Paytm president and COO Bhavesh Gupta resigns

Paytm's COO and President Bhavesh Gupta on Saturday resigned from his posts at the company citing personal reasons, a company statement said. The fintech company said in its regulatory filing that Gupta's resignation has been accepted by the company.

Bhavesh Gupta, COO and president of Paytm(Photo courtesy: https://blog.paytm.com/)

"Bhavesh Gupta, President and Chief Operating Officer, who was overseeing the payments and lending businesses, has decided to take a career break due to personal reasons. He will be transitioning to an advisory role, offering guidance for Paytm's growth initiatives until the end of the year," the statement by Paytm said.

Paytm said in its regulatory filing, “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.”