Paytm’s Payments Services said that Nakul Jain has decided to leave this post to pursue the journey of his entrepreneurship.
New Delhi:
Paytm Payments Services Limited (PPSL) Managing Director and Chief Executive Officer (CEO) Nakul Jain has resigned from his post. One 97 Communications gave information in the information given to the stock market. Paytm Payments Services (Paytm’s Payments Services) is a subsidiary company of Forest 97 Communications. Paytm Payments Services Limited is owned by Forest 97 Communications.
Resigned to carry forward the journey of entrepreneurship
Giving information to the stock market, the company said that Nakul Jain has decided to leave this post to carry forward the journey of its entrepreneurship. His resignation will be implemented by mutual consent on or before the business time on 31 March 2025.
Search for new CEO continues
PPSL has said that it is looking for a new CEO and it will be announced soon. The company also said that it is committed to development and its business and fulfilling its business objectives.
Investment was approved by the Government of India
The company said that on 27 August 2024, PPSL was allowed to invest ‘Downstream’ through a letter from the Ministry of Finance, Government of India. Further process will be completed after this approval. Till the approval of the application, PPSL will continue to provide payment aggregation services to its existing online traders.
The company said that it will work towards providing better services in future with the appointment of new CEO.