Vijay Shekhar Sharma reappointed as MD and CEO of Paytym for next 5 years

One 97 Communication (OCL), the parent company of digital payments app Paytm, has reappointed Vijay Shekhar Sharma as managing director (MD) and chief executive officer (CEO). Approximately 99.67% of shareholders voted in favour of Sharma’s reappointment.

Sharma will remain as the company’s MD and CEO for another five years, according to a statement from Paytm. Sharma’s reappointment was approved by OCL’s board of directors in May 2022. On Friday, OCL held its 22nd annual general meeting (AGM), its first as a publicly traded company. The meeting took centre stage after three domestic proxy firms objected to Sharma’s reappointment as MD & CEO of the company.