Binny Bansal

Binny Bansal
Nationality Indian

Home town Chandigarh, India

Net worth $1 billion (2018)[1]

Website Flipkart.com

Binny Bansal is an Indian billionaire

Internet entrepreneur.[2] In 2007 he co-
founded the e-commerce platform Flipkart
with Sachin Bansal (no relation) and was
serving as the chief operating officer until
11 January 2016 and was promoted to
chief executive officer (CEO).[3][4] In
January 2017 he was promoted to Group
CEO[5] of Flipkart. Binny is from
Chandigarh and graduated from the Indian
Institute of Technology Delhi with a degree
in computer science and engineering.[6][7]

Early life
Binny Bansal is originally from Chandigarh,
the capital city of Punjab and Haryana. His
business partner, Sachin Bansal, is also
from Chandigarh. Although they share the
same last name, they are not related.[8]
They both coincidentally, were students of
computer science engineering at Indian
Institute of Technology, Delhi. Bansal
currently resides in Bangalore. His father
is a retired chief manager at a bank and
mother is in the government sector, has no
siblings and is married to a homemaker.[9]

Early career
Before co-founding Flipkart, Binny was
previously employed with Amazon for nine
months before that he was rejected by
Google twice.[10] 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
worked with Sarnoff Corporation for 1.5
years,[11] where he developed a lane
sensor device for cars which would warn
you and beep automatically if you change
lanes without giving a signal.

Awards and recognition

In September 2015, Bansal along with
Sachin Bansal, was named the 86th
 richest person in India with a net worth
of $1.3 billion by Forbes India Rich
List.[12]
India Today ranked him #26th along with
Sachin Bansal in India's 50 Most
powerful people of 2017 list.[13]see

References
1. http://www.dnaindia.com/money/report-
mukesh-ambani-india-s-richest-for-9th-year-
flipkart-s-bansals-new-entrants-2128160
2. Srikar Muthyala (29 September 2015).
"The List Great Entrepreneurs of India in
2015" . MyBTechLife. Archived from the
original on 14 January 2016.
3. "Sachin Bansal and Binny Bansal: Book
Smart" .
4. "Flipkart sales hit whopping $1 bn, Sachin
and Binny Bansal 'run rate' stupendous" .
5. "Kalyan Krishnamurthy to take over as
Flipkart CEO, Binny Bansal Group CEO -
FactorDaily" . factordaily.com. Retrieved
2017-01-09.
6. "Flipkart success story revealed! Meet
Sachin Bansal and Binny Bansal" .
7. "What Flipkart's Funds Mean for its
Rivals" . Forbes India. Retrieved March 30,
2014.
8. "Binny Bansal" . Retrieved 13 November
2015.
9. "flipkart ceo wanted to be a gamer
snapdeal chief a food and film critic" .
Retrieved 25 November 2015.
10. "Before I got into Amazon, Google
rejected me twice. But that did not stop me
from starting Flipkart: Binny Bansal" .
Retrieved August 5, 2014.
11. "Flipkart success story revealed! Meet
Sachin Bansal and Binny Bansal" . Retrieved
20 November 2015.
12. "Forbes India rich list: Mukesh Ambani
tops for 9th year, Flipkart's Bansals debut at
86th slot" . Firstpost. 24 September 2015.
Retrieved 24 September 2015.
13. "India's 50 powerful people" . India
Today. April 14, 2017.

External links
Binny Bansal - LinkedIn

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