Paytm's COO Bhavesh Gupta Resigns Amid Leadership Changes

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

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

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

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

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

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

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

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

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