Ipobound paytm8/13/2023 ![]() ![]() In April 2020, Pravin Jadhav, managing director of Paytm’s wealth management business, Paytm Money, left due to growing differences with the company’s management. ![]() Amit Sinha, former head of Paytm Mall, and Kiran Vasireddy, former chief operating officer of Paytm, also quit the firm in 2019. It included the former senior vice president of product, Deepak Abbot, and former head of lending business, Nitin Misra, who left the company to start digital gold services platform, Indiagold. In 2019, Paytm saw a series of exits across its leadership team. Douglas Lehman Feagin, senior vice president, at Ant Group, has joined Paytm’s board, replacing Ant Group chairman and chief executive officer, Jing Xiandong.Īsh Lilani, managing partner at Saama Capital, was appointed as an independent director while Michael Yuen Jen Yao from Alibaba Group Holding Ltd and Todd Anthony Combs, investment manager at Berkshire Hathaway, retired by rotation from the board. We have built an incredible management team with some of the most reputed names in the industry, who are focused on driving growth at Paytm," said a Paytm spokesperson in response to queries from Mint.Įarlier this month, Paytm’s parent, One97 Communications Ltd, reshuffled its board ahead of the planned public offering replacing Chinese nationals with Indian and US nationals. “As a company, we do not comment on personnel changes. Currently, Abhinav Kumar, vice president of marketing at Paytm, is heading the marketing function. ![]() India1 Payments Installed 10000 White-label ATMs The IPO-bound India1. In a recent regulatory filing, One97 Communications mentioned that another 20 employees had converted their ESOP to a total of 5,45,735 shares for monetisation. ICICI Bank Launched Online Paytm Money Launched Platform 'Trade Emerge' AI-powered. In February, Jaskaran Singh Kapany, Paytm’s head of marketing left the company after a nearly six-year stint, and joined Xiaomi India as its chief marketing officer. Digital payments firm Paytm has added another 5.45 lakh shares to its IPO through its employees. Nayyar and Thakur aren’t the only executives who have exited Paytm this year. Last month, chief human resources officer Rohit Thakur also exited the company, after an 18-month stint. Paytm’s board has accepted Nayyar’s resignation, said the second person cited above. Nayyar was hired from client advisory firm, Arpwood Capital, where he was the managing director and led the mergers and acquisitions practice. Vijay had in the past given 4 per cent of his equity before forming Paytm. Sharma, who holds around 14.6 per cent in One97, could see his stake increase by another 2 to 4 per cent, said sources in the know. Nayyar joined Paytm in August 2019 and has been overseeing the lending, insurance distribution, wealth management and stock broking business. Paytm founder Vijay Shekhar Sharma could see his stake go up One97 Communications, the parent company of the digital payments platform. ![]()
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