Behind all successful people lies a difficult struggle and history. Today we are going to talk about the motivational biography of Sir Vijay Shekhar Sharma, the founder of Paytm. Who established the Paytm app to facilitate the exchange of people’s money online.
Today, Vijay Shekhar Sharma is ranked 44th in the list of India’s richest people in 2000 with his own wealth of Rs 23,000 crore. Vijay was born into a middle class family in Uttar Pradesh. Her father was a school teacher. He was very talented from a young age. He passed secondary and then passed high school and then he was admitted in Delhi Engineering College.
His English was not good enough for him to go to Hindi medium school from a young age but after college he paid special attention to English. Keeping in mind the economic condition of the house, he started the business while he was in college with his friends. Vijay launched it in 1997. They started a company called ‘Net’.
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He later sold it to an American company and started working for the same company. He worked in this company for 1 year and thought about his business again. For this he first resigned from his job and returned to the country. After coming to India in 2001, he started an organization called ‘One97’,
Which offered customers mobile connected value-added services such as test results, ringtones, cricket scores. However, his struggle started in 2011. He then went bankrupt. To restart the company, he took money from his friends’ relatives at 24% interest. Vijay thought he would do something different and he noticed the growing use of smartphones in India,
He noticed that now everyone likes to do all the work through smartphone and it benefits people. He launched an app called Paytm instead of his old company ‘One 97’. While other mobile recharge services are readily available in the market, his company started running because Paytm is much easier to use than others. Soon millions of customers were created.
He never looked back and it included an online wallet, recharge, bill payment, money transfer, booking, and many more services. Paytm now has 322 million active users and 130 million wallet users. He now owns assets worth Rs 23,000 crore. This motivational biography of Sir Vijay Shekhar Sharma and his life story is inspiring to many.