Paytm news: Paytm Parent Company of Paytm, One97 Communications Payments Unit Paytm Payments Services Limited (PPSL) MD and CEO Nakul Jain Company are leaving the company. The company has announced today that Nakula will remain in its post till the last of this financial year 2025 i.e. 31 March 2025. However, he can leave the company and earlier on both sides i.e. the mutual consent of the company and Nakula. One 97 Communications has given this information in exchange filing. According to exchange filing, Nakul Jain is leaving the company so that he can start a business.
New CEO has not been decided yet
Nakul Jain Company, MD and CEO of Paytm Payments Services Limited, can leave the company on or before 31 March. However, who will take their place, it has not been decided yet. The company has informed in the exchange filing that the search for the new MD and CEO started. The company’s focus is on increasing growth and achieving business goals.
Nakula came in Paytm Payments Services in 2022
Nakula Jain was associated with Paytm Payments Services in the year 2022. He has more than 20 years of experience in payments and retail banking. He has commanded Standard Chartered Bank, ICICI Bank and IndusInd Bank. Now his resignation in Paytm Payments Services has come at a time when the company is waiting for the RBI approval for the payment aggregator license. Earlier, RBI rejected the company’s application in November 2022 due to non -compliance with the rules related to FDI (FDI). After receiving the government’s approval for downstream investment in August 2024, the company has re -applied for the license and is waiting for the decision.