Paytm Money elevates Pravin Jadhav as MD and CEO; to invest Rs 250 cr in 2 yrs

New Delhi: Paytm Money, the wholly-owned subsidiary of One97 Communications that operates Paytm, on Monday said it has elevated Pravin Jadhav as Managing Director and chief executive officer, and also plans to invest Rs 250 crore over the next two years.

Founder and CEO of Paytm Vijay Shekhar Sharma said, in the last one year, under Jadhav’s leadership, the team at Paytm Money has built an entire organisation, product, and business grounds up.

“As a true entrepreneur, Pravin has made Paytm Money from an idea to India’s largest mutual fund investment platform today. As our business expands in stock broking, National Pension Scheme (NPS), and other investment products, I am very proud that Pravin will lead the company as its Managing Director and CEO,” he added.