Over the last few months, one of the leading financial services in India Paytm has been faced with a lot of controversial exits of the top brass at the company. And the streak continues yet again with the exit of Deepankar Sanwalka, President (Enterprise Functions). Who has been a part of the company for quite some time. Sources reveal that Sanwalka left after a year-long stint.
The financial service had seen other major exits from the company from the year 2021 such as Abhishek Arun, COO of Paytm Payments Bank, and Renu Satti, COO of Offline payments. It is quite ironic to note that both the senior executives had quit the company soon. After the company listed its shares in the market in 2021.
In 2021 with Rs. 18,300 crore shares listed, Paytm had gained the spot of highest listing of shares in India’s Capital Market. This IPO listing was also marked by the exit of Paytm President Amit Nayyar just months before the listing.
Sources reveal that Deepankar Sanwalka would soon join a senior leadership position at Grant Thorton India. Sanwalka is set to join the GT India from July 1 as revealed by a spokesperson within the company.
Paytm had faced quite a lot of setbacks in terms of organizational structure. As well as investor-related problems. With the loss of Alibaba as its main investor, Paytm continues to expand its operations. As stock prices continue to plummet at high rates.