Year of reckoning for India Inc: For Paytm, 2018 was more bitter than sweet

For Paytm, rest of 2018 has been mostly about fire-fighting and damage control

For controversy’s favourite child Vijay Shekhar Sharma, the CEO and founder of country’s largest mobile wallet Paytm, 2018 was more bitter than sweet. After Alibaba and SoftBank Group, Sharma managed to rope yet another big name investor — Warren Buffett-led investment firm Berkshire Hathaway Inc, which bought close to a three per cent stake for $300 million. 

But the rest of the year has been mostly about fire-fighting and damage control. 

In May this year, the company was hit with a sting operation, which showed Ajay Shekhar Sharma, Vijay’s brother and a senior vice president in the company, claiming that the government