New Delhi. At the age of 27, Vijay Shekhar Sharma was earning 10 thousand rupees a month. Seeing that salary, even their marriage was getting difficult. He says, “In 2004-05, my father said that I should close my company and if someone gives 30 thousand rupees a month, then take a job.” In 2010, Sharma founded Paytm, whose IPO opened at $ 2.5 billion.
Vijay Shekhar Sharma is an Engineer. In 2004, he used to sell mobile content through a small company of his. He says that when the girl’s people came to know about their income, they used to deny it. He says, “When the girls came to know that I earn ten thousand rupees a month, they would not talk again. I had become the unworthy bachelor of my family.”
$2.5 trillion company
Last week, 43-year-old Sharma’s company Paytm raised $ 2.5 billion, or about Rs 1.34 trillion, through an initial public offering (IPO). Finance-tech company Paytm has now become one of the most famous companies in India and also an inspiration for new industrialists.
Know how difficult the journey has been
Vijay Shekhar Sharma was born in Aligarh district of Uttar Pradesh. His father was a school teacher and mother was a housewife. Vijay Shekhar did his early studies from a English medium school in Harduaganj, a small town in Aligarh. After which he obtained the degree of Bachelor of Engineering from Delhi College of Engineering. The name of Vijay Shekhar Sharma, who came out of a small village in Aligarh, comes in the list of billionaires of the force today.
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Vijay Shekhar had created a website named indiasite.net during his engineering studies in 1997, and sold it for lakhs of rupees. After which he established one97 communication ltd in the year 2000. In which news like cricket match score, jokes, ringtone and exam results were told. This one97 communication ltd is the parent company of Paytm.
Sharma, the son of a school teacher father and homemaker mother, hails from a small town in Uttar Pradesh. In 2017, he became India’s youngest billionaire.
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He says that for a long time his parents did not know what their son was doing. He says, “Once my mother read about my property in a English newspaper and asked me if you really have that much money.” Forbes magazine has estimated the wealth of Vijay Shekhar Sharma at $ 2.4 billion, or about 1.25 trillion rupees in Indian rupees.
Demonetisation opened luck
Paytm started a decade ago. Then it was only a mobile recharge company. But when Uber made this company its payment partner in India, Paytm’s fortunes changed. But the dice turned for Paytm in 2016 when India suddenly one day banned large notes and promoted digital payments.
Tags: business news in hindi, IPO, Paytm, Paytm’s Vijay Shekhar Sharma, Success Story