Payments company Paytm is about to apply for the issue by the end of July but before that two senior executives of the company resigned. According to Mint, two people with knowledge of the matter gave this information.
Paytm President Amit Nayyar 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.
Last month, the company's chief HR officer Rohit Thakur had also resigned. He stayed in Paytm for just 18 months. Thakur and Nayyar are not the only ones who have resigned from Paytm. Many officers have already left their posts this year.
In February this year, Jaskaran Singh Kampani had 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.
At present, Paytm Vice President Abhinav Kumar is looking after the marketing work of the company.
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