Rishit Jhunjhunwala named new CEO as Truecaller leadership steps down

Software company Truecaller has named Rishit Jhunjhunwala as its new chief executive officer (CEO). Jhunjhunwala is the current chief of products at the Swedish company and has been working with Truecaller since 2015. He is also the managing director of the company's India division and will take over his new role on January 9.

Co-founders Alan Mamedi and Nami Zarringhalam announced in a letter that they have decided to give up their operational duties at Truecaller from June 30, 2025.

The letter further said Mamedi and Zarringhalam will now focus on Truecallers's long-term strategy as board members and advisors, allowing the leadership team to take full ownership and drive the company's continued growth.

In the past decade, Jhunjhunwala has held multiple key positions in the company. Initially, he was appointed as the head of product in 2015. He was promoted to chief product officer in 2020, and then given the position of managing director of the India branch in 2021.

This comes on the same day as the Income Tax Department conducted multiple raids at the Indian offices of Truecaller on charges of tax evasion. The Stockholm-headquartered caller-id platform company said it was cooperating with the investigators.

Following the searches, Truecaller issued a public statement saying that it is awaiting official confirmation and communication from the tax department regarding the investigation.