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Binny Bansal (Co-Founder Of Flipkart) Wiki, Net Worth And More!

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Binny Bansal

Binny Bansal is an Indian billionaire entrepreneur. In 2007 he co-founded the e-commerce platform Flipkart with Sachin Bansal and served as the chief operating officer until 11 January 2016 and was then promoted to chief executive officer (CEO). In January 2017 he was promoted to Group CEO and resigned in November 2018 due to personal misconduct allegations of Flipkart. He is currently an anchor investor in the venture firm 021 Capital which focuses on investing in the fields of biotechnology and the internet. 

Quick Facts

Title Description
NameBinny Bansal
Birthday 1982-83
Age41-42 years old (in 2023)
Marital StatusMarried
OccupationEntrepreneur
BirthplaceChandigarh, India
NationalityIndian
ReligionHindu
HobbiesReading, Basketball
Height5 feet 11 inches
QualificationGraduate
Net Worth$50B USD
Weight75Kg
Eye Colorblack
Hair Colorblack
CollegeIIT-Delhi

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Some Interesting Facts About Binny Bansal

  • Binny graduated from the Indian Institute of Technology Delhi with a degree in computer science and engineering.
  • In 2019, Binny Bansal and Sachin Bansal invested 125 crores in the endowment fund of the Indian Institute of Technology (IIT) Delhi.
  •  resigned in November 2018 due to personal misconduct allegations from Flipkart
  • His father is a retired chief manager at a bank and his mother is in the government sector.
  • He has twin sons with his wife Trisha Bansal.
  • In September 2015, Binny Bansal along with Sachin Bansal, was the 86th richest person in India with a net worth of $1.3 billion by Forbes India Rich List.
  • India Today ranked him 26th along with Sachin Bansal in India’s 50 Most Powerful People of 2017 list.

Early Life And Family Of Binny Bansal

Binny Bansal is originally from Chandigarh, the capital city of Punjab and Haryana. He studied at St. Anne’s Convent School, Chandigarh. His business partner, Sachin Bansal, is also from Chandigarh. Although they share the same last name, they are not related. They both coincidentally, were students of computer science engineering at the Indian Institute of Technology, Delhi.

Bansal currently resides in Bangalore. His father is a retired chief manager at a bank and his mother is in the government sector. He has no siblings and is married to a homemaker. He has twin sons with his wife Trisha Bansal.

Career

Before co-founding Flipkart, Binny was employed by Amazon for nine months, and before that, he had been rejected by Google twice. Binny Bansal and his business partner Sachin Bansal initially thought of starting a comparison search engine but realized that the market for E-commerce in India was very small. Hence, after leaving Amazon in 2007, they founded Flipkart as an e-commerce company. Before joining Amazon, Binny had worked with Sarnoff Corporation for a year and a half, where he developed a lane sensor device for cars that would warn you and beep automatically if you changed lanes without giving a signal.

In 2016, Binny Bansal became the CEO of Flipkart, where he worked on strategic development, direction, and business management. In 2017, he assumed the role of CEO of Flipkart Group, and his previous position was handed to Kalyan Krishnamurthy. Then In 2018, Walmart acquired a 77% stake in Flipkart Group. After the acquisition, Binny Bansal assumed the role of chairman and continued as Group CEO. His 5.5% stake in Flipkart was valued at $1 billion after the acquisition. He resigned from Flipkart in November 2018 on allegations of personal misconduct.

He is also an angel investor in multiple startups, including BrightCHAMPS, Virgio, Flash, Hire Quotient, and Glints.

Net Worth

His net worth as of 2023 is $50B USD.

FAQ’s

What is Binny’s age?

He is 42 years old.

Who is Binny’s wife?

His wife is Trisha Bansal

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