Vijay Shekhar Sharma reappointed as Paytm’s MD and CEO

Shareholders of One97 Communications, which operates under the Paytm brand, have approved the re-appointment of Vijay Shekhar Sharma as managing director and chief executive officer of the company, according to the scrutiniser report filed by the firm on Sunday.

Investors advisory firm IiAS had recommended against the reappointment of Sharma and several other resolutions that were part of the agenda of the 22nd Annual General Meeting held on Friday.

IiAS had said Sharma made several commitments in the past to make the company profitable, however, these have not played out.