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Paytm board proposes revising CEO Vijay Shekhar Sharma's remuneration

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Paytm logo
Date
Company
Paytm
What it does
Digital payments and financial services
Kind
People
Amount
Rs 4.33 crore
Based in
Noida
Founded
2010
Sector
Financial Services

What they do

Paytm provides digital payment solutions including UPI, QR codes, Soundbox, and financial services like insurance, credit cards, and stock trading via Paytm…

What happened

The board proposed a new pay structure for CEO Vijay Shekhar Sharma, introducing a variable component tied to profit growth targets for FY27

Why it matters

Sharma's current compensation remains at the lower end of industry peers, and he has not received a base pay increase in four years

The details

  • The Paytm board has proposed a revision to the remuneration of CEO Vijay Shekhar Sharma to align it with industry peers.
  • The proposed structure introduces a variable component linked to predefined financial targets, specifically focusing on profit after tax growth for FY27.
  • Sharma's total remuneration for FY26 was Rs 4.33 crore, which is a slight decrease from the Rs 4.5 crore recorded in FY25.
  • The CEO has not received an increase in his base pay since August 2022, despite the company achieving its first full year of profitability.
  • Shareholders are required to vote on this proposed pay revision at the upcoming 26th annual general meeting.
  • Sharma is currently prohibited from receiving employee stock options (ESOPs) until May 2028 due to a regulatory settlement with SEBI.

The bigger picture

  • Sharma's current pay is considered low compared to other industry leaders like Falguni Nayar of Nykaa and Vidit Aatrey of Meesho.
  • The company reported a strong financial performance in the June 2026 quarter, achieving a net profit of Rs 220 crore.
  • The board previously recommended a variable pay structure in July 2025, but Sharma voluntarily requested that his compensation remain unchanged at that time.

About the business

  • Paytm offers a wide range of consumer services including UPI payments, mobile recharges, bill payments, and flight bookings.
  • The company provides business solutions such as Paytm QR, Soundbox, and card machines to facilitate UPI and EMI payments.
  • Its subsidiary, Paytm Money, offers a Margin Trading Facility with up to 4X buying power on over 1,200 stocks.
  • The platform also operates an insurance marketplace and provides services for FASTag, DTH, and metro recharges.
  • Paytm maintains a 24x7 customer support system to assist its large user base across India.

What happens next

  • Shareholders will vote on the proposed remuneration structure at the 26th annual general meeting.

The deal

Type
remuneration revision

Founders

  • Vijay Shekhar Sharma, Managing Director and CEO

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