Who are the new directors and where do they come from?

CEO Mayank Chawla is a former Bharti Airtel, Paytm, and Edenred executive. Vikas Garg and Rahul Nagar are Kredmint co-founders who acquired control. Independent directors are Siba Narayan Panda, a former RBI chief general manager, and Richa Kalra, a company secretary with over 20 years of governance experience.

What changed in the boardroom, and what is the scale of the company?

All five board seats were filled with new appointments. Pankaj Polymers has a market capitalisation of ₹35 crore, making this a significant governance overhaul for a nano-cap.

Why does the geographic move matter?

The company approved a new corporate office in Noida, separate from its registered office in Secunderabad. It formalises the operational shift under new ownership.

Plastic Products · Micro cap

Pankaj Polymers replaces entire board after Kredmint takeover

New owner installs five-member board with ex-RBI official, ex-Bharti Airtel CEO at a ₹35 cr nano-cap.

— 1 earlier story on Pankaj Polymers Ltd. →

PANKAJPO By Tipsheet Editorial 9 Jun 2026 · 5:57 PM IST Verify on BSE · NSE

Mkt cap₹33.04 cr

P/E15.06×

ROE0.00%

Debt / eq.0.17

5 / 5 Board seats filled with entirely new directors

What's new

Mayank Chawla, former Bharti Airtel and Paytm executive, named CEO for five years.
Kredmint co-founders Vikas Garg and Rahul Nagar join as non-executive directors.
Two independent directors added, including a former RBI chief general manager.

Why this matters

For a ₹35 crore nano-cap, this is a complete governance reset. The incoming owners have recruited a former RBI official and a tech-sector CEO rather than cronies, signalling intent to professionalise. The Noida office formalises the geographic shift away from Secunderabad.

What we're watching

Whether Chawla's operational plan for Pankaj Polymers emerges in the next quarters.
How the new board reshapes capital allocation at a company this small.
Any further disclosure on the Kredmint founders' business strategy.

The full read

Pankaj Polymers has ₹35 crore of market capitalisation and, until today, a board that presumably matched its scale. That's gone. Mayank Chawla, who ran businesses at Bharti Airtel and Paytm, is now CEO for five years. The two new non-executive directors are Vikas Garg and Rahul Nagar, co-founders of Kredmint and the people who just acquired control. A former RBI chief general manager with 36 years of central-banking experience is now the most senior independent director. A Noida corporate office is being set up. This is a complete teardown and rebuild of a ₹35 crore company's governance in one filing. The new team is overqualified for the job. What they plan to do with a company this small is the open question.

Questions answered

Who are the new directors and where do they come from?: CEO Mayank Chawla is a former Bharti Airtel, Paytm, and Edenred executive. Vikas Garg and Rahul Nagar are Kredmint co-founders who acquired control. Independent directors are Siba Narayan Panda, a former RBI chief general manager, and Richa Kalra, a company secretary with over 20 years of governance experience.
What changed in the boardroom, and what is the scale of the company?: All five board seats were filled with new appointments. Pankaj Polymers has a market capitalisation of ₹35 crore, making this a significant governance overhaul for a nano-cap.
Why does the geographic move matter?: The company approved a new corporate office in Noida, separate from its registered office in Secunderabad. It formalises the operational shift under new ownership.

Mentioned: Mayank Chawla · Kredmint / Vikas Garg, Rahul Nagar · Siba Narayan Panda

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on PANKAJPO →

9 Jun 2026 · 5:57 PM IST Pankaj Polymers replaces entire board after Kredmint takeover
11d ago Pankaj Polymers' auditor quits weeks after new owners took control