Nakula Jain, Managing Director and Chief Executive Officer (CEO) of Paytm Payments Services Limited (PPSL), has resigned from his post. Paytm Payments Services Limited is owned by Forest 97 Communications, which gave information in the information given to the stock market.
According to the company information, PPSL is actively looking for the right person for the post and a new appointment will be announced in some time. Meanwhile, the company will continue to focus on advancing development and fulfilling its commercial objectives.
It said, “We want to inform you that our full -owned subsidiary Paytm Payments Services Limited (PPSL) has told us that PPSL Managing Director and CEO Nakula Jain ended on 31 March 2025 He has resigned from his post from the first date due to mutual consent. “Jain has decided to pursue his journey as an entrepreneur, due to which he made up his mind to quit this post.”
Company information said, “As informed on 28 August 2024, PPSL received approval for ‘Downstream’ investment in PPSL from the company on 27 August 2024 from the Government of India, Ministry of Finance, Financial Services. Went. It said that further action will be taken after the permission of ADI. Till the approved of the application, PPSL will continue to provide payment aggregation services to its existing online traders.