5paisa appoints former Paytm executive Ameya Agnihotri as CTO

Online trading platform 5paisa announced on Friday that it has appointed former Paytm executive Ameya Agnihotri as Chief Technology Officer (CTO).

In his previous role within Paytm's Travel division, Agnihotri led a team of 110 engineers. Over the last 17 years, he played a pivotal role in successfully developing digital platforms for diverse industries across continents. Agnihotri's extensive experience also includes notable positions at Berlin-based Zeotap as CTO, along with roles at Uber, Pub Matic, and Veritas. He holds a Master's in Computer Application from the University of Pune.

Commenting on this appointment, Narayan Gangadhar, MD & CEO of 5paisa Capital, said, "I am very excited to welcome Ameya to the 5paisa team. He is a standout and well-respected technology leader with decades of experience building innovative technology products. His stellar background in building teams, large scale digital products, and a deep understanding of the evolving tech ecosystem will help us attract top talent and greatly accelerate our digitisation efforts. Agnihotri will be based in Bangalore and lead our engineering center, where we continue to attract top talent from the tech industry."

In response, Agnihotri conveyed his excitement about joining 5paisa, emphasizing the company's already impressive standing in the digital discount broking space. He said, "5paisa has already built a fantastic platform and has been among leaders in the digital discount broking space. I am really excited to be a part of this innovative company and offer my experience in building some of the greatest products and platforms in the investing space." 

On May 25, the company announced the appointment of former Google, Uber and Amazon senior executive Narayan Gangadhar as chief executive officer as it aims to improve its cutting-edge tech platform and accelerate digital transformation. Gangadhar has two decades of experience with mostly global tech majors. 

On October 19, shares of 5paisa capital hit 52-week high to ₹494 per share on the Bombay Stock Exchange (BSE) after its consolidated total income from operations jumped 21% year-on-year (YoY) to ₹96 crore in the July-September quarter of fiscal year 2023-24 (Q2FY24).