One97 Communications Limited, the parent company of Paytm, has announced the appointment of Bhavesh Gupta as the President and Chief Operating Officer (COO) of the company. This decision was made by the Board of Directors and aims to strengthen the leadership team at Paytm.
Gupta brings with him a wealth of experience in the financial services industry, spanning over 25 years. He has a proven track record of building successful businesses in various domains, including payments, technology, analytics platforms, retail loans, digital lending, SME banking, and retail banking. Prior to joining Paytm in 2020, Gupta held several leadership positions, including CEO of Clix Capital (formerly known as GE Capital) and Head of SME & Business Banking at IDFC Bank. He has also been associated with ICICI Bank in various capacities. Gupta holds a degree from Delhi University and an MBA from the Institute of Management Studies, Indore.
In his new role as President and COO, Gupta will lead multiple verticals, including Lending, Insurance, Payments (both online and offline), and Consumer Payments. He will also be responsible for driving key initiatives such as User Growth, Operations Risk, Fraud Risk, and Compliance. Gupta will directly report to Vijay Shekhar Sharma, the Managing Director and Chief Executive Officer of Paytm, who will continue to provide guidance and support in the company’s strategic endeavors.
The appointment of Bhavesh Gupta comes at a crucial time for Paytm as it continues to expand its footprint and diversify its offerings in the rapidly evolving digital payments landscape in India. Paytm, one of the country’s leading fintech companies, has been at the forefront of revolutionizing the way Indians transact and manage their finances. With Gupta’s extensive experience and expertise, the company aims to further enhance its market presence and provide innovative solutions to its growing user base.
This announcement underscores Paytm’s commitment to attracting top talent and fostering a culture of innovation and excellence. The company’s decision to appoint a seasoned professional like Bhavesh Gupta reflects its strategic focus on driving sustainable growth and delivering enhanced value to its stakeholders.
Further details regarding this appointment can be found on Paytm’s official website, www.paytm.com. This move is expected to create new synergies within the organization and contribute to Paytm’s continued success in the dynamic Indian digital ecosystem.
As Paytm continues to redefine the digital payments landscape in India, the addition of Bhavesh Gupta to its leadership team is poised to further accelerate the company’s growth trajectory and solidify its position as a market leader.
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