Paytm CFO promoted as its president
By MYBRANDBOOK
Madhur Deora is promoted as the President, Paytm. He had joined Paytm in 2016 and spent over 17 years in Citi. Prior to joining Paytm, he was MD of Citi’s investment banking unit.
Deora, as part of the new role, will be responsible for profit and loss of Paytm’s all consumer business verticals like movie ticketing, travel, deals, and content among others. He will report to Vijay Shekhar Sharma, founder and CEO, Paytm.
This would make Deora the only senior executive at the firm to hold the designation of president. Deora will continue to head finance for Paytm, but the company said it is looking for a new candidate for the position of CFO.
“We have grown over 20 times in the last three years by creating a payments-led lifestyle and financial services app in our country. The next phase of our journey is to expand our offerings in consumer internet and financial services. As we expand our business, we are promoting Madhur. He has been a key partner in this success,” said Sharma.
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