Varun Sridhar joins Paytm Money as CEO

Gallery

MORE...

Sports

India Open Competition in Shotgun begins in Jaipur, paving way for Nationals' qualification

India Open Competition in Shotgun, organised by the National Rifle Association of India (N

Hockey India names Amir Ali-led 20-man team for Junior Asia Cup

Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award

World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17

U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals

FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup

MORE...

Varun Sridhar joins Paytm Money as CEO

Last Updated : 29 Jul 2020 12:15:16 PM IST

Varun Sridhar joins Paytm Money as CEO

Online investment and wealth management platform Paytm Money on Wednesday announced the appointment of Varun Sridhar as its new Chief Executive Officer.

Sridhar has led the digital transformation journey of some of the top retail banks in India and abroad.

Most recently, he served as CEO of FinShell India where he launched realme PaySa a fintech platform on mobile.

Prior to this role, he was with BNP Paribas for close to eight years where amongst other assignments he supported the acquisition of Sharekhan.

Sridhar will report to Amit Nayyar, President at Paytm.

"Paytm Money is on a mission to empower millions of Indians with wealth management products. We are very excited to welcome Varun, whose experience in retail banking, broking, and wealth segment would help us accelerate our goals," Nayyar said in a statement.

A subsidiary of One97 Communications Ltd which operates Paytm, Paytm Money is headquartered in Bengaluru and has a team of over 300 employees.

The company said it has over six million users on its platform.

Paytm Money plans to invest Rs 250 crores over the next 12-18 months as it has planned to launch new businesses including equity brokerage in this financial year.

"At Paytm Money, I hope to build along with a fantastic team the most cost-effective & consumer-friendly products and experience for investors and traders," Sridhar said on his appointment.

"The wealth management and financial service solutions that Paytm is building are transforming the lives of millions of Indians and are relevant globally as well," he said.