One of India’s most successful entrepreneurs, Vijay Shekhar Sharma is a trailblazer in his field. From being a small-town boy who could barely speak in english to becoming India’s youngest billionaire, Vijay’s story is truly inspiring.
Born in 1978 in Aligarh, Uttar Pradesh, Vijay completed his early education from a Hindi medium school. A child prodigy, Vijay got double promotion and finished his school at a young age of 14. He was only 15 when he joined the Delhi college of engineering. His poor english became a serious impediment in his academics. Unable to understand his course, Vijay started to read magazines and stories about silicon valley.
While in college, he taught himself the basic skills and launched a website Indiasite.net (XS). This was his first profitable venture and at the age of 21, he sold this website to a US investor. This was just the beginning of his tryst with entrepreneurship.
Next up was the idea of One97, which is now the parent company of Paytm. But it wasn’t a smooth ride for him. The high interest rates of the loans made his work arduous and this was when he hit a low. Struggling to repay the debt, Vijay had to take up odd jobs. Owing to his financial condition, he sometimes had to walk 14+ kilometres to get to his destination because he didn’t have money for bus tickets.
But his dedication and hard work impressed investors and his venture got the opportunity it was waiting for. It was when the smartphone revolution hit the country that he got the idea of Paytm. The investors were unsure about how the customers will react to the first of its kind mobile payments technology. Vijay put his own equity on the stake and launched Paytm, Pay through mobile.
Today, Vijay’s net worth is about 260 crores USD. He has been named India’s youngest billionaire. He has received many awards including Entrepreneur of the Year, 2016 by The Economics Times.
Vijay’s dedication and his never-giving-up attitude ishat makes him our Xpert on Entrepreneurship. Get a chance to connect with him directly. Xpert is an online Q&A platform, connecting you to your idols. Sign today for free and ask your first question!