Skip to main content

Paytm Hired 20 Senior Executives In The Past Four Months, Plans To Hire 30 More

 


Paytm has hired 20 senior executives at vice president and above levels in the past four months and plans to hire 30 more to fuel its expansion.

The Noida-based 
e-commerce payment and financial technology company, which has more than 100 employees in its leadership team, has hired 700 people across levels since the government lifted the lockdown it had imposed to curb the spread of Covid-19.

“Most of our group companies, including 
Paytm Money, Paytm First Games, lending and insurance businesses, are expanding operations and adding new verticals on their platforms. This is creating the need to bring in more senior hires to lead different processes,” Rohit Thakur, chief human resources officer, Paytm told ET.

The company recently hired Urvashi Sahai as senior vice president (legal). Prior to this, she worked as general counsel for Walmart India. “She comes with the rich experience of setting up legally compliant processes such as an e-commerce platform, Kirana development programme, dark stores at the pan-India level,” said Thakur.

“Early on we decided that we would not let the pandemic be a roadblock in our hiring and continued with the process by making some changes in the way we onboard new colleagues,” he said.

In the past few months, the number of offline and online Paytm transactions combined has grown 35% while the gross transaction value or GTV has grown 50%, the company said without sharing absolute figures.

During the pandemic, Paytm worked to revamp the Paytm app UI with a ‘Stay at home essential payments’ section to include services such as mobile phone and DTH recharge, and electricity, water, gas, credit card and insurance premium payment.

“This led to over 50% increase in mobile recharges, 60% increase in DTH payments and over 200% increase in broadband bill payments,” said Thakur.

Since the imposition of lockdown from March 25, Payment transactions through Paytm Payments gateway have increased, especially for gaming, over-the-top and essential services. The company has also launched new products and services such as Paytm Postpaid, Scan to Order, contactless ticketing service, Covid insurance, Recharge Sathi, Credit Shell for flight tickets and free cancellation of bus tickets.

Senior executives hired in recent months include Bhavesh Gupta, CEO of the company’s lending arm; Varun Sridhar, CEO of Paytm Money; Vineet Arora, CEO of Paytm General Insurance Limited; and Manmeet Dhody, chief technology officer.

 

Sandip Ginodia , CEO

 

ALTIUS INVESTECH PVT LTD

 

We deal in over 60 unlisted companies with 15 years of experience 

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com


Comments

Popular posts from this blog

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

  JioMart , Reliance's online-to-offline commerce  platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went   live in 200 cities across India, is currently processing an average of  500,000 orders per day. " We can go even higher on peak days",  Jio Platforms CEO   Kiran Thomas  revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of  kiranas  and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials."  "Customers are transacting seamlessly on JioMart and the  conversational nature of the service  enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p

TCS merger with TCS e serve

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res