A report published on a leading news portal on Wednesday had claimed that Paytm Money’s CTO Suresh Vasudevan and Operations head Beejish Pillai have put down their papers. The latest news of another high profile exit from Paytm Money has emerged almost a month after media reports claimed that Paytm Money’s CEO Pravin Jadhav has quit the organization.
To ascertain the news about CTO and operations head’s exit, Techpluto reached out to Paytm. In response, the Noida headquartered company confirmed the exit of CTO Vasudevan and Operations head Pillai.
Following is the statement issued by Paytm spokesperson
“Our CTO put in his papers back in January and is presently serving his notice period. The operations head was shuttling between our headquarters and Mumbai and has decided to move back home due to personal reasons. We have already filled these positions and have charted out an expansion plan.”
Techpluto could not ascertain about the new CTO and Operations head hired by Paytm Money.
Paytm Money had hired Vasudevan and Pillai in January last year. In a career spanning across more than 20 years, Vasudevan has worked for several startups and was employed at Amazon as Head of Engineering for Alexa Skills Certification Platform. Pillai, on other hand, (according to his LinkedIn profile) has worked as vice president operations Sharekhan and Asst Vice President and Operations Incharge, Yes securities.
After Paytm Mall, Paytm Money is yet another ambitious gamble taken by the SoftBank and Alibaba backed company. Paytm Money is essentially a online wealth management company that helps people in mutual fund investment.