Murali Brahmadesam, a former executive of Amazon Web Services (AWS), has been appointed Chief Technology Officer (CTO) in Razorpay. He will handle the role of Shashank Kumar, who is now designated the company’s co-founder and managing director. Brahmadesam has experience of more than two decades in managing diverse technology functions at scale, said Razorpay.

“With over an 800-member engineering team today, we are constantly working towards solving some of the toughest challenges that businesses face today, with innovation at its core,” said Kumar. “Murali (Brahmadesam) brings in-depth knowledge of managing technology functions at scale.”

Kumar will continue working on the company’s long-term plans for engineering, product and functions for the RazorpayX and Razorpay Capital businesses. Brahmadesam will drive the overall engineering strategy and development.

“I look forward to working with the team and joining Razorpay’s mission to build the central nervous system for fintech in India,” said Brahmadesam.

In December 2021, Bengaluru-based Razorpay raised $375 million in a Series F round of funding for a valuation of $7.5-billion, which makes it the second most valuable after Paytm.

The valuation of Razorpay has increased more than seven times within fifteen months, which helps push digital payment PhonePe to the third spot on the most valuable fintech companies list.