He added that over the last year and a half, Parameswaran has been instrumental in the firm's growth, cementing the region as a critical contributor to our global vision.
"His leadership around safety initiatives and our driver community engagement has resulted in many firsts for Uber in India, and globally, including launching India's first ride-sharing insurance programme," Jain noted.
Parameswaran had joined Uber in January last year and was leading operations for Uber in India and South Asia.
He has been associated with companies like Hindustan Lever, McKinsey & Co, and Den Networks.
Parameswaran said, "India is a critical global market that faces tough and exciting mobility challenges...I am privileged to have the chance to shape a better future for our next generation - one with lesser pollution, lower congestion, more space for parks and lesser for parking".
South Asia, including India, is an important market for Uber. The company, which competes with homegrown firm Ola in India, has stated that it will continue to invest in the country as it looks to grow business in the incredibly important and core market by up to 10 times in a decade.