Paytm: A digital payment company announced on Saturday that its founder Vijay Shekhar Sharma had been reappointed as managing director and chief executive officer till May 2027, extending his stay by five years.
One97 Communications, PayTm’s parent company, reported in a filing with the BSE on Saturday, May 21, that the business’s board of directors had accepted Sharma’s reappointment during a meeting the day before.
“We wish to inform you that based on the recommendations of the Nomination and Remuneration Committee and subject to the approval of shareholders, the Board of Directors of the Company (“Board”), at their meeting held on May 20, 2022, have considered and approved re-appointment of Vijay Shekhar Sharma as “Managing Director & Chief Executive Officer” of the Company for a tenure of 5 years effective from December 19, 2022, to December 18, 2027,” One97 Communications said in a regulatory filing to the stock exchanges.
“Vijay Shekhar Sharma is an Indian technology entrepreneur who has played an instrumental role in revolutionizing the digital payments and financial services landscape in India as the Chairman, Managing Director and CEO of One97 Communications and its consumer brand Paytm. Under his guidance, Paytm is on a mission to bring half a billion Indians into the mainstream economy.”