India, March 13 -- Edtech unicorn PhysicsWallah has appointed three independent directors to its board as it prepares for an initial public offering (IPO). The company has also changed the role of one of its senior executives.

As per the company's regulatory filings, PhysicsWallah's board has approved the appointment of former Zomato deputy CFO and Moonstone Ventures founder Nitin Savara, former RBI regional director Rachna Dikshit, and ex-bureaucrat Deepak Amitabh as independent directors.

The company said in the filing that the appointments were done in view of the proposed IPO of the company.

Notably, it also changed the designation of Prateek Boob from executive director to wholetime director of the company for the period of five y...