Forbes India — November 17, 2017

28 | forbes india december 29, 2017

Newcomer Sharma, the son of a schoolteacher from a small city in

north India, is the youngest member of the top 100 at the age of 39. He

founded fast-rising, Alibaba-backed mobile wallet Paytm, an acronym

for “Pay Through Mobile”, in 2011. One of the biggest beneficiaries of

the government’s decision to demonetise India’s rupees and move to a

cashless economy, Paytm has notched up 250 million registered users

and more than 7 million transactions daily. A recent sale of Paytm’s

shares to Japan’s SoftBank values the company, in which Sharma

owns 18 percent, at $7 billion. Sharma has also created Paytm Mall, an

ecommerce business and the Paytm Payments Bank.

vijAy shekhAr shArMA: MobiLe Money MAn

Richest

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amit Verma