PayTm Re-Appoints Founder Vijay Shekhar Sharma as MD and CEO; Details Here

Digital payment firm Paytm announced on Saturday that the company has reappointed founder Vijay Shekhar Sharma as Managing Director and CEO until May 2027, thus extending that period by five years. In a filing with BSE on Saturday, May 21, One97 Communications, PayTm’s parent company, announced that the company’s board of directors at a meeting a day later had approved Sharma’s reappointment.

“We wish to inform you that based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of the shareholders, the Board of Directors of the Company (the “Board”), at its meeting held on May 20, 2022, has considered and approved the reappointment of Mr. Vijay Shekhar Sharma (DIN: 00466521) to the position.” The company’s managing director and CEO “for a 5-year term from December 19, 2022 to December 18, 2027,” PayTm said in the regulatory filing.

PayTm said in the filing that additional Director Madhur Deora has also been appointed as the full-time director, adding that he has retained his position as the company’s chief financial officer. She said that the Board of Directors had approved the appointment of Mr. Madhur Deora (DIN: 07720350), the Company’s Chief Financial Officer as an additional member on May 20, 2022. Moreover, the Board of Directors also approved the appointment of Mr. Madhur Deora as a full-time director who was appointed as a “full-time director and chief financial officer.” for the Company” for a period of 5 years from May 20, 2022 to May 19, 2027.”

Vijay Shekhar Sharma is an Indian technology entrepreneur who has been instrumental in revolutionizing digital and financial payments.
India’s services scene as Chairman, Managing Director and CEO of One97 Communications and consumer brand Paytm. Under his guidance, Paytm is on a mission to bring half a billion Indians into the mainstream economy,” PayTm said.

Sharma has appeared in the “2017 Time 100”, a list of “100 most influential people in the world” by Time magazine. Vijay has also received several awards in the industry such as ‘Entrepreneur of the Year’ in 2018 by All India Management Association, ‘Entrepreneur of the Year’ at ET Awards for Corporate Excellence’ in 2016 and ‘GQ Man of the Year’ in 2016.

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