CXO-level shifts rearrange top deck at Indian startups
Tata Digital as CEO, the resignation of Paytm Payments Bank MD and CEO Surinder Chawla, and the appointment of Rakesh Singh as CEO of Paytm Money, among others.
ET analysed the top-level movements with data from executive search firm Longhouse Consulting.
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Offering CollegeCourseWebsiteIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitMIT xPROMIT Technology Leadership and InnovationVisitIn the first six months of 2024, Tata group's ecommerce unit, Tata Digital, appointed Tahilyani as its chief executive officer (CEO) and managing director (MD), replacing Pratik Pal. Previously, he was the CEO of Tata AIA Life Insurance.
The fintech industry, facing substantial regulatory challenges from the Reserve Bank of India (RBI), witnessed significant top-level changes. Chawla, who was the MD and CEO of Paytm Payments Bank, resigned, citing personal reasons and the pursuit of better career opportunities. Additionally, Bhavesh Gupta resigned as president and CEO of Paytm to join consultancy firm Operating Mynds Consultancy.
Similarly, Singh, who was the CEO of broking services at PayU-backed wealth tech startup Fisdom, was appointed CEO of wealth management company Paytm Money, replacing Varun Sridhar.
Digital payments firm PhonePe appointed former Yes Bank chief digital officer Ritesh Pai as CEO of its international business. Before this, Pai was the president of products and solutions at
