Skip to main content

Paytm Founder Vijay Shekhar Sharma Life Story - Full Bio

 Those of us who prefer to do online rechargeover going to a retailer, must have used paytm for at least once. And that's why with more than 100 million+ downloads, paytm has become the most downloaded payment app in India. how he became successful implementing a completely new idea in Indian market, this is what Iam going to share with you in this video, the CEO of paytm Vijay Sekhar Sharma's successstory. So let's get started,This genius businessman was born 8th July, 1973 in Aligrah in Uttar Pradesh. Being noticed for his genius intelligence,through a special permission he was admitted to Delhi Engineering College at the age of15 years old. 

Just like most of the other hindi medium students,vijay also found it difficult to understand the lectures given by the college professorsin English. In the class, whenever he had been asked anyquestion by his professors, he couldn't answer it. His classmates also used to make fun of himfor this reason. So, soon he lost interest in the classes. Then he started to spend most of his timein the library, reading success stories written in English. After reading so many success stories onething he had understood clearly, that if he wants to do something big in his life thenhe must be his own boss. So, he started to learn coding from his collegeclasses. After few days, he and one of his friend together,developed a website named, which was basically a search engine. After 2 years an American company bought theirwebsite. 

After that, for 1 year Vijay worked in severalprojects to raise sufficient fund to start his own company. In the year 2000, he started his own companynamed one97. One97 used to provide the facility of peoplesearch. That is, if someone wants to know who is callingthem, then he or she just have to message the number to One97 company, the company willreply to that message providing the details of the person who is the owner of that phonenumber. But his savings fell short to run the company,so to grow his company he had to take loan from bank. To run his company, sometimes he had to applyfor a loan even with 24% interest rate. The profit he was making from his company,all of that went into paying the bank's interest, employee's salary and his house rent. Even at one time, when he had not enough moneyto pay his house rent, he used to come back home late at night and went out early in themorning. 

So that the landlord don't get to see him. Day after day his financial situation wasgetting worse. Even sometimes he had dinner in his friend'shouse, because he had not enough money to buy food. His financial condition became so poor thathe used to spend nights having dinner from a roadside cheap paratha stall near MulchandHospital in Delhi. Sometimes when he had not enough money, thepaytm CEO Vijay Sekhar Sharma had two cup of tea as his dinner to spend the rest ofthe night. To run his company, he had to start workingas a consultant and as a trainer. At this time he met Mr. Piyush Agarwal. Mr. Agarwal need help from Vijay to develophis company's software. When Vijay did that, Agarwal's company's profitwas made double. Getting impressed by Vijay's work, Mr. Agarwaloffered Vijay the post of CEO of his company. In response to that, Vijay said to Mr. Agarwalthat he had his own company and at any cost he wanted to make it successful. 

So, he cannot accept his offer. On the other hand due to financial crisis,his family members were forcing him to shoutdown his company and to settle down with a gooddecent job. On one side financial crisis and on the otherside pressure from his family members made Vijay completely depressed. At the end as there was no way out, Vijayaccepted Mr. Agarwal's offer but with a condition, that is, he will look after Mr. Agarwal'scompany for the half of his day and for the rest of the day he will look after his owncompany, and for this Mr. Agarwal have to pay him 30 thousand rupees per month salary. Piyush Agarwal accepted his proposal. Mr. Agarwal also liked Vijay's company's work. Due to high interest rate, it had became ahuge amount of money to be paid to the bank by Vijay. When Vijay told Mr. Agarwal about this, Mr.Agarwal bought 40% of Vijay's company's share with 8 lakh rupees. 

He noticed that the use of smartphone is gettingincreased day by day among the people, so he wanted to do something with that smartphoneso that people can easily do financial transaction using their smartphone. According to the plan, 8th July, 2010 on Vijay's37th birthday was launched, and within few days One97 company, publicly launchedthe mobile app "Paytm" whose full form is "Pay Through Mobile". Although at first it was started with thefacilities of online mobile and DTH recharge, within few days when they added more featureslike paying electricity bill, gas bill, bus ticket people started to love it. And within just 3 years paytm got 25 millionwallet users. After few years, by providing the serviceslike amazon and flipkart Paytm entered into the world of ecommerce. And recently they have also started theirown payment bank. Vijay Sekhar Sharma is a very simple and downto earth person, his lifestyle and his company's rules are proof of that. 

Although today Paytm have made a turnoverof 814 crore rupees, Vijay Sekhar Sharma the CEO of paytm had no special room in his office,he used to work with his employees sitting in the same space. And today Paytm has become so much successfulthat starting from a small road side shop to large shopping malls, everywhere Paytmis accepted. Now vijay is so happy with his life that hesays, "I don't need to sleep, I am living a dream". At last a little request to you. If you find this video inspirational, thenplease share it with your friends. Specially with those who dream to have theirown successful company. Because by sharing you can also help to inspiresomeone else. Next video is on the next Sunday. Thanks for watching. More wisdom, more solution, better life.