5paisa Capital Limited (5paisa.com), one of India’s top discount brokers, has appointed Gaurav Seth, a veteran in technology and wealth management, as its new Chief Executive Officer. This move comes as the company looks to enhance its offerings for traders and investors while further strengthening its tech platform.
Seth brings over 20 years of global experience in building businesses at the intersection of financial services and technology across the US, India, and Southeast Asia. Before joining 5paisa, he served as the Chief Product Officer at Syfe, where he helped position the company as a leading digital wealth player in Southeast Asia.
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Commenting on the appointment, Co-Promoter Mr. R Venkataraman said, “Mr. Seth’s experience in tech driven innovations at major global and Indian firms will complement the digital transformation priorities at 5paisa Capital. We look forward to a great period of growth and innovation at 5paisa Capital under Mr. Seth’s leadership.
He was also the Chief Business Officer at Paytm Money, where he played a key role in establishing it as one of India’s top brokerage and mutual fund distribution platforms. Additionally, Seth led digital transformation initiatives at Morgan Stanley’s wealth management division in New York and provided digital strategy consulting to leading wealth managers.
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Commenting on his appointment, Mr. Gaurav Seth said, “5paisa Capital was the original disruptor in Indian broking industry and democratized equity investing for millions of Indians by offering a great platform at affordable fees. I am happy to be a part of this legacy and excited about the next phase of growth at 5paisa.”
Seth holds an MBA from the Indian School of Business and a Bachelor of Engineering degree from the Thapar Institute of Engineering & Technology, Patiala.
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About 5paisa
5paisa.com, one of India’s largest discount brokers, had over 4.62 million customers as of September 2024. The company reported a net profit of Rs 219 million in Q2FY25, with revenues reaching Rs 1008 million.
It is also one of the most popular stock investing apps in India, boasting over 20.6 million users and a strong rating of 4.3 on Google Play.
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