With view to strengthen its leadership team, India’s largest online transaction company Paytm, has appointed Amit Nayyar as its President.
The Noida-based company’s new President Amit Nayyar, is an ex-Goldman Sachs executive.
Similarly, on 20 August, i.e last week, Madhur Deora, chief financial officer and senior vice president at Paytm was promoted to a new role of President to keep up with the growth of the company
For details: Paytm CFO Madhur Deora promoted as President
“As we focus on expanding our offerings in financial services, we are excited to welcome Amit to the Paytm team. Amit’s experience and track record in the BFSI sector will help us accelerate our vision of bringing new-age financial services to Indians,” Vijay Shekhar Sharma, founder at Paytm, said.
Based out of Noida, Paytm was founded in 2010 by Vijay Shekhar Sharma with an aim to bring an ease in the digital payments ecosystem across India.
Nayyar has also worked at ICICI Securities, Bank of America, including Goldman Sachs. He was managing director at Mumbai-based investment bank Arpwood Capital before joining Paytm.
He will be responsible for all the financial services business like lending, insurance, wealth management, stock broking at the company. He will report directly to Sharma.
Some of the prominent players in the Indian market include Fircent, LenDenClub, IndiaMoneyMart, Monexo, LoanBaba, CapZest, and i2iFunding.