Will the real Vijay Shekhar Sharma please stand up?
Will the real Vijay Shekhar Sharma please stand up?
If you believe that actions speak louder than words, now would be a good time to take a long, hard look at Paytm’s founder.
26 June 2020
Dark Mode
You can always update your display preferences in Settings menu

Till two hours before he actually left the building, nobody had a clue that Pravin Jadhav, the managing director and CEO of Paytm Money, was on his way out. 

Far away from Paytm’s headquarters at B121, Sector 5, in Noida, Uttar Pradesh, Jadhav had spent a tense two months in Bengaluru moving in and out of discussions. First with Vijay Shekhar Sharma, the founder of Paytm, and later with Paytm Money’s board of directors, a mix of employees and loyalists; the only director missing was Cyrus Khambata, the former executive director of Central Depository Services. At the heart of the issue was a promise made by Sharma to Jadhav some three years back, that in exchange for building Paytm Money, Jadhav would be rewarded with a minority stake of 25% in Paytm Money.

Come 2020, what had been agreed by both gentlemen verbally had not materialized on paper.

Paytm Money had done well. With claims of 6 million users, and more than Rs 5,000 crore in

Signup to read this story
Get 10 starter credits on Signup which you can use to unlock this story. You will also get access to our TMC starter pack and access to free reads.
Become a TMC subscriber
Context is everything. Only read stories that matter.
Become a TMC subscriber
What our readers say
Why subscribers love The Morning Context
Research ideas don't come from a vacuum. The best ideas come from a spark, a contrarian take, an uncommon investigative insight, and one doesn't always get these from traditional media. TMC consistently makes me think about things in different ways, and I've frequently shared TMC articles with collaborators and students. Staying at the cutting edge is hard enough; TMC makes it much easier.
Rohit Chandra, Assistant Professor - School of Public Policy (IIT Delhi)
High quality, independent journalism is rare to find. The Morning Context set really high standards that make me wait for each story.
Abhay Pandey, Managing partner, A91 Capital
Well-written and researched long form reads on a wide variety of topics and a team of veteran journalists - all of this makes my subscription worth it.
Anupam Gupta, Investment research consultant
In today's very noisy and cluttered world, I like that the Morning Context goes below the surface of company PR to deliver fact-based stories on Indian business.
Jessie Paul, CEO, Paul Writer
The Morning Context is my daily opportunity to get smarter about one new company/sector. Discerning analysis, unbiased and approachable.
Miten Sampat, Angel investor & former CSO, Times Internet
In today's polarized world, authentic and unbiased facts are in short supply world over. The Morning Context is a refreshing approach towards truthful, well researched, fearless, and high-quality articles on contemporary topics.
N S Parthasarthy, Co-founder, Mindtree
In a world full of noise, The Morning Context is the calm that stimulates and energises your mind, with stories focused on fact, truth and dogged reportage.
Nikhil Taneja, Co-founder and CEO, Yuvaa
Although it’s a paid subscription, the kind of detailed research and quality of reportage makes it worth every rupee. It’s strength surely lies in having some of the finest journalists writing for it.
Shiladitya Bora, Producer, distributor and founder at Platoon One Films
As one of the early subscribers, I've had the opportunity to witness how quickly the team has grown, the variety of angles covered, and the research in every in-depth story and op-ed.
Amarjit Batra, Managing director, Spotify India
Sign up for free
Sign up now and get access to our starter collection for free.