VerSe Innovation, India’s leading AI-powered local language technology platform and
parent entity of Dailyhunt, Josh, Magzter and NexVerse.ai today announced the
appointment of Mr. P. R. Ramesh as an Independent Director on its Board. He
will also serve as Chair of the Audit Committee, reinforcing the company’s
governance architecture as it advances toward its next phase of institutional
and strategic growth.

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

He currently serves or has served on the
boards of several prominent listed and unlisted companies, including Air India,
Cipla, Nestlé India, Larsen & Toubro, Crompton Greaves, ITC Hotels, Cyient,
Tejas Networks and Housing Development Finance Corporation. He was awarded
“Best Independent Director” by the Asian Centre for Corporate
Governance & Sustainability for 2022-23.

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

Umang Bedi, Co-Founder, VerSe
Innovation, said: “Strong governance and financial discipline are
fundamental to building a company that stands the test of time. P.R. Ramesh
brings unmatched experience in board stewardship, regulatory frameworks, and
global audit leadership. As VerSe continues to mature and sharpen its focus on
sustainable growth, his perspective will be instrumental in strengthening our
governance standards and reinforcing stakeholder confidence”.

Mr. P. R. Ramesh added: “VerSe has
built a business of considerable scale in India’s digital landscape. With that
scale comes the responsibility to ensure that governance systems, financial
controls and risk oversight keep pace with the growth. Strong institutions are
built not only on innovation, but on discipline and accountability. I look
forward to working with the Board and management team to further embed these
principles and help shape a governance framework that supports sustained,
responsible growth”.

At VerSe Innovation, Mr. Ramesh
will Chair the Audit Committee and oversee financial reporting integrity,
internal controls, enterprise risk management, regulatory compliance and audit
processes. His appointment adds significant depth to the Board’s oversight
capabilities as the company continues to strengthen operational discipline,
governance systems and long-term value creation frameworks.

About VerSe Innovation Private
Limited:
 At the core of VerSe Innovation,
is the idea that technology can help bridge the digital divide. Since its
inception, VerSe has risen to the challenge of serving the unmet content needs
of millions of consumers using technology. Its unique artificial intelligence,
machine learning and deep learning technologies enables personalized content to
be delivered to millions of users based on their consumption preferences. Today
VerSe Innovation‘s proprietary technology platform powers Hundreds of
millions of users across Bharat enjoy content in their local language on
Dailyhunt. Its technology also powers India’s #1 and most engaging creators
app, Josh. In addition, 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 reshaping how
consumers, content, and brands interact in India’s digital economy.

VerSe Innovation, with its family of apps focused on Bharat, became the first unicorn
in tech for local languages and counts 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, among others as existing investors.