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Snapdeal appoints Dharmendra Panwar as vice president - internal controls and risk assurance

By afaqs! news bureau , afaqs!, New Delhi | In Digital | June 09, 2015
In his role at Snapdeal, Panwar will evaluate existing operational processes to identify risks and recommend solutions for improving the control environment.

Snapdeal has announced the appointment of Dharmendra Panwar as vice president - internal controls and risk assurance. He will evaluate existing operational processes to identify risks and recommend solutions for improving the control environment. He will also play a pivotal role in formulating the company's risk management framework to enable repeatable, reproducible, scaleable and sustainable operations.

Dharmendra Panwar

Kunal Bahl

Panwar comes with a rich experience of over two decades in internal controls and risk management across sectors like telecom, logistics and healthcare. His expertise lies in evaluating systems and processes for risks and ascertaining the adequacy of controls. Prior to joining Snapdeal, he was heading the internal audit division of Max India and has held senior level positions at Fortis Healthcare and Bharti Airtel.

Speaking about his appointment at Snapdeal, Panwar says, "I am enthralled to be a part of the young, dynamic and enthusiastic team of Snapdeal. Process excellence and robust corporate governance practices will help us achieve scale and sustain desired business momentum to become a large, successful enterprise".

"Our vision is to build the most impactful digital commerce ecosystem in the country and we are working hard towards this. It is important to ensure maximum efficiency in our processes to achieve desired scale while maintaining strong focus on corporate governance, which is the bedrock for building a large, scalable and sustainable enterprise. We believe that Dharmendra's vast experience and subject matter expertise will further streamline our internal processes," comments Kunal Bahl, co-founder and CEO, Snapdeal.

Launched in February 2010, by Kunal Bahl and Rohit Bansal, Snapdeal has over 12 million products across 500 categories from regional, national and international brands and retailers. The online marketplace will invest $150-200 million in the next one year, to expand its delivery operations. It has picked up a minority stake in logistics firm GoJavas, a former logistics arm of smaller rival Jabong. It also acquired FreeCharge recently.

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