Paytm founder Vijay Shekhar Sharma will not take salary for next two months to help his staff

• Vijay Shekhar Sharma announced that he will not be taking his salary for the next two months.
• Instead, the money will be used to help Paytm’s office staff in these testing times.
• Sharma was moved to tears by the video of Marriott chief Arne M. Sorenson who spoke about how Covid-19 has impacted the business.

Paytm founder Vijay Shekhar Sharma announced that he will not be taking his salary for the next two months. Instead, the money will be used to help Paytm’s staff.


Sharma made the decision after watching a video of Marriott chief Arne M. Sorenson who spoke about how Covid-19 has impacted the business. Sorenson said that as a CEO the most difficult step he has to take is seeing his colleagues were impacted.

“As a leader I have experienced so many wonderful highs, and a good number of challenging lows. I can tell you I have never had a more difficult low than this one. There is absolutely nothing worse than telling highly valued associates, people who are the very heart of this company that their roles are being impacted because of events totally out of their control,” said Sorenson in the video.

Sharma says that he was moved to tears after watching the video. One of Paytm’s employees in the Gurgaon office was tested positive for Coronavirus a few weeks back.

Paytm also launched the ‘India Fights Corona’ campaign to help prevent and manage the spread of novel Coronavirus in communities with the greatest need. Contributions can be made on the Paytm app and website under the 'Donations' section.

“The amount raised will be used to procure and distribute soaps and hand wash to people who need it the most - including people who are part of our everyday life, such as our house help, security guards, drivers and vegetable vendors among others. In the first phase, both the companies will distribute 10 lakh soaps and hand washes at no cost in the affected areas,” Paytm said.

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