Vijay Shekhar Sharma
Vijay Shekhar Sharma is an Indian billionaire. He is a businessman. He is the CEO of Paytm. According to Forbes, he was ranked the youngest billionaire with a net worth of $1.3 billion. According to Times Magazine, he is one of the world’s 100 most influential people. Yash Bharati is the highest civilian honor received by Vijay Shekhar. It was given by the government of Uttar Pradesh. In the year 2020, he ranked as the 62nd richest person in India with a net worth of US$2.35 billion, according to the calculation of Forbes.
Beginning of life
Vijay Shekhar was born into a Brahmin family in the state of Uttar Pradesh named Aligarh on date 7, 1978. His father’s name is Sulom Prakash. He was a school teacher. His mother’s name is Asha Sharma. She is a homemaker.
He had done his bachelor’s degree in electronics and communication engineering. He has done his degree from Delhi College of Engineering, which is Delhi Technological University. Vijay did his school from a Hindi medium school named Harduganj. This is a small town which is near to Aligarh.
He said about himself how he learns English: “I thought myself English by memorizing the English rock songs and reading the books”.
Family
In the year 2005, he married Maridula Sharma. They are proud parents of a son named Vivaan Sharma.
The career of Vijay’s
In the year 1997, he started his website name indiasite.net. He sold this website for $1 million a year later.
In the year 2000, he started one97communication, which help to find news, cricket score, and exam results. You can say one97 is the parent company of Paytm. This is launched by Vijay Shekhar Sharma in the year 2010.
Through Paytm, 25 million tractions proceed daily with 400 million users of this app. In the year 2018, he got 300 million dollars which are invested by Berkshire Hathaway’s Warren Buffet.
Awards and recognition received by Vijay Shekhar Sharma
In the year 2017, he was recognized as the youngest billionaire in India. His net worth at that time was $1.3 billion. He also ranked as #1567 according to Forbes.
- He was also listed by Time magazine as one of the 100 most influential people in India.
- In the year 2016, he was awarded by the Economic Times as ET entrepreneur of the year.
- In the year 2017, he became IT man of the year as Dataquest.
- In the year 2016, he received his doctorate from Amity University, Gurgaon.
How did Vijay handle the hurdle?
He accepts that the English language is necessary and has hurdles in his personal growth. So he decides first to learn English by himself. He took help from his friends. They went to the library and start reading books and magazines for hours daily. He also starts to learn rock songs these songs help to increase his communication skill.
During his college days, he also wanted to work with computers present in Silicon Valley. He also built his own start-up, XS Communication. These content management systems are used by many publications, like the Indian Express.
During his college days, he was not worried about his job placement because he had started his company name, XS. He learns software coding on his own.
He faced a tough time in the year 2005 when he took a hefty loan of about Rs. 8 lakh. When things went smoothly, he partnered with one97 communication. This company’s product was Paytm. This product changes the face value of one97 Communication. His registered users are 110 million.
Demonetization
The traffic of the company drastically increased and downloads also increased during that period when India changed as become a digital platform.
India’s first digital bank
Vijay Shekhar Sharma company Paytm became a licensed payment bank and got permission from the Reserve Bank of India in the year 2015.
According to research, this company has a 700% hike in traffic and companies have become high-value currency notes by our Prime Minister Narendra Modi. This boosts the value of money in the online platform.
Inspiration for the young generation
Vijay Shekhar Sharma proved that anything and everything can be achieved through full dedication and hard work. If one has a dream, one should work upon the dream and challenge oneself to achieve success.
