Mumbai: Paytm Money – Online platform for mutual fund investments and the wholly-owned subsidiary of One97 Communications that owns & operates Paytm, announced that it has promoted Pravin Jadhav, currently its Whole-time Director to Managing Director & Chief Executive Officer.
Vijay Shekhar Sharma, Founder & CEO, Paytm said, “In last one year, under Pravin’s leadership, the team at Paytm Money has built an entire organization, product, and business grounds up. As a true entrepreneur, Praveen has made Paytm Money from an idea to India’s largest mutual fund investment platform today. As our business expands in Stock Broking, NPS, and other investment products, I am very proud that Pravin will lead the company as its Managing Director & CEO.”
An ex-entrepreneur himself, Pravin is well recognized and followed in the Indian internet & startup domain as a product & growth leader. With near two decades of professional experience, prior starting with Paytm Money he served as the Chief Product and Growth Officer at Servify; earlier he led Product Management for e-commerce & mobile at Rediff.com, and was Founder & CEO of Wishberg.
Pravin Jadhav, Managing Director & CEO, Paytm Money said, “Everyday we continue to build Paytm Money to manage user’s trust. It has been an exciting journey so far with Paytm Money and I am looking forward to the massive opportunity that lies in front of us to make investments more simpler, transparent and accessible to millions of Indians.”
The company now has over 3 Million users on its investment platform and is the single largest contributor of SIPs to the mutual funds’ industry, also contributes to about 40% of all SIPs registered in Direct Mode. Paytm Money aims to invest INR 250 Crores over the next 18-24 months as it is expected to launch new businesses including Stock Broking, NPS and more in this financial year.
