Madhur Deora to step down from Paytm's board but continue as President, group CEO
23 Jul 2025, 03:50 PMMeanwhile, the company has appointed Urvashi Sahai, general counsel and senior vice president-legal, as a new board member.
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Madhur Deora, group CFO for Paytm's parent entity One97 Communications, has decided to retire from the company's board as director and not seek reappointment.
However, this change is limited to the board composition only, Paytm said in a stock exchange filing.
Deora will continue in his full-time role as President and Group Chief Financial Officer of the company,
and will also support the CEO in expanding the business and strengthening profitability, it added.
Additionally, Bimal Julka, a former government official serving as an independent board member, has also submitted his resignation.
Meanwhile, the company has appointed Urvashi Sahai, general counsel and senior vice president-legal, as a new board member. She will serve as a whole-time director and key management personnel for a five-year period. Prior, to her stint with One 97 Communications Ltd, she served as General Counsel and Senior Vice President –Legal at Walmart India.
Paytm has reported net profit of Rs 123 crore in the quarter ended June 30, 2025 as compared to a net loss of Rs 839 crore in the same period last year.
The Vijay Shekhar Sharma-led company had last posted a profit in the July-September quarter of 2024, helped by a one-time gain from the sale of its ticketing business.
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