Vijay Shekhar Sharma's Rs 4 crore pay found 'materially below' peer median; Board recommends revision
Under the proposed structure, Sharma's remuneration will also include a variable component which will be performance-linked set by the NRC on achievement against predefined financial performance targets.
Paytm's founder and CEO, Vijay Shekhar Sharma, received a remuneration of Rs 4.33 crore in the fiscal year 2025-26, which was found to be significantly lower than the median compensation of his industry peers in an independent benchmarking exercise. The One 97 Communications board, comprising the Nomination and Remuneration Committee (NRC) and the main board, has recommended a revision to Sharma's pay.
Sharma, who has not taken a base compensation increase in the last four years, voluntarily declined his 2.10 crore ESOPs in 2025. The proposed remuneration will include a variable component, performance-linked, set by the NRC based on predefined financial targets, with the metric being the percentage achievement of target PAT growth for FY27.
The proposal also includes a revamped remuneration structure for non-executive and independent directors and changes to the ESOP framework, tying future vesting more closely to performance. This move comes after Paytm achieved its first full year of profitability in FY26 with a profit after tax (PAT) of Rs 552 crore, and is expected to sustain this growth in FY27.
The revised framework, subject to shareholder approval, will apply from April 1, 2026, to December 18, 2027, covering the remainder of Sharma's tenure as Managing Director and CEO.
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