Paytm founder Vijay Shekhar Sharma to take home Rs 3 cr in remuneration in current fiscal

  • The proposal pertaining to Sharma's remuneration was approved by members of One97 Communications Ltd at their Annual General Meeting on 30 September, 2019, filings with the Corporate Affairs Ministry showed

  • Apart from the Rs 3 crore remuneration, Sharma will also be entitled to perquisites that include heads like vehicles, fuel expenses, accomodation, travel expenses, amongst others

  • The remuneration for Sharma stood at a similar level in the last fiscal

New Delhi: Paytm founder Vijay Shekhar Sharma will take home a remuneration of Rs 3 crore this fiscal, as per regulatory filings.

The proposal pertaining to Sharma's remuneration was approved by members of One97 Communications Ltd at their Annual General Meeting on 30 September, 2019, filings with the Corporate Affairs Ministry showed.

 Paytm founder Vijay Shekhar Sharma to take home Rs 3 cr in remuneration in current fiscal

File photo of Vijay Shekhar Sharma, Founder, Paytm. Image courtesy - Company

"...consent...is hereby accorded to approve the remuneration to be paid to Mr Vijay Shekhar Sharma, Managing Director of the Company for the financial year 2019-20, as recommended by the Board and Nomination and Remuneration Committee at their meetings held on 4 September, 2019...," it added.

Apart from the Rs 3 crore remuneration, Sharma will also be entitled to perquisites that include heads like vehicles, fuel expenses, accomodation, travel expenses, amongst others.

However, the filing did not say if the compensation for e-commerce and payments bank is included.

The remuneration for Sharma stood at a similar level in the last fiscal.

The company did not respond to queries.

The members also passed - via a special resolution - a proposal to expand the existing ESOP (employees stock option plan) pool to 21.66 lakh equity options of Rs 10 each from 19.23 lakh.

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Updated Date: Oct 22, 2019 12:20:28 IST