‘We Trust Paytm’: Here’s How Shareholders Applauded, Showed Confidence in our Leadership and Their Vision

byPreeti VermaSeptember 12, 2024

We are truly humbled and deeply grateful for the trust and faith our shareholders have placed in us. At our 24th Annual General Meeting (AGM), the unwavering support from our shareholders reaffirmed our mission to bring half a billion Indians into the mainstream economy through technology. Their recognition of Paytm’s pioneering role in India’s digital revolution, along with their confidence in our vision, products, and business strategy, was truly inspiring.

Watch our Founder & CEO’s message to shareholders here

A shareholder Abhijeet Panda expressed his strong belief in Paytm’s business model, calling it a “household name in India.” He praised our founder and CEO Vijay Shekhar Sharma’s visionary leadership in establishing the company and voiced his trust in our team to achieve profitability soon. Panda also applauded Paytm’s voluntary CSR initiatives, highlighting that despite not being mandated, the company consistently contributes to meaningful causes. He noted how Paytm has revolutionised mobile payments, extending its reach to kirana stores and restaurants nationwide, perfectly aligning with the Prime Minister’s Digital India vision and accelerating our loan disbursal efforts.

Watch our 24th AGM here

Another shareholder, Yash Pal Chopra, commended our expansive presence across India and expressed optimism that Paytm would soon surpass its IPO pricing, demonstrating strong confidence in our leadership.

Santosh Kumar Saraf echoed these sentiments, praising our governance and leadership while emphasising how Paytm has transformed small vendors’ ability to conduct business. “Paytm is our lifeline, hume bharosa hai aap pe (we have full trust in you),” he said, adding that life without Paytm has become unimaginable for many. 

Celestine Mascarenhas shared a similar sense of optimism, envisioning a bright future for Paytm: “Paytm will grow stronger each day. We’ll celebrate a remarkable 25th Silver Jubilee, and Paytm will not only be a national brand but a global one.” She even envisioned a future where “every car will be fitted with a Paytm code.”

Ajay Kumar Jain lauded Paytm’s role in transforming India into a digital economy, referencing the Prime Minister’s global recognition of UPI, further cementing Paytm’s impact in this space.

The enthusiasm and trust from our shareholders at the AGM were truly inspiring. Our Founder, CEO, and MD, Vijay Shekhar Sharma, expressed heartfelt gratitude to the Paytm family for their continued support. “We are thankful for your connect with us, your acknowledgment of our company’s vision and commitment, it is very humbling. Thank you for attending our AGM,” he said.

He reaffirmed his commitment to building a company that would make India proud on a global stage: “We will continue building for the country, and Paytm will be the pride of India.”

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