Paytm's shares rose by 15.65%, ending Tuesday's trading session at INR 753.60, boosting its market capitalisation to $5.71 Bn.  CEO Vijay Shekhar Sharma announced plans to reinvest in the consumer ...

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- Paytm's shares rose by 15.65%, ending Tuesday's trading session at INR 753.60, boosting its market capitalisation to $5.71 Bn.
- CEO Vijay Shekhar Sharma announced plans to reinvest in the consumer payments business, following a significant loss of consumer base.
- The company recently allotted 93,284 equity shares to employees under ESOP programmes.
- Despite the recent surge, Paytm's shares are still trading over 60% lower than its listing price of INR 1,950.
- Sharma expressed regret over his choice of investment bankers for the company's IPO.

Source: [Inc42](https://inc42.com/buzz/paytm-zooms-over-15-after-vijay-shekhar-sharma-reiterates-focus-on-consumer-payments/)

Paytm Shares Surge 15% as CEO Reiterates Focus on Consumer Payments

Journalist

Paytm Shares Surge 15% as CEO Reiterates Focus on Consumer Payments- Grapevine

As per latest press release OCL, will completely move its services to other bank and will only bank with other bank.

Cutting ties with their own subsidiary is something which is unheard of. 

I am sure paytm payments bank will be back after some cool off period and some fines. I guess this is all done to manage their stocks 📉

https://www.bseindia.com/xml-data/corpfiling/AttachLive/02a4a3a1-8cc0-4cde-a35f-d4f70ca98377.pdf

Paytm (One 97 communication limited) distances itself from Paytm Payments Bank Limited

Product Manager

Is there any one from Paytm , who can confirm if there’s a silent layoff happening there. I have an offer as SSE , but have heard from multiple people that work culture is detoriating very fast and almost 20% are undergoing PIP.

Layoff at Paytm

Tech lead

- PayTM shares rose 2% as CEO Vijay Shekhar Sharma committed to achieving PAT profitability at the AGM.
- Sharma highlighted India's leadership in financial technology and the potential to extend it into AI.
- The focus is now on core business areas like payments and financial services distribution.
- PayTM aims to cut costs through AI adoption, with shares quoting Rs 681.05 on the NSE.
- Despite a widened net loss in Q1FY25, the company plans aggressive cost-saving measures. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/markets/one-97-communication-shares-rise-as-vijay-shekhar-sharma-commits-to-profitability-at-paytm-agm-12820038.html)

Vijay Shekhar Sharma Vows Profitability, PayTM Shares Surge

Spoke with banking folks, and they confirm that it's not like PayTM was doing something that other banks also don't

Sad to see what PayTM is going through. Increasingly feel that they've been wronged against.

Welcome to Indian Startups's Private Community

I’m wondering where did VSS got the cash to buy 10% of PayTM. Some rough estimates suggest it would be at least $500 million. That’s a lot of cash or is my rough math wrong. 

Did he do something like Ritesh/Oyo buyback which was peculiar or could it be at a discount. 

I’m wondering if anyone has any thoughts or idea if what could happen.

Paytm Share Purchase

Data Consultant

Really ? 

Even after receiving multiple notifications from them ?

Even after submitting false compliance reports to them on various instances ?

Even after they had put monetary penalty on you for continued non-compliance with KYC norms.

You don’t know what exactly went wrong.

That’s great 😄👍

Links : https://www.cnbctv18.com/finance/paytm-payments-bank-rbi-crackdown-the-inside-story-18970171.htm/amp

https://timesofindia.indiatimes.com/gadgets-news/paytm-town-hall-no-job-cuts-and-other-key-things-that-ceo-vijay-shekhar-sharma-told-employees/amp_articleshow/107420639.cms

PayTM CEO in Townhall : “We are not completely sure of things...like what exactly went wrong”

Corporate Strategist

Welcome to Personal Finance's Private Community

RBI is a big bully, everybody knows that. RBI has bullied the likes of HDFC, ICICI and a lot of fintech startups. All it wants is that these folks are compliant with the rules.

RBI is one of the most stringent Central banks in the world. This also ensures a lot of financial stability in the country, sometimes overdoing the regulations.

Once you fix the systems and comply with RBI, business is back to usual. This has been the trend in all the notices that have been sent across to all the different companies. Paytm should be no different.

Paytm has a book value of 205. In case the stock hits a few more lower circuits, in the words of Ashneer Grover, it'll be a "Screaming buy".

Every good opportunity comes with a lot of risk. The primary risk here is that Paytm doesn't get its act straight and RBI at the end of February imposes the actions that are mentioned in the circular.
 Next line in such a case. Well the money is lost but if they fix the necessary things within time then it's going to be a jackpot.

Catching falling knives is never easy, and it's bound to hurt you, but hey, "Risk He Toh Ishq He".

Next lower circuit is ~487rs 
The one after it is ~390rs.

I think anything under 500 is great price without the RBI impact. If it hits the circuit tomorrow, I'll start buying on Monday. If it doesn't, well, salary is already credited, so it's time for some risky investment.

Going to buy Paytm Stock

Software Engineer

Welcome to Fintech India's Private Community

Will Vijay Shekhar Sharma be able to revive the company in next 6 months or Paytm will lose its existence among upi customers ???

Paytm and it's downfall

From 2,150 IPO listing price to 346, 84% wealth erosion.

Paytm has been the biggest Wealth destroyer in recent times .

Chartered accountant

Paytm pain

Consultant

- PhonePe Group reported revenue of INR 5064 Cr for FY23-24, a 74% increase from INR 2914 Cr in FY22-23.
- The company achieved an Adjusted PAT of INR 197 Cr for FY23-24, reversing a loss of INR 738 Cr from the previous year.
- Standalone Payments business recorded an Adjusted PAT of INR 710 Cr for FY23-24, compared to a loss of INR 194 Cr in FY22-23.
- Growth driven by market leadership, platform reliability, and cross-selling a diverse product portfolio.
- CFO Adarsh Nahata and CEO Sameer Nigam emphasize sustainable growth, revenue diversification, and disciplined financial management. 

 Source: [Phonepe](https://www.phonepe.com/press/phonepe-grows-revenue-at-74-y-o-y-and-turns-adjusted-pat-positive)

PhonePe Achieves 74% Revenue Growth and Turns Adjusted PAT Positive

Another lower circuit :/

Looking at my Paytm shares

Business analyst

People working at Paytm how are you dealing with the loss in equity? Is the company providing additional equity for the loss incurred this month? 
Is there any indication by the leadership on how they want to handle this?

Paytm Equity loss to employees

- The labour ministry announced that Paytm will not recover the joining bonus from a former employee and will pay the notice period payment.
- This decision followed a meeting between Paytm representatives and the regional labour commissioner in Bengaluru.
- The resolution came after multiple ex-employees alleged forced termination and sought reinstatement.
- Paytm attributed recent layoffs to AI-led automation, aiming for significant cost savings.
- The company has faced regulatory challenges and financial losses, with its stock down over 25% year-to-date. 

 Source: Inc42

Paytm Agrees to Settle Dispute with Former Employee

As expected paytm stock got stuck on lower circuit (maximum downward move allowed in a day). Insanely large selling volumes with zero buy orders.

Paytm stock stuck on lower circuit

Program Manager

Controversial take below:
No doubt that PayTM has been a poster-boy of Indian fintech startups. And Vijay Shekhar Sharma has been an exceptional entrepreneur: building PayTM into a homegrown brand and a multi-billion dollar public company. To that extent, PayTM does deserve a lot of respect from the entire startup community and all of us.

But in current context, they were found to be persistently non-compliant on certain regulations: regulations which are not new and which exist for the protection of consumer interest and overall trust in the ecosystem. That PayTM failed to adhere to them, is squarely on them. That is just oversight or just negligence on their part, and they are facing the consequences of their (in)action.

Why then this show of support for PayTM, who clearly is at fault here? Is it just sympathy for VSS and other PayTM employees who see a lot of their wealth dissipate overnight? Is it just teenage rebellion spirit against the "system" and believing startups are above them? Or is it just accepting that it is okay to cut corners, almost with the guilt of knowing we have erred similarly too?

I get the respect for the company and VSS, I do. But to present them as heroes who have been hard done by regulators, is a grossly misleading narrative.

PayTM, not a victim

Investor

How do MF manage such shocks? 
Damn, didn't know that so many MF had exposure. I think many of them may not buy more if other payment players start poaching merchants. 

Intresting to see SBI payments reacting to news. 


https://www.livemint.com/mutual-fund/paytm-stock-crash-mutual-funds-schemes-likely-to-face-music-with-navs-under-pressure-rbi-bse-paytm-shares-markets-11706776025430.html

Paytm Shares Surge 15% as CEO Reiterates Focus on Consumer Payments

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