Paytm Services CEO Varun Sridhar Steps Down After Five-Year Tenure

Varun Sridhar, CEO of Paytm Services, a subsidiary of One 97 Communications that operates Paytm, has resigned. 

This follows his stepping down last year as CEO of Paytm Money, the company’s wealthtech arm.

Read also- Jewellery Brand Palmonas Raises Rs 55 Cr in Series A Round Led by Vertex Ventures

Paytm Money has seen significant leadership changes over the past two years. Rakesh Singh took over as CEO after Sridhar but recently moved to another role within Paytm. According to media reports, Sandiip Bharadwaj has been appointed as the new CEO of Paytm Money.

Sridhar plans to start a venture in the wealthtech space, though the concept and approach to delivering real value to investors and traders are still being developed. He currently lives in Goa and aims to build his new startup there.

“The Indian wealthtech opportunity is large, growing fast and something I love doing, hence I believe this will be the perfect time to startup in this space,” Sridhar said.

Sridhar joined Paytm during its pre-IPO phase, helping shape the company’s operating model before it went public. At Paytm Money, he led initiatives like daily mutual fund SIPs, expanding digital gold offerings, and designing secured lending products.

Advertisment

Before joining Paytm, Sridhar spent nearly eight years at BNP Paribas, where he oversaw the acquisition and integration of Sharekhan into the global banking group. His career spans over 20 years across banking, wealth management, and fintech.

Now based in Goa, Sridhar wrote on LinkedIn that he plans to take time to reflect on his next move after more than two decades of continuous work. He is considering launching a wealthtech venture, exploring AI-driven education, or taking a sabbatical before returning to the startup world.