PRISM Appoints Former Securities and Exchange Board of India Chief Ajay Tyagi as Independent Director

PRISM, the parent company of OYO, has appointed Ajay Tyagi as an Independent Director on its board.

Tyagi earlier served as the chairman of the Securities and Exchange Board of India (SEBI) from 2017 to 2022. During this time, he was responsible for overseeing India’s stock markets, setting regulations, protecting investors, and supervising both primary and secondary markets.

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"Tyagi joins an experienced board with expertise across governance, consumer businesses, technology and strategic investments," OYO said in a statement.

Ritesh Agarwal, Founder, PRISM said, "Ajay ji brings depth in capital-markets regulation, governance, and public-institution stewardship, and his experience will be invaluable as PRISM strives to scale while strengthening governance standards and long-term accountability."

Before joining Securities and Exchange Board of India (SEBI), Ajay Tyagi worked as Additional Secretary in the Department of Economic Affairs under the Ministry of Finance. He handled areas such as capital markets, investment policy, infrastructure funding, and bankruptcy laws. He is a 1984-batch IAS officer and has held many senior positions in the Government of India.

Currently, Tyagi also serves as an independent director on the boards of several companies.

The board of PRISM includes William Steve Albrecht, Troy Matthew Alstead, Deepa Malik, Bejul Somaia, Sumer Juneja, and Aditya Ghosh.

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