Pine Labs has announced the appointment of Sameer Kamath as its new Chief Financial Officer, as the fintech firm prepares for its upcoming initial public offering. His appointment took effect in early July.
Kamath brings with him more than 25 years of experience in finance, with a strong background in financial strategy, investment banking, and advisory services. Prior to joining Pine Labs, he served as Group Chief Financial Officer at Avendus Capital. He also held senior leadership positions for over a decade at Motilal Oswal, where he led key functions in finance strategy and corporate advisory.
In his new role, Kamath will oversee the company’s global finance strategy. His responsibilities will include managing accounting functions, investor relations, and overall financial operations for the group. Kamath appointment is seen as a strategic step as the company gets ready for its public market debut.
Pine Labs has already filed its Draft Red Herring Prospectus and plans to raise ₹2,600 crore through the IPO. The expected valuation ranges between 4.5 billion dollars and 6 billion dollars. The funds raised from the IPO will be used to expand the company’s international operations, strengthen its technology platforms, and reduce existing debt.
Kamath’s leadership is expected to bring strong financial direction to Pine Labs at a crucial stage of its growth. His experience and expertise are likely to support the company’s efforts to build confidence among investors and ensure smooth financial governance ahead of its transition into a publicly listed entity.
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