Some senior Paytm<\/a> executives have quit ahead of its highly anticipated $2.3 billion Initial Public Offering (IPO). 一些高级Paytm高管辞职之前,其备受期待的23亿美元首次公开发行(IPO)。
This includes Amit Nayyar<\/a>, the president of Paytm<\/a>, who has tendered resignation, two sources aware of the matter said.
The Noida-based firm's chief HR officer Rohit Thakur has also put in his papers, the sources added.
Nayyar, a former Goldman Sachs executive, came on board in 2019 to build the startup's financial services arm and has been instrumental in propelling its insurance and lending verticals.
“The timing of Nayyar leaving Paytm (ahead of the IPO) is intriguing given that he came in as President. Only Madhur Deora now has the President tag in the company,\" one source directly aware of the matter said.
Thakur, who joined the company in December 2019, finished serving his notice period and quit the company in the first week of June.
Nayyar and Thakur were from the new crop of leaders that Paytm hired after some senior executives from the older lot left the company about a year ago.
\"As a company, we do not comment on personnel changes. We have built an incredible management team with some of the most reputed names in the industry, who are focused on driving growth at Paytm,\" the company said in response to ET’s email.
Thakur was previously the HR head at Accenture. He has also held leadership positions at Microsoft and GE.
Paytm has yet to find a replacement for him, another person aware of the matter, who did not wish to be named, said.
“Rohit was relatively new in the organisation. Managing HR in a large organisation like Paytm, especially in the run up to the IPO could be challenging,” the source added.
According to a source, three other vice presidents at Paytm have also exited. ET could not independently verify the names of these executives.
Several senior executives, including the head of Paytm First, Paytm Money’s CEO and Paytm Mall’s chief financial officer quit the company about a year ago.
Since then, there has been only one major exit in February this year, its head of marketing, Jaskaran Singh Kapany.
Paytm in its last board meeting also made several changes to its board of directors, ET reported.
Douglas Lehman Feagin, senior vice president at Ant Group has joined the board as an additional director, replacing Eric Xiandong Jing, the chief executive of China’s largest fintech conglomerate Ant Group.
Meanwhile, Ashit Lilani, the managing partner of Saama Capital, has also joined the Board as an independent director, while members Michael Yuen Jen of Alibaba and Todd Anthony Combs of Berkshire Hathaway have left, according to regulatory filings accessed by ET.
Vikas Agnihotri of Softbank<\/a> Vision Fund has joined Paytm's board as an alternate director.
Ting Hong Kenny Ho and Guoming Cheng of the Alibaba Group who held the positions of alternate director have also seen their terms expire, according to filings.
ET reported on Monday that Paytm’s IPO will be worth around Rs 16,600 crore (about $2.23 billion) and the Noida-based fintech firm is likely to file a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) soon after its extraordinary general meeting (EGM) on July 12.
The company is seeking a valuation in the range of $24-$30 billion.
The fintech startup, which is backed by China’s Alibaba and Japan’s SoftBank<\/a>, is currently valued at $16 billion.
Ant Group and Alibaba own nearly 38% of One97 Communications, Paytm’s parent entity.
SoftBank holds 18.73%, while Elevation Capital (formerly SAIF Partners) has a 17.65% stake.
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这包括阿米特弘的总统Paytm已经递交了辞职,两个来源清楚的说。
Noida-based公司首席人力资源官罗希特Thakur还放在他的论文,消息人士补充说。
弘,船上一位高盛前高管,在2019年建立创业的金融服务部门和一直在帮助推动其保险和贷款垂直。
”纳亚尔的时机离开Paytm (IPO)之前是有趣的,因为他是总统。现在只有玛Deora总统标签公司,”一个直接了解情况的消息人士表示。
弘和Thakur新的作物的领导人Paytm雇佣年长很多的一些高管离开后公司大约一年前。
“作为一个公司,我们不评论人事变动。我们已经建立了一个令人难以置信的管理团队拥有一些最著名的名字,是谁在Paytm专注于推动经济增长,”该公司表示在回应的电子邮件。
埃森哲Thakur以前人力资源主管。他还担任领导职位在微软和通用电气。
Paytm还没有找到一个代替他,另一个人知道这件事,谁不愿透露姓名,说。
“罗希特是相对较新的组织。人力资源管理在一个大型组织喜欢Paytm,尤其是在IPO可能是一个挑战,”源补充道。
据一位知情人士介绍,其他三个副总统Paytm也退出了。等无法独立核实这些高管的名字。
一些高管,包括Paytm第一负责人Paytm钱的首席执行官和Paytm购物中心首席财务官退出公司大约一年前。
从那时起,一直只有一个主要的出口今年2月,其营销主管,Jaskaran辛格Kapany。
Paytm在最后一次董事会会议上也做了一些改变其董事会,等报告。
道格拉斯•雷曼Feagin蚂蚁集团高级副总裁加入董事会作为一个额外的导演,取代埃里克Xiandong Jing,中国最大的fintech集团的首席执行官蚁群。
同时,阿Lilani, Saama资本的管理合伙人,也作为一个独立董事加入董事会,而成员Michael袁Jen伯克希尔哈撒韦公司的阿里巴巴和托德·安东尼·库姆斯已经离开,根据提交给监管机构的文件访问等。
维Agnihotri的软银视觉基金加入Paytm董事会作为一个替代董事。
Ting香港肯尼Ho和Guoming程的阿里巴巴集团举行候补董事的位置也看到他们的条款到期,根据申请。
等周一报道,Paytm的IPO将价值约16600卢比(约22.3亿美元)和Noida-based fintech公司可能会提交一份红鲱鱼招股说明书(DRHP)与印度证券交易委员会(Sebi)后不久,其特别大会(临时)7月12日。
这家公司正在寻求得到一个估值在24 - 300亿美元的范围。
fintech启动,这是由中国的阿里巴巴和日本软银,目前价值160亿美元。
蚁群和阿里巴巴的近38%的One97通信、Paytm的父实体。
软银持有18.73%,海拔资本(原名SAIF Partners) 17.65%的股权。
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Some senior Paytm<\/a> executives have quit ahead of its highly anticipated $2.3 billion Initial Public Offering (IPO).
This includes Amit Nayyar<\/a>, the president of Paytm<\/a>, who has tendered resignation, two sources aware of the matter said.
The Noida-based firm's chief HR officer Rohit Thakur has also put in his papers, the sources added.
Nayyar, a former Goldman Sachs executive, came on board in 2019 to build the startup's financial services arm and has been instrumental in propelling its insurance and lending verticals.
“The timing of Nayyar leaving Paytm (ahead of the IPO) is intriguing given that he came in as President. Only Madhur Deora now has the President tag in the company,\" one source directly aware of the matter said.
Thakur, who joined the company in December 2019, finished serving his notice period and quit the company in the first week of June.
Nayyar and Thakur were from the new crop of leaders that Paytm hired after some senior executives from the older lot left the company about a year ago.
\"As a company, we do not comment on personnel changes. We have built an incredible management team with some of the most reputed names in the industry, who are focused on driving growth at Paytm,\" the company said in response to ET’s email.
Thakur was previously the HR head at Accenture. He has also held leadership positions at Microsoft and GE.
Paytm has yet to find a replacement for him, another person aware of the matter, who did not wish to be named, said.
“Rohit was relatively new in the organisation. Managing HR in a large organisation like Paytm, especially in the run up to the IPO could be challenging,” the source added.
According to a source, three other vice presidents at Paytm have also exited. ET could not independently verify the names of these executives.
Several senior executives, including the head of Paytm First, Paytm Money’s CEO and Paytm Mall’s chief financial officer quit the company about a year ago.
Since then, there has been only one major exit in February this year, its head of marketing, Jaskaran Singh Kapany.
Paytm in its last board meeting also made several changes to its board of directors, ET reported.
Douglas Lehman Feagin, senior vice president at Ant Group has joined the board as an additional director, replacing Eric Xiandong Jing, the chief executive of China’s largest fintech conglomerate Ant Group.
Meanwhile, Ashit Lilani, the managing partner of Saama Capital, has also joined the Board as an independent director, while members Michael Yuen Jen of Alibaba and Todd Anthony Combs of Berkshire Hathaway have left, according to regulatory filings accessed by ET.
Vikas Agnihotri of Softbank<\/a> Vision Fund has joined Paytm's board as an alternate director.
Ting Hong Kenny Ho and Guoming Cheng of the Alibaba Group who held the positions of alternate director have also seen their terms expire, according to filings.
ET reported on Monday that Paytm’s IPO will be worth around Rs 16,600 crore (about $2.23 billion) and the Noida-based fintech firm is likely to file a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) soon after its extraordinary general meeting (EGM) on July 12.
The company is seeking a valuation in the range of $24-$30 billion.
The fintech startup, which is backed by China’s Alibaba and Japan’s SoftBank<\/a>, is currently valued at $16 billion.
Ant Group and Alibaba own nearly 38% of One97 Communications, Paytm’s parent entity.
SoftBank holds 18.73%, while Elevation Capital (formerly SAIF Partners) has a 17.65% stake.
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