Paytm CEO Vijay Shekhar Sharma, who’s going through a vital take a look at of investor confidence, shared a few updates from the corporate’s annual normal assembly held just about this afternoon.
“Har ghar tiranga, har haath Paytm (tricolour at each home, Paytm in each hand),” was what a shareholder stated throughout the important thing assembly, tweeted Mr Sharma.
The ‘Har Ghar Tiranga‘ marketing campaign was launched by Prime Minister Narendra Modi in July and had given a name to place up nationwide flags at houses. The Tradition Ministry had additionally appealed to folks to add selfies or pictures with ‘Tiranga’ on the marketing campaign’s web site.
In one other tweet, he stated it was “such an energising AGM”.
One of many objects to be voted on on the assembly was stated to be Vijay Shekhar Sharma’s position because the chief government officer.
Paytm, the poster boy for India’s tech startups, has misplaced greater than 60 per cent of its worth since its high-profile preliminary public providing in November because it has struggled to persuade buyers of its earnings potential.
In an interview final month, Mr Sharma, 44, stated Paytm is about to develop into India’s first web firm to hit $1 billion in annual income and pledged a shift from development towards profitability.
Shareholders ought to vote towards Mr Sharma’s reappointment, and the board should herald an expert to the position, Institutional Investor Advisory Companies India Ltd. stated final week. Earlier than itemizing, Mr Sharma, on a number of cases, publicly talked in regards to the firm turning worthwhile, and but it hasn’t occurred even at an operational degree, the agency stated.
Comply with Information All the things for Information In the present day, Breaking Information, Newest Information, World Information, Breaking Information Headlines, Nationwide Information, In the present day’s Information
#Shareholders #Tagline #Fee #App