Name : varun kumar jayanti

Course : b. Com (p)

Section : a
Roll-no : 5531
Subject : entrepreneurship
 Project
On
Vijay shekhar Sharma
VIJAY SHEKHAR
SHARMA (PAYTM)
CEO and founder of paytm

Vijay shekhar Sharma ( born 1978) is an Indian billionaire businessman . He is

the founder of financial technology company paytm. Sharma was ranked as
India’s youngest billionaire in 2017 by Forbes with a net worth of $ 2.1 billion.
He was in the list of time magazines 100 most influential person in 2017.
PERSONAL LIFE
Vijay shekhar Sharma is the son of a simple school teacher .

He is married with, one child, and lives in Delhi, India.

Vijay began his college life at the age of just 15 years and graduate as
an engineer at 19 years old.

He was doing his college studies when he started a website Indiaside.

Net and later sold on it $ 1 million within a few years.

EDUCATION AND CAREER

Sharma has a bachelor’s degree in electronics and communication

engineering from Delhi college of Engineering ( now DTU) in 1997.

While in college he, started the website indiaside. Net , and sold it two
years later for $ 1 million .

In 2000, he started one97 communications which offered including

news, cricket scores, ringtones, jokes, and exam results.

One97 communications is the parent company of paytm which is

launched in 2010

In 2017, Sharma appeared in Forbes world billionaires list, the

Youngest Indian on the list .

He cites Alibaba's founder Jack ma and Masayoshi Son of Softbank as

his inspiration.
 Awards and recognition

 CEO of the year by the SABRE Awards 2015

 “Most coveted ‘India’s innovative CEO” Award 2015
 The Economics Times, Entrepreneur of the year 2016.
 The exchange4media group, Impact person of the
year, 2016
 Honorary doctorate, Amity university Gurgaon, 2016
 India Today 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.
JOURNEY OF VIJAY SHEKHAR
SHARMA'S PAYTM
From being a small – town boy from Aligarh who bought second hand tech
magazines to the founder of one of the India’s most trusted technology
brands, Vijay shekhar Sharma has came a long way.

1. A start up in college :
While most of young and bright engineering graduate were excited about the
prospect to being placed, Vijay had built his first company ‘XS
Communication ‘, a college based start up that created content management
systems. By then, he had learnt to code all by himself and had designed a
content management systems that was being used by several major
publication including the Indian express.

2. No one to fund :

In 2005 , he had raised a hefty amount of Rs. 8 lakhs through his venture of
which he was conned 40%. He was devastated.
Things took to a better turn when he began one97, the parent company of
paytm. They started experimenting with the three basic of Internet- content,
advertising and commerce. But the big Eureka moment came in 2011 when
he first pitched the idea of entering into the payment ecosystem in front of
his board . The board was not convinced, as he was taking about betting
the company’s money on a non – existing market.

3. Paytm – A big bet :

While India’s Telecom was improving in 2010 , Vijay’s investors was not
confidence about the idea of a mobile first consumer service that would cater
to the masses. So he puts 1% of his equity which, was about $ 2mn at
stake to finally launch the brand .
And with this, belief that the first avatar of paytm , pay through mobile, was
born, going rapidly onto becoming the next big thing of start up ecosystem
in India. And, since then it was never looking back.
The secret behind this steep arch is the trust he built with his customers
which none other gave as much value to before.
Even before Vijay’s began the roll out his internet wallet services, he first
built a strong 24×7 customer care services to address the worries of
customers to enable them to trust the wallet enough to put their money into
the hands of the unknown.
30% of the company’s budget is invested in building trust with the customers.