Vijay Shekhar Sharma’s Rs 4 Cr pay found ‘materially below’ peer median; Board recommends revision

New Delhi [India], August 21 (ANI): After an independent benchmarking exercise found that the remuneration of Paytm founder and chief executive officer (CEO) Vijay Shekhar Sharma was materially below the benchmarks for comparable companies, the board of parent One 97 Communications has proposed a revision to his pay, according to the company’s 26th Annual General Meeting (AGM) notice.

The company’s Nomination and Remuneration Committee (NRC), along with its board, had recommended the addition of a variable pay component to Sharma’s salary back in July 2025, even as he “voluntarily requested to keep his remuneration unchanged.”