Why Paytm Went Back To Basics In 2025

Reset, reposition, revive – perhaps these three words in this order can best describe the year for Paytm. Few Indian fintech firms have staged as dramatic a reversal as did the Vijay Shekhar Sharma-led startup in 2025. 

From being whipped by the Reserve Bank of India with a crippling restriction on Paytm Payments Bank (PPBL), prohibiting fresh deposits and addition of new users, the company swung to a profit of INR 122.5 Cr in the first quarter of FY26 from a net loss exceeding INR 800 Cr just a year back. The topline and the EBITDA margin…