Paytm founder Vijay Shekhar Sharma gets emotional on BSE listing day

NH Bureau Thursday, 18 November 2021 07:23:14 PM

Paytm founder Vijay Shekhar Sharma gets emotional on BSE listing day (Image: Screengrab from video tweeted by @digbijaymishra1)

Mumbai : Paytm founder Vijay Shekhar Sharma turned emotional during his address at the Bombay Stock Exchange, or BSE, on the day when his company made a debut on share market.

In the video, he was seen wiping his tears as he addressed a gathering in a hall in BSE.

Mr Sharma had founded Paytm back in 2010. The company received a push when it came in partnership with ride-hailing firm Uber. The company received its major push in 2016 when digital payments got a major boost after demonetization announced by PM Modi.

Paytm's success has turned Mr Sharma, a school teacher's son, into a billionaire with a net worth of $2.4 billion, according to Forbes. Its IPO has also minted hundreds of new millionaires in the country.

Meanwhile, on its debut day in share market, the Paytm share fell by 21%, valuing the Ant Group-backed digital payments firm at around ₹ 1.11 trillion.

Shares were changing hands at ₹ 1,705 in early morning trade versus the offer price of ₹ 2,150.