Paytm News: Last week, Paytm’s parent company One97 Communications (OCL) had announced expansion in its top management.
New Delhi:
The process of top level officers leaving the company continues in digital payment service company Paytm. Ajay Vikram Singh, Chief Business Officer (CBO) of the company’s UPI and User Growth, and Bipin Kaul, CBO of Offline Payments, have left their posts. Paytm said in a statement that it is committed to ensuring sustainable growth in its business.
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The company said, “We are going through a period of restructuring which is a sign of working with new energy under the guidance of Paytm’s CEO. These changes are part of our approach to strengthen the second line leaders at Paytm.”
Paytm announces expansion in top management
Earlier, last week, Paytm’s parent company One97 Communications (OCL) had announced the expansion of its top management to create a larger and profitable payments and financial services distribution business.
According to the company, Bhavesh Gupta, the company’s President and Chief Operating Officer, who is responsible for the Payment and Credit business, has decided to take a break in his career “due to personal reasons”. He will remain with the company in the role of consultant till the end of this year.
Let us tell you that recently the company has also made a change in the leadership in its wealth subsidiary Paytm Money Limited (PML). Recently it has appointed Rakesh Singh as its CEO. Varun Sridhar, former head of Paytm Money Limited, has been made the CEO of Paytm Services Private Limited (PSPL), giving new responsibility.
