Mumbai: Paytm President Amit Nayyar and Chairman of Rohit Human Resources Thakur understood has resigned.
Some other senior executives have also included their paper in recent months.
Responding to Queries from Toi, Paytm said in a statement: “As a company, we did not comment on changes in personnel.
We have built an extraordinary management team with some of the most famous names in this industry, which focuses on driving growth in Paytm.” Nayyar, former Goldman Sachs executive has joined Paytm in 2019 and is responsible for vertical financial services and also maintains new launches such as broking, insurance, loans and wealth management.
Out of the General Meeting of the Fintech Company Shareholders on July 12 where he would request approval for the proposed initial public offering (IPO).
After the meeting, Paytm plans to file a red herring prospectus design.
EGM will also see shareholders giving changes to change in the planned stock of company employees.
Paytm said that there was no employee class who would benefit as a result of changes, and they aim to allow IPO.
Earlier this week, Paytm saw a large reshuffle at the board level, which saw the entry of Douglas Feadin of Ant Financial and left several other executives from the Ant / Alibaba group.
In addition to FEAGIN, ASHIT Lilani from Saama Capital and Vikas Agnihotri from Softbank also joined the council.
Former Business Head of the Global Global Neeraj Arora also tends to join the council.