Skip to main content

Vijay Shekhar Sharma

Vijay Shekhar Sharma is an Indian billionaire businessman
Son of a schoolteacher from a small city in north India, Vijay Shekhar Sharma founded fast-rising mobile wallet Paytm in 2011.One of the biggest beneficiaries of India's 2016 demonetization, Paytm has notched up 400 million users and 25 million transactions daily.Sharma made a splash in August 2018 by getting Warren Buffett's Berkshire Hathaway to invest $300 million in Paytm.Sharma has also created Paytm Mall, an e-commerce business and the Paytm Payments Bank.Sharma is planning an IPO of Paytm to raise around $2.2 billion.IPO-bound Paytm's founder and CEO Vijay Shekhar Sharma will get employee stock options for the first time as a reward to drive the company into a leadership position in the digital payments and financial services space, according to sources. The Esops for Shekhar comes when the company is wrapping up the final number of shares that will become part of its proposed ₹16,600 crore IPO. 
Paytm is actually short for ‘pay through mobile’He had to work multiple jobs, which included some petty ones, to repay the loan and to make ends meet at the timeSharma’s an English music buff, and Bono, Chris Martin and Jim Morrison are some of his favourite artistsIn earlier interviews, he has acknowledged the role that rock music has played in improving his Englishfounder Vijay Shekhar Sharma could see his stake go up One97 Communications, the parent company of the digital payments platform. Sharma, who holds around 14.6 per cent in One97, could see his stake increase by another 2 to 4 per cent, said sources in the know.
“Vijay had in the past given 4 per cent of his equity before forming Paytm’ ESOP pool was created. So technically, till sometime back, people got his shares as their ESOPs,” said a source aware of the details on condition of anonymity.
In August this year, the company had doubled its ESOPs pool from 24,094,280 to 61,094,280, this was approved by shareholders earlier this month. “Vijay has never taken any ESOPs in the past. The existing shareholders see this as a reward for the incredible work he has done in creating a payments and financial services leader in Paytm,” said another source close to the development.


The Esops that have been allocated to employees is from 4 per cent equity holding of Sharma. This is the first time he will get Esop as a reward for taking the company to the leadership position in digital payments and financial services domain," a source aware of the development told PTI. However, it could not be ascertained if Sharma will convert the Esops into shares for monetising them. An e-mail query sent to Paytm did not elicit any reply. Paytm had last week given a final call to employees, key managerial personnel and shareholders to submit shares that they want to monetise in the upcoming issue

Labels:

Comments

Post a Comment

Popular posts from this blog

Vijaye Singh .

Meet Vijaye Singh the MBA Return. Turned into Professional Tarot card Reader and Numerologist  Tarot reading is a way to answer people’s questions or counsel them on their concerns using a divination tool called tarot cards. Initially, tarot cards were used for games. Today, there are thousands of tarot card readers all over the world. Many, including Vijaye , also use oracle cards in their card readings. Tarot has taken lots of different forms today and tarot readers can take more and more creative licenses in their readings.  Vijaye  is from Kanpur & completed his MBA this year.  He have been doing Tarot Card Reading & Numerology from last 1.5 years. And served more than 2500+ clients worldwide. He Learned Tarot & Numerology in his first year of MBA. And now he use to follow his passion    Numerologists claim to divine the future through ancient practices related to the numbers associated with a person's name, birth date, and other...
88 comments
Read more

Kuldip Sorathiya

Meet India-based young Entrepreneur, Kuldip Sorathiya is working on his Dreams.  He was born and brought up in Amreli Saurashtra, Gujarat. He is the founder and Director of  Ksquare Energy Pvt. Ltd., which  was established by him in 2017.  Ksquare is a leading solar company from Ahmedabad, engaged in Manufacturing & Supplying all types of solar products. They are manufacturing Solar ACDB, DCDB, AJB, SCB, Combiner Boxes, Solar structures and diverse range distribution boxes for utility-scale projects. They are also supplying all sets of materials such as Solar Panels, Inverters, cables and all types of accessories related to solar PV Systems. They had executed projects ranging from 1 KW to 500 KW, with both crystallines as well as thin film module technologies. Kuldip shares the Mission behind Ksquare Energy It has a wide array of experience and expertise and robust technical know-how to cater to any kind of solar panel installation needs. The mission...
1 comment
Read more

Dr Harshitha Srinivas

Meet Dr. Harshitha Srinivas, a Social Activist, Volunteer, Philanthropist and the Founder at NGO- “People for Passion”. Hailing from Bengaluru, Karnataka, she is also the State President for Child & Elder Council at Women’s Indian Chamber of Commerce and Industry (WICCI), Former Director at Rotary Bangalore, Member of Kannada Sahithya Parishath, Member at NCC India Alumni Association, Member at India Women’s History Museum, volunteer and member at several other Ngo’s and organisations.  During her interview with Ms Venture, Dr. Harshitha shares about her journey- “I Spent my entire childhood at Bengaluru with my parents and siblings, and pursued my studies in management from RV college. The urge to do something for the society started at school when I was part of CMCA (children movement for civic awareness), where I was a part of civic awareness events. In my college, I got a chance to join NCC (National Cadet Corps) where I was trained and was part of many events a...
Post a Comment
Read more