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
Post a Comment
Please leave your name and email id along with the comment .
Get the updates from this blog direct to your inbox . Fill in your email id on the home page.