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Paytm To Lead India’s Growth As A Superpower In The Artificial General Intelligence Realm: Vijay Shekhar Sharma

Inc42 · 1y ago

Paytm To Lead India’s Growth As A Superpower In The Artificial General Intelligence Realm: Vijay Shekhar Sharma

During Paytm's annual general meeting (AGM), founder and CEO Vijay Shekhar Sharma emphasized the company's commitment to becoming a global superpower in artificial general intelligence (AGI). Sharma highlighted the potential of Paytm's AGI stack to lower costs, enhance financial system security, and serve the needs of India's financial services ecosystem for decades. Paytm aims to serve half a billion Indians with technology and achieve free cash flow positivity despite significant investments in product development and distribution expansion. The company has been actively launching new products and reducing losses while navigating regulatory challenges.

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Paytm Committed To Integrating AI In Its Core Payment Biz: Vijay Shekhar Sharma

Inc42 · 10m ago

Paytm Committed To Integrating AI In Its Core Payment Biz: Vijay Shekhar Sharma

Paytm founder and CEO, Vijay Shekhar Sharma, stated that the company is determined to incorporate artificial intelligence into its core payment business. Paytm aims to focus on its payment business and expand into cross-selling financial services to improve profitability. Additionally, there is a growing expectation for Paytm to establish an AI-powered risk management committee.

Want to make Paytm an Asia leader — Sharma after RBI action on payments bank

Livemint

Livemint · 1y ago

Want to make Paytm an Asia leader — Sharma after RBI action on payments bank

Paytm founder, Vijay Shekhar Sharma, expressed confidence that the digital payments giant will overcome regulatory setbacks in India this year. The Reserve Bank of India (RBI) recently placed severe restrictions on Paytm Payments Bank due to issues related to accounting and supervisory problems. Sharma resigned from the banking affiliate's board but continues to lead Paytm. He is focused on forging new bank partnerships and expanding into other Asian markets. Additionally, Paytm Payments Bank was fined ₹5.49 crore by the Financial Intelligence Unit for failure to comply with anti-money laundering regulations.

Paytm CEO Vijay Shekhar Sharma gets scam texts from 'Vijay Shekhar Sharma', shares pics

Inshorts · 1m ago

Paytm CEO Vijay Shekhar Sharma gets scam texts from 'Vijay Shekhar Sharma', shares pics

Paytm CEO Vijay Shekhar Sharma shared pictures of text messages he got from a scammer who was posing as 'Vijay Shekhar Sharma', saying, "Impersonating myself to me." In the messages, the scammer asked Vijay if he was in office and asked him to send a file to finance department. "Vijay speaking to Vijay. Madness of multiverse," an X user said.

India Must Settle for Being the AI Use Case Capital, Says Vijay Shekhar Sharma – Outlook Business

OutlookIndia

OutlookIndia · 7d ago

India Must Settle for Being the AI Use Case Capital, Says Vijay Shekhar Sharma – Outlook Business

India must now settle for becoming the “use case capital” of AI rather than its creator, as per Paytm founder Vijay Shekhar Sharma. India’s ambition to build foundational AI may no longer be realistic, he added, pointing to the high entry costs and lack of global infrastructure.

Paytm To Shift Focus From EBITDA Before ESOP To PAT For Better Clarity

Inc42 · 10m ago

Paytm To Shift Focus From EBITDA Before ESOP To PAT For Better Clarity

During Paytm's annual general meeting, founder Vijay Shekhar Sharma announced a strategic change in focus. He stated that the company will shift its benchmark from EBITDA before ESOP to PAT (Profit After Tax). Sharma also mentioned that Paytm will apply for a payment aggregator license from the Reserve Bank of India in the future.

Mindset, not size, limits small companies; AI is changing that: Paytm's Vijay Shekhar Sharma

YourStory

YourStory · 7d ago

Mindset, not size, limits small companies; AI is changing that: Paytm's Vijay Shekhar Sharma

Paytm CEO Vijay Shekhar Sharma, speaking at Shiprocket Shivir 2025, highlighted how artificial intelligence (AI) is empowering small businesses in India by enhancing their capabilities, traditionally limited by mindset rather than resources. AI is helping micro, small, and medium enterprises (MSMEs) overcome barriers to insights and operational efficiency, enabling them to scale faster. Sharma emphasized that AI acts like a business partner or CFO, bridging knowledge gaps and encouraging small businesses to think bigger and more expansively.

’After resolving many…’: Paytm to focus on long-term profits, says CEO Sharma

Livemint

Livemint · 11m ago

’After resolving many…’: Paytm to focus on long-term profits, says CEO Sharma

Paytm founder, Vijay Shekhar Sharma, has expressed his commitment to delivering a sustainable and profitable business model in a letter to shareholders. He highlighted the company's focus on using artificial intelligence (AI) for cost savings and developing AI-first products for small merchants and micro-businesses. Acknowledging challenges faced in the last financial year, Sharma emphasized the importance of generating free cash flow. Paytm reported a net loss of ₹840 crore in Q1 FY25, with the Reserve Bank of India restricting its operations due to non-compliance issues earlier this year.

AI tech to replace humans workflow, says Paytm founder

Economic Times

Economic Times · 7m ago

AI tech to replace humans workflow, says Paytm founder

Paytm founder and CEO, Vijay Shekhar Sharma, has stated that startups not developing technologies to replace human workflow will not survive in the long run. While speaking at a summit in Rajasthan, Sharma acknowledged that the adoption of artificial intelligence (AI) will require hiring more people to develop and support technology. He emphasized that AI will replace physical and mental tasks, such as driving and coding, and that startups should focus on removing the need for human involvement. Sharma also acknowledged that AI will disrupt the economy and concentrate power in countries with computing capabilities.

Funding is no longer a major issue for startups in India: Paytm’s Vijay Shekhar Sharma

Economic Times

Economic Times · 2m ago

Funding is no longer a major issue for startups in India: Paytm’s Vijay Shekhar Sharma

Vijay Shekhar Sharma, CEO of Paytm, stated that funding is no longer a significant issue for Indian startups, with capital availability improving. Speaking at the TIE Delhi-NCR summit, Sharma highlighted that India’s startup ecosystem is recovering from the 2023 funding slowdown. He noted a shift, with startups actively recruiting talent domestically. Sharma emphasized the role of AI in democratizing knowledge and urged Indian startups to innovate beyond delivery platforms into sectors like AI and robotics.

Vijay Shekhar Sharma to buy 10% Paytm stake from Ant Financial in no-cash deal

Economic Times

Economic Times · 1y ago

Vijay Shekhar Sharma to buy 10% Paytm stake from Ant Financial in no-cash deal

Vijay Shekhar Sharma, the founder of Paytm, is set to acquire a 10% stake in Paytm from Ant Financial. This move follows regulatory changes that require Ant Financial to reduce its stake in Paytm. The transaction highlights Sharma's commitment to maintaining a significant stake in the company he founded and his confidence in Paytm's future growth prospects.

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