Mutual fund Investments offering wing of digital giant Paytm is also planning to invest Rs 250 crore over the next two years.
Prior to this elevation, Jadhav was the whole-time director of Paytm Money. He was earlier associated with Servify and Rediff.com, and was the founder and CEO of Wishberg.
Sharing his views on the latest development, Founder and CEO of Paytm Vijay Shekhar Sharma said, in the last one year, under Jadhav’s leadership, the team at Paytm Money has built an entire organisation, 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 stockbroking, National Pension Scheme (NPS), and other investment products, I am very proud that Pravin will lead the company as its Managing Director and CEO,” added Shekhar.