This employee fired over bizarre reason, rehired after public backlash, check story here…
Jr NTR's Devara makers cut 7-minute scene just 3 days before release due to...
MUDA case: Siddaramaiah refuses to resign as Karnataka CM, says, 'will not...'
Mpox outbreak: Kerala confirms 2nd monkeypox case, man had returned to Ernakulam from...
Another big move by Gautam Adani, his company set to buy stake in...
Railway Minister Ashwini Vaishnaw announces special trains for upcoming festive season
Bhool Bhulaiyaa 3 teaser has Rooh Baba fighting Manjulika, Kartik Aaryan up against Vidya Balan
West Indies legend Dwayne Bravo announces retirement from...
Weather update: IMD issues heavy rainfall warning in 17 states for next three days, check details
In this Indian state, grooms are sent away to their brides' house after marriage, it is...
Malayalam actor Siddique's whereabouts unknown, police intensify search, issue lookout notice
Watch Virat Kohli's gesture when Kanpur ground staff touches his feet, here's viral video
The Big Billion Days Sale 2024: Check dates, offers, best deals on electronics, home appliances
Paracetamol among 53 drugs to fail quality control test: What are the alternatives you can adopt?
Big blow to CSK as Dwayne Bravo part ways, joins this team as...
30-year-old woman collapses at work, dies after manager denies..., company says...
After US, France, UK backs India's bid for permanent UNSC seat
Big blow for BJP as Sunil Jakhar resigns as Punjab chief ahead of Panchayat elections: Report
Bad news for Jr NTR fans, Devara Part 2 has a big update
Husky joins morning aarti, takes social media by storm, internet calls it...; watch viral video
Meet man, an Indian who wanted to become cricketer, now earns Rs 5 crore daily, is married to...
Meet man, who spent over 50 years in jail for murder he never committed, is now set to be...
Earth's 'mini-moon' to be visible from..., here's how you can watch it
PM Modi launches 3 Param Rudra supercomputers: Know features, how these will help India
Salman Khan flaunts his Sikandar biceps, gives glimpse into his fitness regime in viral pic
Virat Kohli needs only 35 runs to break star India cricketer Sachin Tendulkar's world record of...
Mukesh Ambani's Reliance Jio to get tough competition from BSNL as government...
Pakistani actor Darpan, whose brother Santosh was a superstar, reigned the romantic age
Indian mountaineers name peak in Arunachal Pradesh after 6th Dalai Lama, China responds
Anil Ambani rises again, Reliance Group companies becoming debt free, his net worth is...
Meet IAS officer, who can't speak or listen, still aced UPSC in his first attempt with AIR...
Meet man, who leads Rs 7781 crore company, close relative of Mukesh Ambani, has net worth of...
When Nita Ambani shared who she’d date if not her husband, Mukesh Ambani’s response was...
Kanpur weather forecast, India vs Bangladesh 2nd Test: Will rain play spoilsport on Day 1?
Zelenskyy meets Joe Biden, Kamala Harris, discusses Ukraine's 'victory plan'
Meet man, son of closest advisor of Mukesh Ambani’s father, who works in Reliance as…
Grandmaster Gukesh Dommaraju gets Mercedes Benz E-Class as gift, it costs Rs…
Flipkart Big Billion Days: Apple iPhone 15 is available for just Rs....; check how to grab new offer
DNA TV Show: As gold prices hit all-time high, should we invest in yellow metal or shares?
'Why pick up BCCI, settle with them only': SC asks Byju's on Rs 15000 crore debt
NASA’s rover discovers unusual 'Zebra-stripped' rock on...
Mpox outbreak: Centre issues advisory to prevent spread of virus, says, 'minimize risk of...'
Ratan Tata's company inks Rs 91000 crore pact with Taiwan firm to build India's first...
Mukesh Ambani's Reliance teams up with Swedish company, will now sell...
After reducing debt, Anil Ambani's Reliance Infra to now take major decision on...
Good news for these workers, ahead of festive season, Centre increases...
Mukesh Ambani's children, Isha, Akash Ambani shine in Hurun India's list of...
Virat Kohli doesn't want Rishabh Pant in RCB? DC captain lambasts rumors ahead of IPL 2025 auction
IND vs BAN, 2nd Test Dream11 prediction: Fantasy cricket tips for India vs Bangladesh match
Want to time travel? Here's how Google can help you revisit Earth 80 years ago
Bilkis Bano case: SC rejects Gujarat govt's plea seeking review of verdict over certain observations
Mohan Babu robbed of Rs 10 lakh cash from his Hyderabad home, police arrests domestic help
High-Precision Stamping: Key Steps To Ensure Quality And Accuracy
Expert Skincare Tips For A Festive Glow: Dr Shivani Mane’s Guide To Radiant Skin
The Evolving Job Market and Career Choices
Meet Bollywood actress who rejected Shah Rukh Khan’s Kuch Kuch Hota Hai, had her own TV series
Good news for Delhi-NCR! Namo Bharat Metro to pass from 22 stations to reach...
Bihar: 46 people, including 37 children, drown during Jivitputrika festival
Scientists find Earth-like planet in distant solar system, nearly 2 times size of...
Karnataka withdraws general consent to CBI to probe cases in state amid MUDA case row
Sarfira OTT release: When, where to watch Akshay Kumar's remake of Soorarai Pottru
BUSINESS
As of 2024, Paytm's market capitalization stands at Rs 42467 crore. Forbes included Vijay Shekhar Sharma in its 2022 list of billionaires, estimating his net worth at Rs 10078 crore
TRENDING NOW
A young man from Aligarh, who once struggled with his English in a Hindi-medium school, would one day change the way millions of Indians handle money. Vijay Shekhar Sharma’s journey from a small-town boy to a tech mogul seemed unlikely, but fate had other plans when demonetization in 2016 catapulted his digital payment app, Paytm, into the spotlight. Yet, his story doesn't end with the success of a single app—there’s much more to the man who built one of India’s largest digital payment systems.
Growing up, Sharma attended a Hindi-medium school, and the language barrier became a significant hurdle when he began his higher education at Delhi Technology University (DTU). His struggles with English led him to fail in some subjects, but his determination to succeed kept him going. With help from friends and his relentless pursuit of mastering the language, Sharma overcame his weaknesses, dreaming of making it big in the tech world.
While still a student at DTU, he launched his first business venture, a website called indiasite.net, which he later sold for $1 million. This success set the stage for what would become his greatest innovation—Paytm.
In 2010, Sharma founded Paytm under the umbrella of One97 Communications, initially offering mobile recharges and bill payments. It wasn’t until the demonetization policy in 2016 that his fortunes truly soared. With the Indian government pushing for a cashless economy, millions turned to digital wallets, and Paytm became the go-to app for transactions. This moment was a turning point, as the app gained nationwide prominence and became synonymous with digital payments in India.
The introduction of Unified Payments Interface (UPI) by the government only further solidified Paytm’s role in the digital economy. Sharma's support for Prime Minister Narendra Modi’s Digital India campaign helped catapult the platform to new heights. By 2018, Paytm attracted the attention of global investors, receiving Rs 2519 crore in funding from Warren Buffett’s Berkshire Hathaway.
Sharma's ambitions didn’t stop at digital payments. In 2019, he launched Paytm Payments Bank, aiming to provide banking services to over 500 million Indians. Despite fierce competition from Google Pay and PhonePe, Paytm remains one of the top digital payment platforms in the country. Paytm's Gross Merchandise Value (GMV) surged, reaching Rs 13.2 lakh crore in the financial year 2022-23.
As of 2024, Paytm's market capitalization stands at Rs 42467 crore. Forbes included Vijay Shekhar Sharma in its 2022 list of billionaires, estimating his net worth at Rs 10078 crore.
Vijay Shekhar is inspired by industry legends like Alibaba’s Jack Ma and Softbank’s Masayoshi Son, whose entrepreneurial paths have influenced his own. Sharma is married to Mridula Parashar, and they have one child, continuing to live by the values of hard work and resilience that have guided him since his humble beginnings.