Paytm Founder and CEO Vijay Shekhar Sharma has said the company was like his daughter who was a school topper and met with an accident on the way to an entrance test.
Metaphorically speaking at the 7th JITO Incubation and Innovation Fund (JIIF) Foundation Day, Mr Sharma said, "As a founder, my company is like my daughter...as a company, we were getting mature...it is just as if a daughter who is a school topper has met with an accident on way to an entrance test...that is the kind of feeling which is little personal, emotional feeling".
At the event, he also spoke about his learnings from the Reserve Bank of India (RBI) action on Paytm Payments Bank.
The CEO acknowledged that the setback was emotionally challenging on a personal level, but it served as a valuable lesson in fulfilling responsibilities professionally.
In addition, Mr Sharma talked about his dreams and ambitions, and his highs and lows.
He said that his personal ambition is to build a $100 billion company, adding that he wants Paytm to be recognised globally as an Indian firm.
Furthermore, he said that listing a company brings "a lot more responsibility and maturity," which has its own value and joy.
Meanwhile, Paytm has witnessed early signs of recovery and strong stabilisation for its Unified Payments Interface (UPI) business, marking a strong turnaround for the company.
The total value of UPI transactions processed on the Paytm platform grew to Rs 1.24 trillion in May, on the back of the company launching several initiatives for users such as Credit Card on UPI, as well as pushing the lever on UPI Lite.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
SEBI Pulls Up Paytm Founder, Director on IPO Breaches: Report SEBI Notice To Paytm On 2.1 Crore Employee Stock Options To CEO, Firm Says... On SEBI Move, Paytm Says No New Notice, IPO Issue Already Disclosed In Financial Results Highlights - Congress Comeback In Haryana, Hung Verdict In J&K: Poll Of Exit Polls Kumari Selja As Haryana Chief Minister? Congress's Bhupinder Hooda Says... Congress To Win Haryana, Hung House In J&K: Poll Of Exit Polls Delhi Police Secure 1st Conviction Under New Criminal Laws in Theft Case Aircraft Suffers Tyre Burst While Landing At Chennai, Passengers Safe RG Kar Horror: Bengal Doctors Begin "Fast Unto Death" In Kolkata Track Latest News Live on NDTV.com and get news updates from India and around the world.