Who Is The Founder Of Paytm? Find Net Worth & Salary

Who Is The Founder Of Paytm? Find Net Worth & Salary

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Delving into the realm of financial technology magnates, the spotlight turns to the visionary behind Paytm’s meteoric rise.

Join us as we get to the bottom of the enigma surrounding Paytm’s founder and delve into the economic dimensions that underscore their groundbreaking achievements.

Who Is The Founder Of Paytm? 

Paytm

The Indian startup circuit has witnessed many remarkable tales. The increase of many multinational corporations has added to its worth and cost as an atmosphere where all people get an opportunity to polish and rise. With the brand new technology drawing close, it’s time to have a sneak-peek into one of the most hit marketers Vijay Shekhar Sharma, the man behind paytm. Paytm is one of the first e-wallets and continues to be taken into consideration as the representative of the Indian startup system in the e-wallet circuit.

Vijay Shekhar Sharma has India’s 2nd-youngest billionaire with $2.35 billion wealth as in line with Forbes listing of India’s a hundred Richest People. However, Vijay Shekhar Sharma has lost his billionaire status, with an internet worth envisioned at $999 million. Once, Sharma used to earn around Rs 10,000 a month while he was 27 years old and based totally in Aligarh. From the small town of Aligarh to being the pinnacle of one of the largest fintech agencies centered on digital payments and wallet-based bills, the journey of Vijay Shekhar Sharma is as particular and thrilling as it is inspiring.

Vijay Shekhar Sharma Biography

Vijay Shekhar Sharma, who was born in Aligarh in 1978, is the third of Sulom Prakash and Asha Sharma’s 4 kids. His parents quickly discovered that their son was a genius. Vijay Shekhar Sharma enrolled in Delhi Technological University when he was just 15 years old. 

While working in the direction of his B.Tech in 1997, Vijay Shekhar Sharma turned the selection to start a dot-com corporation and created the website indiasite.Net. He received Rs five lakhs for it. Vijay Shekhar Sharma founded One97 Communications, a internet site that supplied facts, cricket rankings, ringtones, jokes, and check ratings, after quick realizing the endless possibilities of internet-based cloth.

AttributeDetails
Full NameVijay Shekhar Sharma
Date of BirthJuly 8, 1978
Place of BirthAligarh, Uttar Pradesh, India
EducationBachelor’s degree in Electronics and Communication Engineering from Delhi College of Engineering
Career Highlights– Founded Paytm in 2010
– Transformed Paytm into a leading digital payment and e-commerce platform
– Expanded to offer various financial services, including mobile wallets, UPI, banking, and more
Net Worth (As of 2021)Estimated to be over $2 billion (USD)
Awards & Recognition– Forbes India Leadership Award for Best Startup (2017)
– Ranked on Forbes World’s Billionaires List
Notable Achievements– Overcame initial challenges and adversity to build Paytm into a household name in India
– Pioneered digital payments in India, contributing to the country’s financial inclusion
– Continues to innovate and expand Paytm’s offerings to encompass a wide range of financial services

 Beginning Of Paytm

Paytm, which became based in August 2010, has always been notably valued as an enterprise and functions as one in every of the largest virtual charge services relied upon with the aid of traders and customers alike. Furthermore, it has currently witnessed one of the biggest IPO in Indian records, which kickstarted on November eight, 2021. However, ever since the listing of Paytm shares, the enterprise has witnessed a few difficult drops in the share prices, which declined to a document low of almost 37% to hit a rock bottom of Rs 1,283 according to share. Nevertheless, the shares of the company had finally seen a rise of 9% in its prices, as said on November 23, 2021.

Paytm noticed a big seven hundred% growth in transactions because of demonetization, which became a massive win for the online price gadget. Due to this, Paytm was able to quickly reach a $10 billion valuation.

Vijay Shekhar Sharma: Net Worth And Salary

Vijay Shekhar Sharma’s real time net worth is $996.4M (or Rs 98,12,95,20,000). Vijay Shekhar Sharma receives a yearly salary of Rs. 4 crore in cash. His salary will not change for the ensuing three years.

Vijay Shekhar Sharma – Awards and Recognitions

1- Forbes India Leadership Award – Best Startup (2017)

Vijay Shekhar Sharma was honored with the Forbes India Leadership Award in the category of Best Startup for his pioneering work in establishing Paytm as a leading digital payments and e-commerce platform in India.

2- Forbes World’s Billionaires List

Vijay Shekhar Sharma has been featured on the Forbes World’s Billionaires List, highlighting his substantial success and impact in the business world.

3- Business Today’s “India’s Coolest Start-up Founder” (2014)

Sharma was recognized by Business Today for his innovative approach and leadership in founding and developing Paytm into a popular and influential company.

4- Impact’s Person of the Year (2016)

Vijay Shekhar Sharma was named Impact’s Person of the Year for his significant contributions to the Indian digital payments ecosystem and his role in driving the adoption of cashless transactions.

5- Economic Times Entrepreneur of the Year (2017)

Sharma received the Economic Times Entrepreneur of the Year award for his visionary leadership and his efforts in transforming Paytm into a diversified financial services platform.

6- Asia Game Changer Award (2018)

He was honored with the Asia Game Changer Award by the Asia Society for his influential role in transforming digital payments and making a significant impact on India’s financial landscape.

7- Honorary Doctorate

Vijay Shekhar Sharma has been awarded an honorary doctorate degree by Amity University in recognition of his entrepreneurial achievements and contributions to the fintech industry.

FAQs On The Founder Of Paytm 

Who is the founder of Paytm?

Paytm was founded by Vijay Shekhar Sharma in 2010. He is an Indian entrepreneur and visionary behind the mobile payment and e-commerce platform.

What is Vijay Shekhar Sharma’s net worth?

As of my last knowledge update in September 2021, Vijay Shekhar Sharma’s net worth was estimated at around $2.3 billion USD, making him one of India’s youngest billionaires.

What role did he play in Paytm’s growth?

Vijay Shekhar Sharma played a pivotal role in shaping Paytm’s growth, from its inception as a mobile recharge platform to becoming a multifaceted digital wallet and e-commerce ecosystem.

What is his salary as the founder of Paytm?

As of my last update, Sharma’s salary was around ₹3 crore (approximately $400,000 USD) per annum as the founder and CEO of Paytm.

How has Sharma contributed to India’s digital economy?

Vijay Shekhar Sharma’s entrepreneurial journey has significantly contributed to India’s digital economy, providing millions with accessible and convenient mobile payment solutions, transforming the way transactions are conducted across the country.

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