The appointment is effective June 2, 2014.
Pancholy joins OnMobile after founding his own company, TTP Media, where he served as a founder and president. Prior to founding TTP Media, he was the CEO and chairman of TenXc Wireless Inc. In his earlier roles, he has also served as the president and CEO of Canada's fourth largest national wireless operator Microcell Connexions Inc.
"Pancholy is a veteran in the telecommunications industry possessing over three decades of experience in a variety of roles," OnMobile said in a release.
"He has a proven track record of successfully implementing organisational transformation, conceptualising innovative product and marketing strategies, international business development and planning and policy development."
He holds degrees from McGill University, Montreal and the Indian Institute of Technology, Delhi.