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Facts about the entrepreneur and founder of Paytm - "Vijay Shekhar Sharma"

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Vijay Shekhar Sharma is an entrepreneur and founder of Paytm. Paytm is an Indian electronic payment and e-commerce company. The name is an acronym for "Pay Through Mobile." The company employs over 13,000 employees as of January 2017 and has 3 million offline merchants across India.

Vijay Shekhar Sharma comes from a lower middle class family. His father was a school teacher and his mother a home-maker. He has two elder sisters and a younger brother.

 

In 1997, while in college, He had started the website indiasite.net and sold it two years later for $1 million.

In 2005, Vijay Shekhar Sharma started One97 Communications which offered mobile content like news, cricket scores, ringtones, jokes and exam results. One97 is the parent company of Paytm, which was launched in 2010

While attempting to set up One97, Vijay once ended up with a loan of Rs. 8 lakhs. A tremendous sum for a middle class man back in the days, he had taken the principal amount at 24% interest, which got him into an endless loop of unpayable sum.

Vijay Sharma got the inspiration to build Paytm during a visit to China, when he saw vegetable vendors using their mobile phones to receive payments from some customers. This led to him establishing Paytm wallet in 2013.

In 2015, Chinese businessman Jack Ma, owner of Alibaba Group, bought a $500 million stake in Paytm. Ma is estimated to hold 30 to 40 percent of Paytm. Alibaba now reportedly provides assistance to Paytmin order to improve fraud detection and fulfillment systems, among other things.

In 2017, Vijay Shekhar Sharma was featured in the World Billionaire's List by Forbes. He acquired the 1567th rank becoming India's youngest man to be featured on the list.

India Today magazine ranked him #18th in India's 50 Most powerful people of 2017 list.

posted Jul 18, 2017 by Satish Mn

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Jack Ma, is the chairman of Alibaba’s record-shattering $25 billion IPO, which now sits as one of the largest companies on the market.

 

1. JACK MA’S LIFE IS FULL OF FAILURES -- When he applied for admission to the Hangzhou Teacher’s Institute (now Hangzhou Normal University), Ma failed the college entrance exam twice. He eventually graduated in 1988 with a bachelor’s degree in English.

By 1995, he decided teaching wasn’t for him, so he decided to try his hand at business. Around this time, he even applied to a job at KFC in Hangzhou, only to be rejected. Ma also started a translation company, and on a trip to Seattle, he discovered the internet, inspiring him to start his first legit business, China Yellow Pages. While it is regarded as China’s first internet-based company, China Yellow Pages was also a failure.

As we all know, however, Ma’s second company, Alibaba, is doing much better.

2.  His First Salary was just 12-15 USD per month -- At the University where he taught English, he was the only teacher assigned to 500 students. His pay was 100 to 120 Renminbi, which is around $12 to $15 per month. Before moving on, he taught there for 5 years.

3. He used to guide tourists for free for 8 years and that’s how he learned speaking English fluently -- When Jack was 12 years old, he grew a strong desire to learn English. He’d guide tourists from foreign countries for free and learn English by conversing with them. It went on like this for 8 years.

4. This is why Jack chose the name ‘Alibaba’ -- Jack was always clear that he wanted to take his company to the global level and that’s why he wanted a global name. Alibaba is easy to spell, and people everywhere associate that with “Open, Sesame,” the command that Ali Baba used to open doors to hidden treasures in One Thousand and One Nights.

5. Forest Gump is his lifelong hero.-- Every time he gets stressed out, he watches the movie again. What does Ma get from Forest Gump? “No matter whatever changed, you are you.”

6. Products from China do not hold a high reputation in much of the world. Due to this among other factors, the US government had listed Ma’s website, Alibaba.com as a “notorious market” for some time. This is defined as a company that does not follow US government copyrights and business regulations. 

7. In January of 2013, Jack Ma announced his unexpected resignation as CEO of Alibaba Group in May of the same year. He stated that he would still be working for the company as Executive Chairman, saying he was too old for the Internet now. His resignation has raised many questions regarding his health and the real reason he has decided to retire at the young age of 48.

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Ambani’s new house is called Antilia and according to a number of reputable publications, it is the most expensive home in the world. Antilia is actually the first house to exceed a net worth of one billion dollars.

Anant Ambani, the 17-year old son of India’s richest man, is exceptionally spiritual. Numerous reports state that Anant Ambani is visiting the Lord Balaji temple as frequently, as possible.To prove his faith, the affluent teenager decided to make a special donation for the temple. Anant Ambani ended up providing a sacred white elephant as a special present to Lord Balaji.

Mukesh loves showering family members with love and affection. On the occasion of one of her birthdays, Nita Ambani received a jet plane worth 62 million dollars.

Isha Ambani, the daughter of Mukesh and Nita, and is the youngest billionaire heiress. Isha, who was only 16 at the time, ranked second in the Forbes list of top ten billionaire heiresses in 2008. At that tender age, Isha was the owner of an 80-million dollar share of Reliance Industries.

Mukesh Ambani holds a number of awards and records. Fortune magazine gave him the 13th place in a ranking of Asia’s Most Powerful People in Business.

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Chittorgarh is located on the banks of Gambhiri and Berach River. A repository of folklore, historical events and rich cultural heritage, Chittorgarh draws thousands of backpackers and historical travelers every year. The Chittorgarh fort is a proud monument that is proof of the heroic battles fought by warriors like Maharana Pratap, Gara and Kumbha. The whole town is dipped in historical splendor with beautiful monuments surrounding you everywhere you go. The Vijaystambha, Kirtistambha, Padmini’s palace and Bassi fort are some of the other historical places in India that speak volumes about the Mauryan dynasty and its subsequent successors.

Let's take a look at 10 Interesting and unknown facts about India's famous historical place Chittorgarh:

1. During the 37th session of the World Heritage Committee in the year 2013, the Fort of Chittorgarh alongside the 5 other forts in Rajasthan has professed a UNESCO World Heritage Site under Hill forts of Rajasthan.

2. The Chittorgarh Fort was built during the 7th century AD by the Mauryans and was named after the Mauryan ruler Chitrangada Mori, and was used until 1568.

3. When men lost charging their enemy across the fort walls and lost the battles. Women being brave to have committed mass self-immolation (Jauhar). This makes the fort to signify the tribute, courage, and sacrifice. During 7th and 16th centuries considered death as a pride rather than being surrendered under the invading troops.

4. Earlier the fort consisted of 84 water bodies but now it is decreased to 22. These could have the capacity of 4 billion liters of water. That is equal to the water needs of 50,000 army men. The water bodies include of ponds, wells, and such resources.

5. There are seven gateways in the fort which was built during 1433-1468 by Rana Kumbha. The names of the gates include that of the Paidal Pol, Bhairon Pol, Hanuman Pol, Ganesh Pol, Jorla Pol, Laxman Pol, and Ram Pol, the final and main gate.

6. Rani Padmini was one of the prominent queens of those times. She was the wife of king Rawal Ratan Singh, the Rajput ruler of Chittor.

7. To commemorate the victory of Sultan of Malwa; Mahmud Shah I Khlaji in 1440 AD, the tower of victory named Vijay Stambha or Jaya Stambha was raised by Rana Khumbha. This is an expression of victory triumph- also called the symbol of Chittor.

8. When viewed from the higher view, the fort is shaped like a fish.  It has a boundary of 13 km with a determined length of 5 km and it covers an area of 700 acres.

9. The fort of Chittorgarh contains a total of 65 notable buildings, including 4 memorials, 4 palaces, and 19 temples.

10. Having dimensions of 37.2 meters high and 47 square feet area, and has a perimeter of 13 km (8 miles), and is situated on an 180-meter high hill.

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  • India has the largest democratic government in the world, with 29 states, 29 chief festivals, 22 main languages and 1600 dialects.
  • The Indian army just celebrated its 65th birthday. It is the second largest army in the world, having the largest voluntary, democratic and multicultural body, free from political interferences, and has fought against the maximum number of world enemies. It has won more than 62 awards for valor, fought in the most hazardous conditions, been a part of UN peacekeeping forces, helped the UN by contributing over 8000 troops, helped its countrymen during plague and distress, and has been a champion in many difficult sports competitions.
  • 2 lakh office workers receive tiffin lunch in Mumbai at the measly rate of Rs 600/month from 5000 people, with an efficiency rate of 99.9%.
  • India’s Amul produces over seventy million tones of milk every year.
  • Hero Cycles produces six million cycles a year thus making it the largest manufacturers of cycles in the world.
  • The Indian railway is the largest in the world with 115,000 kms of tracks, 10000 daily trains, , 1.4 million employees. It carries over 24 million passengers a day! It sure is sturdy and reliable.
  • What about our famous Bollywood movies? They provide food and shelter to 7.2 million people and gross Rs 6000 crore a year in about 300 films. Bollywood produces more films a year than Hollywood.
  • What about studies? Did you know that it is more difficult to get admission into IIM Ahmedabad than the Ivy Leagues of USA?
  • The Indian curry (from the Tamil word kari) is the most famous in the world. Whenever Indian food is mentioned, the word curry is always present. There are a plethora of curries and they are available in every corner of the world. Curry reduces cancer and heart diseases.
  • Indian food has its roots tracing back from 3000 B.C with the Indus Valley population. The Basmati rice (from the Sanskrit word fragrant) is produced in large amounts (seven million tonnes a year) and India is the world’s biggest manufacturer of rice.
  • There are also some weird foods like black rice which turns purple on cooking, sorpotel (made from discarded parts of any animal), baby shark curry and nahkham (ashes and dried fish).
  • The Tirumala Devasthanam Hindu temple earns Rs 500 crore/year and attracts 45000 devotees/day!
  • The Nehru jacket with its detailed cut and finishes and the mandarin collar is an inspiration to suits all over the world.
  • The Indian sari is traditional attire that only belongs to this country and is considered a brand for Indian wear worldwide. It is an art to wrap the sari like a circle around the body and create elegant folds.
  • Mukesh Ambani (one of the richest person in the world) has a 800,000 square feet house that has 27 floors and cost over one billion dollars to construct.
  • India uses simple methods. The Angadia couriers have 5000 employees carrying priceless diamonds in simple packs and transporting them all over India. The Lijjat papad company started on Rs 80 and with seven women making papads on a terrace. Its sales touched Rs 300 crore and this company provides jobs to 40000 people.
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Source from Internet http://mocomi.com/facts-about-india/

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Did you know, there are 196 countries in the world today? In fact, there are so many countries, whose names are also not recognized by many of us. There are so many informative facts about different countries.

Let's take a look at 10 Interesting and unknown facts about different countries that you need to know:

1. The country which still follows a traditional calendar that is seven years behind the rest of the world

Ethiopia still follows a traditional calendar that is seven years behind the rest of the world. Because of the strong presence of the Coptic Orthodox Church in the country, the traditional calendar of that church is still influential in Ethiopia. The calendar came about in the 16th century, when most of Christianity changed the date Jesus is believed to have been born on, but those in Ethiopia decided to maintain the original date. Because of the time discrepancy, Ethiopia held celebrations for the new millennium in 2007, seven years after the rest of the world.

2. The country which falls in all 4 hemispheres

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3. The country which is smaller than Central Park in New York City

Smaller than Central Park in New York City – Monaco: Although Vatican City is smaller (.17 sq mi) than Monaco (.8 sq mi), not at all like Monaco it doesn’t have any permanent residents which leaves Monaco as the smallest permanently inhabited nation in the world… Smaller than Central Park.

4. The most diverse Country

The Most Diverse Country in the world is India: In almost every category – culturally, economically, climatically, racially, linguistically, ethnically, and religiously India is either the most diverse countries in the world, or the runner-up.

5. The Least Religious Country

A 2007–2008 Gallup survey found Estonia to be the least religious country in the world. The survey asked respondents from around the world, “Is religion an important part of your daily life?” Only 14% of Estonians answered in the affirmative, the lowest of all nations. In contrast, in that same poll, Egypt had a 100% “yes” rate.

6. There is another country which has Hindi as its official language

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7. There are countries which do not have an Army

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8. The country which has 23 native languages

There are 23 native languages recognised by the government in Guatemala. Overall, about 40% of the population speak one of these languages, including Quiche, Kekchi, and Mam.

9.  The country which lies in 2 continents

Istanbul, Turkey, is the only country which falls in 2 continents.

10. The country which has the most amount of Obese people

Nauru has the most amount of Obese population in the world with over 95% of its population overweight.

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1. France is the most visited country in the world

2. Surprisingly Australia is the most obese country in the world as of 2012 with a 26 percent obesity rate

3. There are no clocks in Las Vegas gambling casinos

4. Honolulu is the only place in the United States that has a royal palace

5. Spain is considered the most mountainous country in Europe and has over 8000 km of beaches

6. The United States has no official language

7. One-third of all the airports in the world are located in the US

8. Mexico City is sinking at a rate of 10cm per year, 10 x faster than Venice

9. Saudi Arabia is the only country in the world not to have any rivers

10. It has been rumoured that the Great Wall can be seen from space, but in actual fact, it can not

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We always associate brands with logos, just one look at the brand logo and we know which brand it is. But, many of us don’t really know much about the meaning of these logos? I mean, we may be well acquainted with the logos but not the astonishing facts related to it.

I’m sure you don’t know the astonishing facts related to these famous logos!

1. The Wikipedia logo.

We all know how the Wikipedia symbol looks like, but did you know the hidden meaning behind the logo? The puzzles pieces indicate the different languages that Wikipedia is available in and the missing pieces indicate that the information is being updated every day.



2. Pepsi Logo.

The logo may look really simple but costs a whopping $1 million, owing to the golden ratio of colors that pleases the human eyes the most.



3. The Starbucks Logo.

Original Starbucks logo had a mermaid holding her two tail fins, she was Goddess Melusine, who married a mortal man. The recent logo, however, is a censored version of the original one.



4. Nike logo.

The founder of Nike wasn’t at all satisfied with the logo that his student Carolyn Davidson had designed. He had paid him just $35 for it. But, it soon became one of the most recognized logos in the world.



5. The Pinterest Logo.

We are all too familiar with this logo, aren’t we? Well, at first glance though it looks just a word, but if you look closely you’ll notice a pin in the letter “P”, you can literally pin the pictures to your wall!



6. Uber Logo.

The new Uber logo has changed its logo from U to something that resembles an atom, indicating that their cars can be found anywhere.



7. The BMW logo.

People thought it to be resembling an airplane propeller, but these speculations were cleared when the owner in an interviewed that the logo, in fact, is inspired by the colors of the flag of Bavaria.



8. Lacoste logo.

This has quite the backstory, Rene Lacoste, the famous tennis player was walking down the street with his then team caption Alan Moore, he saw a crocodile skin suitcase in one of the stores and made a bet with Alan that if he wins the next game, Moore would have to buy Rene the suitcase. Though Rene lost the game, a journalist who overheard the conversation described the player as a crocodile who fought really hard for the match. Later, his company turned this earned nickname into an emblem.

9. McDonald’s logo.

The arches on the McDonald’s logo resemble females breasts which were thought by psychologist Louis Cheskin to arouse the feeling of hunger in people and also remind them of their happy childhood.

10. Apple logo.

Now, who doesn’t recognize this one? One of the astonishing facts is that Designer Rob Janoff said in an interview that the bitten apple clearer in its dimensions that will distinguish it from other round fruits. Though early rumors had it that it was dedicated to Alan Turning who died by biting into a poisoned apple.


 

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