• About
  • Advertise
  • Privacy & Policy
  • Contact
VOUS MAGAZINE
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
    • Home – Layout 6
  • News
    • All
    • Politics
    • Science
    • World

    Hillary Clinton in white pantsuit for Trump inauguration

    Amazon has 143 billion reasons to keep adding more perks to Prime

    Shooting More than 40 Years of New York’s Halloween Parade

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    How couples can solve lighting disagreements for good

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    These Are the 5 Big Tech Stories to Watch in 2017

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Sports

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    Heroes of the Storm Global Championship 2017 starts tomorrow, here’s what you need to know

    Harnessing the power of VR with Power Rangers and Snapdragon 835

    Dota 2 and CS:GO top Steam’s 2016 list for most played games

    Vinales will be as tough for Rossi as Lorenzo – Suzuki MotoGP boss

  • Lifestyle
    • All
    • Food
    • Health
    • Travel

    Shooting More than 40 Years of New York’s Halloween Parade

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    How couples can solve lighting disagreements for good

    Ducati launch: Lorenzo and Dovizioso’s Desmosedici

    23 Celebrity Tweets You Missed From The Golden Globes

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    Intel Core i7-7700K ‘Kaby Lake’ review

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
    • Home – Layout 6
  • News
    • All
    • Politics
    • Science
    • World

    Hillary Clinton in white pantsuit for Trump inauguration

    Amazon has 143 billion reasons to keep adding more perks to Prime

    Shooting More than 40 Years of New York’s Halloween Parade

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    How couples can solve lighting disagreements for good

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    These Are the 5 Big Tech Stories to Watch in 2017

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Sports

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    Heroes of the Storm Global Championship 2017 starts tomorrow, here’s what you need to know

    Harnessing the power of VR with Power Rangers and Snapdragon 835

    Dota 2 and CS:GO top Steam’s 2016 list for most played games

    Vinales will be as tough for Rossi as Lorenzo – Suzuki MotoGP boss

  • Lifestyle
    • All
    • Food
    • Health
    • Travel

    Shooting More than 40 Years of New York’s Halloween Parade

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    How couples can solve lighting disagreements for good

    Ducati launch: Lorenzo and Dovizioso’s Desmosedici

    23 Celebrity Tweets You Missed From The Golden Globes

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

    Intel Core i7-7700K ‘Kaby Lake’ review

No Result
View All Result
VOUS MAGAZINE
No Result
View All Result
Home Designers

Paytm’s $2.5 Billion IPO Creates New Millionaires in India

Rocio Lugo by Rocio Lugo
septiembre 14, 2023
in Designers
0 0
0
Paytm’s $2.5 Billion IPO Creates New Millionaires in India

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave/File Photo

0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

The monumental $2.5 billion initial public offering (IPO) by Indian fintech giant Paytm is set to mint new millionaires in the country. While the IPO marks a significant milestone in the Indian financial landscape, it’s also transforming the lives of hundreds of current and former employees, who are poised to become millionaires with this historic offering.

Siddharth Pandey, an electronics engineer, is one such individual who will join the ranks of millionaires thanks to Paytm’s IPO. However, his journey to wealth was not without challenges, including opposition from his own father when he decided to join Paytm nearly a decade ago, back when it was just a budding startup.

The upcoming IPO is expected to make approximately 350 existing and former Paytm employees millionaires, with a net worth of at least 10 million Indian rupees (approximately $134,401.38 USD) each, according to an insider source. In a country where the per capita income is below $2,000, these newfound fortunes are substantial.

Siddharth Pandey, now 39, has since moved on from Paytm and is currently engaged with another startup, the identity of which he chose not to disclose. However, his seven-year tenure at Paytm left him with a substantial number of shares in the company. Although he refrained from providing exact figures, the shares are valued at 2,150 rupees ($28.9 USD) each as of Friday, making Pandey’s net worth exceed $1 million.

Reflecting on his early days at Paytm in 2013, Pandey shared, «My dad was very demotivating. He said, ‘What is this Paytime?!’ He advised me to work for a more recognizable company.» However, Pandey’s father has since experienced a change of heart, and Pandey humorously mentioned that his father now advises him to stay grounded.

When Siddharth Pandey first joined Paytm, it was primarily a small payments company with fewer than 1,000 employees. Today, Paytm has grown exponentially, employing over 10,000 professionals and offering a diverse range of services, from banking and shopping to movie and travel ticketing, as well as gaming.

To celebrate his newfound wealth, Pandey treated his father to a luxurious five-day trip to Udaipur, a renowned tourist destination in the desert state of Rajasthan, spending approximately 400,000 rupees ($5,376 USD). He credited Paytm as a generous employer that has always emphasized the financial well-being of its employees.

Married with two children, Pandey intends to allocate part of his windfall to his retirement fund, with a significant portion earmarked for his children’s education. Moreover, the newfound financial stability will enable him to explore startups where income isn’t the sole focus and may even open doors to academic pursuits

Paytm’s groundbreaking IPO not only marks a pivotal moment in India’s financial history but also underscores the life-changing impact it has on employees like Siddharth Pandey. As the fintech sector continues to thrive in India, more success stories are bound to emerge, reshaping the nation’s entrepreneurial landscape.

Tags: DESIGNFASHIONNEWS FASHION
Rocio Lugo

Rocio Lugo

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

How to design clothes on roblox

mayo 10, 2023
VOUS Magazine | The May Fashion Edition | Vol.1 | 2024

VOUS Magazine | The May Fashion Edition | Vol.1 | 2024

mayo 14, 2024
alice roberts wedding photos

alice roberts wedding photos

septiembre 16, 2023
80s fashion photographers

80s fashion photographers

septiembre 17, 2023
Bisutex ‘minis’ are sold out with one hundred percent of space contracted

Bisutex ‘minis’ are sold out with one hundred percent of space contracted

1
The Best Street Style From Paris Fashion Week Spring 2018

The Best Street Style From Paris Fashion Week Spring 2018

0
The Best Street Style From Paris Fashion Week Spring 2018

Saint Laurent Introduces the World to Trinidad’s Next Top Model

0
The Best Street Style From Paris Fashion Week Spring 2018

Versace Spring Summer 2018 Rtw

0
COVER STORY – VOUS Magazine | The April Simonetta Lein Edition | Vol.1 | 2025

COVER STORY – VOUS Magazine | The April Simonetta Lein Edition | Vol.1 | 2025

abril 23, 2025
Hale Bob’s First Showroom Arrives in LA, Bringing Fashion to Life

Hale Bob’s First Showroom Arrives in LA, Bringing Fashion to Life

abril 8, 2025
CROPS by FEERIC HUB: fashion’s bold new frontier

CROPS by FEERIC HUB: fashion’s bold new frontier

diciembre 11, 2024
Vice & Velvet by Mohammad Jafari

Mohammad Jafari x Vous Magazine

noviembre 27, 2024

Recent News

COVER STORY – VOUS Magazine | The April Simonetta Lein Edition | Vol.1 | 2025

COVER STORY – VOUS Magazine | The April Simonetta Lein Edition | Vol.1 | 2025

abril 23, 2025
Hale Bob’s First Showroom Arrives in LA, Bringing Fashion to Life

Hale Bob’s First Showroom Arrives in LA, Bringing Fashion to Life

abril 8, 2025
CROPS by FEERIC HUB: fashion’s bold new frontier

CROPS by FEERIC HUB: fashion’s bold new frontier

diciembre 11, 2024
Vice & Velvet by Mohammad Jafari

Mohammad Jafari x Vous Magazine

noviembre 27, 2024
VOUS MAGAZINE

© 2024 Vous Magazine - The best editorial magazine in Spain.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result

© 2024 Vous Magazine - The best editorial magazine in Spain.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Ir a la versión móvil