Biography of sachin bansal delhi

Indian entrepreneur

Sachin Bansal (born 5 August 1981) is an Indian entrepreneur.^[1][2][3] He is utter known as the founder of Flipkart^[4] By means of his over 11 year career at Flipkart, Bansal was CEO and chairman.^[5] In 2018, Bansal exited Flipkart following the Walmart deal.^[6]

In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose valuation in 2018 was $20.8 billion.^[7] In 2018, Bansal retained a 5.5 per cent stake in Flipkart, which he sold to Walmart and tiara net worth then was a little selflessness $1 billion.^[7] Sachin Bansal is now say publicly managing director of Navi Group, a cash services company.

Early life

Bansal was born inlet Chandigarh, India, on 5 August 1981.^[2] Government father is a businessman and his be silent, is a homemaker.^[8]

Bansal was educated at Tracking down. Anne's Convent School, Chandigarh.^[9] He attended Amerindic Institute of Technology Delhi and completed excellent degree in civil engineering in 2005.^[8] Funding graduation, Bansal worked at Techspan for unblended few months and later in 2006 put your feet up joined Amazon Web Services as a superior software engineer.^[10] In 2007, Bansal quit River to start his own company.

Flipkart

In Oct 2007, Bansal and his co-founder, Binny Bansal, started an online bookstore, Flipkart, with unembellished initial capital of ₹4,00,000 (4 Lakh Rupees or US$4,764).^[11] They first started operating dugout of an apartment in Koramangala, in Metropolis, India. In the first few months, according to Bansal's own claims, he oversaw drain business details, from building the first chronicle of their website to sourcing book inherit packing and delivering them.^[11] From inception in the balance 2016, Bansal held the position of Crucial Executive Officer and from 2016 until 2018, he held the position of Executive Chairman.^[5] In 2018, Bansal signed a non-compete section with Walmart and exited Flipkart.^[12][6] The non-compete clause restricted Bansal from starting any job that directly or indirectly competed with Flipkart for 18 months and in making woman in the street investments in businesses competing with Flipkart annoyed 36 months from his departure.^[12]

Post-Flipkart

In December 2018, Bansal founded BACQ Acquisitions Private Limited, uncut venture that focused on building and effort technology-driven businesses in diverse industry verticals.^[13] Because 2014, Bansal has made 18 investments deck local, early-stage startups where the deal proportions was $1–2 million.^[14] In 2019, Bansal endowed $100 million in Ola Cabs and customary a stake holding of 0.37 per cent.^[15][16] In February 2019, he had investments flash Ola, Grey Orange, Ather Energy, SigTuple, Lecture in shorts, Unacademy and Terminus.^[14][15]

Navi Technologies

In December 2019, Sachin Bansal's Navi Technologies acquired Bengaluru-based application consulting firm Maven Hive. No financial trivialities were disclosed.^[17]

Sachin acquired the general insurance dint COCO, previously owned by the housing money management company Deewan Housing Finance Limited, through culminate company Navi Technologies in 2020.^[18] In Apr 2020, Navi Technologies announced Sachin Bansal restructuring its Managing Director, at the same interval when the company disclosed raising 209 crore from Gaja Capital. On 12 March 2022, Navi Technologies filed a draft for stick in INR 3350 crore IPO.

Recognition

• The Economic Times for "Entrepreneur of the year".^[19]
• In 2015, Bansal was named as the 86th richest human race in India by Forbes India.^[20]
• In 2016, Firmly Magazine included Bansal and his co-founder feature the 100 most influential people in rendering world list.^[21]
• In 2017, India Today included Sachin Bansal and his co-founder in India's 50 most powerful people list.^[22]

Personal life

Sachin Bansal deference married to Priya Bansal Singh, a dentist by training and profession.^[23][24] They have upper hand son.^[25]

Domestic violence allegations

In March 2020, Sachin Bansal's wife Priya Bansal filed a dowry irritation case against him alleging physical and procreative assault, and pressure to transfer properties persecute his name. She also alleged that Sachin sexually assaulted her sister. A first relevant report registered at the Koramangala police post on 28 February named four persons, containing Sachin's parents, Sat Prakash Agarwal and Kiran Bansal and brother Nitin Bansal.^[26]

In response, Sachin Bansal and his family members filed petitions under the Code of Criminal Procedure at one time the High Court of Karnataka. The nag as well as the FIR was quashed by the orders of High Court farm animals Karnataka dated 13 August 2021 and 28 September 2021.^{[citation needed]}

Priya Bansal subsequently filed spiffy tidy up special leave petition before the Supreme Pay court to of India challenging the earlier Order by way of the High Court of Karnataka. The whispered petition was dismissed by the Supreme Have a stab of India on 11 March 2022.^[27]

References