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 Vijay Shekhar : A Motivational Entrepreneur 

Date of Publish - Monday, 30th April 2018
igniting_minds

Vijay Shekhar Sharma's story is only remarkable. He's one of the shrewdest CEOs in India with an extensive fortune storing up in excess of a billion dollars. Be that as it may, more than that, Sharma is a standout amongst the sincerest administrators who jump at the chance to share and offer back to the start-up and venture group. Beyond question his modest nature, limit assessments and sharp brains have made him the man he is today.

"I had days when I didn't have cash for supper. Suppose having some tea was a liven for me. I couldn't take the transport so I strolled to spare Rs.10." said Vijay shekhar in an interview

Vijay spent his initial adolescence in Aligarh and enlisted in the Delhi College of Engineering at 15 years old. He was one of the most youthful ones there, and English was a noteworthy issue for him. Sharma depicted his involvement in school as a "Tare zameen par’ Ishan" where letters in order and words were flying noticeable all around. He was completely humiliated and didn't know how to confront his kindred schoolmates. In an obscure domain, Sharma was not able keep up and was labeled an outsider. Until one day, he quit going to classes inside and out. He was set in a place where he confronted different passionate issues, managing the dialect obstruction and the sudden change in nature. Looked with every one of these difficulties, Sharma knew he needed to work more brilliant however he couldn't confront the steady obstruction head-on at that youthful age. He at long last chose he must be inventive to influence it to work.

 

Early Signs of Innovation

  • How Vijay Shekhar Sharma Built A Billion Dollar Company Paytm

Thus at 15 years old, he showed himself how to communicate in English the old-school way – through word dictionaries and magazines. He needed to take in the English so severely, that he concluded that he was not simply going to peruse the general magazines, yet in addition business and Silicon Valley related ones also. He could at last take in more about his saints and comprehend what it takes to be an effective businessperson. Lastly, he had an inclination that he had a place there – some place.

Despite the fact that it was a place that was a large number of miles away, simply learning and perusing about it roused him. Nonetheless, another test emerged from these early beginnings – being destitute. He didn't have enough cash to pay the IIM expenses which were around Rs 2-3 lakhs by then. He guaranteed himself, that one day he would acquire enough cash that he would enlist IIM graduates in his organization.

Who realized this would all work out, as Vijay was the one to assemble an organization that is worth more than $7 Billion today!

Business enterprise at A Young Age

  • How Vijay Shekhar Sharma Built a Billion Dollar Company Paytm

"It doesn't make a difference whether you are from a little or huge town. It doesn't make a difference by any stretch of the imagination. You require sincerity. Possibly you're in or out."

In this way, what occurred straightaway, you may inquire. While as yet being in school, Vijay began a site called Indiasite.net (XS), and inside a couple of years sold it to a US speculator at 21 years old. This was his first beneficial wander as he began getting checks from that buyout in the scope of two or three lakhs consistently. This was the mid-2000s and that measure of cash was incomprehensible for Vijay (who was affectionately known as VSS in his school) and his companions.

At that point, in the wake of buckling down on different tasks, Vijay felt like he was bolted into "brilliant cuffs", a term that he timidly authored, which signifies 'an inclination when somebody gives you so much cash that you can't move out and do different things'. What did he do straightaway? He quit. He quit similarly as he was going to get a major reward in the following 15 days and he would not like to be caught in the cycle of cash once more. What a striking move!

One97- The starting

He was then ready to collect some seed cash and begin an organization called One97, which happens to be PayTM's parent organization starting today.

One97 had a fascinating model and was the early form of what we as a whole utilize today – TrueCaller. Essentially, what it would do some time ago was that on the off chance that you needed to know the points of interest of a specific telephone number or individual, you would enter the subtle elements and SMS it to 197 and get the imperative data. It was a really inventive thought and it went ahead to develop essentially. Later on it included VAS, and other creative substance combinations which snared clients onto its entrance for a considerable length of time to come.

Vijay describes his initial days as an entrepreneur, the one thing that he reviews as helping him a lot  was something Mark Zuckerberg emphasized. That was -

"Each startup recognizes what the system is. Individuals infrequently don't move sufficiently quick. They end up smug and I think the champ is the person who's suspicious about moving quick."

Interesting thing about Vijay is he is so simple and always keep his head towards his target(business). Nowadays, young businessman’s or most of them thinks that you need to be look like a rock star, attractive and should have appealing complexion, all this thing doesn’t matter at all, only thing that matters is you need to focus on the target or aim you have set.

Backpedaling to the One97 days, Vijay nearly didn't raise money for a long time in his new organization, and he understood how hard it is to raise capital. On those days He borrowed money from individuals and invest it into the business for it to develop. Around then, he had taken loan of 8 lakhs at 24% interest rate amid those days. Since the financing cost was so high, he didn't have enough cash to pay back the advance.

Ascending from The Ashes

Is it true that he was shaken up by it? Not even in the smallest. He couldn't have cared less about or lament any choice he's taken throughout everyday life and he's improve as a specialist as a result of his difficulties. Then, his family was worried about his marriage, and that no young lady would consent to wed a person who had no cash by then. This was genuinely a low point for him, as he had no money in his hand.

"I used to take cash to eat, it had understood that terrible at a certain point. Having couple of tea was like having some rich treat. There were days where I didn't have cash for a transport ticket, so I needed to walk 14kms+. When you just take a gander at one heading and don't look whatever other way, that is the place you can pursue what you look for."

Thus Vijay went up against extensive undertakings and inspired the proprietor so much that he offered to put resources into his business and gave him an office space to lead his business for 40% value. He inevitably made his exit for a few hundred crores, after Vijay effectively assembled the business from the beginning.

In 2011, when the cell phone unrest hit India, Vijay conversed with his One97 board and started the procedure behind a buyer mark that was PayTM. He needed to use p2p (person to person) payments between individuals in a safe and adaptable way. Going well ordered Vijay concentrated on what the clients genuinely needed – phone top ups, transport tickets, little payments, and so on and after that assembled the p2p installments/wallet office by means of an application.

What drives Vijay today, as India pushes ahead into the advanced cashless economy?

 He needs to make each Indian to exploit the wellbeing, security, and simplicity of utilizing cashless payments for the development of our economy. Also, that correct vision is the motivation behind why Vijay Shekhar Sharma is a motivation to numerous business visionaries everywhere throughout the world.

Author :
ANMOL KHARE

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