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HT Digital Streams CEO Abhesh Verma moves on, Paytm’s Puneet Jain to replace him

Jain was Senior Vice-President, Online Payments (Payment Gateway, UPI, Wallet) at Paytm. He will take over from Verma as CEO at HTDS

(Left) Abhesh Verma and (Right) Puneet Jain

HT Digital Streams has appointed Puneet Jain as its new CEO, who will replace Abhesh Verma at the company. Sources close to the development confirmed the news with BestMediaInfo.com.

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Verma is moving on after spending a year at the company and accomplishing his task to transform and streamline the digital news business of HT Media. All the digital brands of HT — Hindustantimes.com, livemint.com and Livehindustan.com — witnessed significant growth under Verma’s leadership and saw over 70% jump in traffic.

Verma, who is currently serving a three-month notice period with the company, was responsible for leading the P&L of the digital news business in Hindustan Times. Under Verma’s tenure as CEO, livemint.com introduced paywall. He has been managing operations of all the digital properties, reaching over 138 mn Unique Users per month, and over 5 billion ads per month.

Before joining HT Digital Streams in June 2019, he was Chief Operating Officer of nexGTV for more than three years. He was previously associated with digital entertainment portal Saavn and Saavn Interactive as Chief Growth Officer and CEO.

Verma has two decades of experience across several industries such as entertainment, e-commerce, SEO, advertisement, venture capital and real estate.

Jain’s previous job was at Paytm as Senior Vice-President, Online Payments (Payment Gateway, UPI, Wallet) where he spent about six years.

Before that, Jain was a consultant at Accenture Management Consulting and Diamond Management and Technology Consultants. He has done his MBA from IIM, Kolkata and also holds a B.Tech degree.

Info@BestMediaInfo.com

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