Paytm Group CFO Deora to Retire From Company Board, Ex-Bureaucrat Bimal Julka Resigns

Paytm Group CFO Deora to retire from company board, ex-bureaucrat Bimal Julka resigns

New Delhi: Paytm owner One97 Communications’ Group Chief Financial Officer (CFO) Madhur Deora will step down from the board as he is not seeking reappointment, according to a regulatory filing. Former bureaucrat Bimal Julka, a non-executive independent director of Paytm, has resigned from the board, according to the filing. "Madhur Deora, Executive Director, President and Group CFO, being a director liable to retire by rotation at the ensuing An…

Paytm's Group CFO Madhur Deora Quits Board To Focus On Executive Roles

Fintech major Paytm, which reported a profitable Q1, announced several changes to its board of directors along with its financial numbers. The biggest among this was that its president and group CFO Madhur Deora would step down from the company’s board and not seek reappointment.  However, Deora will continue in his role as Paytm’s group CFO and assisting CEO Vijay Shekhar Sharma in driving the company’s expansion plans. “On a personal level, I’…