Why is Paytm India's Top Startup?

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Paytm was launched in 2010 as an Indian start up. The original service of Paytm was to help users to make their bill payments and recharge mobile phones, while earning reward point. In this post we will see the reason why Paytm is considerd the top indian startup and get more details about this startup. What is Paytm? Paytm was founded by Vijay Shekhar Sharma, in Noida with an initial investment of $2 million. Paytm's parent company One97 Communications which is also owned by Vijay Shekhar Sharma was started in 2000 and operates into multiple fields. Who owns Paytm? Paytm has been backed by Jack Maa's Alibaba and Ratan Tata of the infamous TATA Group. Although partially owned by Chinese company Alibaba, Paytm remains an Indian company with majority of stake holders being Indians (primarily Ratan Tata and Vijay Shekhar Sharma himself.  What got Paytm the required boost? Paytm added a lot of features in 2013 and moved from a mobile and DTH recharge service to an online payment pl
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Tap the Power of Network to Tackle Big Market Threats

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TCS is one of the first Indian companies to embrace the structured R&D innovation model. In 1981, TCS inaugurated the Tata Research Design and Development Centre (TRDDC). It was India’s first dedicated R&D centre.

Over the time TCS realized that the structured R&D innovation model has limitations and found it hard to keep the domestic as well as the international clients happy at all times. They no longer wanted TCS to just deliver cost effective IT services, but also wanted TCS to provide low-cost IT services with innovations.
 
To take on this challenge, CEO N. Chandrasekaran, explored ways to improvise innovation by harnessing the Jugaad ingenuity of TCS’s nearly 240,000 employees. Especially the collaboration minded Gen X and Gen Y employees which also account for TCS’s majority workforce.

TCS invested heavily in social networks to bring together all the employees. As R&D CTO, Ananth Krishnan explains: ‘We are today probably one of the largest users of the social web inside the enterprise, and we have improved our ability to look at the structured and the unstructured opportunity. In the last three years, we have really launched into the exploitation of the social web as a means for ideation, as a means of finding the expert, as a means to learning. We use the Web to form groups to look at specific problems and tapping into collective intelligence.’

Large companies and their leaders can find opportunity in adversity in a number of ways, including some of the ones shared with you earlier. A corporate leader may make use of one or multiple of these ways to overcome the challenges faced by the large corporate. The previously discussed ways are:
  • ·         Recognizing that the glass is always half full
  • ·         Realizing extreme conditions are fertile soil for extreme innovation
  • ·         Building psychological capital to boost resilience
  • ·         Approaching big challenges with a growth mindset
  • ·         Tapping the power of networks to tackle big market threats

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