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Paytm losses climb upto 4 fold to Rs.1,549 crore

Write By: admin Published In: e-commerce News Created Date: 2016-12-13 Hits: 724 Comment: 0

Paytm losses climb upto 4 fold to Rs.1,549 crore, a year ago it has reported a loss of Rs.372 crore, in the year 2014 it has reported a profit of 5 crore

This is as reported here in economic times,the widening of loss mainly attributed to the cashbacks, discounts as well as other marketing cost. Vijay Shekhar Sharma who is the founder of the company draws a salary of Rs.3.1 crore per annum. The company has reported a revenue of Rs.336 crore in 2014-15 and 210 crore in 2013-14, the company plans to become profitable operationally by they year 2019. 

As part of foraying into the payment banking, Paytm has created two entities Paytm Payment Bank and Paytm E-commerce

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