National, 30th April, 2026: Pune-based Definedge Securities today announced the appointment of industry veteran Hemant Luthra as Chairman, alongside the induction of Ajay Srivastava and D. Prasad to its Board of Directors.
The appointments come at a significant stage in Definedge’s evolution as it deepens its positioning as a wealth-tech platform, combining technology-led market access with research-driven investing frameworks and investor education.
Mr. Prashant Shah, Co-founder, Definedge Securities, remains the architect of the firm’s core philosophy and technology-led market approach. Mr. Rajesh Badiye, Co-founder, Definedge Securities, will continue to drive product innovation and the development of scalable trading and analytics platforms powering the company’s wealth-tech ecosystem.
Commenting on the appointment, Mr. Prashant Shah, CEO & Co-founder of Definedge Securities, said, “Hemant’s appointment marks an important milestone in our growth journey. His deep expertise in building and scaling institutions, coupled with his global market experience, will be invaluable as we strengthen our leadership and governance framework. Alongside the induction of Ajay Srivastava and D. Prasad to the Board, these appointments bring diverse strategic perspectives and domain depth that will further accelerate Definedge’s expansion and enhance our engagement with high-value investor segments.”
Mr. Luthra brings over four decades of leadership across technology, private equity, telecom, aerospace, and manufacturing. He began his career at IBM and later served as CFO & COO of a leading industrial group. During his 20-year tenure at Mahindra & Mahindra, he held multiple leadership roles, including chairman of Mahindra CIE. He is an alumnus of IIT Delhi and Harvard Business School’s Advanced Management Program.
Mr Ajay Srivastava, Founder, Dimensions Corporate Finance Services, is a veteran financial markets expert and entrepreneur with over three decades of experience across transaction banking, investment banking, capital markets, and corporate restructuring.
He began his career at Citibank, where he worked extensively in Transaction Services and Corporate & Investment Banking. He subsequently founded Dimensions Corporate Finance Services (P) Ltd., establishing it as a pioneer in corporate and financial restructuring and investment banking in India. His innovative and customized financial structures have been widely adopted by client organizations, with a strong emphasis on execution and effective implementation.
Known for his disciplined approach and deep market insight, Ajay continues to shape strategic direction and long-term value creation across his business and investment platforms.
Mr. D. PRASAD, Ultra HNI investor with a proven track record of backing high-growth businesses across sectors. He has been instrumental in identifying scalable opportunities early and supporting companies through critical growth phases to achieve their targeted business goals.
The strengthened Board is expected to significantly enhance governance depth, strategic foresight, and institutional credibility, supporting Definedge’s ultimate goal to become a full-scale wealth-tech platform.
About Definedge
Founded by Prashant Shah and Rajesh Badiye and headquartered in Pune, Definedge Securities offers a comprehensive suite of trading analytics, brokerage services, and educational products designed to empower retail investors and traders. With a “product-first” philosophy, the company emphasizes robust education, transparent research, and innovative tools before facilitating execution, helping users trade with clarity and confidence. Definedge continues to expand its ecosystem through advanced platforms, community-oriented events, and tailored investor frameworks.
