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Around nine years ago, Paytm founder and CEO Vijay Shekhar Sharma had told PTI, “We are as Indian as Maruti,” when asked about the company’s ownership structure. His statement has now become a reality today as Paytm is truly an Indian company, both in its identity and its shareholding.
The mobile payments company is 100 per cent Indian-owned after Jack Ma’s Ant Financial exited One97 Communications, the parent company of Paytm, by selling its entire 5.84 per cent stake for around Rs 3,803 crore.
This transformation became official with the recent exit of Antfin (Netherlands) Holding BV, which sold its residual 5.84 per cent stake in Paytm for about Rs 3,800 crore through a block deal.With this, Chinese ownership in the company has been reduced to zero, marking a significant shift in its shareholding pattern.
Vijay Shekhar Sharma’s conviction reflected a forward-looking vision of building a world-class, homegrown technology champion with a strong foundation in the country’s regulatory and economic fabric.
The timing of this structural change is also significant. It follows a strong Q1 FY26 performance, where the Noida-based firm posted a net profit of Rs 123 crore, its first-ever fully profitable quarter, surpassing analyst expectations. Operating revenue rose 28 per cent year-on-year to Rs 1,918 crore, while contribution profit surged 52 per cent year-on-year to Rs 1,151 crore.
(With Inputs From PTI)
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