Binny Bansal

$1.41 B

Ranked #2761 in World

About Binny Bansal

Binny Bansal, an influential Indian billionaire and internet entrepreneur, co-founded Flipkart in 2007, marking a significant shift in India's e-commerce landscape. His journey from a software engineer at Amazon to leading Flipkart as CEO and later as Group CEO showcases his strategic vision in the digital commerce space. Despite stepping down in 2018 amid allegations, which an investigation later partly dismissed, Bansal's impact continues through investments in startups and a notable contribution to IIT Delhi's endowment fund in 2019. Educated at IIT Delhi, Bansal's early life in Chandigarh laid the foundation for a tech-driven career, making him a key figure in India's entrepreneurial scene and earning him spots on Forbes India's Rich List and India Today's Most Powerful People rankings.

Born

December 03, 1982

Age

43 years

Source Of Wealth

Flipkart

Industries

Technology

Citizenship

India

Residence

Singapore

Education

Bachelor of Technology, Indian Institute of Technology

Spouse

Trisha Bansal

Binny Bansal was born around 1982/1983 in Chandigarh, Punjab, India. His father worked as a chief manager at a bank, while his mother was employed in the government sector. Binny received his early education at St. Anne's Convent School in Chandigarh. He then went on to study software programming at the prestigious Indian Institute of Technology (IIT) Delhi, where he graduated with a degree in Computer Science and Engineering.

Binny Bansal: Family

Binny Bansal is married to Trisha Bansal, a homemaker. The couple has twin sons. They currently reside in Bangalore, India.

Binny Bansal: Career Highlights

After completing his education, Binny Bansal worked at Sarnoff Corporation before joining Amazon as a software engineer in January 2007. However, he left Amazon after nine months to co-found Flipkart, an e-commerce platform, with Sachin Bansal.

At Flipkart, Binny Bansal served as the Chief Operating Officer (COO) until January 2016, when he was promoted to the position of Chief Executive Officer (CEO). In January 2017, he was further elevated to the role of Group CEO.

Under Binny Bansal's leadership, Flipkart grew into one of India's largest e-commerce companies. In 2018, Flipkart was acquired by Walmart, and Bansal became the Chairman and continued as the Group CEO. However, he resigned from Flipkart in November 2018 due to personal misconduct allegations.

Following his departure from Flipkart, Binny Bansal became an anchor investor in the venture firm 021 Capital, which focuses on biotechnology, agritech, and the internet. He has also made angel investments in multiple startups, including BrightCHAMPS, Virgio, Flash, Hire Quotient, and Glints.

Binny Bansal: Companies

Flipkart
Sarnoff Corporation
Amazon
021 Capital

Binny Bansal: Major Achievements

Co-founded Flipkart, one of India's largest e-commerce companies.
Led Flipkart to become the first Indian e-commerce company to achieve a valuation of over $1 billion.
Played a key role in the acquisition of Flipkart by Walmart for $16 billion.

Invested in the endowment fund of IIT Delhi with 125 crores.

Binny Bansal: Awards & Achievements

Named 86th richest person in India by Forbes India Rich List in September 2015.
Ranked #26th along with Sachin Bansal in India's 50 Most Powerful People of 2017 by India Today.

Binny Bansal: Personal Life & Legacy

Binny Bansal is known for his entrepreneurial spirit and his contributions to the growth of e-commerce in India. He is also recognized for his philanthropic efforts, particularly his investment in the endowment fund of IIT Delhi.

Binny Bansal: Trivia

Binny Bansal and Sachin Bansal are not related despite sharing the same last name.
Flipkart was initially conceived as a comparison search engine, but the founders pivoted to e-commerce after realizing its potential in India.
Binny Bansal is an avid reader and enjoys playing basketball and cricket.

Wealth History

Timeline

Around 1982/1983

Binny Bansal was born in Chandigarh, Punjab.

2007

Binny Bansal co-founded Flipkart with Sachin Bansal.

January 2016

Binny Bansal was promoted to Chief Executive Officer (CEO) of Flipkart.

January 2017

Binny Bansal was promoted to Group CEO of Flipkart.

November 2018

Binny Bansal resigned from Flipkart due to personal misconduct allegations.

2019

Binny Bansal invested 125 crores in the endowment fund of Indian Institute of Technology (IIT) Delhi.

January 28, 2024

Binny Bansal resigned from the executive team of Flipkart and divested his stake.

Binny Bansal : FAQs

What is Binny Bansal's current net worth?

Binny Bansal's current net worth is $1.41 billion.

What is Binny Bansal's current global rank among billionaires?

Binny Bansal holds the 2761st position globally among billionaires.

What is Binny Bansal's current ranking within the India?

Binny Bansal holds the 187th position in India.

What was the change in Binny Bansal's net worth compared to the previous year?

Binny Bansal's net worth decreased by 0.38 million dollars compared to the previous year 2025, when his net worth was 1.41 billion dollars.

What are Binny Bansal's main sources of wealth?

Binny Bansal's main source of income comes from Flipkart.

In which industry does Binny Bansal primarily operate?

Binny Bansal is primarily involved in the Technology industry.

What is Binny Bansal educational background?

Binny Bansal holds a Bachelor of Technology from Indian Institute of Technology.

How old is Binny Bansal?

Binny Bansal is 43 years old.

How many children does Binny Bansal have?

Binny Bansal has 2 children.

Who is Binny Bansal and what is he known for?

Binny Bansal is an Indian billionaire internet entrepreneur, best known for co-founding the e-commerce platform Flipkart in 2007 with Sachin Bansal. He has served in various roles, including COO, CEO, and Group CEO of Flipkart, before resigning in 2018. He is now an anchor investor in the venture firm 021 Capital.

What led to Binny Bansal's resignation from Flipkart in 2018?

Binny Bansal resigned from Flipkart in November 2018 due to allegations of personal misconduct. Though a Walmart investigation found no evidence of sexual assault claims, it did reveal that Bansal made poor judgment calls, leading to his resignation.

How has Binny Bansal contributed to the startup ecosystem as an investor?

Binny Bansal is an anchor investor in the venture firm 021 Capital, focusing on biotechnology, agritech, and the internet. He has also been an angel investor in multiple startups, including BrightCHAMPS and Virgio, and has invested 125 crores in the endowment fund of IIT Delhi, backing about 47 companies across 64 funding rounds.

What are some major achievements and recognitions of Binny Bansal?

Binny Bansal was named the 86th richest person in India by Forbes India Rich List in September 2015 and was ranked #26 along with Sachin Bansal in India's 50 Most Powerful People of 2017 by India Today.