Mumbai: 5paisa Capital Limited, a discount brokerage platform, has appointed Gaurav Seth as its Chief Executive Officer. This move aligns with the company’s vision to strengthen its offerings for traders and investors while enhancing its cutting-edge tech platform.
Gaurav Seth brings over two decades of expertise in financial services and technology, with experience spanning the US, India, and Southeast Asia. Before joining 5paisa, he served as the Chief Product Officer at Syfe, where he played a key role in positioning Syfe as a leader in the digital wealth space in Southeast Asia. Earlier, Seth was the Chief Business Officer at Paytm Money, where he was instrumental in establishing it as one of India’s top brokerages and mutual fund distributors. He has also led the digital transformation of Morgan Stanley’s wealth management business in New York and advised leading wealth managers on their digital strategies.
An alumnus of the Indian School of Business, Hyderabad, and a Bachelor of Engineering graduate from the Thapar Institute of Engineering & Technology, Patiala, Seth is recognized for his innovative approach to integrating technology and financial services.
Commenting on the appointment, Co-Promoter R Venkataraman said, “Mr. Seth’s experience in tech-driven innovations at major global and Indian firms will complement the digital transformation priorities at 5paisa Capital. We look forward to a great period of growth and innovation at 5paisa Capital under Mr. Seth’s leadership.”
Expressing his excitement, Gaurav Seth remarked, “5paisa Capital was the original disruptor in the Indian broking industry and democratized equity investing for millions of Indians by offering a great platform at affordable fees. I am happy to be a part of this legacy and excited about the next phase of growth at 5paisa.”
With a customer base of over 4.62 million as of September 2024, 5paisa Capital continues to be a major player in India’s discount brokerage sector. The company reported a net profit of ₹219 million and revenues of ₹1008 million in Q2 FY25. Its app is one of the most used stock investing platforms in India, boasting over 20.6 million users and a 4.3 rating on Google Play.
