“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.
The president and COO of One97 Communications, the parent company of Paytm, Bhavesh Gupta, has left the firm, according to a statement released on Saturday.
Rakesh Singh has been named chief executive officer of Paytm Money by fintech company Paytm as part of a reorganization of its leadership team.
Varun Sridhar, the CEO of Paytm Money, has been reassigned by the business to the CEO of Paytm Services, which distributes 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.
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