Paytm's CEO, Nakul Jain, resigns to start a new venture, causing the company's shares to drop.

Nakul Jain, CEO of Paytm Payments Services Ltd, has resigned to pursue an entrepreneurial venture, effective March 31, 2025. Paytm is searching for a replacement and continues to focus on growth while awaiting approval for its payment aggregator license from the Reserve Bank of India. Despite a net loss, Paytm reported a 10% sequential increase in revenue in Q3 FY25. Shares of Paytm fell following the announcement.

2 months ago
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