India, July 22 -- 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've been very much looking forward over the last two or three years to try some business practice for the company but. didn't have the bandwidth. So I'm really looking forward to going back and driving certain big business initiatives," Deora said in a post-earnings call.

Further...