Mr. Suresh Sethi joins as MD and CEO – Designate at NSDL e-Governance

NSDL e-Governance Infrastructure Ltd is India’s leading technology infrastructure provider. Today, it has announced that Mr Suresh Sethi has taken charge as the company’s Managing Director and CEO – Designate. He was earlier the Founder, CEO and MD of India Post Payments Bank.

NSDL e-Governance’s current MD and CEO Mr Gagan Rai, announced his retirement w.e.f February 2021. He has been at the helm of affairs at the company for the last 25 years. Mr Sethi will succeed Mr Gagan Rai. A firm believer in financial inclusion, Mr Suresh Sethi has been pivotal in the development of India Post Payments Bank. He led the company to create the largest inter-operable banking infrastructure for the public good at scale.

About Suresh Sethi

Prior to the India Post Payments Bank, Mr Sethi was the Managing Director at Vodafone M-Pesa. In his earlier stints, he also led financial services companies such as Citigroup and YES Bank. As an industry veteran, he has held CXO and Managing Director positions at regional & global level across Business Strategy, Product Development, Sales & Client Management and Operations. He has extensively worked in the financial inclusion space leveraging fintech and digital-led innovation to make a difference.

Mr Suresh Sethi takes command of NSDL e-Governance at an exciting phase as the company aims to expand its geographical presence across the globe with its innovative and world-class solutions such as the National Unique Identity, tax-related services, recordkeeping of Pension accounts, e-sign, eKYC, etc. It also envisages elevating education financing in India with its state-of-the-art education finance portals – Vidya Lakshmi, Vidyasaarathi, and Vidya Kaushal. Mr Sethi will spearhead the company’s growth efforts across India and also in international markets.

Commenting on the development, Mr Gagan Rai, Managing Director and CEO, NSDL e-Governance, said:

“I am extremely happy to pass on the baton to Mr Suresh Sethi. I wish him success as he takes on the mantle of leading NSDL e-Governance into an extraordinary growth phase. The future of our company looks exceedingly bright under him. I would like to take this opportunity to express my gratitude to all the board members and colleagues who have shown tremendous support throughout my stint in the company and have been the key pillars in what has been a fabulous growth journey.”

Mr Suresh Sethi, MD and CEO – Designate, NSDL e-Governance said that he was honoured to be a part of NSDL. “I look forward to working towards establishing the company as a Global Leader in the e-Governance and ICT space. The current pandemic has brought forth new challenges leading to the adoption of digital business models and a paradigm shift in e-governance services. NSDL e-Governance will offer formidable value propositions and unparalleled services in both B2B and B2C segments," he said.