Research Study on a Star

Entrepreneur

Shaik Nehaal Khasim

22BCE7426
VIJAY
SHEKHAR
SHARMA
FOUNDER CHAIRMAN, MANAGING DIRECTOR OF
ONE97 COMMUNICATIONS AND ITS CONSUMER
BRAND PAYTM.
INTRODUCTION

Vijay Shekhar Sharma, an Indian entrepreneur best

known as the founder and CEO of Paytm, one of
India's leading digital payment and e-commerce
platforms has an emotional and inspiring story that
highlights his journey from humble beginnings to
becoming one of India’s most successful
entrepreneurs. His journey is an inspiring tale of
perseverance, innovation, and determination.
LIFE
He was born on July 8, 1978, in a small town called Aligarh
in the state of Utter Pradesh, India. Vijay Shekhar Sharma
faced numerous challenges in his early life His family faced
financial difficulties, but he was determined to excel
academically. His journey took a significant turn when he
received a computer from his father. This gift ignited his
passion for Programming and technology. Vijay began
learning Computer programming on his own and soon
demonstrated exceptional aptitude in the field. Despite
financial constraints, he managed to graduate with a degree
in Electronics and Communications from the Delhi College
of Engineering.
PROFESSIONAL LIFE

After completing his education, Sharma worked for a few companies,

including an IT services firm in Delhi. However, his entrepreneurial
spirit led him to venture into the world of startups. In 2001, he launched
his first venture, XS Communications", which aimed to provide content
to telecom companies. The business faced challenges due to the limited
reach of mobile phones at that time. Eventually, it failed, leading to
financial struggles for Sharma. Undeterred by the setback, Sharma
continued to pursue his dreams. He eventually joined the One 97
Communications team, a company focused on mobile value-added
services.
BREAKTHROUGH

However, the true breakthrough came in 2010, he came up with the

idea of creating a digital payment plan came that would revolutionize
the way people transacted in India.

This idea gave birth to Paytm, which stands for “Pay Through
Mobile”. The initial concept was to offer a platform for mobile
recharges and bill payments, but Sharma's Vision expanded rapidly.
He recognized the potential of digital wallets in a country where a
large portion of the people lacked access to traditional banking
services. It also offers personal loans, insurance, ticket bookings like
movies, hotels, bus train flights and other events.
GROWTH OF PAYTM

Despite initial scepticism and challenges, Paytm gradually gained popularity that other companies made apps and
applications similar to it. The Indian government's demonetization moves in 2016, which aimed to curb black money
and promote digital transactions, acted as a turning point for Paytm. The platform saw a massive surge in use as
people turned to digital wallets for their everyday transactions under Sharma's leadership, Paytm diversified its
offerings to include digital payments, mobile wallets e-commers, and various financial services The Company also
launched its Paytm Payments Bank, which aimed to provide banking services to the unbanked population of India.
RESULT OF HIS WORK

Vijay Shekhar Sharma's efforts and visions made

him one of the youngest self-made billionaires in
India. His story reflects his determination to
overcome challenges and create a positive impact
on society. Beyond his entrepreneurial
endeavours, Sharma is known for his motivational
talks and inspirational messages, encouraging
young minds to chase their dreams and overcome
obstacles.
 • Won the Best Serial Entrepreneur Award at the Rural
AWARDS & and Urban Development Summit (2022).
RECOGNITION • Ranked the Youngest Indian Billionaire by Forbes
magazine.

Vijay Shekhar Sharma has

• ET Entrepreneur of the Year, by The Economic Times
received numerous inINNOVATOR
2016 OUTSTANDING EXCELLENCE
accolades for his OF THE YEAR ACHIEVEMENT IN LEADERSHIP
• Awarded the Impact Person of the Year Award in
contributions to the Indian
2016.
startup ecosystem and
digital payment industry. • In 2017, he became the Dataquest IT Man of the year
He was featured on various
• He was named the Entrepreneur of the Year by AINA.
lists of influential and
successful entrepreneurs. • Honoured with the Yash Shanti (2016).
His awards & recognitions PROFESSIONAL IMPACTFUL TRAILBLAZER
• Named as
EXCELLENCEthe Businessman
CHANGEof the Year at AWARD
GQ Men of
are
the Year Awards 2016 and many more.
MAKER

PAGE 09
SUCCESS JOURNEY
Vijay Shekhar Sharma’s emotional story is one of resilience,
determination, and a relentless pursuit of his dreams from a small-
town boy with limited resources to the founder of a billion-dollar
company, his journey exemplifies the power of passion and
perseverance in the face of adversity. He is a testament to the
power of inventory, perseverance, innovation and the potential of
digital technology to transform lives and industries, especially in a
country as diverse and complex as India. His story continues to
inspire aspiring entrepreneurs and serves as a testament to the
potential for transformative change through technology and
innovation.
Thank you