Truecaller Names Rishit Jhunjhunwala as CEO, Effective Jan 9, 2025

Truecaller, the Swedish software company known for its caller identification and spam-blocking app, has announced that Rishit Jhunjhunwala will step into the role of CEO on January 9, 2025, according to media reports. Jhunjhunwala, a long-time Truecaller leader who currently serves as Chief of Products and heads the company's India operations, will succeed current CEO Alan Mamedi.

In a message to stakeholders, Truecaller co-founders Mamedi and Nami Zarringhalam announced that they would be stepping back from daily operations by June 30, 2025. Although they’ll no longer be involved in day-to-day management, both founders will stay engaged with Truecaller as board members and advisors, ensuring continuity in the company’s strategic direction.

The announcement aligns with a period of strong growth for Truecaller, which reported a notable 15% increase in quarterly net sales year-over-year, reaching 457 million Swedish crowns (around $42.21 million).

Also Read: Truecaller Appoints Seema Jindal as Head of Public Affairs, Telecom