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Paytm Senior VP Praveen Sharma Resigns To Pursue ‘Other Opportunities’

Inc42 · 1y ago

Paytm Senior VP Praveen Sharma Resigns To Pursue ‘Other Opportunities’

Praveen Sharma, senior vice president of business at Paytm's parent company One 97 Communications, has resigned after over four years. His resignation comes shortly after Paytm founder Vijay Shekhar Sharma stepped down from the board of Paytm Payments Bank. Paytm is also planning to transfer its point of sale (PoS) terminals to RBL Bank. In January, the RBI issued a directive that prevented Paytm Payments Bank from carrying out certain transactions. Since then, Paytm shares have plummeted and several mutual funds have divested their holdings in the company.

Related News

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.

Paytm denies layoffs, says Senior Vice President Praveen Sharma has resigned

Livemint

Livemint · 1y ago

Paytm denies layoffs, says Senior Vice President Praveen Sharma has resigned

Praveen Sharma, Senior Vice President - Business at Paytm, has resigned to pursue other opportunities. Paytm has refuted reports of significant workforce reductions, stating that they are engaged in routine performance evaluations and role alignments. The company emphasized its commitment to growth and operational efficiency without compromising workforce stability. Paytm aims to remain a leader in the digital payments and financial services landscape in India.

Paytm refutes layoff reports as SVP Praveen Sharma steps down

Economic Times

Economic Times · 1y ago

Paytm refutes layoff reports as SVP Praveen Sharma steps down

One97 Communications, which owns Paytm, announced that Praveen Sharma, Senior Vice President - Business, has resigned from his position. Sharma is leaving to pursue new opportunities. Paytm also denied reports of a 25-50% reduction in workforce, stating that such claims are baseless and that they are currently in the process of annual appraisals. The company reaffirmed its commitment to growth and operational efficiency. Paytm remains dedicated to leading the digital payments and financial services industry in India.

Surinder Chawla resigns as CEO of Paytm Payments Bank

Inshorts · 1y ago

Surinder Chawla resigns as CEO of Paytm Payments Bank

Surinder Chawla has resigned from the post of Managing Director and CEO at Paytm Payments Bank Limited (PPBL), citing personal reasons and career advancement. His resignation will be effective on June 26, 2024. Chawla's exit follows Praveen Sharma's resignation as Senior Vice President at Paytm last month, citing his interest in pursuing other opportunities.

Subha Tatavarti resigns as Wipro’s chief technology officer

Livemint

Livemint · 1y ago

Subha Tatavarti resigns as Wipro’s chief technology officer

Subha Tatavarti, the Chief Technology Officer (CTO) of Wipro Ltd, has resigned from her position to pursue opportunities outside of the company. Tatavarti, who joined Wipro in March 2021, was brought in by former CEO Thierry Delaporte. Wipro has not yet announced her replacement. This marks the fifth senior management change at Wipro since Srini Pallia took over as CEO in April 2021. Analysts suggest that some senior management churn is expected during a CEO change and that Wipro has been aiming to streamline its leadership structure. Wipro reported a decline in total revenue for the quarter ending June 2024.

Paytm Payments CEO Nakul Jain resigns

Economic Times

Economic Times · 6m ago

Paytm Payments CEO Nakul Jain resigns

Nakul Jain, CEO of Paytm Payments Services Limited, has resigned to pursue an entrepreneurial venture. Paytm is searching for a replacement and will announce it soon. Meanwhile, PPSL focuses on growth and business objectives. The company awaits the Reserve Bank of India's approval for its payment aggregator license after initially being rejected due to FDI non-compliance. Paytm reapplied following government approval for downstream investment. PPSL continues serving existing online merchants with payment services.

Zomato COO Rinshul Chandra Resigns to Pursue New Opportunities

OutlookIndia

OutlookIndia · 4m ago

Zomato COO Rinshul Chandra Resigns to Pursue New Opportunities

Zomato, recently rebranded as Eternal, announced the resignation of its Chief Operating Officer, Rinshul Chandra, effective April 7, 2025, as he decides to pursue new personal and professional goals. This change in leadership is part of a broader series of transitions within the company, following recent departures of other senior staff and significant layoffs in customer service due to the adoption of AI automation. Zomato has not yet appointed Chandra’s successor.

Zomato Cofounder, CPO Akriti Chopra Quits

Inc42 · 11m ago

Zomato Cofounder, CPO Akriti Chopra Quits

Akriti Chopra has recently resigned from her position at Zomato, according to the company. She held a senior management role and decided to leave to pursue other opportunities. Chopra was promoted to cofounder of the foodtech company earlier this year, coinciding with Zomato's preparations for its initial public offering (IPO).

Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank

Livemint

Livemint · 1y ago

Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank

Vijay Shekhar Sharma, the founder of Paytm, has resigned from the board of Paytm Payments Bank. One97 Communications, the parent company of Paytm, announced the resignation and the company's plans to appoint a new chairman. Additionally, several new independent directors have joined the board of Paytm Payments Bank, including former chairman of Central Bank of India, Srinivasan Sridhar, and retired IAS officer Debendranath Sarangi. The new directors are expected to contribute their expertise to enhance governance structures and operational standards at the bank.

Paytm Payments Bank CEO Surinder Chawla resigns

VCCircle

VCCircle · 1y ago

Paytm Payments Bank CEO Surinder Chawla resigns

Surinder Chawla has resigned from his position as the CEO and Managing Director of Paytm Payments Bank in India, citing personal reasons. His resignation is effective from June 26, and a successor has not yet been announced. This announcement follows Vijay Shekhar Sharma stepping down as non-executive chairman of Paytm Payments Bank. The Reserve Bank of India had previously ordered Paytm Payments Bank to wind down its operations due to compliance issues, but the company was granted a third-party app license to continue facilitating payments after its banking unit ceased operations.

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