Paytm Money appoints Rakesh Singh as CEO after Varun Sridhar's resignation; firm turned profitable in FY23.
Paytm Money, a subsidiary of One97 Communications, has appointed Rakesh Singh as its new CEO after Varun Sridhar resigned from the role. Under Sridhar's leadership, the company turned profitable in FY23 with a net profit of Rs 42.8 crore and revenue of Rs 132.8 crore. Singh, with 18 years of banking experience, previously held the same position at Fisdom, a discount brokerage firm. Paytm Money competes with established players like Zerodha, Groww, and Upstox in the discount broking industry.
May 02, 2024
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