Paytm strengthens board, invests in payments business amid growth

One 97 Communications (Paytm) announced the appointment of Manisha Raj Raisinghani as a non-executive independent director, effective November 4, 2025, for a five-year term. Raisinghani, founder and CEO of SiftHub, brings nearly two decades of experience in technology, AI, and startups. Her appointment is subject to shareholder approval. The company confirmed Raisinghani is not related to any other director and is not debarred from holding a directorship by any SEBI order.

Concurrently, Paytm disclosed plans to invest up to INR 2,250 Crores in its wholly-owned subsidiary, Paytm Payments Services Limited (PPSL), through a right issue of equity shares. This investment aims to bolster PPSL's net worth, support the acquisition of offline merchant payment business, fund working capital, and maintain leadership in merchant payments. PPSL, incorporated on October 10, 2020, provides payment aggregator and gateway services, reporting revenue of INR 1,171.6 Crores for FY 2024-25. The board approved the transfer of offline payments business to PPSL on October 15, 2025, to comply with RBI Guidelines.

Paytm reported robust financial performance for Q2 FY2026, with operating revenue growing 24% year-over-year to INR 2,061 Cr and EBITDA improving to INR 142 Cr (7% margin). This was driven by increased subscription merchants, higher payments GMV, and growth in financial services distribution. Contribution profit rose 35% year-over-year to INR 1,207 Cr, reaching a 59% margin. The company also announced that the Reserve Bank of India (RBI) granted in-principle authorization to PPSL to operate as an online payment aggregator on August 12, 2025, allowing it to resume onboarding new online merchants.