Paytm money appointed its new CEO Varun Shridhar who will lead the launch & development of the equity brokerage. He will be reporting to the president of Paytm, Amit Nayyar.
The new CEO’s achievements in a nutshell- Led the digital transformation journey of top retail banks in India. He is ex-CEO of Finshell India where he launched realmePaySa a fintech platform on mobile. When he was with BNPParibas he supported the acquisition of Sharekhan. As a board member & member of the executive committee, he supported the scale-up of the digital equity brokerage & mutual fund business. On the appointment of Shridhar as the CEO, the president of Paytm said, “Paytm Money is on a mission to empower millions of Indians with wealth management products. We are very excited to welcome Varun, whose experience in retail banking, broking, and wealth segment would help us accelerate our goals. I look forward to working closely with him to expand Paytm Money further." To this Shridhar responded saying, "I am thrilled to be part of the team that is responsible for introducing wealth management services to consumers in both India and Bharat and making meaningful financial inclusion simple & easy. At Paytm Money, I hope to build along with a fantastic team the most cost-effective & consumer-friendly products & experience for investors & traders. The wealth management and financial service solutions that Paytm is building are transforming the lives of millions of Indians and are relevant globally as well." In another development, Paytm Money appointed Amit Kumar as the new CFO & Vice-President of the company. Paytm soon plans to launch new businesses including equity brokerage for which it will invest 250 crores.