Digital payments major Paytm, owned by One97 Communications, has announced the promotion of Madhur Deora, currently serving as CFO, to the post of President.
Vijay Shekhar Sharma, Founder and CEO, Paytm, said, "We have grown over 20x 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 to the role of President. Madhur has been a key partner in this success."
Deora said, âIt has been an unbelievable journey at Paytm and I am excited about our next phase of growth in consumer internet and financial services. I look forward to working with Vijay and the management team to help build our organisation for the future.â
Deora has over two decades of professional experience. Prior to joining Paytm in October 2016, he served as Managing Director in Citigroupâs investment banking business in a career that spanned New York, London, and Mumbai.