Bhavesh Gupta has stepped down as the president and COO of Paytm. Gupta has cited personal reasons behind his decision. The company shared the information in a BSE filing.

“Gupta's resignation, which will be effective from May 31, 2024, will continue as an advisor in the CEO office, post May 31 or after his resignation is accepted,” states the filing.

Gupta was elevated to the post of president and COO in May 2023. He joined the company in August 2020.

Gupta is a banker with over two decades of experience and has led the digital transformation journey of some of the top retail banks and NBFCs in the country. Prior to Paytm, he served as the Founding Member & CEO of Clix Capital, earlier known as GE Capital India.

Prior to this role, he was Founding Member and Head – SME & Business Banking at IDFC First Bank for two years. Gupta spent more than a decade at ICICI Bank where he played a senior role across retail banking, both on liabilities and lending side of the business.