Truecaller’s co-founders, Alan Mamedi and Nami Zarringhalam, announced on November 6 that they will step down from their active roles. Truecaller has appointed Rishit Jhunjhunwala as the new Group CEO.
Mamedi, the CEO, and Zarringhalam, the Chief Strategy Officer, will continue as strategic advisors to the company until June 30, 2025.
Jhunjhunwala, previously the Chief Product Officer and Managing Director of Truecaller India, will officially step into his new role on January 9.
He has been with the company since 2015, leading product teams and overseeing key revenue sources such as advertising and Truecaller for Business.
“Having worked closely with Alan (Mamedi) and Nami (Zarringhalam) since 2015, I know these are big shoes to fill, but I am confident to continue tirelessly working towards getting us closer to our mission to make future communication more safe and secure,” said Jhunjhunwala.
In a personal letter, Mamedi and Zarringhalam shared that stepping back will allow them to focus on Truecaller’s long-term strategy as board members and advisors. This transition also empowers the leadership team to continue driving the company’s growth.
“While we will continue to provide advice and support, we believe it is essential to have a leader at the helm who embodies our company’s core values and is prepared to lead us into the future,” they said in a joint statement.
Looking forward, Mamedi aims to double Truecaller’s user base in India to 400-500 million by 2026, fueled by the country’s rapid smartphone adoption. In October 2023, Truecaller expanded its capabilities by acquiring Unoideo Technologies, which offers the fraud detection service, TrustCheckr.
