Paytm, India’s leading digital payments and financial services company, has today announced that it is strengthening its teams with the best of talent — with over 145 offers rolled out to students from tier 1 colleges in the country.
Paytm has emerged as the top fintech recruiter in IIM Ahmedabad, IIM Kozhikode, IIM Lucknow, and many others.
At Indian Institute of Management-Ahmedabad, Paytm made 20 offers this year, which is the highest during the recently concluded final placement process.
The company also recruited 20 students from the Indian School of Business-Hyderabad, 18 from the Indian Institute of Management-Calcutta and 16 from the Indian Institute of Management-Bangalore.
In colleges like Xavier School of Management-Jamshedpur, the Indian Institute of Management-Lucknow, Indian Institute of Management-Kozhikode, Management Development Institute-Gurgaon, and Faculty of Management Studies-Delhi, Paytm rolled out over 70 offers. Paytm is also in a process of hiring from other top colleges as well.
The recruitment is majorly for the roles in product and growth across businesses such as lending, insurance, wealth management and offline payments.
The organization has been at the forefront of hiring young talents from IIMs and other top business schools, who would play an essential role in launching innovative financial services and technology to fuel the company’s growth journey.
Due to the pandemic, all placement interviews were held virtually. Before the placement, it also engaged the students with pre-placement talks. Paytm Money CEO Varun Sridhar engaged in the pre-placement talks, where over 2,000+ candidates joined the conference.
Commenting on this Paytm Spokesperson said, “We are strengthening our teams across businesses with young talent, who will contribute to the company’s growth journey and drive greater scale. Our innovative and entrepreneurial work environment, which encourages people to grow individually as well, makes Paytm a great place to work.”
Paytm has one of the largest ESOP pools in the country, which is a way to recognize and retain its key employees.
During the October-December quarter, the company saw its revenues jump by 89% y-o-y to Rs.1,456 crore. This revenue increase was led by high monetization and growth in merchant payments through MDR-bearing instruments, new device subscriptions, and loan disbursements.
The financial services play ramped up with a total of 4.4 million loans (401% y-o-y growth) disbursed through Paytm, aggregating to a total value of Rs.2,181 crore (366% y-o-y growth). The contribution profit for Q3 FY 2022 at Rs.454 Cr represents a 560% Y-o-Y growth. It is a leader in offline payments with over 2.3 million devices deployed.
