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Paytm Payments Services MD and CEO Nakul Jain Resigns Amid Regulatory Uncertainty

Paytm's fully-owned subsidiary, Paytm Payments Services Limited, has announced that Nakul Jain has resigned as Managing Director and CEO.

By Aryan Sharma
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Paytm Payments Services MD and CEO Nakul Jain Resigns Amid Regulatory Uncertainty

Paytm's fully-owned subsidiary, Paytm Payments Services Limited, has announced that Nakul Jain has resigned as Managing Director and CEO.

Jain will leave his position by March 31, 2025 or an earlier date if agreed upon by both parties, the company said in a statement.

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In a regulatory filing, the company said, “Jain has decided to pursue an entrepreneurial journey, which has led him to this decision. PPSL is actively working on identifying a suitable replacement and will announce the new appointment in due course.”

Before joining Paytm in April 2022, Jain was the Managing Director of Private Banking, Priority Banking, Deposits and Branch Banking at Standard Chartered Bank in India.

He resigned from Paytm to start his own business.

This comes at a time when Paytm has seen several leadership exits across its subsidiaries in the past year.

For example, Paytm’s head of compliance, Srinivas Yanamandra, resigned in late December 2024.A month earlier, Shreyas Srinivasan, Paytm’s chief product officer and head of consumer products, also announced he was leaving the company.

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