Vijay Shekhar Sharma

Submitted To: Submitted By:

Mansi Shah
Vicky Thakkar
Tushar Upadhyay
Subject: OB Deepesh Yadav
Dhruvi Shah

Group 5

SOMLALIT INSTITUTE OF BUSINESS MANAGMENT

 Introduction

 Vijay Shekhar Sharma is an Indian entrepreneur who is the founder of mobile

payment company Paytm which stands for pay through mobile.

 He is a self taught programmer, a child prodigy who had graduated as an

engineer by the time, an entrepreneur in college and now the founder of one of
India's most renowned and valuable fintech startup.

 His current net worth as per July, 2018 is $1.7 Billion.

 Early life and background

 He was born in Aligarh, Uttar Pradesh in a modest family.

 He used to spend most of his time in school computer center & dreamt of
becoming Sabeer Bhatia, founder of Hotmail.
 He did his college at Delhi College of Engineering now known as Delhi
Technological University.
 In 1997,while in college, he started the website Indiasite.net and sold it two
years later for $1million.
 In 2001,he started one97 Communications which offered mobile content like
news, cricket scores, ringtones, jokes and exam results. One97 now is Paytm's
parent company.
 Language Barrier and Failures

 Mr. Sharma was very weak in English as he completed his school education
completely in Hindi medium from his small town.
 Owning to his poor English proficiency, Mr. Sharma couldn't sit for The IIT
entrance and other competitive exams.
 Due to his English proficiency, he could hardly understand what was taught
in the class in Delhi Technical University..
 While trying to set up One97, Mr. Sharma once ended up with a loan of Rs.
8 Lakhs.
Overcoming the failures

 His language barrier led him to spend a lot of time in the computer room,
browsing the internet and dreaming about being in silicone valley, the mecca
for worldwide innovation.
 With the help of books, second hand magazines and is friends, he mastered
the language in a way which few can.
 Career Journey
 Prior to founding One97 communications, Mr. Sharma played a key roles in
organizations such as Riverrun Software Services Group Ltd., Inter solution
software Pvt. Ltd., Startec Global communications Ltd.

 After founding One97 communications Ltd-parent company of Paytm in 2000 ,he

served as its chairman, managing director, investment adviser and CEO.
Leadership traits
 Dynamic, Creative and Innovative
 Resilient and Courageous
 Always looks for decisiveness
 Focused, Strategic planner and humble
 Patient, Initiator and Accountability
 Good communicator and Inspirer.
 Company profile

 Vijay Shekhar Sharma founded Paytm under

the name One97 communication in 2010 as a
prepaid mobile recharge website.
 It is headquartered in Noida and in 2014 it
earned e-commerce market providing products
and facilities similar to Flipkart and Amazon.
 In 2015 it added booking bus travel.
 Initially it was focused on mobile and DTH
recharging.
 Current Position

 Paytm is India's largest mobile commerce platform.

 Currently it is India's fastest growing consumer interest brand.
 Mr. Sharma's Paytm currently has 300 million registered users as on July 2018,
18 crore wallet users, 250 crore annual transactions.
 Currently he owns 16% of Paytm, which is now valued at $9.4 Billion.
 He has also created Paytm Mall, E-commerce business and Paytm payments
Bank.
 Strategic moves

 Mr. Sharma's company has planned to introduce more features with respect to
this offering in coming years, while looking to reward and encourage its users
based to transect digitally.
 Different product lines of Paytm like online recharge, online retail product, Paytm
wallet etc. are also his strategic moves to strengthen the company's place in
Indian economy.
 Attractive deals, effective promotional advertisements and cashback policies are
also his company's flagship strategic moves.
 Success Story

 Paytm has got extreme high brand awareness across India.

 Paytm has launched it's application for mutual fund investments in Sept. 2018.
 One97 communication Ltd has partnered Alibaba to launch artificial intelligence
based cloud computing platform “Paytm Al Cloud for India” for developerrs,
startups and enterprises.
 Awards and Recognition
 “CEO of the year” by the SABRE awards,
2015.
 The Economic Times, Entrepreneur of the
year, 2016.
 India Today magazine ranked him 18th in
India's 50 most powerful people of 2017.
 GQ India named him among the 50 most
influential young Indians for 2017.
 India's youngest billionaire in 2017 by The
Forbes with net worth of $1.7 billion dollars.
 Vision

 After overcoming his language barrier, while he was in college, he created a

company that included a search engine and sold it for $1 million after 2 years.
 He visioned to make something better and in 2010 he launched Paytm, an online
payment platform.
 Looking forward to a cashless India, Mr. Sharma's dream is to bring half a billion
Indians to the mainstream economy.
 His dream is to build $100 billion's worth firm, a company that would make the
nation proud.
Future Targets

 Targets to sell mutual fund to around 25 million people in the next 3 to 5 years.
 To join hands with Google for future retail stakes.
 Target to offer enterprise messaging solution in partnership with DingTalk.
 Conclusion

• Vijay has always sided with the unconventional at each step.

• He has created unprecedented business milestones using his sharp and quick
decision making skills.
• Vijay is also credited by the telecom industry for putting together the most
entrepreneurial, agile and incisive leadership team in One97.
• The company that was born out of one man’s passion has managed to build
unparalleled nation-wide telecom infrastructure and delivery capability and is
recognized as a pioneer in the field of telecom innovation.
• Vijay is a perfect example of a modern day leader who fought is way up and
plans to stay there amongst the best.
Reference

https://myventure.in/5-life-lessons-we-can-learn-from-vijay-shekhar-the-founder-of-
paytm/
https://blog.paytm.com/the-inspiring-journey-of-paytm-founder-vijay-shekhar-
sharma-2f9707c9e8c7
https://www.briantracy.com/blog/leadership-success/the-seven-leadership-qualities-
of-great-leaders-strategic-planning/
https://www.livemint.com/Companies/CGRK0GQdPQfbkQBRX3vjtM/Sense-of-
purpose-key-to-be-a-successful-entrepreneur.html
https://economictimes.indiatimes.com/small-biz/hr-
leadership/leadership/decisiveness-a-key-attribute-vijay-shekhar-sharma-
paytm/articleshow/53608849.cms