The story of the struggle and success of Paytm founder Vijay Shekhar Sharma
Hello friends, Today I want to tell you the success story of Paytm founder Vijay Shekhar Sharma. I am sure their inspirational struggle and success story will also inspire you to make some big moments in your life…Paytm Wiki
Friends, many times people are nervous by the consistent failures, due to which they also lose their future successes and then blame their own fate. But how the work change your luck, someone ask them, Yes friends, I am talking about Vijay Shekhar Sharma’s. Enthusiasm, passion and courage are some of the words from which the founder of Paytm Vijay Shekhar Sharma’s personality can be defined. Establishing a company like Paytm was not easy. Lets we know the Journey of Paytm founder Vijay Shekhar Sharma Inspirational Biography:
Paytm Founder Vijay Shekhar Sharma was from a middle class family. His mother was a housewife and his father was a very honest school teacher. Who used to teach tuition as too. Although Vijay could not get the comfort of his wealthy home, surely the rites of parents were inherited in him.
The initial education of Vijay was not found in any expensive convent school but he getting their education in a simple Hindi medium school in Vijaygarh. Vijay always used to come first in his class, and on the strength of his intellect, he passed the examination of class 12th in just 14 years.
For further studies, now had to go out of Aligarh. Vijay took admission in Delhi College of Engineering. He was found Admission but the journey ahead was not easy, because of his early education from Hindi medium, his English was very weak and for this reason he had to face many difficulties in college. Vijaya, the topper of the school, was able to pass very difficult in Engineering papers and all this was just because of not knowing good English. They started becoming desperate and he began to bunk classes … sometimes the idea of returning home came to his mind … but Vijay did not give up… They decided that he would first control the English …
After that he picked up old books and magazines from the market and started learning English with the help of his friends. For this, he adopted a unique way..He bought the Hindi and English versions of the same book and read both parallely.
The person’s greatest asset is his will and Vijay Shekhar Sharma’s the most important asset is their will power. On which they did anything by doing anything so by his hard work, he soon caught good hold of English.
Vijay Shekhar Sharma’s Interest In business
Because of not doing engineering classes, Vijay had a lot of time, In this time..They wanted to do something bigger in the field of Internet through inspiring from Yahoo founder Sabeer Bhatiya and because Yahoo was built in Stanford College Campus, So he wanted to go there and study, But due to their financial condition and lack of English knowledge this could not have been possible for them …. But one thing was possible … Vijay could learn coding by himself, following geniuses of Stanford and he did the same. He studied with books and learned coding and prepared from himself a content management system, which later from started using all the big newspapers including “The Indian Express”.
XS Named Company Launches
After this he started a company called XS in collaboration with one of his friends in the 3rd year of college. Many of them liked this business model. In 1999 Vijay Shekhar sold the XS to USA’s Lotus Interworks for $ 500,000. And they started working as a employee in the same company. But Shekhar Sharma did not like the job of others and he soon quit job. But he had tasted the business, so they could not sit quietly. His mind immediately started looking for new business ideas and after that he did.
The establishment of One97
After leaving the job, he started the company named One97 in 2001. In this company, Shekhar put all his deposits but the company did not run due to the dot com bust. Business fails to break human morally and financially. Shekhar also faced financial difficulties.
In this difficult time, both of their partners also left One97. They was lives in a cheap hostel near Kashmiri gate in New Delhi. At one time it came when they used to travel on foot just to save money.
But say -
Those who try do not lose …
Vijay’s efforts started something good and his company was providing innovative services to GSM and CDMA mobile operators. Gradually
his company started to return to the track and earn profits. Vijay Shekhar Sharma was specializes in catching the pulse of time. Smartphones were becoming very popular in the market and suddenly was the idea of a cashless transaction in their mind. They placed a proposal to interchange the payment ecosystem in front of the Board of One97. Since this was a non-existent market and the company was already running well, no one was ready to raise the risk.
In such a case, they could start a company separately with their ideas, but they did not do so. They said that –
“If there were any other entrepreneur, he would start a company by selling his own equity. But my desire is to make a 100 year old company. I believe men and boys are different because the boys sell the company in one stroke. Men runs the company and build the heritage”.
Vijay placed 1% of his personal equity, close to $ 2 million, put his front for his new idea and established Paytm.com in 2001. In the initial stages, he was offering its services in the form of DTH recharge and prepaid mobile recharge. Then Paytm gradually started increasing its services. First electricity bill, gas bill payment facility and then Paytm started selling goods like other e-commerce companies and the recent note ban in 2016, made a lottery work for PayTM and PayTM became a necessity of billions of people.
At present, Paytm is providing prepaid mobile recharge, data card recharge, postpaid mobile recharge, bill payment etc. in all the states of India. Today Paytm is India’s most popular online payment site and its total turnover is close to 15,000 crore rupees.
Economic Times chose Vijay Shekhar Sharma as “India’s Hottest Business Leader under 40” Vijay Shekhar Sharma is ideal for every Indian who wants to become something from his hard work as it is the story of the person who saw the dream of million dollar company when there was no more than 10 rupees in his pocket for eating food.
I would like to finish this inspirational story with his words –
“There is no fun in doing it, which other people ask you to do, the real fun is in doing it, the people who say you can not do”.
Let’s like Vijay Shekhar Sharma, let us also realise our dreams and do so much in our life that those who say – “You can not do anything” his speech should stop forever!