Paytm’s President & COO Bhavesh Gupta Resigns

SUMMARY

In a regulatory filing with the BSE, Paytm attributed Gupta’s resignation to a company-wide organisational restructuring

Gupta has now been moved to the advisory position within the company

The outgoing COO will be relieved from the services of the company on May 31

In a major rejig at paytm, the fintech major’s president and chief operating officer (COO) Bhavesh Gupta has stepped down. 

Gupta’s cited personal reasons for tendering his resignation while the company attributed the move to a company-wide organisational restructuring. His resignation was accepted by the fintech’s board during a meeting on Saturday (May 4) and will be effective from May 31. 

Gupta has now been moved to the advisory position within the company, said Paytm.

“The Board of Directors of the Company at its meeting held on May 04, 2024 took note of the resignation tendered by Mr. Bhavesh Gupta, President and Chief Operating Officer of the Company vide his letter dated May 04, 2024. His resignation has been accepted by the Company and he will be relieved from the services of the Company w.e.f. close of business hours on May 31, 2024,” the filling said. 

With this, Gupta joins the latest senior-level executive at the company who has tendered his resignation. 

(This is a breaking story and will be updated soon).