India Business News: One97 Communications (OCL), which owns brand Paytm, on Saturday said the company's president and chief operating officer (COO) Bhavesh Gupta has resig
Paytm's president and COO, Bhavesh Gupta, resigns citing personal reasons. The company announces leadership changes and organizational restructuring for growth and compliance. Varun Sridhar to become CEO of Paytm Services and Rakesh Singh appointed as CEO of Paytm Money.
OCL has expanded its portfolio with Paytm Services Pvt Ltd (PSPL), a subsidiary dedicated to distributing mutual funds, and other wealth management products.
The announcement comes barely a few days before the company is set to announce its Q4 results, which is expected to be bad because of the regulator s restrictions on its associate firm, Paytm Payments Bank Limited (PPBL)