Obopay, a US-based mobile banking and payment provider, has promoted its president, Deepak Chandnani as CEO of the company. Founder and CEO, Carol Realini will assume the new role of executive chairman.
In his new role, Chandnani will focus on the company’s significant growth in size and geographic scope, while Realini will continue her focus on corporate strategy as well as furthering Obopay’s corporate vision.
Chandnani will be based out of Obopay’s Corporate Office in Mumbai, India, while Realini will be based out of Obopay’s Corporate Office in Redwood City, California.
Chandnani, who was appointed President in May of last year.
Prior to joining Obopay, Chandnani was the CEO of Wire and Wireless in India and before that served as the managing director for NCR in India.
Earlier assignments included roles with Yahoo, where he established Yahoo’s first office in India, and at Citibank, where he played key roles as marketing director for India and business head of the Citibank Suvidha liability business in India, HLL, and included an entrepreneurial stint.
Realini said Obopay’s revenue has doubled over last year and they expect it to do the same in 2011. Deepak has clearly demonstrated that he can scale the company as the firm continue our growth around the world.
"This promotion recognizes Deepak’s immense contribution as well as fulfills a need for an expanded and experienced management team as we move forward," Realini concluded.