Mumbai: Bangalore-based social media company ShareChat's Ajit Varghese has stepped down as the chief commercial officer of the company. Varghese announced his resignation via a LinkedIn post.

While speaking to Indiantelevision.com, the company spokesperson said, "We can confirm that Ajit Varghese has decided to step down from his role as CCO at ShareChat after a very successful run of 2.5 years. Ajit has been instrumental in helping us build our revenue function since his arrival in 2020 and has successfully established ShareChat and Moj as credible advertising channels among marketers across industry verticals. He has also assembled and groomed a solid team that is well-placed to take us to the next level. We are grateful for all his efforts and accomplishments in the last two years, which were highly critical to our growth. We wish Varghese all the best in his future endeavours."

Varghese began working for ShareChat in December 2020. He was previously the global president of Wavemaker, a WPP-group global media network and one of the top five media networks in the world, with clients including Vodafone, L'Oreal, Huawei, IKEA, Paramount Pictures, Chanel, Xerox, Netflix, Chevron, Beiersdorf, and Tiffany. According to media reports, he will leave the company in January 2023.

He was instrumental in expanding and strengthening ShareChat’s revenue efforts and developing a solid monetisation strategy. He also oversaw its marketing functions, which were geared toward brand elevation and business centricity.