Mukesh Bansal
Net Worth
Rs. 4200 crore (as of 2023)
Height
5' 9" (175 cm)
Age
48
Nation
Indian
favorite Personal Life
Basic Information
Family & Relationships
Education
person_book Biography
Some Lesser Known Facts About Mukesh Bansal
- Mukesh Bansal grew up in a middle-class family.
- His father worked for Bharat Heavy Electricals Limited (Bhel) in Haridwar, Uttarakhand.
- During his second year at IIT, Kanpur, Mukesh Bansal spent a lot of time in the library, reading books about entrepreneurship.
- He is inspired by the writings of Lee Iacocca, Sam Walton, and Akio Morita.
- While he was in the third year of his college, he decided to pursue an MBA and become an entrepreneur.
- After graduating in 1997, he worked as a systems analyst at Deloitte in Chicago for two years.
- In 1999, he moved to the San Francisco Bay Area after getting inspired by the dotcom boom.
- Mukesh Bansal then started a job portal venture with a friend but later gave it up.
- From 1999 to 2006, he worked with various early-stage companies such as eWanted, Centrata, NexTag, and newScale as an engineer and product manager.
- In 2006, he came back to India with a focus on the internet economy.
- His experience in Silicon Valley led him to launch Myntra in 2007 with Ashutosh Lawania and Vineet Saxena. Initially, Myntra was started for selling personalised gift items such as T-shirts, mugs, pens, and caps.
Mukesh Bansal at his Myntra office
- From 2007 to 2010, Myntra focused on corporate customised gifting.
- Soon, his company received funds from several big investors.
- In 2011, the business model of Myntra was changed and relaunched with a focus on fashion. Later, it became a major player in fashion e-commerce.
- Once, during a media interview, Mukesh Bansal shared that the work culture at Myntra was influenced by his work experience with different startups.
- In 2014, Flipkart acquired Myntra for $330 million, marking the largest e-commerce-related acquisition in India.
Mukesh Bansal posing with Sachin Bansal, the founder of Flipkart
- Mukesh Bansal continued as the chairman of Myntra and managed the commerce and advertising platform until 2016.
- In January 2016, he joined Flipkart as Head of Commerce and Advertising Business, where he updated the talent ideology and led the company to achieve a revenue of $5 billion in a year.
- In February 2016, Mukesh Bansal exited Flipkart and Myntra, but he continued to be an independent advisor to both entities.
- In 2016, he co-founded Cult.Fit, a fitness and well-being start-up, with Ankit Nagori in Bangalore.
- He was then appointed as the President of Tata Digital in India.
- Mukesh Bansal is also on the board of Olympics Gold Quest, a non-profit foundation supporting Indian athletes in winning Olympic gold medals.
- Mukesh Bansal is a fitness enthusiast and practices mixed martial arts and yoga every day. He often shares pictures of his workout session on social media.
Mukesh Bansal while working out at his gym
- He has invested in many start-ups such as Groww, a financial services platform, and Skyroot, known for building solid-engine rockets to carry satellites to space.
- Mukesh Bansal runs a podcast named SparX by Mukesh Bansal on YouTube.
Mukesh Bansal on the cover of one of his podcasts
- Apart from being an entrepreneur, he is also an author. In 2022, he released the book ‘No Limits’ in which he described the ways to utilize human potential through the art and science of high performance.
The cover of the book No Limits by Mukesh Bansal
- He often delivers motivational lectures on various public speaking platforms.
Mukesh Bansal on the poster of an event’s invitation
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