Truecaller appoints Rishit Jhunjhunwala as new CEO

Rishit Jhunjhunwala is set to assume his new position at Truecaller on January 9, following the departure of the current CEO, Alan Mamedi.

By  Storyboard18Nov 7, 2024 12:23 PM
Truecaller appoints Rishit Jhunjhunwala as new CEO
Rishit Jhunjhunwala has been with Truecaller since 2015 and currently serves as the chief of products and managing director of the company's India division.

Swedish software company Truecaller announced on Wednesday the appointment of Rishit Jhunjhunwala as its new chief executive officer, effective January 9, 2025, as per reports.

Jhunjhunwala, who has been with Truecaller since 2015 and currently serves as the chief of products and managing director of the company's India division will succeed incumbent CEO Alan Mamedi, who will step down from his role.

Co-founders Mamedi and Nami Zarringhalam revealed in a letter to stakeholders that they have chosen to relinquish their operational duties at Truecaller by June 30, 2025. However, both will continue to play an integral role in shaping the company's future as board members and advisors.

In addition to the leadership changes, Truecaller reported robust financial performance, with quarterly net sales increasing by 15% year-over-year to reach 457 million Swedish crowns (approximately $42.21 million).

Read more:

First Published on Nov 7, 2024 12:23 PM

More from Storyboard18

Brand Makers

Rest, Recharge, Reinvent: Kia India’s Shakti Upadhyay on the power of pause

Rest, Recharge, Reinvent: Kia India’s Shakti Upadhyay on the power of pause

Brand Makers

Jayesh Ranjan to attend Storyboard18's Digital Entertainment Summit 2025

Jayesh Ranjan to attend Storyboard18's Digital Entertainment Summit 2025

Brand Makers

Bookstrapping: Consumed by Saabira Chaudhuri

Bookstrapping: Consumed by Saabira Chaudhuri

Brand Makers

Sun Pharma appoints Kirti Ganorkar as the Managing Director

Sun Pharma appoints Kirti Ganorkar as the Managing Director

Brand Makers

PM Modi visits Air India crash site in Ahmedabad

PM Modi visits Air India crash site in Ahmedabad

Brand Makers

RBI extends Yes Bank's MD & CEO Prashant Kumar's tenure by six months

RBI extends Yes Bank's MD & CEO Prashant Kumar's tenure by six months

Brand Makers

AstraZeneca India names Praveen Rao Akkinepally as MD

AstraZeneca India names Praveen Rao Akkinepally as MD

Brand Makers

Shalimar Paints' Varun Malik joins Timex Group as General Manager - Marketing

Shalimar Paints' Varun Malik joins Timex Group as General Manager - Marketing