Sachin Bansal is an Indian entrepreneur. He is best known as the founder of Flipkart.
|Born||5 August 1981 (Chandigarh, India)|
|Height||5 ft 9 in (179 cm)|
|Father||Sat Prakash Agarwal|
Bansal was born in Chandigarh, India, on 5 August 1981.
During his over 11 year career at Flipkart, Bansal was CEO and chairman. In 2018, Bansal exited Flipkart following the Walmart deal.
In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose valuation in 2018 was $20.8 billion.
In 2018, Bansal held a 5.5 percent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion.
Sachin Bansal is now the managing director of Navi Group, a financial services company.
His father, Sat Prakash Agarwal, is a business man and mother, Kiran Bansal, a homemaker. He also has a brother, Nitin Bansal.
Sachin Bansal is married to Priya Bansal Singh, a dentist by training and profession. They have one son.
Sachin had completed his schooling from Saint Anne’s Convent School.
Bansal worked very hard for JEE preparation and went on to stand 49 in All India JEE rankings. Later, he got into Indian Institute of Technology, Delhi.
At one point in time, he wanted to be a professional gamer. Sachin Bansal soon graduated from computer science engineering and became a software engineer.
After graduation, Bansal worked at Techspan for a few months and later in 2006 he joined Amazon Web Services as a senior software engineer..
In 2007, Bansal quit Amazon to start his own company.
In October 2007, Bansal and his co-founder, Binny Bansal, started an online bookstore, Flipkart, with an initial capital of 4 Lakh Rupees.
In the first few months, he oversaw all business details, from building the first version of their website to sourcing book to packing and delivering them.
From inception until 2016, Bansal held the position of Chief Executive Officer and from 2016 until 2018, he held the position of Executive Chairman.
In 2018, Bansal signed a non-compete clause with Walmart and exited Flipkart. The non-compete clause restricted Bansal from starting any business that directly or indirectly competed with Flipkart for 18 months and in making any investments in businesses competing with Flipkart for 36 months from his departure.
In December 2018, Bansal founded BACQ Acquisitions Private Limited, a venture that focused on building and acquiring technology-driven businesses in diverse industry verticals.
Since 2014, Bansal has made 18 investments in local, early-stage startups where the deal size was $1–2 million.
In February 2019, he had investments in Ola, Grey Orange, Ather Energy, SigTuple, IN shorts, Unacademy and Terminus.
In December 2019, Sachin Bansal’s Navi Technologies acquired Bengaluru based technology consulting firm Maven Hive. No financial details were disclosed.
Sachin acquired the general insurance brand COCO, previously owned by the housing finance company Deewan housing finance limited, through his company Navi Technologies in 2020.
In April 2020, Navi Technologies announced Sachin Bansal as its Managing Director.
- The Economic Times for “Entrepreneur of the year”.
- In 2015, Bansal was named as the 86th richest person in India by Forbes India.
- In 2016, Time Magazine included Bansal and his co-founder in the 100 most influential people in the world list.
- In 2017, India Today included Sachin Bansal and his co-founder in India’s 50 most powerful people list.
Sachin Bansal Net Worth
As per corporate shareholdings filed for December 31, 2022, Sachin Bansal publicly holds 10 stocks with a net worth of over Rs. 92.2 Cr(1 billion USD).
|Net Worth||$1 Billion|
|Net Worth In Indian Rupees||100 Crore INR|
|Monthly Income And Salary||3.5 Crore +|
|Yearly Income||42 Crore +|
|Income Source||Indian Entrepreneur|
FAQ (Frequently Asked Questions)
1. What is Sachin Bansal doing now?
Ans. Sachin Bansal is now the CEO of Navi Technologies.
2. Where is Sachin Bansal from?
Ans. Sachin Bansal is from Chandigarh, India.
3. How old is Sachin Bansal?
Ans. Sachin Bansal is 41 years old.
4. What is net worth of Sachin Bansal?
Ans. Sachin Bansal net worth is 100 Crore .
5. What is the name of Sachin Bansal’s wife?
Ans. Sachin Bansal is married to Priya Bansal.
6. Is Sachin Bansal a billionaire?
Ans. In 2018, Bansal held a 5.5 percent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion.