Paytm turmoil ahead of IPO, resignations of several executives including President Amit Nayyar

New Delhi. Before the Initial Public Offer (IPO), there is a turmoil in the giant digital payments company Paytm. The company is about to apply for the IPO at the end of July, but before that many senior executives of the company have resigned. According to media reports, many top officials, including the President of Paytm, have resigned. These include Chief HR Officer Rohit Thakur.

Amit Nayyar had resigned from his post last month. He was heading the financial services division of Paytm. Nayyar had joined the company in August 2019. Nayyar was looking after the business of Lending, Insurance, Distribution, Wealth Management and Stock Broking of the company. Prior to joining Paytm, Nayyar was working as a Managing Director at the advisory firm Arpwood Capital. Paytm’s board has accepted Nayyar’s resignation.

Also Read – Indian Railways News: Good news for railway passengers, Tejas Express will be back on track from August 7

Last month, the company’s chief HR officer Rohit Thakur had also resigned. He stayed in Paytm for only 18 months. Thakur and Nayyar are not the only ones who have resigned from Paytm. Many officers have already left their posts this year.

Also read- Shock to the common man! After Amul, now Mother Dairy’s milk becomes expensive, price increased by Rs 2 / liter

In February this year, Jaskaran Singh Kampani resigned from the post of head of marketing of Paytm. He stayed in the company for 6 years. After leaving Paytm, Kampani joined as the Chief Marketing Officer of Xiaomi India.

Leave a Reply

Your email address will not be published. Required fields are marked *