Vijay Shekhar Sharma

Vijay Shekhar Sharma

From being a humble community kid from Aligarh to the pioneer behind one of India’s most believed innovation brands, Paytm, Vijay Shekhar Sharma has made considerable progress. The man Vijay Shekhar Sharma, who generally wears an inviting grin, stands consistent with each word he composes during the most difficult time of his life.

Nothing came simple for him. He was having trouble making ends meet, and now he owns a business that has a current value of approximately as of August 31, 2023. INR 541.49 B

Life tried him from starting his innovative excursion to becoming one of the most powerful Indian business universes today.

Vijay Shekhar Sharma’s Initial Life
Vijay Sharma was an uncommon understudy in optional school, yet a clincher in his school was lost in the progress to school. Coming from a modest foundation, he didn’t have any idea how to compose and peruse English as he finished a large portion of his school training, mostly in Hindi. In any case, he before long understood that he should begin learning the English language to endure school.

This would just be the beginning of a long excursion to progress for the little fellow from Aligarh. His business as usual was to peruse two books all the while with the English one, a Hindi variant of the book. Yet, it was anything but a simple errand; the first bencher in school gradually began floating towards the backbenches as he could scarcely comprehend what was shown in class.

After some time, Vijay was so disappointed and discouraged with his terrible grades, fundamentally because of language requirements, that he quit going to classes. During this period, he invested a large portion of his energy in the school PC room, perusing the web and dreaming about being in the central hub for overall development, Silicon Valley.

Startup in school
While a large portion of the youthful and splendid designing understudies were amped up for the possibility of being set in enormous organizations, Vijay chose to be a business visionary. He made the web his jungle gym while making Hurray and Sabeer Bhatia his motivations.

He figured out how to code without anyone else and constructed his most memorable organization XS Interchanges, a school based startup that made substance the board frameworks with his school mates. After some time, the absolute most conspicuous news distributions, including The Indian Express, utilized his organization’s substance.

This period additionally became perhaps of the most difficult time in his life as his fantasies about arriving at Silicon Valley were broken. In 2005, Vijay Sharma raised Rs 8 lakhs for his startup’s initial round of funding, but his partners soon declared him bankrupt. He was devastated by this setback, but Vijay was not one to give up easily. During this time, he lived in an inn close to Kashmiri Entryway in Delhi; he skipped dinners to set aside cash and strolled significant distances to go to work or gatherings.

When Vijay established One97 Communications, the parent company of Paytm, in 2000, things began to look up for him. Around then, under 10 million Indians had some awareness of the Web. His organization offers ringtones, Bollywood film tunes, and search administrations prior to arriving on the possibility of advanced installments. The huge turning second for him came in 2011 when he originally tested out entering the installment biological system before his board.

At first, the board was not persuaded by his thought as he was looking at risking everything’s cash on a non-existent market. To persuade his bonus, he put 1% of his value, which was about a $2 million round in 2011, on the table and said, “On the off chance that I squander the organization’s cash that we put on the site, this is for every one of you,”

Paytm
With his resolution and self-conviction, Vijay sent off the main symbol of Paytm. Before long this Compensation Through Portable application turned into the following large thing in the Indian startup environment in India. From that point forward, there has been no thinking back. The rest, as it’s been said, is history. Paytm business out of nowhere taken off in November 2016 when the Narendra Modi government wiped out 500-and 1,000-rupee banknotes to end defilement. Paytm went from another thing to an unquestionable necessity short-term as over 75% of the nation’s paper cash vanished with a pen stroke.

Vijay Sharma’s Paytm’s breath-taking rise to the top of the internet wallet market, supported by customer trust, is now part of Indian startup legend. What is obscure is that Paytm is among the small bunch of organizations all around the World to get Series A financing surpassing $100 million.

Individual Life
Vijay wedded Mridula Parashar Sharma in 2015, and they have one kid. He truly enjoys all kinds of music and is a huge Coldplay, U2, and Jim Morrison fan. He is likewise the occupant DJ at One97 gatherings and frequently powers his partners and colleagues to pay attention to the music he prefers and finds.

In 2022 Vijay Shekhar Sharma was reappointed for an additional five years as overseeing chief (MD) and CEO (President) of One 97 Correspondence, the parent organization of advanced installments application Paytm. Around 99.67 percent of investors casted a ballot for Vijay Sharma’s reappointment. Alibaba’s pioneer Jack Mama and Masayoshi Child of Softbank are his motivations.

As of 21st January 2024, Vijay Shekhar Sharma’s total assets is $1.1B, and he is #2549 most extravagant individual On the planet.

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