This is why Paytm's Vijay Shekhar Sharma seeks to strengthen team by bringing back previous executives

According to Paytm, this is speculative and the firm is putting more of its attention into elevating talented employees into executive positions.

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According to reports, Paytm founder and CEO Vijay Shekhar Sharma is attempting to resurrect the troubled company by corresponding with previous executives. Reports suggest he has called Renu Satti, Kiran Vasireddy, and Nehul Malhotra, among others, asking them to come back to the company. These sources claimed that talks with Vasireddy and Malhotra, who might be heading Paytm's user growth plan, were started some time ago. Vijay, who is taking direct control of each company, has been in communication with his close advisors and plans to reconstitute the entire team."

A change is inevitable 

According to Paytm, this is speculative and the firm is putting more of its attention into elevating talented employees into executive positions. According to the report, a representative for the corporation stated, "We have not contacted or are in communication with previous executives." Our attention has been on ensuring effective succession planning and bolstering the roles of our own future generation of leaders." In the last three months, Paytm's share price has decreased and the firm has lost market share in UPI. This is because the Reserve Bank of India (RBI) imposed restrictions on Paytm Payments Bank Limited (PPBL) to stop providing certain services.

Strategies are on!

Additionally, according to the article, Vijay Shekhar Sharma has been in charge of the various verticals in order to promote growth, lower customer attrition, and boost trust among partners, retailers, and consumers. After the Reserve Bank of India (RBI) ordered Paytm Payments Bank Limited (PPBL) to stop offering certain services, Paytm lost market share in UPI and saw a decline in share price over the following three months. In order to promote growth, lower customer churn, and boost trust among partners, merchants, and customers, the report further asserted that Vijay Shekhar Sharma has been assuming command of the various sectors.