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BQ Exclusive: Losses For Paytm’s Parent Firm Surged In FY19
Losses more than doubled at One97 Communications in FY19.
17 Jul 2020, 04:28 PM IST i

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File photo of Vijay Shekhar Sharma at the Paytm headquarters. (Photographer: Anindito Mukherjee/Bloomberg)
Vijay Shekhar Sharma promoted One97 Communications Ltd., the parent company of Paytm, has reported a surge in losses for financial year 2018-19.The company reported a loss of Rs 4,217.20 crore on a consolidated basis for the financial year ended March 2019, compared with Rs 1,604.34 crore in the year ago period, according to the annual report sent out by the company to shareholders. BloombergQuint has seen a copy of the annual report...

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