People · Financial Services

Paytm founder Vijay Shekhar Sharma steps down as chairman

By Startup Enthusiast · 5 February 2026

What they do

Paytm is a digital payments and financial services platform in India

Vijay Shekhar Sharma has stepped down as chairman of One97 Communications, the parent company

The move comes amid regulatory scrutiny and a restructuring of the company's board

Paytm founder Vijay Shekhar Sharma has stepped down as chairman of One97 Communications.
He will continue as the managing director and CEO of the company.
The board has appointed a new independent chairman to lead the board.
This change is part of a broader governance overhaul at the company.
The move follows ongoing regulatory challenges faced by Paytm's payments bank.
The company is working to comply with directives from the Reserve Bank of India.

Paytm's payments bank was ordered by the RBI to stop accepting new deposits from March 2024.
The company has been under regulatory scrutiny for compliance issues.
The leadership change aims to strengthen corporate governance and restore investor confidence.

Paytm operates a digital payments platform for consumers and merchants.
It offers services like mobile recharges, bill payments, and money transfers.
The company also provides financial services including loans, insurance, and wealth management.
Paytm earns revenue through transaction fees, merchant commissions, and financial product distribution.
It has over 300 million registered users and 20 million merchants on its platform.
The company is headquartered in Noida, India.

The company will focus on regulatory compliance and strengthening its governance framework.
Paytm aims to restore trust among users, merchants, and regulators.
It plans to expand its financial services offerings in a compliant manner.