In a country obsessed with the golden word-“Entrepreneurship”, the name of the founder of PayTM has become a chart-buster. The worth of PayTM stands at an estimated $1.5 billion. There are many unknown facts about the founder of PayTM- Vijay Shekhar Sharma. Vijay Shekhar is the founder of One97 Communications Limited, a mobile Value-Added-Service (VAS) company. Not many are well versed with the fact that One97 is the parent company of many products such as mPandit, oc2ps, Oorja etc. This entrepreneur’s life has become an epitome of some serious inspiration and it embodies the fact- It is easy to stay strong when the going is as smooth as silk. However, true strength lies in not giving up when the going gets tough.
Here are 5 life lessons we can learn from Vijay Shekhar, the founder of PayTM:
- Never give up:
Vijay Shekhar’s success, to the layman, would seem a marvel. Marvels of entrepreneurship are rare. Vijay Shekhar went through tough times. He practically lived on streets and spent his life on streets with a meager Rs15 in his pocket. A layman with no passion would have given up and succumbed to adversities but not Vijay Shekhar.
- Find your niche:
Vijay Shekhar worked for several companies such as RiverRun Software Group, Intersolutions India Pvt Ltd and India Today Group Online. He worked as a member of Business Development team for RiverRun software Group. After spending over two years in these companies, he realized that he was meant for something big and something of his own. He vouched for his own efficiency and decided to embark on entrepreneurial journey. He started One97 Communications Limited along with his friend Rajiv Shukhla.
- Adapt to change:
In an intricate internet industry, the only thing that is predictable is ‘change.’ Vijay Shekhar noticed a paradigm shift in the billing section- from paying bills at outlets to online payment. He banked on this shift and launched PayTM under the gamut of One97 Communications. PayTM stands for Pay Through Mobile. Vijay Shekhar relied less on venture capitalists and angel investors. Herein lies the motivational lesson- “Adapt to change.”
- Strive for excellence:
Vijay Shekhar was conferred with India’s innovative CEO award in 2015. In addition, PayTM earned the recognition among Delhi’s top 50 brands at a celebration. Added to this, in the year 2006, PayTM was recognized as the “Most Innovative Start-up of the Year.”
- No complacency:
It is easy to swim with the tide and stay complacent but it is as hard as hell to stay down to earth and shake off any existing complacency. Vijay Shekhar made quite a few investments in companies such as Jugnoo, CIQUAL, Plustxt, Milaap, Dexetra etc.