MOS Utility appoints ex-M2P Fintech exec Atish Shelar as group CEO

According to the company, Shelar will focus on strengthening MOS Utility’s business ecosystem, scaling its digital financial services portfolio, and driving synergies across its expanding group of businesses, including JC Ventures, Indicore, and Samvriddhi. 

He comes with over 25 years of experience across banking, fintech, digital payments, merchant acquiring, product strategy, and business development. Previously, he worked as COO at IppoPay and Fin Meadows, where he led the development of the company’s merchant acquiring business and payment infrastructure. Shelar has also worked at HDFC Bank, Deutsche Bank, BillDesk, Unimoni, and M2P Fintech. 

Atish Shelar, Group CEO, MOS Utility, said, “With its expanding portfolio of businesses, the company has a strong opportunity to build a broader and more integrated digital financial services ecosystem. I look forward to working with the team to strengthen the businesses, accelerate innovation, and create greater value for our customers, partners and stakeholders.” 

Ravi Ruparelia, managing director, MOS Utility Limited, added, “His (Atish Shelar) thorough understanding of the payments and fintech space, along with his experience of building and scaling businesses, will be valuable as we continue to bolster MOS Utility and its portfolio of businesses. His appointment marks a critical step in our journey as we build a larger and more integrated digital ecosystem.” 

The public listed firm MOS Utility Limited (known as MOS World)​ has a network of more than one lakh agents, over 5000 distributors and 300 master distributors across India. It provides API and wallet platform that enable local agents, retailers, and shopkeepers to offer digital financial, banking, travel, and utility services to consumers, particularly in semi-urban and rural areas.