Successful Indian Entrepreneurs Like Vijay Shekhar Sharma
Posted: Jun 27, 2020
Being a middle class, People take it as a problem which is not true at all. In fact, it gives you the best of both worlds, i.e. having enough money to be able to get educated and yet have those values which encourage you to save money and work hard. This small-town boy from Aligarh has a similar kind of motivation for you.
Vijay was born on 7th June 1978. His father was a teacher and his family had two elder sisters and one younger brother. He was quite intelligent since childhood who used to study his sister's books. He got double promotion in his school and completed his 12th class at the early age of 14. His dream was to become an engineer and he took admission in Delhi College of Engineering for further studies.
From A Class Hero to a Back-Bencher: Vijay was always a first-bencher in his school and he followed the same in college as well. One day the teacher asked him a question in English, which he was not able to understand, he felt embarrassed and started sitting on the last bench. He started reading two books simultaneously, one in Hindi and other in English to understand the course.
Vijay's life was changed when one Sunday he went to the Dharia Gunj market in Delhi. There, he take up a Forbes magazine and initiated reading about how companies such as Apple, Intel, and HP built companies. He wanted to go to Stanford and Silicon Valley but wasn’t having the money or the resources.
While most of the bright students were fighting for their placements, Vijay started his own startup "XS Communications", to create Content Management System. This Management system was being used by many major publications including Indian Express.
"Don’t assume that borrowing lots of money can make your startup fly. There are many stuff to the business other than investors, and it’s possible to succeed with your startup without breaking the bank." -Barnaby Lashbrooke, founder of Time Etc.
It was 2005 when Vijay was trying to setup One97 Communication, he had to face a difficult time and ended up selling 40% shares of his company to raise the fund of 8 lakhs. Paytm was never so easy. Though India's telecom sector was improving around in 2010, but investors were seeing risk with Vijay’s idea of mobile-first consumer service. When Vijay placed the proposal to build a Paytm in front of the investors 97, they did not show much enthusiasm. He told them directly "give me $ 1 million" but they did not agree. At that time Vijay put a $2million at stake from his own to launch this one of the biggest brands named Paytm. Vijay has acknowledged the "Outstanding Startup of the Year" Award at Forbes Leadership Awards 2016.
Paytm has changed the digital scenario over the years. Vijay is looking forward to a cashless India. His dream is to ring half a billion Indians to the mainstream economy. His dream is to build India’s first $100 Billion firm, a company that would make the nation proud.
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My self Anu Bahrdwaj. I love to share the inspiring and motivational stories of Indian talented people.