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Indian crypto exchange CoinDCX has elevated Mridul Gupta as its Founding Partner. He joined the company as chief operating officer in 2021.

In his new role, Gupta will be responsible for meeting the company’s growth goals, focusing on international expansion, building high-performance teams, and driving profitability, CoinDCX said.

He will continue to be responsible for the Indian market, strengthening CoinDCX’s product portfolio, marketing, partnerships, and operations to accelerate the firm’s strategic growth in India.

Gupta’s elevation comes shortly after the company revealed its international expansion plan in the Middle East and North Africa region with the acquisition of BitOasis, a virtual assets trading platform.

The exchange estimates that BitOasis could contribute up to $50 million in annual revenue post-acquisition.

“Mridul [Gupta] has played a crucial role in scaling CoinDCX in India and has been instrumental in the BitOasis acquisition. As we scale up, shoring up revenues and launching new geographies will be key,” Sumit Gupta, Co-founder of CoinDCX, said, adding that his experience in launching operations across new geographies and turning them profitable will help CoinDCX.

Before CoinDCX, Gupta was the chief strategy officer at Pine Labs. He has also worked at Stellaris Venture Partners, Goldman Sachs, and his own startup, and consulted multiple banks across India and South East Asia.

“I am very excited for what lies ahead as we continue to innovate simple investment & trading platforms for retail users, build tailored solutions for institutions and create tools to explore Web3 for crypto enthusiasts,” Gupta noted.