After the resignation of senior executives from Paytm Money, its online payment business lead Puneet Jain and Paytm First’s Head Siddharth Pandey have quit.
According to sources, both resigned a couple of weeks ago and are currently serving their notice period. Jain’s resignation is a significant loss for Paytm as he has been solely responsible for the payments business including wallet, payment gateway and UPI.
Jain was responsible for managing profit and loss for the payments business. He handled key roles such as sales and marketing, enterprise sales, operations among several others.
Jain had a six-year long stint at the Noida-based firm and was one of the trusted lieutenants of Paytm’s Chief Vijay Shekhar Sharma. Jain took over the payments business after Kiran Vasireddy resigned a year ago.
Siddharth Pandey who was heading Paytm First also resigned. He served the firm for over seven years. Paytm Mall’s Chief Financial Officer Rudra Dalmia has also moved from the company.
As per the sources, while these exits seem to be on a good note, replacing Jain would be difficult for Paytm.
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