Subscribe for notification
Categories: Latest

“Paytm Was Like Daughter To Me Who Met With An Accident”: Founder Vijay Sharma

Paytm Founder and CEO Vijay Shekhar Sharma has said the company was like his daughter who was a school topper and met with an accident on the way to an entrance test.

Metaphorically speaking at the 7th JITO Incubation and Innovation Fund (JIIF) Foundation Day, Mr Sharma said, “As a founder, my company is like my daughter…as a company, we were getting mature…it is just as if a daughter who is a school topper has met with an accident on way to an entrance test…that is the kind of feeling which is little personal, emotional feeling”.

At the event, he also spoke about his learnings from the Reserve Bank of India (RBI) action on Paytm Payments Bank.

The CEO acknowledged that the setback was emotionally challenging on a personal level, but it served as a valuable lesson in fulfilling responsibilities professionally.

In addition, Mr Sharma talked about his dreams and ambitions, and his highs and lows.

He said that his personal ambition is to build a $100 billion company, adding that he wants Paytm to be recognised globally as an Indian firm.

Furthermore, he said that listing a company brings “a lot more responsibility and maturity,” which has its own value and joy.

Meanwhile, Paytm has witnessed early signs of recovery and strong stabilisation for its Unified Payments Interface (UPI) business, marking a strong turnaround for the company.

The total value of UPI transactions processed on the Paytm platform grew to Rs 1.24 trillion in May, on the back of the company launching several initiatives for users such as Credit Card on UPI, as well as pushing the lever on UPI Lite.

Recent Posts

I Tried OpenAI’s Sora Video Generator…It’s Mostly Unusable

If you haven't tried Sora yet (or are in a region where it's not currently…

1 hour ago

Centre Scraps ‘No-Detention’ Policy For Classes 5 And 8 Students Failing Year-End Exams

The Centre has scrapped the 'no-detention policy' for classes 5 and 8 in schools governed…

1 hour ago

Send Sheikh Hasina Back To Dhaka, Bangladesh Writes To India

The interim government in Bangladesh has sent a diplomatic note and urged India to send…

1 hour ago

Software Engineer Loses Rs 11.8 Crore To “Digital Arrest” Scam In Bengaluru

A 39-year-old software engineer became a victim to a "digital arrest" scam and lost Rs…

1 hour ago

“Intention To Dupe UPSC”: Ex-IAS Trainee Puja Khedkar Denied Pre-Arrest Bail

The Delhi High Court has denied anticipatory bail to former IAS trainee officer Puja Khedkar,…

2 hours ago

Trinamool Leader Fails To Comply With Defamation Ruling, Minister’s Wife Moves Court

Former United Nations Assistant Secretary-General Lakshmi Puri moved the Delhi High Court against Trinamool Congress…

3 hours ago