Stockholm-based Truecaller, known for its apps that help you verify and identify contacts, announced the appointment of Rishit Jhunjhunwala as its group CEO, effective January 9, 2025. Jhunjhunwala is the current Chief Product Officer and Managing Director of India operations.
The posting comes after CEO Alan Mamedi and Chief Strategy Officer Nami Zarringhalam announced their decision to step down from their operational roles. The Stockholm exchange-listed company also rescheduled the publication of its interim report following the changes.
“I am very excited as well as honoured that the board along with Alan and Nami have appointed me as the CEO... Having worked closely with Alan and Nami since 2015, I know these are big shoes to fill, but I amconfident to continue tirelessly working towards getting us closer to our mission to make future communication more safe and secure,” said Jhunjhunwala, the incoming CEO of Truecaller.
India-born Swedish national
Rishit Jhunjhulwala was born and raised in India. He moved to Sweden, joining Trucaller in 2015 and stayed till 2022. In between, he took on the role of the MD of Truecaller India and has held it since 2021. He is now a Swedish citizen.
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Jhunjhulwala currently looks after two of Truecaller’s major revenue-making arms, advertising and “Truecaller for Business”.
Before joining Truecaller, Jhunjhulwala helped in founding Cloudmagic Inc, the Bengaluru and Florida-based company that operates Newton Mail. He also served as the Vice President of Strategic Programs at then-July Systems, which later got injected into the cloud platform, Cisco Spaces, after its acquisition in 2018. Back in 2000, the incoming Truecaller CEO also co-founded Verity Technologies, a valued-added-service startup in the Indian telecommunications space.