Axis Bank appoints Malavika R. Harita as independent director

Axis Bank Limited has announced the appointment of Malavika R. Harita as an additional independent director, effective December 18, 2025. This decision, based on the Nomination and Remuneration Committee's recommendations, was approved by the board of directors during a meeting held on the same day. Harita will serve for a four-year term, concluding on December 17, 2029, subject to shareholder approval. She will not be subject to retirement by rotation during her tenure as an independent director.

Harita brings 43 years of experience in marketing, communication, and entrepreneurship. Her extensive background includes founding and leading Saatchi & Saatchi Focus in India for 25 years, as well as establishing her own consultancy, Brand Circle, in 2018. She holds positions as a resident mentor at NSRCEL, IIM Bangalore, and chairperson for the Atal Innovation Mission at IIMV, actively mentoring startups.

Her educational qualifications include a bachelor's degree in physics, chemistry, and mathematics from Bangalore University, a postgraduate diploma in management from IIM Bangalore, and postgraduate diplomas from Columbia Business School and MIT Sloan School.