Paytm Money has elevated Pravin Jadhav as Managing Director and Chief Executive Officer, and also plans to invest Rs 250 crore over the next two years.
Commenting on the development, Founder and CEO of Paytm Vijay Shekhar Sharma mentioned, in the last one year, under Jadhav's leadership, the team at Paytm Money has built an entire organization, product, and business grounds up.
"As a true entrepreneur, Pravin has made Paytm Money from an idea to India's largest mutual fund investment platform today. As our business expands in stock broking, National Pension Scheme (NPS), and other investment products, I am very proud that Pravin will lead the company as its Managing Director and CEO," he added.
Before his elevation, Jadhav was working as the whole-time director. Prior to Paytm Money, he worked with Servify and Rediff.com, and was the founder and CEO of Wishberg.
"Paytm Money aims to invest Rs 250 crore over the next 18-24 months as it is expected to launch new businesses including stock broking, NPS and more in this financial year," reported a media website.