Overview

• Prashanth Nimmagada joined as chief technology officer after roles at Razorpay, LinkedIn and Microsoft.
• Ramkumar Thirumurthi took on the chief revenue officer role, drawing on experience leading Razorpay’s neobanking vertical and cofounding Actyv.ai.
• Santosh Subramanian was named head of finance, bringing prior stints at Yes Bank and PayU-owned Wibmo.
• Earlier in 2025, Vijeth Pandit and Nikhil Ratanpal were appointed chief product officer and director of product development respectively.
• The executive expansion underpins Setu’s growth in API-based UPI, KYC and bill payments as Pine Labs moves toward its ₹2,600 crore IPO.