Paytm founder Vijay Shekhar Sharma to take home Rs 3 crore in remuneration

Paytm founder Vijay Shekhar Sharma will take home a remuneration of Rs 3 crore this fiscal, as per regulatory filings.

The proposal pertaining to Sharma’s remuneration was approved by members of One97 Communications Ltd at their Annual General Meeting on September 30, 2019, filings with the Corporate Affairs Ministry showed.

“…consent…is hereby accorded to approve the remuneration to be paid to Mr Vijay Shekhar Sharma, Managing Director of the Company for the financial year 2019-20, as recommended by the Board and Nomination and Remuneration Committee at their meetings held on September 4, 2019…,” it added.

Apart from the Rs 3 crore remuneration, Sharma will also be entitled to perquisites that include heads like vehicles, fuel expenses, accomodation, travel expenses, amongst others.