Paytm has announced on Monday that Amit Sinha, who has been the Senior Vice President of Business at One97 Communications will now be the Chief Operating Officer at Paytm Mall.
Amit will be responsible for the overall operations including expanding the team. He has looked after HR and financial processes of One97 Communications since 2008 and has helped to build several new businesses.
“At Paytm Mall, we are addressing a unique opportunity of giving small businesses and retailers access to mobile internet technology to address India’s large mobile consumer base. Amit’s experience in building various businesses since their inception makes him our best choice to lead our commerce business,” Paytm founder Vijay Shekhar Sharma said.
Paytm’s goal is to build the country’s largest platform that enables trusted partners including brand and merchants in growing their business. We are innovating on multiple aspects of business and offering newer business opportunities for sellers, according to the statement issued by the company.
In May this year, Paytm had announced that Renu Satti will be the CEO of its payment bank entity since the digital wallet company received the final nod from the RBI to function as a bank. Renu Satti has been a long time executive and Vice President with Paytm. The new banking operation started on May 23rd is called the Paytm Payments Bank Limited. And as per RBI’s guidelines, the company will transfer its wallet business to this new entity under a payments bank license given to its Founder and CEO Vijay Shekhar Sharma.
Last year, Paytm de-merged its three-year-old e-commerce business into a separate unit—Paytm Mall, under the legal entity Paytm E-Commerce Pvt Ltd. The company launched a dedicated online portal and mobile app for Paytm Mall on 27 February.
In June Last year, People Matters spoke to Amit on Travails of Team building which was the June cover story. The story focuses on learning the first principles of attracting and enabling the core team from entrepreneurs. Read here to know what he had shared it with People Matters.