Axis Bank Appoints Sangram Singh as Freecharge CEO

Axis Bank Ltd has recently completed the acquisition of mobile wallet firm Freecharge and appointed Sangram Singh as its CEO.  He has replaced Jason Kothari. Freecharge presently has a revenue of about Rs80 crore. Snapdeal had bought Freecharge in April 2015 for an estimated $400 million or over Rs2,500 crore at current rates.