Vijay Shekhar Sharma, founder of Paytm. 0 claps +0 . The billion-dollar company owner Vijay Shekhar Sharma has a very interesting story when it comes to going from rupees 10 in the pocket to a little over dollar 3 million in the marketplace in the year 2016. He completed his schooling at a young age of 14 from a Hindi medium school therefore it was difficult for him to write and read English. Vijay Shekhar Sharma With Narendra Modi With a net worth of around $1.3 billion, Sharma was the youngest Indian billionaire (1567th position overall) on the Forbes 2017 list of billionaires. The leading mobile payments company is benefiting from rapid demonetization in India. Among the nation’s 100 richest, 11 saw their wealth jump by $1 billion or more. Vijay Shekhar Sharma was born in a small town of Uttar Pradesh name Aligarh. • He joined Paytm as a consultant in June 2017. Vijay shekhar sharma story and Introduction. The team work paid off. Paytm Founder and CEO Vijay Shekhar Sharma said, initially, the plan was to get the new recruits to join the larger offices whenever the situation would have eased. However, while pursuing an engineering course at the Delhi Engineering College (now DTU), he became the butt of jokes in his class because of his “poor English”. Today, the 38-year-old is valued at $1.3 billion, making him India's youngest billionaire. Paytm founder and CEO Vijay Shekhar Sharma on Monday urged the people to leave Whatsapp and use new messaging app Signal. His way of life and his organization’s principles are proof of that. Paytm founder & CEO Vijay Shekhar Sharma on Tuesday said competition in the payments space will become more mature. Vijay Shekhar Sharma wins Forbes Top 40 Under 40 Award. He … Report a problem? The idea required trust which Vijay finally won coming up on the market. 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Paytm has made a turnover of 814 center rupees. Expressing support for data localisation, Paytm founder Vijay Shekhar Sharma on Tuesday said data generated in India should be processed within the country. When Forbes named Vijay Shekar Sharma as the youngest billionaire of India in 2017, the net worth of his company PayTM was $2.1 billion. Son of a schoolteacher from a small city in north India, Vijay Shekhar Sharma founded fast-rising mobile wallet Paytm in 2011. Despite getting some good bucks there, he left the company after only six months to start a business venture of his own. Sharma was born in Aligarh, UP in a modest family. : Yes. Vijay Shekhar Sharma Life . Paytm is doubling down on efforts to hire from smaller towns: Vijay Shekhar Sharma. The story Vijay Shekhar Sharma is very … He is also the resident DJ at One97 parties and often forcing his colleagues and teammates to listen to the music he likes and discovers. Vijay Shekhar Sharma owns a company whose current value is a little over $3 billion in the market in 2016, a dream dreamt when he was struggling to make ends meet with Rs 10 in pocket. BUT he was not born rich !! After graduating from college, Sharma joined an MNC. India Today Magazine placed him at #18 on “India’s 50 Most powerful people of 2017” list. Talking on the 15th India Digital Summit, Sharma mentioned there is nothing that stops companies from processing recordsdata in India. All Rights Reserved. When he was a 12-year-old kid who used to sport a chappal and visit his school, his … Vijay Shekhar has 5 jobs listed on their profile. L'oracolo di Omaha potrebbe presto avere il suo primo socio in affari in India. Monday, February 1, 2021. Shekhar Sharma Actor Mumbai. Although there have been calls to boycott all things Chinese, such hot-headed rhetoric overlooks the fact that Chinese companies and their products are deeply embedded in India. He is a true lover of all kinds of music and is a huge fan of Jim Morrison, Coldplay and U2. Their bromance had apparently bloomed after a twenty minute meeting that went on for two hours, culminating in Alibaba and its founder Jack Ma taking a large bite of Vijay Shekhar Sharma’s Paytm in 2015 and becoming its largest shareholder. Notably, Sharma had completed his school education completely in Hindi and thus had no exposure to the “foreign language”. Expressing support for data localisation, Paytm founder Vijay Shekhar Sharma on Tuesday said data generated in India should be processed within the country. In an interview, Shekhar revealed that he was always on the ‘extreme sides;’ as far as academics were concerned. Vijay Shekhar Sharma, the CEO of Paytm has no unique room in his office. At school, he stood among the toppers and always occupied the front seat in his class; however, at college, he was among the least scorers and always occupied the last benches during lectures. Soon, he realised that if he wanted to make it big in his career, he had to be well-acquainted with the language. Vijay Shekhar Sharma was recognised as the Entrepreneur of the Year at The Entrepreneur’s Moneytech Awards 2017. Paytm’s daily transactions have tripled to 8 million since demonetization was announced in November 2016. Vijay Shekhar Sharma, founder and chief executive officer of Paytm parent One97 Communications. As of May 2017, Paytm’s valuation is estimated at $7 billion. When India demonetized 86% of the country's paper currency at the end of 2016, Paytm founder Vijay Shekhar Sharma cashed in big time with his Alibaba-backed commerce platform. All Rights Reserved, Paytm is an acronym for "pay through mobile.". • He is the first Judge of … Vijay Shekhar Sharma Net Worth 2020. Sharma dreams of starting a band that sings in Sanskrit, a language he studied in school. Increasingly, fintechs are taking a global stance. Paytm’s 38-year-old CEO Vijay Shekhar Sharma is getting rich leveraging his digital payment platform to take advantage of India’s demonetization. Shekhar Sharma. Vijay Shekhar plans to build a lavish house on 6,000 square feet property of Lutyens’ Delhi. Vijay Shekhar Sharma is a basic and a practical individual. Vijay Shekhar Sharma (born 1978) is an Indian billionaire businessman and also one of the richest entrepreneurs of India with a net worth of $2.3 billion.He was in the list of Time Magazine‘s 100 most influential people in 2017.He is the founder of Paytm.The valuation of Paytm is 16 billion USD.. Shekhar Sharma. Notably, Jack Ma led Alibaba group is the biggest investor in Paytm. : Not Known, Does Vijay Shekhar Sharma drink alcohol? Vijay Shekhar Sharma Founder - One97 & Paytm New Delhi. Speaking at the IAMAI India Digital Summit 2021, Vijay Shekhar Sharma also argued that all data of Indian citizens should be stored within the country. Hence, with the aid of Hindi-to-English translation books and second-hand magazines, Shekhar’s quest to learn the language began. One97; however, was initially planned to target three areas of internet- Content, Commerce, and Advertising. 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Mumbai: US-based Big Tech firms must stop treating India like a “Third-World market" as the country is the largest consumer base for most internet companies, said Paytm chief executive Vijay Shekhar Sharma . Despite Flipkart's sale to Walmart for a whopping $16 billion, there's a huge opportunity gap in India's startup ecosystem. Berkshire Hathaway has invested an undisclosed sum in Indian digital payments firm Paytm, which reportedly marks Buffett’s first deal in the country. As a result, he, along with his friends, made a unique content management system, which went on to be utilised by some of the biggest news publications in the country; including ‘The Indian Express’. Vijay Shekhar Sharma was born in a middle class family in Aligarh. © 2021 Forbes Media LLC. He makes no secret of his global ambitions. From pledging money and manufacturing might to giving away services free of charge, here’s a look at what India’s captains of industry are doing to help fight the pandemic. Vijay passed out from his school at the age of 14. The Paytm crew: “We are raising a lot of money on the e-commerce side,” says founder Vijay Shekhar Sharma (left); VP Amit Sinha (center) and CFO Madhur Deora. Why Does India Have One Wary Eye On Investments From China? BY HARICHANDAN ARAKALI Samsung Electronics sells its phones through about 150,000 authorized shops in India. Vijay Shekhar Sharma was born on 8th July 1978 in the city of Aligarh in Uttar Pradesh, India. Life has been really busy for Vijay Sharma ever since he entered college. Shekhar Sharma Steel Pipes & Tubes West Delhi. As on date, Sharma’s current net worth is assessed to be $2.7 Billion. Son of a schoolteacher from a small city in north India, Vijay Shekhar Sharma founded fast-rising mobile wallet Paytm in 2011. Vijay Shekhar Sharma’s Stance Against Google. He was a very bright student because his father was a school teacher and has some high values when it comes to education. With a net worth of around $1.3 billion, Sharma was the youngest Indian billionaire (1567th position overall) on the Forbes 2017 list of billionaires. © 2021 Forbes Media LLC. One of the biggest beneficiaries of India's 2016 demonetization, Paytm has notched up 400 million users and 25 million transactions daily. Since last year, the top 100 eked out only a 2.7% gain in their combined wealth to $492 billion. He passed secondary school at a very young age of 14 as he was very smart and started college at Delhi College of Engineering at the age of 16 from where he passed out at the age of 19. Owing to the demonetisation of ₹500 and ₹1000 currency notes; Paytm’s traffic increased by 435%, app downloads grew 200%, and a 250% rise in overall transactions and transaction value was seen at the end of November (2016). A “payment ecosystem” was integrated later and thus was born Paytm (Pay Through Mobile), which popularised the trend of mobile wallets in India. Sharma has also created Paytm Mall, an e-commerce business and the Paytm Payments Bank. He started his schooling in the local “Secondary school”. — Vijay Shekhar Sharma (@vijayshekhar) January 11, 2021. The unscheduled telecast featured the Prime Minister of India on 8th November 2016 was the biggest blow to Indian citizens to counter black money post Independence. Today the four, Vijay, Alibaba, Alipay and SAIF own million-dollar company. Despite a rout in the rupee that practically wiped out the Indian stock market’s 14% rise from a year ago, tycoons on the 2018 Forbes India Rich List saw a modest gain in their combined wealth to US$492 billion. Related by origin of wealth: financial technology, India’s Anti-China Wave Sparks Uncertainty And Fears Of Large-Scale Job Losses. Vijay Shekhar Sharma- Overcoming the tough circumstances . The fortunes of India’s 100 richest soared to a combined $479 billion -- despite economic hiccups. While Paytm has not zeroed down on a specific model, about 20-25% of its staff could continue to work remotely even after the Covid-19 pandemic eases, founder Vijay Shekhar Sharma says. Shekhar Sharma. Berkshire Hathaway's strategic investment in Paytm signals a coming of age of India's e-commerce success story, as its unique business models, supply chain strategies and market insights attract global capital. In one of its advertisements, Paytm had allegedly used PM, Big Chill, The Great Kabab Factory, Dakshin, Owns a 6,000-sq-ft piece of land worth ₹82 crore in central Delhi’s Golf Links, Does Vijay Shekhar Sharma smoke? As a founder of the largest mobile Paytm network, he successfully created the Paytm Mall along with the e-commerce business from the … Close to half are poorer, six of them by $1 billion or more. Shekhar Sharma Facility Management at JLL Pune. About Paytm • CEO – Vijay Shekhar Sharma • HQ – Noida, Uttar Pradesh (UP) Justice Rajnesh Oswal sworn in as permanent Judge of High Court of J&K, Ladakh under Indian Constitution • Justice Rajnesh Oswal was sworn in as a permanent Judge of the common High Court of Jammu & Kashmir and Ladakh. Sharma cites Alibaba's founder Jack Ma and Masayoshi Son of Softbank as his inspirations. And Paytm Mall, through a collaboration with Samsung that started [...]. Vijay has seen the tough life of the economically backward section of the country. A child prodigy of sorts, Sharma was only 14-years old when he passed his higher secondary education. 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A few years later, Shekhar began one97 communications, the parent company of Paytm. It is worth noting that Sharma's Paytm is a competitor to WhatsApp, which recently received permission to restart its UPI payments rollout. The small town boy from Aligarh went from rag to riches and is the founder of the most trusted Technology brand in India that has changed the digital scenario over the years … India’s Industry Leaders Step Up With Donations And Free Services Amid Sweeping COVID-19 Lockdown, Bachelor of Science in Engineering, Delhi University. View Vijay Shekhar Sharma’s profile on LinkedIn, the world’s largest professional community. Today, I sat down with Harinder Takhar, the CEO of Paytm Labs Inc., and former CEO of Paytm India to explore this trend. Sharma posted a tweet slamming WhatsApp and Facebook and accused both of them of abusing monopoly. Sharma has recently invested in startups such as edtech outfit Unacademy and co-working space provider Innov8. Shekhar Sharma. The story of Vijay Shekhar Sharma proves how passion and hard work can bring you to endless opportunities in life. He was one of the exceptional and excellent students. See the complete profile on LinkedIn and discover Vijay Shekhar’s connections and jobs at similar companies. Vijay Shekhar Sharma belongs from a middle-class family. Although he is not fond of wearing a watch, Sharma, in an interview, said that he would buy a “Rolex;” once the valuation of his company reaches $10 billion. India's recent amendment to its foreign direct investment policy is a move widely considered to be an effort to rein in any potential takeovers from China. PTI; December 23, 2020, 16:42 IST Sharma made a splash in August 2018 by getting Warren Buffett's Berkshire Hathaway to invest $300 million in Paytm. Vijay Shekhar Sharma. Vijay Shekhar Sharma was announced Data Quest IT Person of the Year. Vijay Shekhar Sharma • Vijay Shekhar Sharma is an Indian entrepreneur and founder of Paytm. The digital entrepreneur who holds 16 percent … The Paytm founder, speaking at the launch of Paytm Money’s future and options services, urged Indian entrepreneurs to call out big tech giants and “make them aware” of any alleged enforcement policies. Inspired by Sabeer Bhatia, the founder of Yahoo, Sharma made internet his playground and began bunking his college lectures to develop something innovative. Vijay Shekhar Sharma was named to the 2017 Time 100 List of Most Influential People in the World. Interestingly, Prime Minister Narendra Modi and Paytm Founder Vijay Shekhar Sharma were the only two Indians, who made it to the list of “Time’s 100 most influential people in the world” list. His first business project; however, saw a plethora of obstacles because of his business partners, who reportedly conned off 40% of the ₹8 Lakhs that he had raised via the first round of funding in 2005. And co-working space provider Innov8 fast-rising mobile wallet Paytm in 2011 down efforts... 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