- By Shivam Shandilya
- Sat, 04 May 2024 09:14 PM (IST)
- Source:JND
The president and chief operating officer of Paytm's parent company, One97 Communications, Bhavesh Gupta, has resigned from the company, reports news agency PTI, citing an official statement. The fintech firm Paytm has appointed Rakesh Singh as chief executive officer of Paytm Money as part of a change in the leadership structure.
Paytm Chief Operating Officer Bhavesh Gupta quits: Company statement
— Press Trust of India (@PTI_News) May 4, 2024
The company has moved Varun Sridhar, who was heading Paytm Money, as CEO of Paytm Services, which deals in the distribution of mutual funds and other wealth management products.
"Bhavesh Gupta, President and Chief Operating Officer, who was overseeing the payments and lending businesses, has decided to take a career break due to personal reasons. He will be transitioning to an advisory role, offering guidance for Paytm's growth initiatives until the end of the year," the statement said.
According to news agency Reuters, Bhavesh Gupta has resigned as he has decided to take a career break due to personal reasons. He will be transitioning to an advisory role, offering guidance for Paytm's growth initiatives until the end of the year.
Bhavesh will be relieved from the service of the company on May 31, 2024.
(With input from agencies)
