Paytm's COO Bhavesh Gupta Resigns Amid Leadership Changes

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Bhavesh Gupta, Paytm's COO and President, resigns due to personal reasons, marking a significant departure.

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Gupta's resignation follows discussions with Paytm's CEO, effective May 31, 2024.

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Despite his departure, Gupta commits to supporting Paytm in an advisory capacity.

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Paytm allocates new ESOPs to eligible employees under its 2019 ESOP plan.

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Recent leadership changes at Paytm include departures from Paytm Payments Bank and Paytm Money.

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Surinder Chawla steps down as CEO of Paytm Payments Bank, while Varun Sridhar resigns as CEO of Paytm Money.

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Sumit Mathur, Paytm's former CMO, moves to a new role at Glanbia Performance Nutrition.

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Rakesh Singh is appointed as the new CEO of Paytm Money amidst the leadership transitions.

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