, the Swedish caller identification app supplier, has named Rishit Jhunjhunwala as its group chief government officer (CEO), efficient from January 9, 2025.
This transfer comes as present CEO Alan Mamedi and Chief Technique Officer Nami Zarringhalam determine to step down from their operational roles to give attention to their board tasks and act as strategic advisors to Truecaller.
“We’ve a improbable administration staff in whom we now have immense belief, and we now have a long-term technique that everybody helps, and which has began to yield optimistic outcomes. With these two items in place, we’re satisfied that the corporate is properly positioned for future success to allow us to focus extra on long-term technique,” the duo, who co-founded the corporate in 2009, mentioned in an announcement.
Mamedi and Zarringhalam will proceed to be employed by the Swedish firm as advisors till June 30 2025.
“Nami and I’ll stay dedicated to supporting Rishit and your complete management staff as board members and strategic advisors, and we’re excited to observe the corporate proceed to thrive below Rishit’s management,” the Co-founders of Truecaller, mentioned in a private letter following the announcement.
Jhunjhunwala has been with Truecaller since 2015, initially serving as head of product. In June 2020, he was promoted to chief product officer, and in Might 2021, he assumed the function of managing director for India.
“His deep product data and management expertise have been crucial to our success, and we now have at all times regarded him as a co-founder of Truecaller. Over the previous two years, I’ve had the privilege of personally mentoring Rishit to tackle a bigger function inside the firm, and Nami and I are assured that he’s prepared to steer the corporate on a worldwide scale,” the letter added.
Jhunjhunwala, born and raised in India however a Swedish citizen, labored and lived in Sweden from 2015 to 2022.
“Along with the remainder of the administration staff, I look ahead to taking Truecaller to even larger heights. Having labored intently with Alan and Nami since 2015, I do know these are huge footwear to fill, however I’m assured to proceed tirelessly working in the direction of getting us nearer to our mission to make future communication extra secure and safe,” Jhunjhunwala, remarked.
The Swedish caller identification app, with India as its largest market globally, has over 500 million month-to-month energetic customers.
For the Sweden-based firm, India stays the most important market with the area accounting for 75.8% of the whole internet gross sales for the monetary yr 2022-23, owing to its three income streams—Truecaller for Enterprise, premium subscriptions, and advertisements.