This marks the third senior resignation from the company in the past few months.
Gupta's resignation comes just as the firm is set to announce its annual and fourth-quarter results.
Gupta resigned from his position at the company citing personal reasons. "Many operations, including lending, have taken a hit at the company after the regulator took action on Paytm PB. This may have led to some resignations. The strength of Paytm was the payments bank, and that differentiated the company from the rest of the financial technology firms in the country," a person in the know said.
The person added that the company may see a few more exits of a similar kind in the next few weeks.
Paytm did not respond to email queries until the time of going to press.
This story is from the May 06, 2024 edition of Business Standard.
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This story is from the May 06, 2024 edition of Business Standard.
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