Sachin Bansal
Fashion & Retail

Sachin Bansal Net Worth

3 months from now

Sachin Bansal, born in India in 1981, and his friend Binny Bansal, pooled their savings of $6000 to found Flipkart in 2007. The online retailer has since become India's top internet retailer with an estimated 44% market share, and has attracted $1.9 billion from investors such as Tiger Global Management, Qatar Investment Authority and Naspers. It boasts 30 million products, 46 million registered users and 8 million shipments a month. Sachin recently became chairman and will reportedly oversee Flipkart's public listing.
Sachin Bansal is a member of Fashion & Retail

Age, Biography and Wiki

Birth Day August 05, 1981
Birth Place India
Age 41 YEARS OLD
Birth Sign Virgo
Alma mater Indian Institute of Technology Delhi
Occupation Co-founder& Executive Chairman of Flipkart
Known for Flipkart
Home town Chandigarh
Spouse(s) Priya Bansal
Website flipkart.com

💰 Net worth: $1.3 Billion (2024)

Sachin Bansal, a prominent figure in the Indian fashion and retail industry, is expected to have a net worth of approximately $1.3 billion by 2024. With his entrepreneurial skills and business acumen, Bansal has achieved remarkable success in the industry. Known for co-founding India's leading e-commerce platform, Flipkart, Sachin Bansal has revolutionized online shopping in the country. His dedication and innovative vision have not only contributed to his personal wealth but also to the growth and development of the fashion and retail sector in India.

Biography/Timeline

2003

Born and raised in Chandigarh, Bansal graduated from Indian Institute of Technology Delhi in 2003 with a degree in engineering in computer science. He originally wanted to be a professional gamer. In 2006, He joined Amazon.com as a s senior software Engineer . Soon he and Binny Bansal, a fellow Amazon.com Engineer, left Amazon to start Flipkart.

2006

After completion of degree Sachin Bansal joined Techspan company where he has served for few months. In 2006, he joined Amazon.com India as Senior Software Engineer. Then he got Binny Bansal into the Amazon.com and after 6 months they both decided to leave Amazon.They 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.

2007

Sachin Bansal and his Business partner Binny Bansal launched Flipkart from an apartment in Bangalore with 400,000 rupees ($6,500) cash. In 2007 during the early days of Flipkart Sachin Bansal and his Business partner Binny Bansal used to deliver books across Bengaluru on their scooters and in October 2015 they showed up at the doorsteps of some customers, personally delivering goods in order to gain insights from the online buyers. He was removed as a CEO of Flipkart based on performance ground in August 2016.

2016

Bansal is 65th on Forbe's 2016 Indian Billionaires List with his net-worth valued at $1.2 billion in March 2016. Bansal gained 23 spots on the Forbes India Rich list from 2015 when he was 86th on the list.

Tags 1981 births Living people Businesspeople from Chandigarh Indian software engineers Indian Institute of Technology Delhi alumni Amazon.com people Indian billionaires Indian Internet company founders Indian online retailer founders Flipkart people Indian computer businesspeople Indian technology company founders Indian technology chief executives

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About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.