Top executives Abhishek Arun, Renu Satti resign from Paytm

At least three senior executives of mobile payments firm Paytm have resigned from their positions soon after the company got listed on the stock exchange in India in one of the largest initial public offerings ever, according to sources privy to the development.

Abhishek Arun, who was the chief operating officer of Paytm Payments Bank and had joined Paytm in 2016 as a vice president is learnt to have exited the company.

Others who have put in their papers include old-timer Renu Satti, the chief operating officer who was handling the offline payments division.

Satti has been with Paytm since 2006 when she joined the company to head the human resource department of One97 Communications, which had 70 employees at that time.

She was given multiple roles during her stint at the company including that of the chief executive officer of the then newly launched Paytm Payments Bank.

The news of these resignations was first reported by Mint which also named Abhishek Gupta, the senior vice president, and chief operating officer of the lending vertical, among people to have exited the company.

Nayyar who joined Paytm in August 2019 led its foray into financial services verticals across lending, insurance, and wealth management. He was also responsible for strategy and leadership hiring.