One97 Communications Ltd, which operates Paytm, has appointed Bhavesh Gupta as chief executive officer (CEO) of its lending business. In his new role, Bhavesh will develop and expand Paytm’s lending services and help the company create new credit products for customers and SMEs in partnerships with other banks and NBFCs. Gupta will be reporting to Amit Nayyar, President at Paytm.

Last week, the company had also announced the appointment of Varun Sridhar as the new CEO of its wealth management arm, Paytm Money.

Prior to this, Gupta served as the founding member and CEO of Clix Capital, earlier known as GE Capital India, where he focused on building a diversified non-bank financial company (NBFC), in the digital consumer and MSME lending space. At Clix Capital, Gupta also looked at expanding Clix Capital’s offerings to the urban affordable housing segment.