March 6, 2021

Paytm Cash appoints Varun Sridhar as their new CEO

MUMBAI: Funding and wealth administration subsidiary of Paytm – Paytm Cash – has appointed Varun Sridhar as its new CEO to go and launch their foray into the fairness brokerage enterprise.

“He’ll lead the launch & improvement of the fairness brokerage apart from rising the already profitable mutual funds, NPS and Gold providers,” the corporate mentioned in a media assertion shared with ET.

Paytm founder and CEO Vijay Shekhar Sharma mentioned final week at an trade occasion that they may begin inventory broking enterprise within the subsequent “three-four week.”

Beforehand the CEO of FinShell India the place he launched the realme PaySa – a fintech platform on cellular, Sridhar additionally has labored with BNP Paribas the place he oversaw the acquisition of brokerage ShareKhan.

“As a board member & member of the chief committee, he supported the scale-up of the digital fairness brokerage & mutual fund enterprise,” the corporate mentioned.

Paytm Cash additionally introduced that Amit Kapoor, who was the ex-CFO of Aviva India, has joined as the brand new CFO & Vice President of the corporate.

“We’re very excited to welcome Varun, whose expertise in retail banking, broking, and wealth phase would assist us speed up our targets,” mentioned Amit Nayyar, president at Paytm. “I sit up for working intently with him to develop Paytm Cash additional.”

Sridhar could be straight reporting to Nayyar, the corporate mentioned.

“At Paytm Cash, I hope to construct together with a improbable crew essentially the most cost-effective & shopper pleasant merchandise & expertise for traders & merchants,” mentioned Sridhar, CEO Paytm Cash. “The wealth administration and monetary service options.”