Mumbai: Pune-based Definedge Securities announced the appointment of industry veteran Hemant Luthra as Chairman, alongside the induction of Ajay Srivastava and D. Prasad to its Board of Directors.
The appointments come at a significant stage in Definedge’s evolution as it deepens its positioning as a wealth-tech platform, combining technology-led market access with research-driven investing frameworks and investor education.
Prashant Shah, Co-founder, Definedge Securities, continues to shape the firm’s core philosophy and technology-led market approach. Mr. Rajesh Badiye, Co-founder, Definedge Securities, will continue to lead product innovation and build scalable trading and analytics platforms that power the company’s wealth-tech ecosystem.
Commenting on the appointment, Prashant Shah, CEO & Co-founder of Definedge Securities, said, “Hemant’s appointment marks an important milestone in our growth journey. His deep expertise in building and scaling institutions, coupled with his global market experience, will be invaluable as we strengthen our leadership and governance framework. Alongside the induction of Ajay Srivastava and D. Prasad to the Board, these appointments bring diverse strategic perspectives and domain depth that will further accelerate Definedge’s expansion and enhance our engagement with high-value investor segments.”
Luthra brings over four decades of leadership across technology, private equity, telecom, aerospace, and manufacturing. He began his career at IBM and later served as CFO & COO of a leading industrial group. During his 20-year tenure at Mahindra & Mahindra, he held multiple leadership roles, including chairman of Mahindra CIE. He is an alumnus of IIT Delhi and Harvard Business School’s Advanced Management Program.
Ajay Srivastava, Founder,
He began his career at Citibank, where he worked extensively in Transaction Services and Corporate & Investment Banking. He subsequently founded Dimensions Corporate Finance Services (P) Ltd., establishing it as a pioneer in corporate and financial restructuring and investment banking in India. His innovative, customized financial structures are widely adopted by client organizations, with a strong focus on execution and implementation.
Known for his disciplined approach and deep market insight, Ajay continues to shape strategic direction and long-term value creation across his business and investment platforms.
D. PRASAD, Ultra HNI investor with a proven track record of backing high-growth businesses across sectors. He has been instrumental in identifying scalable opportunities early and supporting companies through critical growth phases to achieve their targeted business goals.
The strengthened Board is expected to significantly enhance governance depth, strategic foresight, and institutional credibility, supporting Definedge’s ultimate goal to become a full-scale wealth-tech platform.
