Paytm Ceo Vijay Shekhar Sharma Email Id Net Worth In Rupees

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Vijay Shekhar Sharma is getting a large number of new stock options in One97 Communications, a move that would increase his stake in the parent company by 2-3% ahead of Paitm’s $2.2 billion IPO.

Paytm Ceo Vijay Shekhar Sharma Email Id Net Worth In Rupees

Paytm Ceo Vijay Shekhar Sharma Email Id Net Worth In Rupees

Vijay Shekhar Sharma, who has about 15% stake in One97 Communications, plans to sell part of his stake through an offer for sale in the upcoming Paitm IPO.

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Bengaluru | Mumbai: Paitm founder Vijay Shekhar Sharma is getting a lot of new stock options in One97 Communications, a move that will increase his stake in the parent company by 2-3%, people close to the matter said.

This comes ahead of Paitm’s $2.2 billion IPO, which is being touted as India’s biggest in at least a decade.

The digital payments company recently doubled its ESOP pool to around 61,094,280 equity options of face value Re 1 each with 24,094,280 equity options. The sources said Sharma was awarded a “substantial portion” of these new stock options. “They sought shareholder approval to expand the ESOP pool in August, which was approved earlier this month. Almost half of them were given to Sharma,” said the source.

Sharma, who has around 15% stake in One97 Communications, plans to sell part of his stake through an offer for sale (OFS) in the upcoming Paitm IPO.

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The new stock options granted will increase his interest even after he loses some of his interest. They are performance linked and based on Paitm achieving certain milestones, sources said. “This is also the management’s way of rewarding Sharma for growing Paitm to this stage (IPO) as a major payments company,” said another person close to the company. apart from Sharma, investors such as Ant Group, Alibaba Group, SoftBank and Elevation Capital are expected to sell parts of their stakes in the Paitm IPO.

Certainly, the granting of new stock options to Sharma is not an anomaly, as many high-profile founders received such grants prior to the IPO to capitalize on the listing. On September 10, ET reported that Tata-owned BigBasket’s founders had also provided new stock management options to “retain, attract and promote” talent at the online store.

Over the past few months, Paitm has seen its current and former directors convert their stock options into shares, hoping to cash in through the IPO. In August, the company also issued new ESOPs to 166 former and current employees, which were then converted to company shares, regulatory filings accessed by ET show.

Paytm Ceo Vijay Shekhar Sharma Email Id Net Worth In Rupees

In July, Paitm filed a draft red herring prospectus with the market regulator, the Securities and Exchange Board of India (Sebi) to raise Rs 16,600 crore ($2.2 billion) through a public issue.

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The offer will include a new issue worth 8,300 kroner and a secondary issue or offer for sale of the same amount, according to draft documents. The company has kept the window open for a pre-IPO funding round of up to Rs 2,000 crore. If this happens, the size of the new release will be adjusted accordingly.

Keep up with the tech and startup news that matters. Subscribe to our daily newsletter to read the latest must-read tech news delivered straight to your inbox. India’s inaugural tour has seen many amazing stories. The growth of many multinational companies has added to its value and worth as an ecosystem where everyone gets a chance to shine and thrive. As a new era approaches, it is time to take a look at one of the most successful entrepreneurs Vijay Shekhar Sharma. Well, if you live in India or have stayed in touch with the Indian startup ecosystem, you might have heard of Paitm. It is one of the first e-wallets and is still considered as the pioneer Indian production system in the e-wallet circle.

Vijay Shekhar Sharma is the second youngest billionaire in India with a fortune of $2.35 billion according to Forbes India’s 100 richest people (2020). However, according to reports dated March 15, 2022, Sharma lost his billionaire status, with a net worth estimated at $999 million. Once Sharma was earning around Rs 10,000 per month when he was 27 and based in Aligarh. From the small town of Aligarh to the head of one of the largest fintech companies focused on digital payments and wallets, Vijay Shekhar Sharma’s journey is as unique and interesting as it is inspiring.

And check the highlights from Vijay Shekhar Sharma Story, Education, Net Worth, Obstacles and more.

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Vijay’s story can be compared to that of Mahendra Singh Dhoni. They both came from small towns, but they were full of determination and passion, and they ended up causing a big change in the system. In real life, Vijay is selfless and has no doubts. He speaks from the heart. His colleagues like him because he is an honest person, kind to everyone. Talking about the Indian startup circuit, everyone loves it because it represents the suffering of startups.

Vijay is also known for his love for rock music and rock concerts. The founder of Paitm is also known for his honest speeches. Moreover, he is a very happy person as a CEO and often takes the stage to give motivational speeches which are highly praised by Paitmo employees and other audiences.

Once Vijay shared his life story, one could get the impression that Vijay truly understands what it takes to succeed in the ever-changing world of entrepreneurship and is challenging. He was involved in hard times when one had to struggle without any promise of success. However, Vijay has an amazing ability to make people laugh as he looks at his roots and failures.

Paytm Ceo Vijay Shekhar Sharma Email Id Net Worth In Rupees

The above qualities of Vijay make him one of the most handsome CEOs in the country today. However, one must note that his self-deprecating sense of humor does not detract from Vijay’s strong belief in promoting change.

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How to Order and Use Paitm Corporate Debit Card? Paitm Payments Bank after providing its virtual VISA debit card to more than 4.5 million customers has now launched its physical VISA Debit Cards which allows customers to upgrade to contactless payments. Let’s take a look at the new VISA debit card, how to order and use it… Alan Joseph

Vijay was the third of four children born to Sulom Prakash, a teacher, and Asha Sharma, a housewife. He saw the hard life of a part of the country that was economically backward. When he was a 12-year-old child who used to play with a cap and attend his school, his friends did not have money to pay for a pair of slippers. After seeing this, he wrote a poem to express his sadness about the inequality of life.

Vijay came from Aligarh, where he was settled in a village. Earning around Rs 10,000 a month at the age of 27, Vijay was once considered an unsuitable bachelor. Although challenges tried to break him, there was always the fire within him to shine.

Sharma did not even have an English education so she was very poor in the language. However, he did not run away from it, but taught himself English through rock music.

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Vijay Shekhar Sharma, however, was very much inclined towards literature, especially Hindi literature, right from his early school days. He wrote many songs and even published some of them. The Paytm chief recently took to Twitter on August 6, 2022 to share one of the songs he wrote in 1991. The title of the song is ‘Vishwas Karo Karm Mein’, and it is promoted to the top that it has hit the right chord even with the netizens. The song written in Charm has collected more than 3412 views so far as it was posted on August 10, 2022.

I found my poem, from our school magazine published in 1991. 😊 I was in 10th grade then. — Vijay Shekhar Sharma (@vijaishekhar) August 6, 2022

Vijay was one of two people from his village who were involved in engineering. Vijay holds an engineering degree from the prestigious Delhi Institute of Technology. According to Vijay, if one were to study in a Hindi medium school, there would have to be many difficulties. A literate child of the 1990s with Hindi medium schools rarely had access to books and training materials! Thus, Vijay realized that he was all alone in his path to success.

Paytm Ceo Vijay Shekhar Sharma Email Id Net Worth In Rupees

During his stay at DTU, he expressed his life much like the popular Bollywood movie, Tare Zameen Par! That is, he could see his teacher’s lips moving, but he could not understand a single word! While they were preparing for exams, he and his friends would read the answers and they did not know the questions because the questions were written in English. However, he won one of his own

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