HomeLatest NewsVijay Shekhar Sharma Reappointed As MD And CEO Of Paytm

Vijay Shekhar Sharma Reappointed As MD And CEO Of Paytm

As per Inc42 reports, 99.67 per cent of votes were in favour of Sharma’s re-appointment while 0.33 per cent voted against the resolution.

One97 Communications, which operates under Paytm, has reported the approval of Vijay Shekhar Sharma’s re-appointment as managing director and chief executive officer of the company for another five years. According to the scrutinizer report. 99.67 per cent of voters supported Sharma’s re-appointment, while 0.33 per cent opposed the measure, according to the survey.

The shareholders also approved Sharma and Madhur Deora’s compensation, but the level of support was not comparable to the re-appointment. Almost 94.48 per cent of shareholders voted in favour of Sharma’s compensation, while 5.52 per cent opposed it.
Taking institutional investors into account, 75.6 per cent opposed the Paytm boss’s salary plan out of all votes, while only 24.4 per cent agreed to it.

Paytm Payments Services appoints Nakul Jain as CEO

Sharma’s compensation is higher than any of the CEOs of S&P, BSE, and Sensex companies, according to the institutional investor advisory services, and the bulk of these companies are profitable.

Flipkart Pay Later

“Sharma’s compensation is set for the next three years without any annual increment, unlike the policy or practice applicable to all other employees of the company,” said Paytm in a statement.

“We are grateful to all of our stakeholders for their unwavering support and confidence in our leadership. “We remain committed to building a strong, profitable corporation and delivering long-term shareholder value while promoting financial inclusion in the region,” the statement said.

Top 20 Indian Fintech Founders 2022

During the annual general meeting on Friday, Sharma, reportedly, told that the parent company One97 Communication does not influence the stock price, but that the company’s leadership is working to make it profitable.


On August 21, Paytm tweeted, “Thank you to our shareholders for a heartening response to our first AGM as a listed company. With overwhelming support, our MD & CEO Vijay Shekhar Sharma will continue to lead and guide us…

Read Also: How Much Do India’s Top Edtech Founders Get Salary?

Vishvajeet Kumar Gupta
Vishvajeet Kumar Guptahttps://marketmoney.in/
Vishvajeet Kumar is the Author & Co-Founder of the Marketmoney.in. He has also Appearing his graduation in Cadet Officer from Chennai . He is passionate about Blogging & Little-Bit in Banking.

Must Read