"We're approaching half a billion users, and I am convinced we can reach one billion users within a few years," said Mamedi in his final quarterly statement as chief executive.
"Having worked closely with Alan and Nami since 2015, I know these are big shoes to fill," said Jhunjhunwala, who joined in 2015 and holds Swedish citizenship despite his Indian roots.
Both founders will remain as strategic advisors and board members, marking the end of an era for one of Sweden's most successful consumer technology companies.
Truecaller dominates caller identification in emerging markets but also faces fresh challenges in developed economies, particularly on Apple's iPhone platform.
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