At Paytm’s recently concluded leadership summit offsite – Conquer – our senior leadership teams came together to brainstorm, showcase, and outline the roadmap – Annual Operating Plan (AOP) – towards achieving assertive business and growth goals for FY 2023. Over two days in Gurgaon, more than 100 Paytmers gathered and reflected on the year that had gone by (2021-2022). And we weighed in on what a massive opportunity lies ahead of us, thanks to digital payments growing rapidly in India, on how we can focus on growth and profitability, and inclusive access to financial services for all.
Apart from our key achievements in Q3, the summit was also a celebration and acknowledgement of Paytm’s phenomenal Q4 execution and acceleration of monthly transacting users to over 70 million, adoption of 2.9 million devices by its merchants and disbursement of over 6.5 million loans per quarter through its platform.
Our business momentum, scale of monetization and operating leverage has led us to believe that we should be operating EBITDA breakeven in the next 6 quarters (i.e. EBITDA before ESOP cost, and by the quarter ending September 2023) well ahead of estimates by most analysts. And that too without compromising on our growth plans.
Business heads and senior leaders presented their ambitious AOPS for the new financial year, which made us confident of achieving EBITDA profitability within the 6 quarters. They chalked out the opportunity that lies ahead of us in Payments, Lending and Advertising. And the fact that Paytm has witnessed a massive scale up of its financial services, including market acceptance and good traction for the Lending and Paytm all-in-one devices business.
But it wasn’t all work, and no play. There were ice breakers, high energy team bonding sessions, live bands, stand-up comedy, and a grand after party.
The teams learnt from each other, lauded each other’s achievements and were excited to take on the challenges of the upcoming year together.
Team Paytm is all set to #Conquer FY2023. Here are some highlights from our leadership offsite.
Paytmers received a warm and musical welcome as they entered the leadership summit venue.
The summit started with a welcome note by Founder CEO – Vijay Shekhar Sharma with an ambitious roadmap for FY23.
Post lunch, sessions included Paytm business heads sharing their growth, learnings and success stories at a fireside chat.
At Paytm, we work hard but we know how to party hard too! Here’s a lively Energiser session by our talented fellow Paytmers.
Day one wrapped up with fun team bonding sessions, high tea and a gala night of dancing, including live music, and stand-up comedy.
Day 2 saw presentations on our key business and growth results and plans for the next fiscal by business heads.
All participants took home personalised goodies including their individual caricatures, which were a hit!
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