One97 Communications Limited (OCL), which owns Paytm, has elevated Bhavesh Gupta as the company’s Chief Operating Officer and President. Strengthening our Leadership 💪🏻Our head of loan distribution and payments, Bhavesh Gupta has been elevated to be the President and COO of PaytmCheck more details here: https://t.co/gdTbtpiZ9p — Paytm (@Paytm) May 16, 2023In his role as President and Chief Operating Officer, Gupta will be responsible to lead verticals of lending, insurance, payments – online and offline, Consumer payments, and drive key initiatives, including User Growth, Operations Risk, Fraud Risk, and Compliance, Paytm said in an exchange filing. Prior to this elevation, Gupta was a senior Vice President of the company. Gupta is a financial service professional with over 25 years of experience building businesses from the ground up in payments, technology and analytics platforms, retail loans, digital lending, SME banking, retail banking, etc. In Q4 FY23, Paytm reported a 51% jump in revenue from operations at ₹2,334 crore, while its operating profit was ₹234 crore, including the full-year UPI incentive recorded during the quarter.

Source: The Hindu May 17, 2023 16:11 UTC