Jignesh Shah, the promoter of Financial Technologies has stepped down as MD and CEO and elevated Prashant Desai, who joined the company in 2013 as President (Investor Relations and M&A), to the post. The board has invited Shah to be Chairman-Emeritus and mentor.

Further, Dewang Neralla, another founding member, and Manjay Shah will also exit from the FTIL board to head group companies. Neralla will become MD and CEO of Atom Technologies and Manjay Shah will lead Tickerplant.

FTIL also inducted three non-executive directors. The re-constituted board of 12 members will have five non-executive and independent directors, four executive directors and three non-executive directors.

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