Top executives are leaving Paytm before IPO

In less than 2 months of time the top two executives Mr. Amit Nayyar and Rohit Thakur have left the company. Amit Nayar who joined the company in 2019 was looking after the financial division of the company i.e.  lending, insurance distribution, wealth management, and stock broking business, has put down papers just before Paytm IPO. This is a big jolt to the company considering the traction financial sector is getting these days owing to structural shift happening in the style of investment in our country. The leaving of top executive at the time of IPO may derail the growth of this segment if they don't find a right candidate as early as possible. Last month, Mr. Rohit Thakur too has left the company. Paytm over the last few years have really struggled to retain the top executives which has hampered the growth of the company. Following are the comments of the management collected by Mint on the queries send to management. 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," said a Paytm spokesperson.