Paytm Money appoints Varun Sridhar as new CEO

Paytm Money, the subsidiary of One97 Communications Ltd which operates Paytm, has appointed Varun Sridhar as its new CEO.

Sridhar’s appointment comes just months after its former MD and CEO Pravin Jadhav resigned from the startup due to differences with the management of Paytm.

In his new role at Paytm Money, Sridhar will lead the launch and development of equity brokerage services for the firm, and grow existing products around mutual funds, national pension system and gold services, which the company offers.

Sridhar will be reporting to Amit Nayyar, President at Paytm, who joined the company in August last year, to lead Paytm’s financial services business.