit (ex-Razorpay) as Chief Product Officer, Ramkumar Thirumurthi (ex-Razorpay, co-founder Actyv.ai) as Chief Revenue Officer, Nikhil Ratanpal (ex-PhonePe) as Director of Product Development, and Santosh Subramanian (ex-Yes Bank, Wibmo) as Head of Finance. These high-profile hires accompany Anand Raisinghani’s (ex-SAP India) appointment as CEO, underscoring Setu’s focus on building a strong, experienced leadership bench to drive future growth.
Setu specializes in providing API-based digital financial infrastructure for services such as UPI, bill payments, KYC, and digital signatures, while also operating as an RBI-licensed NBFC Account Aggregator. With this expanded leadership team—drawn from India’s leading fintechs—Setu is well-positioned to accelerate the development of scalable, API-driven financial solutions for banks, fintechs, and enterprises. The influx of expertise from Razorpay and PhonePe veterans will bolster Setu’s technical capabilities and strategic partnerships, ensuring it remains a key enabler in India’s rapidly maturing digital public infrastructure ecosystem.
This leadership overhaul comes as parent company Pine Labs prepares for a major IPO, aiming to raise ₹2,600 crore through a fresh share issue after turning profitable in FY25. Setu’s enhanced leadership reinforces the broader group’s ambitions for international expansion, technological innovation, and financial performance. As Setu solidifies its role at the forefront of India’s fintech evolution, the company is poised to deliver advanced financial infrastructure solutions that support the country’s growing digital economy and drive Pine Labs’ strategic momentum.
yeni xxx
May 27, 2025 at 7:53 am
Asking questions are truly nce thhing if yoou are nnot understanding somethingg completely, but this piwce oof wtiting offedrs good understanding
even.
Long Mcleary
June 1, 2025 at 11:04 pm
I’d forever want to be update on new posts on this web site, saved to favorites! .
taxi paris
June 6, 2025 at 6:54 am
Woah! I’m really loving the template/theme of this site. It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between user friendliness and appearance. I must say you have done a awesome job with this. Also, the blog loads very fast for me on Safari. Exceptional Blog!
9f9v7
June 8, 2025 at 11:46 am
where buy clomiphene without dr prescription where to get generic clomiphene no prescription average cost of clomid order generic clomid online clomiphene medication effects can i buy generic clomid pill where can i buy cheap clomid price
Ernest Acrey
July 2, 2025 at 2:42 pm
I like what you guys are up also. Such smart work and reporting! Carry on the superb works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my site 🙂
audition scripts
July 30, 2025 at 1:24 am
fantastic points altogether, you just gained a new reader. What could you suggest about your put up that you just made a few days ago? Any sure?