Paytm’s Vijay Shekhar Sharma resigns from Financial Services business; to be replaced by current VP
Alibaba-backed Paytm founder Vijay Shekhar Sharma has resigned as the director at Paytm Financial Services because of “other preoccupations”. He will be replaced by Vice President Rohit Lohia. Lohia joined the organisation in July this year. The resignation letter was seen by Financial Express Online sourced from the business signals platform Paper.vc. The letter was sent to Paytm Financial Services board of directors on December 2, 2019. Paytm Financial Services was incorporated in March 2017, around two months before Paytm launched its payments bank — Paytm Payments Bank where Sharma is the Chairman.