VerSe Innovation appoints PR Ramesh as Independent Director and Chair of Audit Committee to strengthen governance ahead of next phase of growth

VerSe InnovationIndia’s leading AI-powered local language technology platform and parent entity of Dailyhunt, Josh, Magzter and NexVerse.ai, today announced the appointment of Mr. PR Ramesh as Independent Director to its Board. He will also serve as Chair of the Audit Committee, strengthening the company’s governance architecture as it moves towards its next phase of institutional and strategic growth.

Mr. Ramesh is a Chartered Accountant and has over 40 years of experience in financial oversight, corporate governance, regulatory advisory and board leadership. He is also the former Chairman of Deloitte India and a former member of the Deloitte Global Board. During his career, he has advised leading Indian and multinational corporations on governance, risk management, financial reporting standards and regulatory compliance.

He has served or serves on the boards of many well-known listed and unlisted companies such as Air India, Cipla, Nestle India, Larsen & Toubro, Crompton Greaves, ITC Hotels, Cyient, Tejas Networks and Housing Development Finance Corporation. He was also awarded the “Best Independent Director” award for 2022-23 by the Asian Center for Corporate Governance and Sustainability.

In addition to his leadership in professional services, Mr. Ramesh has also played an active role in shaping the regulatory and policy dialogue in India. He has served on special committees and advisory bodies associated with SEBI, RBI and IRDA and has contributed to the development of governance and financial standards in various sectors.

VerSe Innovation Co-founder Umang Bedi said:
“Strong governance and financial discipline are critical to building a company that will stand the test of time. PR Ramesh has unmatched experience in board stewardship, regulatory frameworks, and global audit leadership. As VerSe matures and sharpens its focus on sustainable growth, his vision will help strengthen our governance standards and “It will be helpful in increasing the confidence of stakeholders.”

Mr PR Ramesh said:
“VerSe has built a business of considerable scale in India’s digital landscape. With this scale comes the responsibility to ensure governance systems, financial controls and risk oversight keep pace with growth. Strong institutions are built not just on innovation, but also on discipline and accountability. I look forward to working with the Board and management team to further strengthen these principles.” “I look forward to doing more and building a governance framework that supports sustainable, responsible growth.”

VerSe Innovation In, Mr. Ramesh will be the Chairman of the Audit Committee and will oversee financial reporting integrity, internal controls, enterprise risk management, regulatory compliance and the audit process. His appointment will significantly deepen the Board’s oversight capabilities as the Company continues to strengthen its operational discipline, governance systems and long-term value creation framework.

About VerSe Innovation Private Limited:
VerSe Innovation At its core is the idea that technology can help bridge the digital divide. Since its inception, VerSe has faced the challenge of using technology to address the unmet content needs of millions of consumers. Its unique Artificial Intelligence, Machine Learning and Deep Learning technologies help deliver personalized content to millions of users based on their consumption preferences.

Today VerSe Innovation ’s proprietary technology platform helps millions of users across India enjoy content on Dailyhunt in their local language. Its technology also powers Josh, India’s #1 and most engaging creators’ app. Additionally, VerSe has an integrated portfolio of AI-first products and platforms, including NexVerse.ai, Dailyhunt Premium, Josh’s Audio Calling & Audio Stories and VerSe Collab, which together are transforming the way consumers interact with content and brands in India’s digital economy.

With its family of apps focused on India, VerSe Innovation Has become the first unicorn in technology for local languages. Its existing investors include CPP Investments, Ontario Teachers Pension Plan (OTPP), Qatar Investment Authority (QIA), Siguler Guff, Carlyle Group, Baillie Gifford, Goldman Sachs, Gladebrooks, Falcon Edge Capital, AlphaWave, Sequoia Capital India, Matrix Partners India, Google, Microsoft, Lupa Systems, Luxor Group, Sofina, B Capital Group, IIFL, Kotak, Catamaran, Bay Capital, Edelweiss and Omidyar Network.