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Paytm CEO Vijay Shekhar Sharma Became India’s Youngest Billionaire

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vijay shekhar sharma latest news

Paytm CEO Vijay Shekhar Sharma has just become India’s youngest billionaire. His company’s graph got a shot up when the Country was hit by the government’s Demonetization move.

Founder and CEO of Paytm, Vijay Shekhar cites Alibaba Founder Jack Ma as his inspiration. Paytm, now has 20 crore users, which is nearly one in every six Indians. According to the survey of Hurun Rich List 2017, Sharma is listed as the youngest billionaire. At a very young age of 38, he stands as an owner of assets worth $1.5 billion (Rs.10,000 crores.)

Meanwhile, Flipkart’s owners Sachin Bansal and Binny Bansal who made it to the 2016’s List couldn’t find a place this year. Even though their net worth is $1.4 billion each, did not make it because of the constant devaluation by investors.

Vijay Shekhar Sharma was not listed in the 2016’s list but now is ranked as the 61st richest Indian. Born in Aligarh, Uttar Pradesh, he had one of the most incredible journeys to the top. He joined the Delhi College Of Engineering just at the age of 15. Vijay started his first website ‘indiasite.net’ when he was 21 years old and sold it two years later for $1 million.

In 2005, he started One97 Communications which offered mobile content like news, cricket scores, and updates. One97 Communications is the parent company for Paytm which was launched in 2010.

“I planned to buy a Rolex when Paytm’s valuation hits $10 billion” he exclaims.

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Zerodha Reports 23% Profit Decline in FY25 as Revenues Miss Target

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Zerodha FY25

Zerodha experienced a challenging FY25, as its revenue fell 11.5% to ₹8,847 crore and net profit dropped 22.9% to ₹4,237 crore. This decline reflects tougher regulatory conditions, lower trading volumes, and increased operational costs in the brokerage market, all of which impacted core earning segments for the company.​

Despite these headwinds, Zerodha improved its operating margin to 63.78% and built up significant cash reserves, reporting ₹22,679 crore in bank balances. Salary expenses and director remuneration increased, but disciplined cost controls helped the company maintain profitability and a debt-free balance sheet. The drop in active clients and increased compliance costs further contributed to the profit contraction.​

Looking ahead, Zerodha’s resilience is supported by its robust cash position and operational efficiency. Maintaining steady margins, diversifying product offerings, and investing in technology positions the company to withstand future regulatory fluctuations and changing market sentiment reinforcing its status as one of India’s leading brokerage firms.

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Zoho Pay Debuts as India’s New UPI Challenger, Taking on PhonePe, Paytm, and Google Pay

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Zoho Payment

Zoho Corporation has expanded its fintech portfolio with the launch of Zoho Pay, a UPI-based payments app built to challenge India’s top digital payment giants such as PhonePe, Paytm, and Google Pay. The new app supports peer-to-peer transfers, bill payments, QR-based transactions, and merchant settlements in a streamlined interface. Available as both a standalone app and an integrated feature inside Zoho’s privacy-driven messenger Arattai, Zoho Pay enables users to handle chats and payments in one platform, emphasizing data privacy and Made-in-India innovation.​

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In the competitive digital payments market, Zoho Pay differentiates itself through its tight business software integration with apps like Zoho Books, Zoho Payroll, and Zoho Commerce, offering small businesses unified access to payments, billing, and accounting. The company is also expanding its reach with POS devices for merchants featuring UPI QR, card payments, and instant reconciliation tools. With founder Sridhar Vembu’s vision of a ‘Chat + Pay’ ecosystem, Zoho Pay reflects a bold step toward redefining India’s fintech scene with a secure, ad-free, and locally developed alternative to global payment platforms.

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Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach

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Meta has expanded its AI-powered translation feature for Reels to include Hindi and Portuguese, joining English and Spanish in empowering creators to reach a broader global audience on Instagram and Facebook. Originally launched in August 2025 with support for English and Spanish, this update now allows creators to seamlessly translate and dub their short videos, breaking language barriers across some of the largest Reels markets worldwide. The AI technology mimics the creator’s voice tone and even offers lip-syncing to ensure the translated videos feel natural and engaging for viewers.​

This enhancement is especially significant for India, the largest market for Facebook and Instagram, where over 600 million people speak Hindi. Content creators who are not fluent in Hindi can now easily access this vast audience, increasing their reach and engagement across diverse linguistic groups. To maintain transparency, all translated Reels are clearly labeled with “Translated with Meta AI,” and viewers can choose to switch translations on or off based on their preference.​

In addition to voice dubbing, Meta is developing features to translate captions and text stickers on Reels, making content more accessible even without sound. These AI translation tools are available free for eligible public Instagram accounts and Facebook creator profiles with over 1,000 followers. This innovation reinforces Meta’s commitment to fostering cross-cultural content sharing and enhancing creators’ ability to connect with audiences around the world through short-form videos.

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