Binny bansal biography of mahatma gandhi

Binny Bansal

Indian billionaire Internet entrepreneur

Binny Bansal

Born or (age&#;41–42)[1]
NationalityIndian
Alma&#;materIIT Delhi
OccupationBusinessman
Known&#;forCo-founder, former chairman and CEO, Flipkart[2]
SpouseTrisha Bansal

Binny Bansal (born /) is an Indian billionaire[2][3]Internet entrepreneur.[3] As of February , his net worth was estimated at US$ billion.[1] In he co-founded the e-commerce platform Flipkart.[4][5] He was the chief operating officer until January , when he was promoted to chief executive officer (CEO).[6] In January he was promoted to group CEO, then resigned in November due to personal misconduct allegations of Flipkart.[7] He is an anchor investor in the venture firm Capital.[8] In , Bansal invested in the endowment fund of the Indian Institute of Technology (IIT) Delhi.[9]

Early life

Binny Bansal was born around /[2] His father was a chief manager at a bank and his mother is in the government sector.[10] He is originally from Chandigarh, the capital city of Punjab and Haryana.

He was educated at St. Anne's Convent School, Chandigarh.[11][12] He studied software programming at IIT Delhi.[2] He graduated from the Indian Institute of Technology Delhi with a degree in computer science and engineering.[12][13]

Career

Amazon

After college, he worked at Sarnoff Corporation, and then in January he joined Amazon as a software engineer.[2]

Early in his career, Binny was employed by Amazon for nine months, and before that, he had been rejected by Google twice.[14] he quit Amazon to co-found Flipkart.[2]

Founding Flipkart

In he co-founded the e-commerce platform Flipkart.[4] His business partner, Sachin Bansal, unrelated, also came from Chandigarh,[15] and had been a fellow student at IIT Delhi,[2] studying computer science engineering.

Biography of mahatma gandhi hindi: Health Minister J P Nadda declared in February that Flipkart was one among the companies against which action was taken by the Maharashtra FDA for selling medicines without a permit. In other projects. Binny Bansal resigned from the executive team on 28 January , and has completely divested his stake. Although an investigation by Walmart found no evidence of sexual assault, it revealed lapses in judgment regarding a consensual affair with a former employee.

He and his co-founder pooled $ for startup costs and started operating out of their apartment.[8]

Before co-founding Flipkart, 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 , they founded Flipkart as an e-commerce company. Before joining Amazon, Binny had worked with Sarnoff Corporation for a year and a half,[16] where he developed a lane sensor device for cars which would warn you and beep automatically if you changed lanes without giving a signal.[citation needed]

CEO of Flipkart

He served as the chief operating officer until 11 January , when he was promoted to chief executive officer (CEO).[6]

In , Binny Bansal became the CEO of Flipkart, where he worked on strategic development, direction and business management.[6]

In , he assumed the role of CEO of Flipkart Group and his previous position was handed to Kalyan Krishnamurthy.[17]

In , Walmart acquired a 77% stake in the Flipkart Group.

After the acquisition, Binny Bansal assumed the role of chairman and continued as Group CEO.[18] His % stake in Flipkart was valued at $1 billion after the acquisition.[19][20]

He resigned from Flipkart in November on allegations of personal misconduct.[21] According to the Wall Street Journal, a Walmart investigation failed to find evidence to corroborate sexual assault claims against him but revealed "other poor judgement calls" in how he had handled what he termed a consensual affair with a former Flipkart employee in [22]

Binny Bansal resigned from the executive team on 28 January , and has completely divested his stake.

In the last year, Binny, along with Excel and Tiger Global Management, sold their entire stake to Walmart, resulting in Binny earning $ billion.

Biography of mahatma gandhi death Binny Bansal. His leadership abilities and entrepreneurial successes gained him recognition from a variety of sources. He resigned from Flipkart in November on allegations of personal misconduct. See also [ edit ].

Walmart acquired a 77% stake in Flipkart for $16 billion in May [23]

Investing

He is currently an anchor investor in the venture firm Capital which focuses on investing in the fields of biotechnology, agritech, and the internet.[8]

He is also an angel investor in multiple startups, including BrightCHAMPS, Virgio, Flash, Hire Quotient and Glints.[24][25]

In , he invested crores in the endowment fund of the Indian Institute of Technology (IIT) Delhi.[9]

He also helped back about 47 companies so far spread across 64 funding rounds which include 28 deals in the seed stage, 14 in the early and 4 in late stage.[26]

Awards and recognition

In September , Binny Bansal along with Sachin Bansal, was named the 86th richest person in India with a net worth of $ billion by Forbes India Rich List.[27] Afterwards, India Today ranked him #26th along with Sachin Bansal in India's 50 Most powerful people of list.[28]

Personal life

Bansal currently resides in Bangalore.[10] He has twin sons with his wife Trisha Bansal,[29] a homemaker.[2][10]

See also

References

  1. ^ ab"Forbes profile: Binny Bansal".

    Forbes. Retrieved 4 February

  2. ^ abcdefghVerma, Mihir Dalal (13 January ). "Flipkart's other Bansal comes to the fore".

    Mint. LiveMint.

  3. ^ abSrikar Muthyala (29 September ). "The List Great Entrepreneurs of India in ". MyBTechLife. Archived from the original on 14 January
  4. ^ abPunj, Deepshikha (17 September ).

  5. Item 3 of 3
  6. Binny Bansal - Wikipedia
  7. Settings
  8. Clear

    9. "Sachin Bansal and Binny Bansal proudly owns , the biggest online bookstore in India". India Today.

  9. ^"Flipkart sales hit whopping $1 bn, Sachin and Binny Bansal 'run rate' stupendous". The Financial Express. 9 March
  10. ^ abc"Flipkart flips CEO post, Binny Bansal replaces Sachin Bansal".

    Livemint. 12 January

  11. ^"Kalyan Krishnamurthy to take over as Flipkart CEO, Binny Bansal Group CEO - FactorDaily". . 9 January Archived from the original on 10 January Retrieved 9 January
  12. ^ abc"Binny Bansal".

    Forbes.

  13. ^ ab"IIT दिल्ली को इन 2 पूर्व छात्रों ने दिए करोड़, करते हैं ये बिजनेस". आज तक (in Hindi). 31 October Retrieved 31 May
  14. ^ abcMookerji, Nivedita (5 August ).

    "flipkart ceo wanted to be a gamer snapdeal chief a food and film critic". Business Standard India. Retrieved 25 November

  15. ^"St. AnneS CONVENT SCHOOL,". .
  16. ^ ab"Flipkart success story revealed!

    Binny bansal biography of mahatma gandhi in english Drawing from Bansal's prior experience at Sarnoff Corporation, where he worked on innovative projects like developing a lane sensor device for cars, they pivoted towards creating Flipkart as an e-commerce giant. Bansal lives with his wife Trisha Bansal a homemaker. Wall Street Journal. Binny Bansal's journey from a computer science engineering student to a pioneering entrepreneur has left an indelible mark on India's e-commerce industry.

    Meet Sachin Bansal and Binny Bansal". dailybhaskar. 9 December

  17. ^"What Flipkart's Funds Mean for its Rivals". Forbes India. Retrieved 30 March
  18. ^"Before I got into Amazon, Google rejected me twice. But that did not stop me from starting Flipkart: Binny Bansal".

    Retrieved 5 August

  19. ^"Binny Bansal". Archived from the original on 17 November Retrieved 13 November
  20. ^"Flipkart success story revealed!

    Binny bansal biography of mahatma gandhi Binny Bansal's Resignation and Allegations. In July , Binny Bansal finalized the sale of his remaining 1. This acquisition valued his 5. Although an investigation by Walmart found no evidence of sexual assault, it revealed lapses in judgment regarding a consensual affair with a former employee.

    Meet Sachin Bansal and Binny Bansal". Retrieved 20 November

  21. ^"Flipkart appoints Kalyan Krishnamurthy as new CEO". The Hindu. 9 January
  22. ^"Walmart acquires Flipkart for $16 billion in world's largest e-commerce deal". Economic Times.

  23. Biography of mahatma gandhi hindi
  24. Binny bansal biography of mahatma gandhi pdf
  25. Tagalog biography of mahatma gandhi

    26. 10 May

  26. ^"Is Binny Bansal saying bye to Flipkart in the Walmart sellout?". Factor Daily. 26 April Archived from the original on 17 August Retrieved 25 September
  27. ^"Sachin Bansal and Binny Bansal's Flipkart journey: From Kart to Mart". The New Indian Express. 10 May
  28. ^"Flipkart and Walmart statement on Binny Bansal".

    . Retrieved 16 November

  29. ^Purnell, Newley; Nassauer, Sarah (13 November ). "Walmart's Flipkart CEO Steps Down in Wake of Misconduct Allegation". Wall Street Journal. ISSN&#; Retrieved 16 November
  30. ^"Why Binny Bansal Left Flipkart Exploring the Move and the Rise of OppDoor". 29 January Retrieved 31 January
  31. ^"One-year-old ed-tech startup BrightChamps is now valued at half a billion, after $63 million round led by Premji Invests and Flipkart's Binny Bansal".

    Business Insider. Retrieved 25 January

  32. ^"Ritesh Agarwal, Sachin Bansal, And Other Entrepreneurs Who Turned Angel Investors - Wearing Two Hats". The Economic Times. Retrieved 6 January
  33. ^"Binny Bansal: India's prolific startup investor". Fortuneindia.

    Binny bansal biography of mahatma gandhi for kids He is an anchor investor in Capital, a venture firm. Recognition and Personal Life of Binny Bansal. The emphasis would be on "training talent and offering services" from smaller Indian cities. This move reflected Bansal's strategic vision for the broader Flipkart ecosystem.

    Retrieved 7 January

  34. ^"Forbes India rich list: Mukesh Ambani tops for 9th year, Flipkart's Bansals debut at 86th slot". Firstpost. 24 September Retrieved 24 September
  35. ^"India's 50 powerful people". India Today. 14 April
  36. ^Karmali, Naazneen. "E-Commerce Entrepreneur Seeks To Mentor And Invest In Startups From Singapore".

    Forbes. Retrieved 6 January

External links