Mass Exodus Of Top Paytm, Paytm Mall Executives Raises Concern; Architect Of Paytm Wallet, UPI Also Quits

Senior executives at the SoftBank-backed Paytm have been on a rise, since quite some time now.

However, even in rough economic spots like these, top Paytm executives, along with its subsidiary branches like Paytm Money and Paytm First, have been losing their executive heads.

Paytm’s senior vice president Puneet Jain and Paytm First’s head Siddharth Pandey have put in their papers of resignation.

Paytm Money Head, Puneet Jain Resigns

Paytm’s senior vice president and its online payment business Paytm Money’s lead Puneet Jain has called it quits with the company, after serving for the company for about 6 years.

He headed several utmost important positions and was responsible for managing profit and loss for the payments business.

He handled key roles such as sales and marketing, enterprise sales, operations among several others. 

He was among one of the most trusted people of Paytm’s chief Vijay Shekhar Sharma.

Paytm officials have confirmed that Jain had resigned some weeks back and is serving his notice period now. As Paytm looks for his replacement, it would be very difficult for the company to fill the role.

He led the most important function at Paytm and under his leadership, the enterprise payments business had turned profitable.

Other Paytm Top Executives Resign

Paytm Mall’s Chief Financial Officer Rudra Dalmia has also stepped down from his post.

Not just him, Paytm First’s head Siddharth Pandey has called it quits with the company as well.

Pandey who was heading Paytm First, served the firm for over seven years.

Paytm Mall’s Chief Financial Officer Rudra Dalmia had filed for a resignation on March.

In April, Paytm Money’s CEO Pravin Jadhav had resigned, due to his differences with Vijay Shekhar Sharma and the company over ESOPs and compensation.

Sometime later, Paytm Money’s CTO and ops head also quit the firm.

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