![]() He had always wanted to make it big and a job wouldn’t give him that scope. I used to look at the different answers to figure out what questions they were asking,” he recalls.īut he did well, went to Delhi College of Engineering (DCE) and was the topper of his batch. ![]() “There used to be multiple choice questions in the entrance examinations. So, after completing school, he took a one-year break to learn English. He studied in a Hindi medium government school and realised that he didn’t know enough English to sit for engineering examinations. Sharma is from Aligarh, the son of a Biology teacher. “It’s like a revenge with the system,” he laughs. Today his company is valued at $3.4 billion and he makes it a point to hire the best MBA graduates from top institutes. Not a mean achievement for someone who couldn’t do an MBA after his B Tech because he didn’t have the money. Jack Ma, founder of Alibaba, China’s biggest e-commerce company, is investing $600 million in his company. It also meant that there weren’t many takers in the beginning for his idea. Sharma is an archetypal new age first generation entrepreneur thinking ahead of time. There are immense growth opportunities here and everyone should be passionate enough to grab them,” he says. One quote finds special mention everywhere-‘Go Big or Go Home.’ “That’s our company goal for employees. Motivational quotes with pictures of Steve Jobs adorn the glass walls across the building. It should freely flow from top to bottom,” he says. “We don’t want ideas to be squeezed in cabins. It is surrounded by similar desks where people sit and work. He takes us to his desk in the middle of the floor. It’s Friday, so he is simply dressed, in a black t-shirt and blue jeans. We are made to sit in a conference room as 37-year-old Vijay Shekhar Sharma, its founder, has lunch downstairs. ![]() They claimed that such information would give an edge to the competition.‘My mother thought I am in business because I couldn’t get a job’ There are no cabins at the second floor office of One97, the company that owns the mobile wallet and ecommerce brand Paytm (Pay Through Mobile). This might have been a result of all that,” said the sources close to the company. The company has now gone international and this would affect detractors. “The information is sensitive and could help competition gain access to a lot of company’s secrets. It is learnt that she had told Sharma to pay the blackmailer and had assured him that she would help him track the culprits thereafter.Īccording to sources close to Paytm, the stolen data included mails and conversation between Sharma and his business partners, aides, as well as with various government officials. His brother, Ajay Shekhar Sharma, who looks at one of the business segments, too, got calls.ĭhawan has been an employee of Paytm for the past eight years, coinciding with the period of peak growth for the company that was founded by Sharma in 2001. Sources said Sharma’s financial as well as personal data, stored on his cellphone, was lost, following which he started getting extortion and blackmail calls. Sources close to Sharma said the company has grown big enough now for him to have more enemies than friends, hinting at a case of business rivalry and perhaps espionage. Sharma, however, said buying or selling ESOPs is the prerogative of the person who owns them. Sources said Dhawan wanted to buy a house worth Rs 50 million.ĭhawan’s lawyers have claimed that she was being forced to sell ESOPs (employee stock ownership plans) she had accumulated over the years and some of the people close to Sharma were trying to elbow her out of the company. But she did not directly ask for any money,” he said. “She mentioned buying an expensive house. Sharma also confirmed a conversation had taken place on Dhawan buying a house. When I spoke to her last, I asked her to help me,” he said.Īlso read: This Isn’t Just About Paytm – Laws on Government Access to Data Need to Change ![]() He added that as Dhawan had been named she should help the police. Sharma said he hopes for the best outcome in the case. The fourth accused, Rohit Chomal, who made the extortion calls from Kolkata, is absconding. The blackmailers threatened they would leak his personal data. Two Paytm employees – Devendra Kumar, a manager in the administration department and Dhawan, Patym’s vice-president of corporate communication – and Rupak Jain, Dhawan’s husband, were arrested for allegedly trying to blackmail Sharma and extort Rs 200 million. Cops will unearth the truth,” said Sharma. It is possible that she has been used as a conduit. I have always believed her (Sonia Dhawan, his secretary and one of the accused). “I’m stunned and want to figure out the truth. New Delhi: Breaking his silence for the first time since the news of data theft at Paytm came out, founder and chief executive officer Vijay Shekhar Sharma on Wednesday said he was shocked and wanted answers. ![]()
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