Paytm employees see single-digit remuneration hike; headcount falls 10%

06 Aug 2025, 12:44 PM

No remuneration was paid to non-executive directors at Paytm for the financial year 2024-25.

Team Head&Tale

Employees of One97 Communications, the parent company of Paytm, saw a single-digit average percentage increase in remuneration in FY25 against a double-digit rise in the previous fiscal even as headcount declined by a little over 10%.

In its annual report, Paytm said the average increase in the remuneration of employees, excluding remuneration of KMPs (Key Managerial Personnels), was 5.92% during the financial year 2024-25.

In comparison, it was 14.6% during the financial year 2024-25.

There was no increase in the remuneration of Paytm CEO Vijay Shekhar Sharma, and group CFO Madhur Deora for FY25. Sharma had not received any hike in remuneration in the previous fiscal as well while Deora had got a 15% increase in FY24.


Further, no remuneration was paid to non-executive directors for the financial year 2024-25, the report said.

The single-digit hike in remuneration for employees came even as the company's headcount reduced to 39,368 (inclusive of all subsidiaries) in FY25 from 43,960 in the previous financial year.

Excluding subsidiary companies, there were 14,656 employees on the rolls of the company as on March 31, 2025 as compared to 28,107 employees as on March 31, 2024.

As its headcount fell, the company's employee cost (excluding ESOP) reduced by Rs 651 crore (21%) to Rs 2,473 crore in FY25 from Rs 3,124 crore in FY24. The company had targeted Rs 400-500 crore in annualized people cost savings by creating a leaner organizational structure and increasing productivity.

The company's employee cost savings points to its focus on profitability.

Paytm reported its first ever quarterly net profit of Rs 123 crore in April-June period 2025.

Last month, Sharma also said that the fintech company will transform into an AI-first company, a trend seen across tech companies globally as AI develops at a lightning pace.

This has also sparked fear of job losses as global companies such as Microsoft announced a massive layoff recently. India's IT major TCS shocked the industry as it said it will lay off 12,000 of its employees.