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Paytm plans to revamp senior leadership, key

YourStory

YourStory · 1y ago

Paytm plans to revamp senior leadership, key

Paytm, the Indian digital payments giant, is set to expand its senior leadership team with key appointments in the near future, according to CEO Vijay Shekhar Sharma. The company has experienced a number of high-level departures recently, including the President and Chief Operating Officer, as well as the Chief Business Officers of UPI & User Growth, and Offline Payments. Despite these exits, Paytm has made important hires to strengthen its leadership, such as the appointment of Narasinganallore Venkatesh Srinivasan as a Non-Executive Independent Director and Rakesh Singh as CEO of Paytm Money Ltd.

Related News

Paytm appoints Deependra Singh Rathore as new CTO, as Dhody transitions to AI Fellow

YourStory

YourStory · 1y ago

Paytm appoints Deependra Singh Rathore as new CTO, as Dhody transitions to AI Fellow

- Paytm has appointed Deependra Singh Rathore as its new Chief Technology Officer for Payments, replacing Manmeet Singh Dhody. - Deependra Singh Rathore has been with Paytm and its associate company, Paytm Payments Bank Limited since January 2016. - Rathore is currently the Senior Vice President - Technology and drives AI-led strategic initiatives at Paytm. - During his tenure at Paytm, Rathore has been responsible for building and enhancing payments technology, including online payment gateway, QR payments, and card payments. - The appointment of Rathore comes as part of Paytm's plans to revamp its senior leadership team following recent high-level departures. - Manmeet Singh Dhody, the former CTO for Payments at Paytm, has transitioned to the role of "AI Fellow".

Inside Paytm’s Big Reset: CEO Vijay Shekhar Sharma Takes Charge Of Key Verticals As Leaders Exit

Inc42 · 1y ago

Inside Paytm’s Big Reset: CEO Vijay Shekhar Sharma Takes Charge Of Key Verticals As Leaders Exit

Paytm, the Indian fintech giant, is undergoing a major restructuring amid a wave of top leadership exits. CEO Vijay Shekhar Sharma will take charge of key verticals and work directly with new leadership. Several business heads, including those focused on UPI, merchant payments, and consumer payments, have recently resigned. The changes come as Paytm faces compliance issues and the Reserve Bank of India's restrictions on its payments bank. CEO Sharma aims to strengthen the company's leadership, reinvigorate its approach, and address regulatory compliance concerns. Paytm is expected to disclose its financial performance at the end of May.

Amazon reorganises healthcare business: Report

Economic Times

Economic Times · 4m ago

Amazon reorganises healthcare business: Report

Amazon is reorganizing its healthcare business into six new units following the departure of key executives, including Chief Medical Officer Sunita Mishra. The restructuring aims to revamp the healthcare segment without broad layoffs, despite setbacks in leadership. Aaron Martin, another top executive, is also set to leave. This overhaul reflects Amazon's effort to streamline and strengthen its healthcare operations amid a challenging phase, as reported by CNBC and summarized by Reuters.

ONDC To Likely Rope In Paytm’s Rohit Lohia As CBO

Inc42 · 18d ago

ONDC To Likely Rope In Paytm’s Rohit Lohia As CBO

Rohit Lohia, a senior vice-president at Paytm, is reportedly set to join the government-backed Open Network for Digital Commerce (ONDC) as the new chief business officer (CBO). His appointment aims to fill the vacancy left by Shireesh Joshi, who resigned in March. Lohia's past experience at Paytm involves strategy, growth, and business operations, along with board roles at Paytm Money and QorQl. This move comes amidst ONDC's challenges with declining transactions and key resignations.

Flipkart rejigs top deck amid fresh funding round

The Arc Web

The Arc Web · 1y ago

Flipkart rejigs top deck amid fresh funding round

Flipkart, the Indian e-commerce giant, has experienced major changes in its senior leadership with the resignation of five out of twenty of its senior vice presidents (SVPs). This marks the first significant leadership reshuffle in five years since Walmart's acquisition of Flipkart. The departures include key leaders in various areas such as marketplace and categories, fintech and payments, growth and retention, and data centers. Flipkart has also announced a workforce reduction of 5%, impacting around 1,000 employees, as part of its efforts to achieve profitability by year-end.

Elevation Capital partner quits in another top-level change

VCCircle

VCCircle · 7m ago

Elevation Capital partner quits in another top-level change

A senior executive at Elevation Capital, a venture capital firm investing in India for over two decades, has resigned, as VCCircle reports. Elevation Capital has invested in over 200 companies, including prominent names like Paytm, Swiggy, Meesho, and Urban Company. This resignation marks another top-level change within the multi-stage investor, indicating potential shifts in its leadership or strategic direction as it continues to influence the Indian startup ecosystem.

Flipkart rejigs top deck amid fresh funding round

The Arc Web

The Arc Web · 1y ago

Flipkart rejigs top deck amid fresh funding round

Flipkart, the Indian e-commerce firm, has experienced a significant shakeup in its senior leadership team, with 25% of its senior vice presidents resigning. The departures include key leaders such as the heads of marketplace and categories, fintech and payments, growth and retention, and data centers. Concurrently, Flipkart has reassigned an executive to lead its high-margin advertising business and launched a fintech vertical called Super.money. These changes come as the company aims to achieve profitability and navigate a slowdown in demand following the pandemic.

Swiggy promotes Sidharth Bhakoo to CBO for Food Marketplace

YourStory

YourStory · 10m ago

Swiggy promotes Sidharth Bhakoo to CBO for Food Marketplace

Sidharth Bhakoo, previously VP and National Business Head at Swiggy, has been promoted to the position of Chief Business Officer - Food Marketplace. Bhakoo has been with Swiggy for over six years and has held various leadership roles within the company. His expertise lies in team management, B2B sales, distribution, channel management, and business development across the telecom and banking sectors. Swiggy recently made other key appointments, including Shalabh Shrivastava as Senior Vice President of Driver Org and Hari Kumar G as Senior Vice President and Chief Business Officer for Swiggy Instamart.

Paytm Senior VP Praveen Sharma quits to pursue other opportunities

Inshorts · 1y ago

Paytm Senior VP Praveen Sharma quits to pursue other opportunities

Paytm Senior Vice President Praveen Sharma has quit the fintech startup to pursue other opportunities, Paytm said in an exchange filing. Praveen, who tendered his resignation to CEO Vijay Shekhar Sharma on Saturday, will work with Paytm till Sunday (March 31). "I had a wonderful stint here," said Praveen, who has worked at Paytm since September 2019.

Infosys promoted in-house talent to top jobs after high-level exodus: Nomura

Livemint

Livemint · 1y ago

Infosys promoted in-house talent to top jobs after high-level exodus: Nomura

Infosys recently filled all the vacant roles due to senior leadership departures with internal candidates, according to a research note by Nomura Holdings. The company cited a deep bench of senior leadership and highlighted that over 50% of its senior vice-presidents and executive vice-presidents have been with the firm for two decades or more. Infosys stated that promoting internally helped it retain clients and strengthen relationships. The company expects revenue growth of 1.5-2% for FY24. Infosys has experienced senior management churn in recent years, with many executives leaving the company.

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