Paytm Money CEO Varun Sridhar, who made platform profitable, steps down; Rakesh Singh to take charge

Paytm Money, the wealth management platform of One 97 Communications Ltd, has appointed Rakesh Singh as its new CEO, replacing Varun Sridhar. Singh, previously the CEO of broking services at PayU-backed Fisdom, joined Paytm Money recently. Under Sridhar's leadership, Paytm Money achieved profitability with a net profit of Rs 42.8 crore in FY23.