Success Story of Vijay Shekhar Sharma: PayTm CEO, PayTm Owner
Success Story of Vijay Shekhar Sharma: Many times people in their life are frightened by the repeated failures and hence they lose the possibility of future successes, then blame luck and time. But with hard work, you can achieve all that you can not do with luck. Yes friends, today we are going to give you such an inspiration from Paytm founder Vijay Shekhar Sharma.
Passion, courage and willpower are some of the words from which the PayTm CEO Vijay Shekhar Sharma can be defined. Starting a company like Paytm was not an easy task. Do not know how many struggles and troubles have passed, they have made Paytm successful: The story of success of PayTm Owner Vijay Shekhar Sharma.
Vijay Shekhar bio data:
Name – Vijay Shekhar Sharma.
Birth – 8 July 1973.
Birth place – Uttar Pradesh, District Aligarh (Gov Vijaygarh).
Business – Founder & CEO Of Paytm and One97 Communications Limited.
Wife – Mridula Sharma.
Early life of Vijay Shekhar Sharma:
Vijay Shekhar Sharma came from a middle class family. His father was a very honest school teacher and mother was a house wife, his father used to teach tuition as unethical too. Even though Vijay had not been fed up like the children of wealthy homes, but surely the rites of parents were inherited in him.
Vijay’s early education took place in a simple Hindi medium school in Vijaygarh. Vijay always used to come first in his class. He was brilliant in reading and on his own skill, but he passed the examination of class 12th in just 14 years.
For further studies Vijaya took admission in Delhi College of Engineering. Due to being meritorious, Admission was found, but it was not easy. Because of his medium of instruction through Hindi medium, his English was very weak and for this reason he had to face a lot of difficulty in studies. In the school, Vijay Engineering, who was always topper, was able to get very close to the papers, and all this was due to not knowing English.True Interesting Facts about Elon Musk | Success Story of Elon Musk
At the same time, Vijay used to become desperate, he used to bunk classes and many times the thought of returning home was coming in his mind. But Vijay’s fate was written a little further, he kept standing … Vijay convinced that he would first control the English.
After this he started trying to learn English and he got old books and magazines from the market and started learning English. For this, he adopted a unique way, he used to buy both Hindi and English books of the same book and used to read both together.
If a person is passionate about learning something then he can do anything and Vijay Shekhar Sharma was full of volition codes. On his own, he did not get back to doing anything. He soon learned English with his hard work and will.
These things have happened in those days when they did not do engineering classes, because Vijay had a lot of time, Vijay was very motivated by the founder of Yahoo Sabeer Bhatiya in this time and he also wanted to do something bigger in the field of internet like him. And because Yahoo was created at Stanford College Campus, so he also wanted to go there and study.
But due to his weak financial condition and lack of English knowledge, he could not get admission there, but he got a way out of this and he started learning coding by himself following a few geniuses of Stanford.
They did the same, they read slowly from the books and learned coding and soon prepared a content management system of their own, which, in turn, started using Hindustan’s big newspaper News Magazines.
After some time, he started a company named XS, in collaboration with the friend of college, 3rd year. His business model was liked by many people, and in 1999, he sold the XS to USA’s Lotus Interworks for $ 5,00,000, and in the same company he started working as an employee.
But Vijay Shekhar did not like to work for others and he soon quit his job. But Vijay Sekhar Sharma who had a taste of business, could not sit down. They immediately started searching for new business ideas and after that they established the One97.
In 2001, he started the company named One97. In this company, Shekhar put all his deposits, but due to the dot com bust, the company did not run in the beginning. Business failure breaks morally and financially to any person. Similar to Vijay Shekhar, he faced financial difficulties.
In these difficult times, both of their partners left One97 and went away and now Vijay lives in a cheap hostel near Kashmiri gate in New Delhi. At one time when such a trip used to fix their money, they used to spend a whole day on only two cups of tea.
Vijay Sekhar’s efforts also started to color, and his company, which serviced GSM and CDMA mobile operators, gradually started on the growth track and started earning profits.
Establishment of PAYTM (Payment Through Mobile):
Vijay Shekhar Sharma was a master at capturing the pulse of time. Smartphones were becoming very popular in the market at that time, and from this point of view, there was a cashless transaction idea in their mind. They proposed to start the payment ecosystem in front of the Board of One97. Since this was a brand new market and the company was slowly raising its roots, no one was ready to raise the risk at this time.
In such a case, if you want to win, you could start a company with a different idea about this idea, but they did not do that.
Vijay Shekhar said that –
”If someone else was an entrepreneur, he could start his own company by selling his own equity. But my desire was always to make a 100 year old company. I believe men and boys are different because boys sell the company in one stroke and Men run the company and build the heritage”.
And then Vijay Shekhar established 1% of his personal equity, investing nearly $ 2 Mn in his new idea and establishing Paytm.com in 2001. In the starting period, it was offering its services in the form of DTH recharge and prepaid mobile recharge. Then they started gradually increasing their services and then gave the first electricity bill, gas bill payment facility, and then Paytm started selling goods at paytm.com just like other e-commerce companies.
And most recently, demonetization in India made lottery work for PayTM and in view of this, in today’s time, millions of people were required PayTM. At this time, Paytm.com is providing pre-paid mobile recharge, data card recharge, postpaid mobile recharge, bill payment etc. in all the states of India and today Paytm.com is India’s most popular online payment site and its total business Has reached 15,000 crore rupees.
And recently Vijay Shekhar Sharma had choosen as the “India’s Hottest Business Leader under 40” Economic Times. In today’s time, Vijay Shekhar Sharma is ideal for every Indian who wants to go through some of his hard work because it is the story of the person who saw the dream of million dollar company when he had a meal for 10 paisa in his pocket Were not even used.
The inspirational story of Vijay Shekhar teaches us not to lose heart at any other point of life and then for some successful people like this, I miss a few lines.