Paytm Founder Vijay Shekhar Sharma Biography
- October 9, 2019
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You must have heard the name of Paytm . Most of us are also using it. And are also taking advantage of the facilities provided by it. But do you know who started
You must have heard the name of Paytm . Most of us are also using it. And are also taking advantage of the facilities provided by it. But do you know who started Paytm. Actually Paytm was started by Vijay Shekhar Sharma. In today’s post, we are going to introduce you to some special things related to the life of Vijay Shekhar Sharma – Vijay Shekhar Sharma .
As we all know that many successful failures contribute to the life of every successful person. Often, we get frustrated due to the failures in our life and pull our steps back, but after learning from these failures, the person who moves forward, success kisses the same person.
In today’s post, we are going to tell you about similar inspiring story of Vijay Shekhar Sharma. We will tell you how he wrote a success story with enthusiasm, passion and courage in the face of difficulties in his life.
Vijay Shekhar Sharma was born on 8 July 1973 in a village called Vijaygarh in Aligarh district, located in the state of Uttar Pradesh. He was born in a middle-class family. His mother was a homemaker and father was a teacher in a school.
Vijay Shekhar completed his early education from a Hindi medium school in Vijaygarh village. From the very beginning, Vijay Shekhar was a brilliant student who passed his preliminary examinations with good numbers.
College studies
After passing the 12th standard at the age of 14, he took admission in B.tech at Delhi College Of Engineering.
Since Vijayasekhar did his early education through Hindi medium, due to which he was very weak in English. Therefore, they started having problems in engineering. Even because of this, they were able to pass the college exam very difficult. For a student who has topped every exam from the beginning, it is a very difficult time for him, when he has to face difficulties in passing.
As a result, Vijay Shekhar’s mind began to shift from engineering. And he started getting frustrated with his life. As a result, Vijayasekhar started absent from his class. At one time, he got the idea that he should leave engineering.
But it is said that when a person’s luck is good and the person has the courage to do something, then a lot of problems come to him. Something similar happened with Vijay Shekhar. He took a firm determination in himself that he would improve his English. For this, he started learning English from many places. He started increasing his knowledge of English with the help of newspapers, magazines etc.
On the strength of hard work and strong will, Vijayasekhar soon passed English language.
Vijay Shekhar wanted to do something in his life that would give him a different identity in the world. He was always trying for this.
In those days, when Vijayashekhar’s focus shifted from engineering and he was absent in class, he had enough time which he used to understand the world of Internet properly.
Vijay Shekhar considers Yahoo founder Mr. Sabir Bhatia as his inspiration. And like him, he wanted to make his name in the Internet world.
Vijay Shekhar’s dream was to go to Stanford College and study. But it was not possible due to their economic condition. But still he did not give up and he learned coding while following some genius students from Stanford College itself. Not only this, he also learned coding with the help of various books. And with the help of which they formulated a content management system. Many big news magazines of India also used their content.
When Vijay Shekhar was in his third year of engineering, he, along with some of his friends, started a company called XS which was well liked by the business model logo. In 1999, Shekhar sold the company to Lotus Network, USA for $ 5,00,000 and started working as an employee.
But they did not like to work. A special reason for this was that Vijay Shekhar’s tendency was towards business. Vijay Shekhar started the idea of ​​starting a new business. And in this effort, we started to establish how to set up a new business.
Later, in 2001, Vijay Shekhar established Vadam 97, in which he invested all the money he had deposited so far, but One97 failed to work in the initial stages due to some reasons. This failure broke Vijayasekhar from inside. Not only this, because of its failure Vijayasekhar was also surrounded by financial troubles. It is said that when trouble comes, they leave themselves as well, something similar happened to them as well, the partners who were with them at this time left One97.
At this time Vijay Shekhar was struggling with a lot of financial difficulties. Even sometimes they did not have any money to say anything and they were left drinking tea all day.
But even in these difficult circumstances, Vijay Shekhar did not give up his courage and kept working hard and determined.
It is not said that when a person works hard, success comes after Jakmar, something similar happened with Vijay Shekhar. After a lot of hard work, the companies that made their services to GSM and CDMA mobile operators started working and not only that the company also started benefiting.
Now a new idea in the mind of Vijay Shekhar started building his house. Actually the thing was that the smartphone had made a new move in the market and soon it had made an important place in the life of the people.In view of the demand of time and the popularity of the smartphone, the idea of ​​cashless transaction was born in Vijay Shekhar’s mind. took.
He first placed a proposal related to One97’s board. But since it was the early phase of One97, the board members refused to take any risk.
After the board refused, Vijay Shekhar started working on it another way. For this, he started to invest 1% of his personal equity which was around $ 2 Mn, and with the help of his efforts, he founded Paytm in 2001.
Initially Paytm was used to recharge mobile or recharge DTH etc. Gradually, more features were added to it, with the help of which electricity bill, gas bill, train ticket, bus ticket etc. became available. As the company became popular among the people, new features were added to it. Shopping facility was also made available on Paytm.
In today’s era, Paytm has become popular among everyone. Since the demonetisation and ever since the Prime Minister started the campaign of cashless India, the use of Glanjou has increased among people. Not only this, Paytm has emerged as India’s most popular online payment site. The main reason is the service provided by this company. This company is serving all the states of India.
The total business of this company has reached Rs 15,000 crore, which indicates the success of Vijay Shekhar. This is why his success story does not stop. He was selected as ‘India’s Hottest Business Leader under 40’ by Economic Times.
This story of Vijay Shekhar is a source of inspiration for every person who is determined to do anything on the strength of their hard work. Not only this, this story is a new ray of hope for those who have lost their difficulties.
Every person should be inspired by Vijay Shekhar and instead of giving up from the difficulties in life, should try to learn from it and keep moving forward.