Friday, May 24

Man behind the huge success of Paytm – Vijay Sekhar Sharma

The Journey of Vijay Shekhar Sharma – Founder of Paytm

The Man behind the huge success of Paytm – Vijay Shekhar Sharma, the founder of Paytm, was born on July 8, 1978 in Aligarh, Uttar Pradesh, India.

Vijay Shekhar Sharma founded a company called XS Communications that provides content services to mobile users. However, things did not go as planned due to legal difficulties and other issues.

There were many gaps in India in 2007 – the gap of Internet users, the gap of devices such as laptops and smartphones, and the delivery and payment gap. As investors, we can make decisions and use logic to forecast the market. But businessmen are like Argonauts sailing in a sea of ​​fog. Every day they must maintain their faith and go in search of lands they cannot find. They failed at work.

They need to take advantage of every tailwind to gain speed. They explode like a rocket at the “right” moment, and many people mistake them for risks. In November 2006, a manager of the finance team at the Big Four accounting firm asked us to meet a young entrepreneur named Vijay Shekhar Sharma. Vijay runs a company called One97 from an office in Nehru Place, a business district in south Delhi. he launched One97 Communications in 2000. The banker and Vijay have a friend in engineering school who gets a lot more attention than regular jobs.

How is Vijay Shekhar Sharma from PayTM going after his dream?

Founder of One97 and PayTM, he founded his first company while in college. In 1995-96, Magic happens in the valley. There’s the Internet, there’s Yahoo, Netscape, Mark Anderson, Jerry Yang. There is a widespread belief in Silicon Valley that big companies can be started by people without a degree. This gave Vijay hope: Even if he didn’t finish college, he could still do things like start an internet company. And instead of waiting for the final exam, Vijay and a friend started a business while in college.

They named it the XS Legion. XS Corps created a content management website. Vijay has a business card: 37 East Gate K, New Delhi. Hotel East means room number.37. Kashmir Gate. The office number is the DCE computer number and the home phone number is the hotel number. They need a pager. But this is expensive. So they befriended a nearby store owner and used his phone number as the office number on their business card. When someone calls, a friend at the store will say that Vijay is out or in a meeting and then write it on his phone number. Vijay will call later

Vijay observed that the company has posted several job postings for employees who can work on content management systems and related technologies. He went to this interview and said, “I’m not here for this job. But I have a company that will do the job for you.

Paytm started as a mobile phone and bill payment service and has gradually expanded into a variety of services including digital wallets, online shopping, flight booking, financial services, and more. Over the years, Paytm has grown into one of India’s largest and most successful fintech companies, providing a variety of services to millions of users.

Paytm’s billionaire founder will face a major test of investor confidence when shareholders will decide whether they want him to lead the fintech industry pioneer that has suffered one of the worst crashes in history.

Sharma said in an interview that Paytm will be India’s first internet company to reach $1 billion in annual revenue, and promised to return to profit from growth.

In short, Vijay Shekhar Sharma had an entrepreneurial streak before making Paytm the successful company it is today.

 

Also Read: Paytm Share Price: ₹5000 करोड़ की डील वो भी बिना कैश के…कैसे?

Also read: JioPhone 5G May Launch This Month: Know Launch Date, Price, Specifications & Other Expected Details

 

 

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