Connect with us

Business

Sachin Bansal (CEO Of Navi) Wiki, Career, Net Worth And More!

Published

on

Sachin Bansal

Sachin Bansal  is an Indian entrepreneur.He is best known as the founder of Flipkart. During his over 11-year career at Flipkart, Bansal was CEO and chairman. In 2018, Bansal exited Flipkart following the Walmart deal. Sachin Bansal is now the managing director of Navi Group, a financial services company.

Quick Facts

Title Description
NameSachin Bansal
Birthday5 Aug, 1981
Age42 years old (in 2023)
DegreeB.tech in Computer Science
Occupation Businessman
BirthplaceChandigarh, India
NationalityIndian
ReligionHindu
HobbiesReading, Watching Movies
Height5 feet 9 inches
QualificationGraduate
Net Worth$50B USD
Weight70Kg
Eye ColorBlack
Hair ColorBlack
Zodiac SignLeo

Also Read: Nithin Kamath (CEO Of Zerodha) Bio, Wiki, Net Worth, And More!

Some Interesting Facts About Sachin Bansal

  • Sachin Bansal’s hobbies are Reading and watching Movies & also his favorite foods are Eggs and oats. Finally, Sachin Bansal’s favorite color is Sky Blue.
  •  His father’s name is Satya Prakash Agarwal & mother’s name is Kiran Bansal.
  •  His wife’s name is Priya Bansal (Dentist).
  • Sachin Bansal studied from college- Indian Institute of Technology (IIT), Delhi 

Early Life And Education

Bansal was born in Chandigarh, India, on 5 August 1981. His father is a businessman and his mother, is a homemaker.

Bansal was educated at St. Anne’s Convent School, Chandigarh. He attended the Indian Institute of Technology Delhi and completed a degree in computer engineering in 2005. 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.

Career

In October 2007, Bansal and his co-founder, Binny Bansal, started an online bookstore, Flipkart, with an initial capital of ₹4,00,000 (4 Lakh Rupees or US$5,600). They first started operating out of an apartment in Koramangala, in Bangalore, India. In the first few months, according to Bansal’s own claims, he oversaw all business details, from building the first version of their website to sourcing books 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.

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, at the same time the company disclosed raising 209 crore from Gaja Capital. On 12 March 2022, Navi Technologies filed a draft for an INR 3350 crore IPO.

Net Worth

According to sources his net worth is around 50B

FAQ’s

What is Sachin’s age?

He is 42 years old.

Where was Sachin born?

He was born in Chandigarh, India

Trending