Vijay Shekhar Sharma News

- Operating revenue grew by 28 percent YoY to Rs 1,918 crore, due to increase in number of subscription merchants, higher GMV and growth in revenues from distribution of financial services - Contribution profit up 52 percent YoY to Rs 1,151 crore, with a margin of 60 percent (up 10 percentage points YoY)

The controversy began when Vijay Shekhar Sharma posted a message yesterday on X, mourning the passing of Ratan Tata. 

Paytm CEO Vijay Shekhar Sharma informed shareholders that the company anticipates a short-term financial impact on revenue and profitability due to the disruptions experienced in Q4.

Earlier this week, Vijay Shekhar Sharma stepped down as part-time non-executive Chairman of PPBL and the board of the bank was reconstituted.

Vijay Shekhar Sharma owns a 51% stake in Paytm Payments Bank. The rest stake is owned by Paytm. RBI has asked Paytm Payments Bank to halt operations by March 15, 2024.

Vijay Shekhar Sharma has stepped down as Part-Time non-executive Chairman and Board member of Paytm Payments Bank Limited (PPBL).

Sharma owns a 51% stake in Paytm Payments Bank, while One 97 Communications, as Paytm is formally known, owns the rest.

The RBI had on January 31 issued directive to Paytm Payments Bank (PPBL) ordering the lender to cease taking deposits or top-ups in any user accounts, wallets, FASTTags, and other instruments after February 29. 

Vijay Shekhar Sharma's journey with Paytm stands as a testament to the power of vision, perseverance, and innovation in reshaping industries and impacting millions of lives.

The fund will target Artificial Intelligence and Electric Vehicles related startups, that are incubated in India, and are specially focused to serve Indian consumers and businesses.

Paytm made significant strides in the domain of loan distribution, with a notable 122% year-on-year growth, reaching Rs 16,211 crore. The company reported that their lending partners distributed loans through their platform to 1.18 crore unique Paytm consumers and merchants.

With this, the company will empower merchants to accept both mobile and card payments across all Visa, Mastercard, American Express and RuPay networks through its iconic Soundbox with ‘tap and pay’ that will help merchants scale their business. 

Vijay Shekhar Sharma's Inspirational Journey from Humble Beginnings to Fintech Giant From Aligarh to Billionaire: Vijay Shekhar Sharma's Roots Overcoming Language Barriers: Vijay Shekhar Sharma's Academic Journey Entrepreneurial Aspirations Awakened From Dot-Com to Digital Domination The Birth of Paytm One97 Communications E-Wallet Revolution in India

The stock of Paytm's parent firm zoomed 11.57 per cent to Rs 887.55 on the BSE.

Mumbai residents talked about the well-known restaurant and indicated their preferred foods.

Let us today explore the life story of Paytm founder Vijay Shekhar Sharma, whose Paytm was the catalyst for India's digital transformation.

Appreciating the Delhi-Mumbai Expressway or India's longest expressway, PayTM CEO Vijay Shekhar Sharma said that the e-way is better than anywhere in the world.

Under the `Digital Payments Utsav`, Paytm is organising a special drive wherein a branded vehicle will cover various localities across Delhi that have a heavy public presence.

Vijay Shekhar Sharma shares a video of a girl talking about mutual fund. He is the founder and chairman of PayTm. The video has gone viral garnered over 7k views, 124 likes and 17 retweets.

PayTm founder Vijay Shekhar Sharma irked over unavailability of 5G on Google Pixel 6a. Sharma shared the screenshot saying 5G wasn't available in Delhi. Airtel 5G service is live now in 8 cities across the country.