Paytm promotes Ajay Shekhar Shama as the CBO
By MYBRANDBOOK
Ajay Shekhar Shama, brother of Paytm's Founder and CEO Vijay Shekhar Sharma, has been promoted as the Chief Business Officer (CBO) ahead of the company's ₹16,600-crore IPO. Earlier, he was Paytm's Senior Vice President. He will be functioning as the CBO of cloud business of One97 Communications which provides cloud services to telecom companies and enterprises. If the company is successful, Paytm's IPO will be India's biggest public issue so far.
Prior to this, he was Senior Vice President of the online payments company.This is an interesting development which shows how his role has expanded in the company.
Before in the draft IPO filing also he was mentioned as a relative of the founder who owned interest in the voting power of that group that gave them "control" or "significant influence".
Paytm, which is targeting an initial public offering (IPO) of Rs 16,600 crore, offers payment, commerce and cloud and financial services to 333 million consumers and over 21 million merchants. If successful, Paytm's IPO will be India's biggest public issue so far, a record that was previously held by Coal India, which raised Rs 15,000 crore over a decade ago, underscoring the appetite for new-age Internet companies among institutional investors.
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Paytm brings UPI Lite Wallet for low-value transactions
Paytm’s parent company One97 Communications (OCL) is emphasizing upon UP...
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
CENTRE FOR DEVELOPMENT OF TELEMATICS
DIGISOL SYSTEMS LTD.
LUMINOUS POWER TECHNOLOGIES PVT. LTD.
FRESHWORKS TECHNOLOGIES PVT. LTD.
Technology Icons Of India 2023: Rishad Premji
Rishad Premji is the son of the Wipro head Azim Premji and was named a...
Technology Icons Of India 2023: Rajendra Singh Pawar
Rajendra Singh Pawar is an entrepreneur and businessperson who founded...
Technology Icons Of India 2023: Sachin Bansal
Sachin Bansal’s fintech startup, Navi Technologies, simplifies loan ...
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
CERT-IN protecting the cyber security space of India
CERT-In serves in the area of cyber security threats like hacking and ...
R P TECH INDIA
R P Tech is recognized for its diverse products portfolio, value-add...
FORTUNE MARKETING PVT. LTD.
Delhi based Fortune Marketing, An ISO 9001:2008 company, distributes ...
RAH INFOTECH
RAH Infotech is India’s fastest growing technology value added dist...