Subrahmanyan, alias SNS, is the Chief Executive Officer and Managing Director of Larsen & Toubro-India’s premier multinational conglomerate with a business portfolio in Engineering, Construction, Manufacturing, Technology, and Financial Services. He has played an important role in shaping L&T into globally recognized infrastructure and technology domains, having led through almost four decades of operation.
Subrahmanyan took over from A.M. Naik in 2017, as the CMD, and is also the Vice Chairman on the Board of LTIMindtree and L&T Technology Services, Chairman of L&T Metro Rail (Hyderabad) Limited, and Director and Chairperson of L&T Finance Holdings Ltd. His career represents a nice balance of technical capability, strategic thought, and simply visionary leadership.
In this StartupTalky article, we will explore S. N. Subrahmanyan’s success story, including his early life, childhood, personal life, education, awards, philanthropy, controversy, and more.
S. N. Subrahmanyan – Biography
Full Name
Sekharipuram Narayanan Subrahmanyan
Birthplace
Palakkad, Kerala, India
Birth
16th March, 1960
Nationality
Indian
Education
Bachelor’s in Civil Engineering, Regional Engineering College (now NIT) Kurukshetra Post-Graduate Diploma in Business Management, Symbiosis Institute of Business Management (SIBM), Pune
Occupation
CEO & MD, Larsen & Toubro Limited
Known for
Expanding L&T’s footprint globally and spearheading its digital transformation
Born in Palakkad, Kerala, S. N. Subrahmanyan was raised in a family for which discipline and education formed an intrinsic part of upbringing. A high degree of work ethic and solving any given problem intelligently constituted his formative years.
Subrahmanyan did his civil engineering at Regional Engineering College, now NIT, in Kurukshetra. He was interested in the design and construction of structures. This made him recognize that leadership also needed some business acumen, which made him move ahead to get a postgraduate diploma in business management from SIBM, Pune. This was followed by an Executive MBA from London Business School, which eventually whetted his strategic thinking and leadership capability.
S. N. Subrahmanyan – Personal Life
S. N. Subrahmanyan is a pretty simple and down-to-earth person. He is married to Meena Subrahmanyan and is the father of two sons, Sujay and Suraj. He loves playing sports, which include cricket and badminton, and extends his support to works aimed at facilitating sports in the country. He also has a keen interest in Western Classical music.
S. N. Subrahmanyan – Career Highlights
Early Days at L&T
Subrahmanyan joined L&T in 1984 as a project planning engineer. Right from the start, he showed an in-depth understanding of project management and leadership. His eye for detail and how he managed complex engineering projects fetched him a string of promotions with added responsibilities. S.N. Subrahmanyan is among India’s top 10 highest-paid executives, earning a total salary of INR 51 crore in 2024.
Driving Infrastructure Excellence
One of the defining contributions of Subrahmanyan has been his role in transforming L&T’s infrastructure segment into a global frontrunner. He successfully executed some of India’s most ambitious projects, including:
The single-largest PPP in the metro rail sector of India represented their testimony to engineering capability.
L&T constructed one of the marvels of Engineering, the tallest in the world: the Statue of Unity.
The infrastructural development is contoured in the state-of-the-art airports that will dot the country in no time, including Mumbai, Bengaluru, and Hyderabad.
Smart Cities Initiative: This was a great contribution by Larsen and Toubro in the field of India’s Smart Cities Mission with respect to infrastructure in urban areas, water supply systems, and digital connectivity.
CEO and MD of L&T
Subrahmanyan was appointed CEO & MD, Larsen & Toubro, w.e.f. 2017, after A. M. Naik. It was a big landmark because he was the first professional not belonging to the founder’s family to take over as chief of the company. The priorities that this CEO emphasizes:
Diversification into technology and services increased L&T Group’s business portfolio.
To further expand internationally into the Middle East, Africa, and Southeast Asia.
Operational Efficiency: The group’s focus is on embracing digital transformation.
Subrahmanyan has been at the forefront of the latest technologies finding their way into the operations of L&T in:
L&T-NxT: A platform to create disruption in the process of engineering and construction through the use of Artificial Intelligence, Machine Learning, and the Internet of Things.
BIM: Usage of Building Information Modelling towards achieving real-time site project monitoring to allow for optimization.
Advanced Robotics: Using robotics and automation in construction activities while improving efficiency and safety.
Expanding the Technology Portfolio
Subrahmanyan has played an important role in firming up L&T’s IT services business through:
L&T Technology Services: It provides research and development engineering services to customers around the globe.
Acquisition of Mindtree: This key strategic step firmly established L&T among the mainstays in this industry.
Global Expansion
Under Subrahmanyan’s leadership, L&T has significantly increased its presence in international markets, executing projects in over 30 countries. Major projects include:
Infrastructure development in the Middle East, including airports, metro systems, and power plants
In January 2025, a viral video of Subrahmanyan’s New Year address sparked controversy. Responding to an employee’s query about working on Saturdays, he regretted not being able to mandate work on Sundays, claiming it would make him happier as he works on Sundays. He questioned employees’ activities at home and suggested they should work instead. His remarks led to online backlash, with his wife, Meena Subrahmanyan, also facing trolling. Subrahmanyan defended his stance, citing China’s longer work hours as a reason to adopt a 90-hour workweek for success.
S. N. Subrahmanyan – Philanthropy and Vision
Subrahmanyan’s vision extends beyond business success. He is deeply committed to creating a positive societal impact through L&T’s corporate social responsibility (CSR) initiatives.
Skill Building: Under Subrahmanyan, L&T has set up skill development centers across the country. These centers train less privileged youth in employable skills related to construction, manufacturing, and technology.
Education: L&T supports education initiatives by funding schools, providing scholarships, and supplying infrastructure in underserved communities. Subrahmanyan believes in empowering the next generation through quality education.
Sustainability: Subrahmanyan has championed sustainability across L&T’s projects, incorporating green building techniques, waste management systems, and renewable energy solutions. Some initiatives include: – Adoption of solar and wind energy in large-scale projects. – Rainwater harvesting systems in construction sites. – Sustainable urban development in smart city projects.
Community Outreach: L&T, under Subrahmanyan’s guidance, has made substantial contributions to disaster relief efforts, healthcare services in rural areas, and women’s empowerment programs.
S. N. Subrahmanyan – Accomplishments and Recognitions
Mr. S N Subrahmanyan Receiving India’s Best CEO – Infra & Engineering Award by Business Today
S. N. Subrahmanyan has been awarded several awards and accolades in his glittering career. These include:
Construction Week 2023: Ranked 8th in the Power 100 List as one of the most influential faces of the Middle East.
Fortune India 2022: Best CEO in the Infrastructure Sector
BT-PWC India’s Best CEOs 2022: Best CEO in the Infrastructure and Engineering category
GCC 2021: Top 50 utilities leaders
Chairman of the National Safety Council by Labour Ministry
Construction Week Magazine 2021: Ranked 11 in the Power 100 Ranking
CNBC Awaaz 2019: CEO of the year
CEO Awards 2019: Emergent Award for exemplary leadership
Construction Week Magazine 2019: Ranked 13 in the Power 100 Ranking
IIM-JRD Tata Award in 2019 by the Indian Institute of Metallurgy for his ‘service to the country through leadership in the industry, corporate governance and fulfilling of societal responsibilities.’
Qatar Contractors Forum & Awards 2014: Contractor CEO of the Year
Construction Week Magazine 2014: Ranked 36th
Construction Week Magazine 2012: Infrastructure Person of the Year
S. N. Subrahmanyan – Facts
L&T Tenure: Subrahmanyan has been with L&T for over 40 years, making him one of its longest-serving and influential chiefs.
Global Visionary: More than 30 countries saw operations during his time in the company and positioned L&T as one of the big global players.
The technophile Subrahmanyan has integrated AI, IoT, and robotics seamlessly into the operations of L&T.
Mentor: Subrahmanyan is keen on grooming talent and actively mentors several young leaders within L&T.
Low-Key Lifestyle: Despite his massive success, Subrahmanyan keeps a low profile and puts his family first.
S. N. Subrahmanyan – Legacy of Leadership
The metamorphosis of S. N. Subrahmanyan from a young project engineer to CEO & MD has been symptomatic of the power of dedication, vision, and innovation. During Mr. Subrahmanyan’s era at the helm, L&T rose to great heights and participated in multifarious aspects of infrastructure and technological development in India.
Subrahmanyan’s emphasis on sustainability, skill development, and community welfare spoke volumes about his holistic approach to leadership. His legacy will inspire leaders across India and the world as L&T pursues expansion plans under his stewardship.
FAQs
Who is S.N. Subrahmanyan?
S.N. Subrahmanyan is the CEO and Managing Director of Larsen & Toubro (L&T), one of India’s largest conglomerates with operations in engineering, construction, manufacturing, technology, and financial services.
What is S.N. Subrahmanyan education?
S.N. Subrahmanyan is a civil engineering graduate from NIT Kurukshetra and holds a postgraduate degree in management and technology from Anna University. He also completed an executive management program at the London Business School, equipping him with expertise in engineering, construction, and business leadership.
What is S.N. Subrahmanyan controversy?
In January 2025, S.N. Subrahmanyan faced backlash for suggesting employees work on Sundays and endorsing a 90-hour workweek, citing China’s work culture. His comments led to widespread criticism and trolling of his wife, Meena Subrahmanyan.
Paavan Nanda is a name that has become synonymous with innovation and strategic thinking in India’s fast-paced startup ecosystem. As the co-founder and CEO of WinZO, Nanda has redefined how millions of Indians experience gaming and entertainment. From creating Asia’s largest backpacker hostel chain to building a thriving social gaming platform, his entrepreneurial journey is both inspiring and transformative.
Through his ventures, Nanda has not only disrupted industries but also contributed significantly to the growth of India’s digital economy. His ability to identify opportunities, embrace challenges, and execute visionary ideas has earned him a place among India’s top entrepreneurs.
In this StartupTalky article, we will explore Paavan Nanda’s success story, including his early life, childhood, personal life, education, awards, philanthropy, and more.
Paavan Nanda – Biography
Full Name
Paavan Nanda
Birthplace
India
Nationality
Indian
Education
Bachelor’s in Engineering from Netaji Subhas Institute of Technology, MBA from Indian Institute of Management (IIM) Calcutta
Occupation
Entrepreneur, Angel Investor
Known For
Co-founder of WinZO, Co-founder of Zostel and ZO Rooms
Paavan Nanda was born in India and demonstrated an early interest in technology, problem-solving, and innovation. His academic background reflects his sharp intellect and desire to make a difference.
He has an engineering degree that helped him to understand technology and systems. Then he did an MBA from the Indian Institute of Management, Calcutta. The combination of technical and business knowledge was very effective in enabling him to excel as an entrepreneur.
Paavan Nanda – Personal Life
Paavan Nanda leads a relatively low-profile personal life. When not immersed in business, he enjoys traveling, gaming, and exploring new cultures. He often attributes his creative ideas to experiences gained during his travels.
Nanda is also active on social media, sharing insights on entrepreneurship, technology, and gaming trends.
Paavan Nanda – Winzo
The Idea
Paavan Nanda founded WinZO with Saumya Singh Rathore in 2018, identifying an exciting opportunity within the Indian gaming market. Worldwide, the gaming industry was witnessing phenomenal growth; however, the Indian gaming market lacked a local platform for such a huge audience. Paavan Nanda visualized vernacular gaming to reach users with entertainment in their mother tongue.
WinZO was built to bridge this gap, offering a range of games, entertainment content, and social features in 12+ Indian languages.
Early Development
From the start, WinZO was designed to be user-centric. Nanda and his team have focused on user experience, security payment systems, and content personalization. The reason why the platform has become a success is that it connects people from all walks of life and makes gaming available to all.
Rapid Growth and Achievements
WinZO picked up pace, and millions of users joined the platform. In 2021, the company raised $65 million in a Series C funding round, bringing global investors on board, including Griffin Gaming Partners and Kalaari Capital.
WinZO today stands at a valuation of more than $360 million and is considered one of India’s leading social gaming platforms.
WinZO Financials FY23
WinZO’s operating revenue grew by 188% from INR 234 crore in 2022 to INR 674 crore in 2023. Total expenses increased by 50%, from INR 375 crore to INR 564 crore. The company turned profitable, shifting from a loss of INR 130 crore in 2022 to a profit of INR 126 crore in 2023.
Before WinZO, Paavan Nanda built Zostel-the Asia’s largest backpacker hostel chain. Started in 2013, Zostel gave budget travel to India a brand-new avatar for the first time as affordable and community-focused stays for young travelers.
After establishing the success of Zostel, Paavan Nanda went on to co-found the budget hotel aggregator ZO Rooms backed by Tiger Global. Although ZO Rooms faced challenges due to market competition, it demonstrated Nanda’s ability to create innovative business models.
As the CEO of WinZO, Nanda leads with a user-first approach, emphasizing innovation, scalability, and sustainability. He would like WinZO to be a platform that empowers the creator, engages the user, and fosters community over and above gaming.
So far, Nanda’s strategic decision making-from partnering with the leading game developers to introducing gamified learning experiences positioned WinZO as a trailblazer in India’s gaming industry.
Paavan Nanda is deeply committed to giving back to society. Through his philanthropic initiatives, he supports:
Education: Scholarship and programs for underprivileged students for quality education.
Entrepreneurship Development: Mentorship programs and seed capital for new entrepreneurs, especially in underserved communities. Nanda believes that technology and education are catalysts for change, as reflected by his efforts.
Paavan Nanda – Awards and Recognitions
The wide-ranging acclaim of Paavan Nanda lies in his entrepreneurship and gaming work:
He is recognized on the Forbes India 30 Under 30 (2016) for changing the hospitality and gaming landscape.
Economic Times Start-Up Awards (2021): WinZO was recognized for innovation in the gaming space.
Featured in YourStory’s 50 Disruptive Startups (2020) as a game-changer in digital entertainment.
Paavan Nanda – Facts
WinZO’s Language Diversity: The platform offers games in over 12 Indian languages.
Zostel’s Milestone: Zostel hosts have welcomed millions of travelers across India.
Angel Investor: Nanda has invested in startups across the tech, media, and food sectors.
Innovative Partnerships: WinZO collaborates with gaming studios worldwide to deliver diverse content.
Paavan Nanda – Vision for the Future
Nanda’s journey is far from over. His vision for WinZO includes:
Expanding into international markets.
Incorporating blockchain technology to enhance gaming transparency.
Promoting gamified education as a tool for skill development.
Through his ventures, Paavan Nanda aims to continue driving India’s digital revolution, creating platforms that entertain, educate, and inspire.
Conclusion
Paavan Nanda exemplifies the spirit of modern entrepreneurship. From reimagining budget travel with Zostel to transforming gaming with WinZO, his journey reflects innovation, resilience, and a deep understanding of market needs.
His contributions to the Indian startup ecosystem have been through job creation but also in terms of giving a million-plus user base an entertaining experience localized in their space. As Nanda continues innovating, he will only impact more technology and society, setting in place his own legacy as one of India’s most visionary entrepreneurs.
FAQs
Who is Paavan Nanda?
Paavan Nanda is an Indian entrepreneur best known as the co-founder of WinZO Games, a leading gaming platform in India. Before WinZO, he co-founded Zostel, a popular backpacker hostel chain in India.
What is Paavan Nanda education?
Paavan Nanda completed his undergraduate degree from Netaji Subhas Institute of Technology and later pursued an MBA from IIM Calcutta.
What is WinZo?
WinZO is a social gaming platform where users can play games and win money.
Larry Page, the technological luminary who gave shape to the Google revolution, stands as one of the most influential forces in the field. Born on March 26, 1973, he is from Lansing, Michigan location that would come to define much of the new order of the digital world. His interest in computers when a mere child made him turn into the technology giant he eventually became.
A genius in algorithm development, Page co-founded Google in 1998 with Sergey Brin. Page’s PageRank development revolutionized how we interact with information on the Internet. However, Larry Page isn’t just a tech mogul; he’s a forward thinker who is still taking risks, pushing boundaries from his leadership of Google to his brash creation of Alphabet Inc.
In this article, we are going to explore Larry Page’s life, which will include early influences, education, career highlights, personal life, education, history, and investments as we try to understand the mind of a true technological innovator.
Larry Page – Biography
Name
Larry Page
Born on
March 26, 1973 (age 51)
Birthplace
Lansing, Michigan, US.
Education
University of Michigan (BS) Stanford University (MS) Computer Engineer Computer scientist
Occupations
Businessman
Organizations
Google Alphabet Inc.
Known for
Co-founding and creating Google Co-founding Alphabet Inc. Co-creating the PageRank algorithm
Lawrence Edward Page, born on March 26, 1973, in Lansing, Michigan, was born to change the face of the technology and innovation world. Page’s environment at an early age led him to create a difference. His father, Carl Victor Page Sr., who taught computer science at Michigan State University, was known as a “pioneer in computer science and artificial intelligence”, according to the BBC. His mother, Gloria Page, was equally influential, an instructor in computer programming at Lyman Briggs College.
Page’s father’s side of the family made him continue in Protestant traditions, but his mother’s side came from Jewish heritage, and his maternal grandfather immigrated to Israel. However, Larry’s upbringing was not religious. His parents divorced when he was eight, and the situation didn’t affect his long relations with his mother and his father’s long-term partner, Joyce Wildenthal, who also worked as a professor at MSU.
Introduced by his father to the Exidy Sorcerer computer at age six in 1979, Larry fell in love with technology. He spent an entire lifetime nurtured by those cutting-edge inventions. He learned to use this machine fast so that he didn’t just use it for school purposes but as an opportunity to inquire about everything. His older brother, Carl Victor Page Jr., furthered this curiosity by teaching Larry how to take apart and understand household items, creating a mindset of innovation and problem-solving.
Larry could remember his childhood home as a “mess” of creativity, full of technology tools strewn across the rooms. With computers and popular science magazines everywhere, he was in his learning environment. A voracious reader, Larry often sat with books, pouring inspiration that would later define his visionary outlook.
Music was a dimension that had almost the same impact on his upbringing. Larry learned multiple instruments and studied music composition, which he credited for shaping his approach to technology. His time at Interlochen Arts Camp, where he focused on flute and saxophone, instilled an acute awareness of time—a quality he likened to the precision required in computing.
He once noted, “In music, you’re very cognizant of time. Time is the primary thing. That legacy of speed influenced Google.”
Larry’s formal education started at Okemos Montessori School in Michigan, where he attended from ages 2 to 7. This nurturing environment encouraged his early love for exploration and creativity. He later graduated from East Lansing High School in 1991. His summers at Interlochen Center for the Arts, where he studied music, further complemented his academic growth.
His undergraduate years were at the University of Michigan, where, in 1995, he graduated in computer engineering with honors. His inventive genius made him first produce a functioning line plotter printer using Lego bricks, then reverse-engineer the contents of some of the proprietary ink cartridges he purchased and invent mechanics to drive them. Through these examples and all his future endeavors, he again shows an ability to put creativity to the service of technical skill.
He was also president of the Eta Kappa Nu honor society and participated in the 1993 University of Michigan Solar Car team, demonstrating his commitment to innovation and sustainable technology. He also made some innovative suggestions, such as replacing the university bus system with a driverless monorail—a very early insight into his interest in automation and efficiency.
Larry then went to Stanford University for his Master of Science in Computer Science in 1998, followed by a PhD. He initiated the research that would forever alter the internet’s landscape. Terry Winograd guided his research and was about the mathematical properties of the World Wide Web. During this time, he developed PageRank, which would become the algorithmic backbone of Google.
Larry Page is the visionary co-founder and former CEO of Google and has a career marked by innovation, bold risk-taking, and unrelenting ambition. It all started in 1998 with Sergey Brin when they decided to change the internet by building a search engine that would become the mainstay of the web. The creation of Google, one of the most influential companies in history, began as a university project at Stanford University.
However, Page’s leadership style has always challenged the status quo. He was very involved with product development in Google’s early days, always pushing the boundaries of what search engines could do. He had a vision that was far greater than mere search improvements; he saw the internet as a vessel to unlock knowledge and connect the world. Google’s meteoric rise was founded on its search algorithm Page, and Brin developed PageRank, which presented the most relevant search results based on the web’s link structure.
Page’s role changed as the company grew. He spent years working on the technical side of the business and began increasingly getting involved in defining the company’s overall strategic direction. When Google was young, Eric Schmidt became CEO in 2001. With Schmidt at the helm, Page and Brin could concentrate on product innovation, and he was excellent at running the company’s operations. Page’s deep technical expertise and relentless drive to innovate made all the difference for Google to become at the top of the tech world.
Page took over Schmidt’s position as CEO in 2011. He gave up the position of CEO and took on executive chairman. This marked a new page in the company’s history because Page had envisioned the future he wanted the company to reflect. He began by increasing the freedom of the product divisions. Leaders within those divisions were allowed greater independence when making more innovative and feasible decisions. He overhauled the senior management of Google, creating the “L-Team,” a team of senior executives who worked closely with him to keep everyone in line. This restructuring, combined with a renewed emphasis on collaboration and communication, paved the way for some of Google’s most transformative initiatives.
Under Page’s leadership, Google set a path to consolidate its products and services, honing its offerings to create a more cohesive and unified user experience. His work improving designs and user interfaces peaked with “Project Kennedy,” a program aimed at rebranding Google’s aesthetic identity across all its offerings. This project aimed at making Google’s services intuitive, refined, and cohesive, an expression of Page’s belief that simplicity and beauty should form the core of the user experience.
Page also launched Google into previously unexplored territory besides software and search innovations. He headed the company’s acquisition strategy, which focused on firms that could bring about transformative change in society. The most notable acquisition was in 2011 with Motorola Mobility, secured due to the necessity to obtain patents to keep Android safe from lawsuits by competitors like Apple and Microsoft. Although Page sold Motorola in 2014 at a loss, his vision for acquiring and nurturing new technologies allowed Google to maintain its position as a leader in the tech industry.
Larry Page and Sergey Brin
Page’s vision went beyond traditional technology. He overhauled the senior management of Google, forming the ‘L Team’ — a group of senior executives who worked with him to keep everyone in line. It marked the beginning of some of Google’s most transformative initiatives, and it did so by restructuring under the banner of collaboration and communication.
Under Page’s leadership, Google proceeded to consolidate and simplify its products and services, building a more cohesive and unified user experience.
In 2013, he created Calico, his research and development initiative to help fight aging and improve human health. This biotechnology was Page’s more general vision: to address hard, difficult problems—problems that have the potential to improve people’s lives across the planet. Additionally, he has invested in companies like Tesla Motors and Kitty Hawk to help create the future of energy, transportation, and space exploration.
In 2015, Page conceived the idea of restructuring Google into Alphabet Inc., the parent company that would separate the core internet businesses from its more risky ventures. He was replaced as Google CEO by Sundar Pichai, and Page was made CEO of Alphabet, focusing on the vision and more high-risk ventures, while Pichai was allowed to run Google day to day. Page’s decision to step down as Google CEO was a smart move and many people thought it would be a good idea to keep control of the company while taking on the next technological wave.
Although Page stepped down as CEO of Google in 2019, his presence remains strong at Google and Alphabet. His legacy is one of unyielding innovation and a bold, forward-looking vision for technology. He didn’t settle for incremental progress; he always wanted breakthrough progressions that would transform the world.
Larry Page’s personal life reflects a nice mix of personal passions, deep-rooted family commitment, and passion for innovation, with very strong elements toward sustainability and philanthropy. Like his professional endeavors, his personal path is marked by some important events, family commitments, and investments that shape not only his legacy but also his life.
In the early 2000s, Page’s personal life collided with his professional one when he briefly dated Marissa Mayer, a Google employee and later the CEO of Yahoo! This was an interesting collision of two of the brightest minds in the tech industry. However, Page’s romantic life had increasingly gravitated around long-term partner Lucinda Southworth, whom he married in 2007.
Page and Southworth’s wedding was celebrated on Necker Island, a luxury Caribbean island owned by Richard Branson, highlighting their connection’s celebrity status. Lucinda Southworth, who comes from a respected research scientist background, is also the sister of American actress and model Carrie Southworth. Page and Southworth have also started a family, with two children born in 2009 and 2011, making Page an even more devoted family man.
In 2005, he bought the historic Pedro de Lemos House in Palo Alto, California, a 9,000-square-foot Spanish Colonial Revival residence designed by Pedro Joseph de Lemos, a polymath and founder of the Carmel Art Institute. The house was constructed between 1931 and 1941.
In 2009, he started buying the surrounding lands to construct an enormous eco-friendly house. The properties he bought were carefully deconstructed, and the materials used were reused to show his dedication to environmental sustainability.
Apart from his residential deals, Page also had a penchant for the unusual. In 2011, he bought a 193-foot superyacht named Senses for $45 million. The yacht was another testament to Page’s love for discovery and adventure with a touch of luxury.
In 2013, he shared on his Google+ profile that his vocal cords were paralyzed due to an autoimmune condition called Hashimoto’s thyroiditis, which had been affecting his ability to speak normally. Yet, Page continued to lead with determination despite the challenges. He donated more than $20 million to vocal cord nerve function research at the Voice Health Institute in Boston, and his commitment to finding a cure was evident in his continued interest in scientific progress.
In 2014, through his family foundation, Carl Victor Page Memorial Fund, Page donated $15 million to fight the Ebola virus epidemic in West Africa. His generosity demonstrates a belief in using his wealth and resources to better the world against pressing global issues.
In 2021, reports indicated that Page had a resident’s visa to New Zealand, and the family had to move to this country during the COVID-19 crisis since they had been staying in Fiji. Thus, this signified Page’s desire to live in peace and away from public scrutiny, focusing on how his family has been doing with the situation.
He has bought several islands in the Caribbean and South Pacific. Some of his most recent purchases include Hans Lollik Island in 2014, Eustatia Island, Cayo Norte in 2018, and Tavarua in 2020. These properties are examples of his preference for the unique, secluded, and pristine, and give a glimpse into the lifestyle of one of the world’s most influential tech moguls.
Larry Page is one of Google’s founders. He has invested strategically in many industries to reflect his interest in innovation, technology, and space exploration. His investment portfolio consists of a few pioneering companies that advance the limits of what is achievable in their respective domains.
Announced Date
Organisation Name
Jun 9, 2016
Kitty Hawk
May 26, 2016
Planetary Resources
Apr 21, 2015
Twigtale
Sep 1, 2012
Planetary Resources
May 1, 2006
Tesla
Larry Page – Controversies
Larry Page has been involved in various controversies lately and so receives attention for his pathbreaking contributions to technological advancement and his association with grave legal and ethical concerns.
For instance, most recently, the US Virgin Islands government faced problems in serving a subpoena to Page in its civil suit against JPMorgan Chase. The suit claims that the bank is equally responsible for what had happened by being complicit in sex trafficking through one of its long-time clients, convicted sex offender Jeffrey Epstein. All documents from Page referring to the communications he made with Epstein and JPMorgan are subpoenaed about information concerning Epstein’s role in human trafficking and soliciting women to engage in commercial sex. Despite the many attempts by the US Virgin Islands to comply with the subpoena, Page has managed to avoid any action against him in court thus far. Even the government had sought leave of the Manhattan federal court to permit alternative service through the mail or other public means. Such a prolonged battle in the courtroom brings significant questions about Page’s relationship with Epstein and JPMorgan and challenges his claims within the tech space.
Further intensifying the ongoing controversy, Page’s associations with the ultra-wealthy and privileged lifestyle have ignited discussions regarding access and influence. In early 2021, during the global pandemic, Page was permitted to enter New Zealand under exceptional circumstances to accompany his ailing son, who necessitated urgent medical attention. His entry provoked scrutiny, as it was authorized through a special visa program designated for individuals prepared to invest millions into the country. Critics say this only shows that the rich have disproportionate access to privileges that others can only dream of, especially at a time when most borders were closed to foreign visitors.
Larry Page’s involvement in these long-standing controversies paints a disturbing narrative about the complexities surrounding his wealth and power. From legal entanglements surrounding Epstein’s sex trafficking operations to questions of his preferential treatment as a billionaire in New Zealand, Page’s reputation remains under intense scrutiny. While he might have been an integral part of forming one of the most influential companies in history, his actions and associations continue to spark intense debate over the responsibilities that come with significant power and wealth.
Larry Page – Awards and Recognition
Larry Page is the co-founder of Google and a visionary leader. He is known worldwide for his important work in technology and new ideas. His awards show his strong character and a major influence on the digital age.
1998: PC Magazine named Google one of the Top 100 Websites and Search Engines, starting its rise to power in the tech industry.
1999: Google won the Technical Excellence Award for Innovation in Web Application Development, establishing its technical prowess.
2000: The search engine won a Webby Award and a People’s Voice Award that further cemented its position as a revolutionary force in technology.
2001: Google won all the Search Engine Watch Awards. These included Outstanding Search Service, Best Image Search Engine, Best Design, etc.
2002: The World Economic Forum named Page a Global Leader for Tomorrow, recognizing his forward-thinking leadership.
2003: Page, along with Sergey Brin, received an honorary MBA from IE Business School, honoring their entrepreneurial spirit and innovation.
2004: Fundamentally changing how information is retrieved warranted them being awarded the prestigious Marconi Foundation Prize and inducted as Fellows at Columbia University. The same year, they received the Golden Plate Award from the American Academy of Achievement.
2005: Page and Brin were elected Fellows of the American Academy of Arts and Sciences and the world’s most influential thinkers.
2008: Google was represented by Page, who won the Communication Award at the Prince of Asturias Awards.
2009: He was awarded an honorary doctorate by the University of Michigan during its graduation commencement ceremony.
2011: He was the 24th richest billionaire in the world and the 11th richest person in the US, according to Forbes.
2014: Fortune Magazine named Page “Businessperson of the Year,” calling him “the world’s most daring CEO.” The Bloomberg Billionaires Index listed him as the 17th richest person in the world that same year, with a net worth of $32.7 billion.
2015: Voted by Google employees, Page became the #1 Chief Executive in Forbes’ “America’s Most Popular Chief Executives” list.
2017: The city of Agrigento, Italy, granted Page honorary citizenship, crediting him with making a global impact and contribution.
Larry Page – Interesting Facts
Larry Page had a very insatiable thirst for technology from a young age. His interest in the technology industry grew when he grew up in a family of computer science professors and developed a program to help his parents organize their files, a precursor to his future role as a pioneer in the technology industry.
Page co-founded Google in 1998 with Sergey Brin, who was continuing his pursuit of a Ph.D. at Stanford University.
With the PageRank algorithm, the internet changed the face of the internet by rating web pages based on how many and how good the links are.
Page became CEO of Google at the ridiculously young age of 25 and steered the company through one of technology’s most successful initial public offerings in 2004. At that juncture, leadership was vital in securing Google as the most powerful name in the new digital age.
In 2015, Page and Brin took it one step further by setting up Alphabet Inc., a parent company that includes Google and many other ventures. It allowed them to focus on new frontiers of technology while remaining in the lead in search and advertising.
Page’s efforts to solve the world’s most complex problems extend far beyond the scope of a search engine. Through his leadership, Google has pursued projects in self-driving cars (Waymo), life sciences (Verily), and renewable energy, with each project exemplifying his drive to push the boundaries of technology for the greater good.
Page bases his approach on believing that technology can help change the world. His philosophy is centered around setting ambitious goals and harnessing the power of technology to tackle the most pressing problems in society; this is exactly what has fueled Google’s success and drives his private ventures.
The page was criticized concerning the data collection done by Google, which was associated with issues about privacy. Still, he maintained support for the practices undertaken by the firm, stating that it was committed to offering specific services that met users’ needs, underlining his commitment to innovation even amidst controversy.
A relatively private individual, Page is a passionate aviator, possessing a license that exemplifies his enthusiasm for flying. His personal life reflects his professional endeavors—driven by an unwavering commitment to innovation. Page fosters an environment of experimentation and risk-taking at Google, promoting daring ideas and forward-thinking concepts.
Conclusion
Larry Page’s contributions to the internet are invaluable. Together with Sergey Brin, his hard work and smart strategies built Google into a global powerhouse. Without Google, life wouldn’t be as simple and convenient as it is today.
FAQs
Who is Larry Page?
Larry Page is a co-founder of Google, created with Sergey Brin in 1998. He developed its search engine and later became CEO of Google and Alphabet Inc., transforming online information access.
What is Larry Page net worth?
Larry Page’s net worth is $159.7 billion as of January 2025.
What is Google founder, Larry Page age?
Larry Page was born on March 26, 1973. He is 51 years old.
Who is Google founder?
Google was founded by Larry Page and Sergey Brin in 1998.
Who is the owner of Google?
Google is owned by Alphabet Inc., its parent company. Alphabet’s largest shareholders include its co-founders, Larry Page and Sergey Brin, along with other investors.
What is Larry Page education?
Larry Page studied Computer Engineering at the University of Michigan for his bachelor’s degree. He then pursued a Master’s and PhD in Computer Science at Stanford University, where he met Sergey Brin and started Google.
When was Google founded?
Google was founded on September 4, 1998, by Larry Page and Sergey Brin while they were PhD students at Stanford University.
Tarun Mehta is the face of innovation, sustainability, and India’s mobility future. He is the co-founder of Ather Energy, a company that is changing the EV narrative in a country that balances tradition with modernity.
Tarun was born in a Marwari family that believed in discipline and aim in Ahmedabad, Gujarat. Tarun’s story proves the power of vision resilience and leaves a lasting impression. Great ideas, when combined with hard work and grit, can transform this world.
We will explore the life of this visionary entrepreneur. Moreover, we will read about his early life, career milestones, education, controversies, and how he overcame challenges to help drive the EV revolution in India.
Tarun Mehta was born in Ahmedabad, Gujarat, on October 31, 1989, to a traditional Marwari family that advocated discipline, culture, and ambition. Tarun was a naturally curious creature and a man who was determined in all his work from an early age. His formative years in Ahmedabad were critical.
During his school years, Tarun was a sharp intellect and a relentless seeker of knowledge. His academic performance and ability to tackle challenges with determination and focus were always consistent.
After finishing his primary education, he took up the challenge of cracking the IIT-JEE with an open heart and prepared himself so that no stone was left unturned. With sheer hard work and laser-sharp focus, he overcame every obstacle.
His efforts paid off. He excelled at the IIT-JEE and secured a seat for himself at IIT Madras. Tarun opted for Mechanical Engineering there, attracted by innovations.
His interest in entrepreneurship began quite early. He was part of the Entrepreneurship Cell at IIT Madras during his second year and learned how to build and run businesses. This experience polished his skills and connected him with like-minded individuals.
That was when Tarun met Swapnil Jain, another engineering branch mate. The two loved problem-solving and sustainable technology, so they’d talk about starting something of their own. Moved by the same vision, they wanted to implement their ideas and create a startup to tackle the burning issues in sustainability and mobility.
The pair started to think of ideas and eventually hit upon Ather Energy, which means the Greek word ‘Ather’, which means pure. This name stood for their dedication to building clean and efficient technologies. Their first target was to develop cleaner engines, but as they got into the business of electric vehicles, that would become their life’s work.
Tarun’s professional journey began during his college years with internships that provided him with valuable industry insights:
National Institute of Design (NID), Ahmedabad (2009): Tarun researched the concept of open innovation and how companies use collaborative strategies to drive market innovation.
2010, Mercedes-Benz Research and Development, India: He worked on engine weight reduction for diesel engines in passenger cars, which led to insights into engine manufacturing and optimization.
Bharat Heavy Electricals Limited (BHEL, 2011): He designed, prototyped, and tested equipment for coal ash testing at BHEL and proved he could translate theoretical knowledge into real-world solutions.
Tarun did his degree and joined Ashok Leyland as Deputy Manager in 2012. He worked on campus, within the sprawling Chennai campus. Even with limited resources and slow onboarding processes—he didn’t have a dedicated computer for the first few months—this phase gave him a chance to contemplate his career aspirations.
Founding Ather Energy
When Tarun returned to IIT Madras, he and his college friend Swapnil Jain started looking for opportunities in electric mobility. The duo realized that electric vehicles (EVs) could change the game of the automotive industry, so they founded Ather Energy in 2013.
They started in an empty hostel room, with much work to improve battery packs and reimagine EV technology.
Launching an EV startup in India was not as easy as it seems. Tarun faced numerous challenges:
Talent Acquisition: Individuals with expertise in electric vehicles and new product development were particularly hard to find.
Technology Investment: A persistent hurdle was convincing investors to support significant upfront investments in technology.
But Tarun and his team were determined to create a fully indigenous product. So, they designed India’s first intelligent electric scooters, the Ather 450X and 450, with their advanced technology, exceptional design, and user-friendly features.
Ather’s philosophy was driven by Tarun’s belief that “electricity doesn’t mean some new invention; it’s a better product.” He even foresaw that electricity would eventually dethrone petrol, outclassing it in performance and the environment.
Hero MotoCorp: This partnership gave us great insights about the rigorous product testing and helped Ather get focused on customer experience.
Sachin Bansal: The advice of the Flipkart co-founder to prioritize customer love over cost reduction shaped Ather’s product development.
Scaling Ather Energy: Ather Energy, led by Tarun, has raised over $170 million and reached an $800 million valuation by 2023. Revenue was reported at INR 2,000 crore ($300 million) early in 2023, and the company hopes to reach $1 billion by year-end.
Advocacy for EV Ecosystems
Tarun Mehta believes that the adoption of EV technology will be successful only if an ecosystem for electric vehicles (EVs) is built comprehensively and sustainably. His advocacy extends across multiple facets of the EV ecosystem:
Developing Robust Charging Infrastructure
Tarun has emphasized the need for an accessible and widely spread charging station network. Ather Energy was the first to introduce Ather Grid, India’s first network of bright charging points for Ather scooters and other electric vehicles. These charging points are strategically placed in cities, so EV charging is as convenient as petrol vehicle refueling.
In a world where charging stations are just as common as fuel stations, Tarun sees a future of long-distance travel and reduced range anxiety among EV users.
Collaborating with Suppliers and Stakeholders
Tarun has been very active with suppliers and manufacturers to ensure that a localized supply chain is set up to ensure seamless operations and high-quality products. This would involve sourcing all Indian-made parts like batteries, motors, and controllers to decrease import dependency and manufacturing costs.
He works with stakeholders such as policymakers and industry leaders to create a space for fast-paced innovation in EVs.
Promoting Policies Encouraging EV Adoption
Tarun supports government policies that make EVs more attractive to consumers. His focus areas include:
Subsidies and Incentives: Tarun has said that EVs need financial incentives, such as tax breaks and subsidies, to be competitive.
Regulatory Support: He has also demanded stricter emission norms and fuel efficiency standards to motivate automakers to adopt cleaner technologies.
Battery Recycling and Disposal Policies: Tarun is actively developing practices to reduce the negative environmental impact of recycling and disposing of waste batteries from used EVs.
Tarun Mehta – Ather
Tarun Mehta’s career is a story of perseverance, innovation, and sustainability. From a hostel room in his early days to revolutionizing India’s EV landscape, his story is a testament to his vision, hard work, and relentless focus on delivering value to customers. Through Ather Energy, he continues to inspire a new generation of entrepreneurs and build a greener, more connected future.
Tarun Mehta and Swapnil Jain co-founded Ather Energy in 2013, and in a short time, it emerged as an EV market pioneer in India. IIT Madras alumnus Mehta embodies patience and precision, perfectly exemplifying how Ather has journeyed. He oversaw the company, spending five years developing its first electric scooter from the ground up, ensuring it was up to the highest standards before rolling onto the streets. Mehta’s keenness on the premium market means Ather also focuses on it.
Ather’s ethos is deep R&D; its scooters result from a decade of research into battery technology and design. The Ather 450 series, including the 450X and 450 Plus, showcases cutting-edge features, lightweight aluminum structures, and long-lasting batteries. Ather batteries are proudly durable, retaining 85-90% capacity even after years of use, cementing Ather’s reputation as the safest and most reliable EV on the market.
For Tarun Mehta, competition is a growth catalyst, and he is open to leading legacy players such as Hero and Bajaj into the EV space. “The more we have in the EV space, the more options we have for the consumer and us manufacturers,” he says. Mehta believes the industry’s united effort is the first step in speeding up the shift from internal combustion engines to electric vehicles and creating a better environment for consumers to become aware of and trust electric cars.
Ather Financials
Ather Energy made a revenue of INR 1,789 crore in the financial year 2024, which is about the same as the previous year. However, the company’s losses increased by over 22%, reaching INR 1,059 crore during this time.
Ather embodies India’s Aatmanirbhar Bharat vision. The company differentiates itself from the pack by designing and building its scooters domestically and with pioneering touchscreen dashboards, even before smartphones were made in India. With over 10,000 employees, the company has filed 60 to 70 patents. It is leading the EV industry in R&D. Mehta’s focus is now on manufacturing lithium-ion cells, using government incentives to reduce dependence on imports and build self-reliance.
Under Mehta’s guidance, Ather has scaled its monthly production to 35,000 units, consistently attempting to hit 30,000 units. Its Hosur plant, near Bangalore, is the backbone of its operations, and the company is already planning its next manufacturing facility. Mehta says profitability is a few years away. Still, he is confident Ather can reach $1 billion in revenues this year, putting the company on track to become a global EV leader.
Ather has changed the game on EV charging with its fast charging network, Ather Grid, which has more than 1,000 points across 80+ cities in India. Thanks to forward and backward compatibility, Mehta’s decision to offer chargers as optional accessories means that customers upgrading to newer models will enjoy a seamless and cost-effective experience.
The Ather philosophy is all about quality and innovation. The company improves user experience by adding features like Ather Stack 5.0 to its robust aluminum scooter frames. Mehta’s philosophy of remaining faithful to Ather’s vision, guided by early input from investor Sachin Bansal, means the brand can withstand the rapid change in the industry.
Tarun Mehta, now 35, has already etched his name in India’s EV landscape. Under his leadership, Ather Energy has become a symbol of innovation, self-reliance, and sustainability. Mehta’s visionary leadership is set to reframe the future of electric mobility for Ather Energy, which has ambitious plans for scaling production, upgrading technology, and entering the global market.
In August 2024, Ather Energy was criticized online for sharing pictures of its office’s Onam celebration. The images also showed employees feasting on an Onam Sadhya meal and co-founders Tarun Mehta and Swapnil Jain in traditional Kerala attire. However, including chapatti, a non-traditional Sadhya item, received widespread backlash online.
One of Kerala’s most significant cultural festivals, the Sadhya, traditionally served on banana leaves, is one of the most important parts of Onam. However, the addition of chapatti, a northern Indian staple, was a cultural faux pas that was criticized on social media platforms. Users were disappointed with the inconsistency in honoring Kerala’s traditions.
The incident turned controversial, though. Ather’s CEO, Tarun Mehta, posted the photos to show the company’s festive spirit. Later, Ather released a statement admitting the mistake and explaining that they didn’t want to mark Onam in a way that would hurt people.
Customer Service Complaints
Like many growing companies, Ather Energy has faced occasional criticism of its customer service. Social media has been filled with issues ranging from scooter delivery delays to worries about after-sales support. Some customers have complained that the service centers have been slow in resolving technical problems, resulting in frustration.
Ather has made quite some efforts to improve customer service by bringing in online responsive support channels and service camps; however, these incidents indicate the scale of operations and their service standards.
Tarun Mehta – Awards and Recognition
Listed on the Forbes 30 under 30 in 2018
He is also listed on the Fortune 40 under 40 list in 2017 & 2019 for the innovative product.
Received Jagdish Khattar Rising Star Award in 2023
AIMA India dedicated the Young Entrepreneur Award in 2023 to Tarun Mehta
He received the IBT CEO Awards 2024, which was recognized for his leadership at Ather.
Electric Two Wheeler of the Year Award from Zee News was received by Tarun Mehta in 2021 for Ather 450X.
FAQs
Who is Tarun Mehta?
Tarun Mehta is the co-founder and CEO of Ather Energy.
What is Tarun Mehta education?
Tarun Mehta completed his Bachelor’s and Master’s in Engineering Design from the Indian Institute of Technology (IIT) Madras. His education laid the foundation for his innovative work in the electric vehicle industry.
What is Tarun Mehta age?
Tarun Mehta is 35 years old. He was born on 31 October 1989.
Asish’s life story is true of perseverance, innovation, and determination. Asish has managed to defy the odds in building a successful company that flourished as a category leader and is now a symbol of resilience. Asish’s journey with OfBusiness was one of building from scratch. Moreover, he faced many challenges, but his unwavering belief in his vision made him a pioneer in his field.
This StartupTalky feature will give you a look into Asish’s biography, his challenges, and how he founded OfBusiness. His passion compelled him to make difficult decisions that helped create his company’s future.
Throughout this story, we will explore Asish’s entrepreneurial journey, battles, the pivotal decisions that made all the difference, and how he made his dreams come true. Though Asish’s path wasn’t easy, his ability to focus, adapt, and innovate took him to incredible success.
We invite you to learn the inspiring story of Asish, the entrepreneur who made his vision a thriving business, proving that persistence and determination can get you anywhere. In this StartupTalky article, we will explore Asish Mohapatra’s success story, including his early life, history, net worth, childhood, personal life, education, investments, and more.
Asish Mohapatra – Biography
Name
Asish Mohapatra
Date of Birth
1980
Birthplace
Cuttack, Orissa
Education
SCB Medical Public School Ravenshaw College B.Tech in Mechanical Engineering, IIT Kharagpur MBA, Indian School of Business, Hyderabad
Asish Mohapatra’s educational background bears testimony to his determination and love for knowledge and is a strong foundation for his entrepreneurial success. Asish was born and raised in Odisha and pursued his early education with a keen interest in academic excellence, eventually leading him to some of the most prestigious institutions in India.
One of Odisha’s most renowned institutions, Ravenshaw University, was where Asish started his higher secondary education. He did his 10+2 here, with a strong focus on science, but particularly excelled in Physics since his mother was a Physics professor. His time at Ravenshaw was spent honing his analytical skills, which would play a part in his future academic success.
One of the top engineering institutions in India, the Indian Institute of Technology, Kharagpur, accepted Asish. He did a B.Tech in Mechanical Engineering from IIT Kharagpur, which indicates his ability to solve problems and innovate. As a result of this rigorous program, he gained a technical foundation that he would later use to build OfBusiness, a technology-driven B2B industrial goods platform.
Asish moved to Hyderabad to gain valuable work experience and then went on to do an MBA in Finance and Marketing from the Indian School of Business (ISB). ISB was known to have globally recognized programs, and his business acumen, strategic thinking, and leadership skills were further polished. Asish spent time at ISB and learned much about financial management, marketing strategy, and entrepreneurial frameworks, which helped him become a founder and a CEO. After graduating, he joined McKinsey & Company as an Engagement Manager, one of the world’s foremost consulting firms.
After four years in consulting, four of those were spent at McKinsey refining his consulting skills, predominantly working in healthcare. He consulted with multinational corporations as well as Indian companies on pharmaceuticals, medical equipment, and pharmaceutical support services. This not only expanded his view of business operations but also provided him with the chance to work with leaders and strategists across the globe. During this time, he met his future wife and future business partner, Ruchi Kalra.
In 2010, Ashish moved to the venture capital side of the business as a Senior Associate at Matrix Partners. As a board member for multiple healthcare and portfolio companies, he gained invaluable experience here. While he was there, he also worked very closely with startups and entrepreneurs, helping them evaluate their business models, guide their strategy, and understand the intricacies of venture funding. Years spent at Matrix helped him understand the challenges a startup faces, and it shaped his entrepreneurial mindset.
Ashish Mohapatra left Matrix in 2015 with a bold vision: to build a one-stop platform for small and medium enterprises (SMEs) in India. He co-founded OFB Tech Pvt Ltd, better known as OfBusiness, with his wife, Ruchi Kalra, in Gurugram. The company set out to disrupt the B2B commerce and fintech space by offering SMEs industrial goods and tech-enabled financing solutions.
At first, OfBusiness procured raw materials like metals and cement for manufacturing and infrastructure industries. Despite achieving early success, Ashish identified a critical gap in the business: the absence of credit facilities for customers. Realizing that over 95% of transactions were on credit, he changed the company’s model to include in-house financing.
Building a credit-focused startup without prior experience in the field is a herculean task. However, 73 venture capitalists rejected Ashish, and many thought his vision was unviable. He and Ruchi didn’t let it phase them. They spent a year studying balance sheets, meeting SMEs, and understanding their pain points. When Zodius Capital led the first funding round for OfBusiness in 2016, this rigorous groundwork paid off.
The game changer was the introduction of tech-enabled, low-interest, collateral-free loans. The business slashed loan disbursement times from 90 days to 72 hours, making it much more appealing to SMEs. The company disbursed INR 100 crore in loans and had earned INR 500 crore in revenue by 2018.
By 2021, OfBusiness had become a full platform for industrial goods, specialty chemicals, agricultural products, and digital services like BidAssist and ProcureAssist. The company’s lending vertical had INR 1,500 crore loan books, and the company had served over 7 lakh SMEs.
OfBusiness raised INR 1,300 crore in funding from Tiger Global in August 2021, which raised its valuation to INR 10,000 crore and made it a unicorn. It became one of India’s fastest-growing startups, reporting INR 603 crore profit in FY24 and over INR 19,000 crore revenue.
OfBusiness Financials
Apart from OfBusiness, Ashish and Ruchi co-founded Oxyzo Financial Services in 2016. In addition to becoming the first Indian couple to each lead a unicorn company, the fintech firm focusing on SME financing also became a unicorn itself. This also strengthened Oxyzo’s reputation as a visionary entrepreneur who could make money.
Asish Mohapatra – Personal Life
Asish Mohapatra was born in Cuttack, Orissa, in 1980 and was brought up in a family with strong academic values and a zeal for excellence. His mother, Mishra Kuku, was no slouch either, being an IIT graduate and a college Physics teacher. This environment’s intellectual curiosity and discipline had a great deal to do with Asish’s early years. Growing up with his sister, Snigdha Mohapatra, he lived with a close-knit family that valued education, integrity, and resilience.
Asish did his ICSE (10th) from SCB Medical Public School, Cuttack. His higher secondary education (10+2) was done at Ravenshaw College. Asish became known for his determination and focus and later got into the prestigious Indian Institute of Technology (IIT), Kharagpur, where he completed a B.Tech in Mechanical Engineering. Headed to the Indian School of Business (ISB) Hyderabad for an MBA, he further complemented his strong academic foundation and technical acumen with his entrepreneurial success.
While working at McKinsey & Company, Asish met his future wife, Ruchi Kalra. Like Asish, Ruchi is a highly accomplished person, and their shared ambition and complementary skills drew them closer. Eventually, they married and became a formidable team, personally and professionally. Asish and Ruchi made history as the first Indian couple to successfully raise their startups to unicorn status independently—Asish with OfBusiness and Ruchi with Oxyzo.
The couple is blessed with a daughter, Khushi Mohapatra, who brings joy. Asish loves to spend time with his family and is a doting father. Balance, support, and dedication have been crucial to his professional and personal success.
Asish’s hobbies and interests also make his personal life more prosperous. He loves creative writing, keeping collections, and indulging in sporting activities. Fluent in Bengali, Hindi, English, and Oriya, he has a deep interest in language and communication, which is often expressed in his writing of blogs. He is disciplined and committed to managing both his personal and professional responsibilities.
Mohapatra’s family epitomizes synergy between personal support and professional achievement. Asish often credits his family as his pillar of strength, and they helped him navigate the challenges of entrepreneurship. Asish’s personal life reflects his belief in resilience, hard work, and the importance of a supportive family environment, having a strong bond with a shared vision for the future.
Asish Mohapatra – OfBusiness
Ashish Mohapatra’s journey involves perseverance, adaptability, and innovation. His leadership has set the B2B commerce stage on fire in India, and his focus on profitability and sustainability has inspired thousands of entrepreneurs. Despite all the success, Ashish is grounded and builds an equal, fraternal, and shared-purpose culture in the workplace. His story is a success story of how setbacks can be the stepping stones to success.
At a time when lofty valuations tend to overshadow fundamentals of sustainable growth and profitability in Indian startups, Asish Mohapatra has found his space. Mohapatra, co-founder and CEO of OfBusiness and co-founder of Oxyzo Financial Services, is a rare breed of entrepreneur who values profitability and long-term value creation over vanity metrics. The power couple has built two profitable unicorns in a market that is largely loss-making, alongside his wife and business partner Ruchi Kalra.
OfBusiness (OFB Tech) was founded in August 2015 to simplify procurement and financing for small and medium enterprises (SMEs) in India. It is a tech-driven B2B platform that integrates raw material procurement, credit, and financial services seamlessly. Mohapatra’s journey with OfBusiness has been defined by his intimate grounding in the SME ecosystem and his relentlessness in building a profitable enterprise.
Mohapatra had a stellar academic and professional background before he ventured into entrepreneurship. He was an IIT Kharagpur mechanical engineer and then earned an MBA from the Indian School of Business (ISB). He spent over four years at Matrix Partners, where he gained valuable knowledge of venture capital and the startup ecosystem.
Bold was the leap from the cushy world of VC to the gritty realities of running a startup. With support from SoftBank, Mohapatra navigated OfBusiness through the nuances of scaling a B2B platform.
2016, Mohapatra and Kalra founded Oxyzo Financial Services to work alongside OfBusiness. Oxyzo, a specialized fintech venture, offers working capital financing specifically for SMEs to enable them to have the liquidity required to grow and survive. Oxyzo’s CEO, Kalra, was instrumental in scaling the company. Her engineering background (IIT Delhi) and management (ISB), plus nine years at McKinsey, gave her a solid base to fuel Oxyzo’s rapid growth.
They went on to make Oxyzo one of the rare fintech startups in India that became profitable in their infancy. Its success owes much to its innovative approach to credit underwriting based on OfBusiness’s deep operational insights.
Mohapatra’s philosophy revolves around a simple but powerful mantra: sustainable growth. At OfBusiness’ Gurugram office, Mohapatra shared his belief in building ventures that focus on profitability and differentiation while being motivational. An entrepreneur’s journey, he said, is through stages of happiness and delight and, eventually, the ‘aha’ moment when your business becomes perpetually growing, you make the profits. It’s no longer easy for competitors to replicate your model.
This is unlike many startups that burn cash to double their growth; OfBusiness and Oxyzo are more focused on delivering tangible value to their customers. They have earned their admiration and are outliers in India’s unicorn landscape.
Oxyzo and OfBusiness have transformed India’s B2B and fintech sectors. Oxyzo provides hassle-free credit for SMEs, while OfBusiness simplifies procurement for SMEs through tech-driven solutions. They are bridging critical gaps in the SME ecosystem, helping businesses scale efficiently.
Mohapatra imagines a world where startups are applauded not just for their valuations but also for their ability to generate lasting value. His journey is a testament to disciplined execution, customer-centric innovation, and a commitment to profitability, all lessons that can be applied in any industry.
Asish Mohapatra’s leadership as CEO of OfBusiness and Oxyzo Financial Services is a case study in the art of marrying vision and execution. In the age of cash-hungry startups, Mohapatra and Kalra have changed the meaning of a unicorn. Their story gives the next generation of entrepreneurs a new focus on fundamentals: profitability and growth need not be mutually exclusive but essential ingredients to long-term success.
Apart from being a successful entrepreneur, Asish Mohapatra has been an active investor in the startup ecosystem. His investments reflect his belief in helping foster innovation and supporting the growth of promising startups across all industries. Here’s a list of some notable investments made by Asish Mohapatra:
Announced Dates
Organisation Names
July 2023
Freakins
April 2023
Kikibix
August 2022
TyrePlex
August 2022
ApniBus
August 2022
Liquide
December 2021
TranZact
September 2021
ConnectedH
September 2021
GoKwik
September 2021
Dezerv
August 2021
OTO Capital
Asish Mohapatra’s investments result from his thorough understanding of sectors that he has been involved in in his entrepreneurial journey, including SMEs, fintech, and technology-driven solutions. His background in scaling businesses and ability to find ventures with high growth potential makes his choices.
Asish Mohapatra – Interesting Facts
Dual Unicorn Founder: Ruchi Kalra and Asish Mohapatra, with her as co-founder and him as co-founder, have co-founded two unicorn startups—OfBusiness and Oxyzo.
Early Career Leader: He graduated from IIT Kharagpur and joined ITC Ltd. at a young age. He then managed a team of over 1,000 people.
Rejection Didn’t Stop Him: When pitching for funding, Asish’s OfBusiness funding pitches were rejected 73 times in 2016 before he struck gold. His perseverance set him on the road to his eventual billion-dollar empire.
First Couple of Unicorns: Asish and Ruchi Kalra, India’s first couple to individually lead startups to unicorn status, are celebrated.
Healthcare Expertise: Asish worked extensively at McKinsey & Company, working extensively on healthcare and with multinational corporations and Indian companies in the pharmaceuticals and medical equipment space.
Educational Brilliance: Asish is among the most qualified people you can meet, with a B.Tech in Mechanical Engineering from IIT Kharagpur and an MBA from the Indian School of Business, Hyderabad.
Creative Multitasker: In addition to entrepreneurship, Asish has a knack for creative writing and speaks Bengali, Hindi, English, and Oriya.
Success Mantra: His guiding philosophy is “When the going gets tough, the tough get going!” This quote describes the journey from failure to success.
SoftBank Support: In 2021, his startup, OfBusiness, became a unicorn after raising $160 million, led by SoftBank, bringing its valuation to roughly $1.5 billion.
Global Vision: Asish’s startups are not just financial success but are pioneering in providing secured and unsecured credit to SMEs for growth across sectors.
Licensed Director: In 2020, the Indian Institute of Corporate Affairs certified Asish as an independent director, which signifies his ability to lead in various roles.
Family Inspiration: Asish’s academic and professional journey started with an IIT graduate and college physics teacher’s mother, who inspired him with discipline and excellence.
Sports Enthusiast: He likes sporting records and admires Chinese badminton player Lin Dan.
Team Spirit: In 2015, Asish’s journey with OfBusiness started with a close-knit team, many of whom stayed with him through thick and thin. In 2016, he launched Oxyzo as a spin-off.
Unicorn in Record Time: OfBusiness became a unicorn in 2021, and Oxyzo right behind it in 2022, becoming a unicorn itself.
FAQs
Who is Asish Mohapatra?
Ashish Mohapatra is the co-founder and CEO of OfBusiness, a B2B commerce platform that provides raw material procurement, financing solutions, and technology tools for SMEs. He is also the co-founder of Oxyzo Financial Services.
Who is Asish Mohaptra wife?
Ashish Mohapatra’s wife is Ruchi Kalra. She is the co-founder and CEO of Oxyzo Financial Services, a fintech company that provides working capital financing to SMEs. Ruchi is also a co-founder of OfBusiness, along with Ashish. The couple is well-known for their entrepreneurial success and building unicorn companies together.
What is Asish Mohapatra education?
Ashish Mohapatra completed his undergraduate degree in Mechanical Engineering from IIT Kharagpur and then pursued an MBA from the Indian School of Business (ISB), Hyderabad. His strong educational foundation helped him develop the skills necessary to co-found successful ventures like OfBusiness.
Prabhkiran Singh is the Director and Co-founder at Bewakoof, one of India’s largest casualwear and lifestyle brands. The company keeps a regular check on trendy fashion products and offers their customers an affordable price for the products. Its net worth has increased by 7.39%. The estimated annual revenue of Bewakoof in 2020 was INR 200 Crores.The net worth of Bewakoof is estimated at INR 100 Crores.
In this StartupTalky article, we will explore Prabhkiran Singh’s success story, including his early life, history, net worth, childhood, personal life, education, investments, achievements, and more.
Prabhkiran wanted to become a cricketer and play for India. He did not think he could do a 9-5 job which is why he started working or planning on his entrepreneurial journey from his college days. Prabhkiran started his first business venture in his college days with a lassi cafe, known as khadke gLASSI, before co-founding Bewakoof.com in the year 2012. He currently resides in Mumbai, Maharashtra, India.
Prabhkiran Singh – Education
Prabhkiran Singh’s educational resume shows that he studied Bachelor of Technology degree in Civil Engineering from the Indian Institute of Technology (IIT), Bombay from 2007-2011.
Prabhkiran Singh – Professional Life
Prabhkiran was an internship trainee for two months at Delhi Metro Rail Corporation Ltd. He kept a check on the maintenance and Quality Audits of newly built Metro Civil Structures.
He founded “khadke gLASSI” which ran for eight months from February 2010 to September 2010. The company produced a chain of lassi outlets selling fresh and flavored lassi, via take-away joints, opened with the vision to tap the “latent” lassi market of India. The Times of India and the National News Channel News 24 featured the venture and appreciated the innovative business model.
At the age of 23, he founded his online fashion and lifestyle venture, Bewakoof in 2012. Under his supervision, Bewakoof has grown by leaps and bounds. He has been actively growing the business since its formation.
Prabhkiran Singh – Founder of Bewakoof
Prabhkiran Singh is the Director and Co-founder at Bewakoof. He founded Bewakoof Brands Private Limited in April 2012, headquartered in Mumbai, Maharashtra, India with his friend and Co-founder, Siddharth Munot.
The business model of Bewakoof is backed by strong innovation in Technology and Supply Chain with an aim to make fashion affordable and accessible to the youngsters of India. The site receives half a million visitors per month, mostly transmitted from their own social media channels.
Bewakoof is the biggest D2C online brand in India and the company aims to be the most loved and respected brand among youngsters. The four days of Mind to Market in Printed Products made Bewakoof the fastest supply chain in the segment. Now it literally sells 1 lakh products per month and ships to more than 19000 pin codes.
Prabhkiran has been working on it since his IIT Mumbai days and discussed the do’s and don’ts with his hostel friends. He aimed to balance high-quality products with the price of a product, to make it affordable for all. He strongly believed in team spirit and ethics and worked with his employees as brand partners.
Bewakoof is one of the fastest-growing online-only fashion and lifestyle brands in India. It captivates with its casual, impactful, and stylish approach. The brand is a symbol of quirky and cool fashion available to the customers at affordable prices which acquires a significant fondness among people and has a cool and funky approach across all social media platforms.
Bewakoof is specially made for youngsters and has a strong base of audiences across its social media platform. About ten Bollywood movies advertised and merchandised the e-commerce venture with over 3000+ style trends. It caters to the younger audience mostly of the 15-35 age group and has a widespread collection in men’s and women’s categories.
Bewakoof initially started with an investment of INR 30,000. The company started receiving seed funding after six months of operations. Prabhkiran also raised angel funding via Snapdeal founders, Kunal Bahl and Rohit Bansal, and Former IDFC Securities MD, Nikhil Vora.
Aditya Birla’s TMRW acquired a majority stake of 70-80% in Bewakoof by investing INR 200 crore in the company in December 2022. As of February 15, 2023, Bewakoof Brands is now a step-down subsidiary of Aditya Birla’s TMRW.
Prabhkiran Singh – Idea behind the name Bewakoof
The name Bewakoof is a Hindi word that means one who does not understand anything. Prabhkiran revealed that Bewakoof is all about adding cheerfulness, making it less boring, more fun, less serious, less worrying, and more hopeful. It signifies the light-heartedness of life, by enabling Self Expression via Products that make the shopping experience fun and affordable at the same time.
Thus we can say that a Bewakoof is someone who follows his heart. He does not act in accordance with societal constraints. The Indian young population is undoubtedly a cool generation that believes in following their hearts, thus Bewakoof eventually becomes a relatable brand.
Bewakoof Financials 2023
In FY23, Bewakoof’s revenue decreased from INR 160.2 crore to INR 147.1 crore in FY22. They reported a net loss of INR 30.1 crore in 2022 and INR 12.7 crore, due to total expenses remaining high at INR 241.8 crore in 2023. Key costs included materials, employee benefits, and advertising.
Prabhkiran Singh – Bewakoof Movie Merchandising
Movie merchandising is an area of importance for the company. Prabhkiran Singh, Bewakoof owner, efficiently worked with merchandise partners forBollywood movies like, ‘Gunday’, ‘Bewakoofiyan’, ‘Gangs of Wasseypur’, ‘Boss’ and ‘Sholay’.
He asserted that Bewakoof is Bollywood’s favorite brand and the first point of contact for merchandising all major production houses. It has already partnered with Yash Raj Films (YRF), Red Chillies, Eros, T-Series, Viacom18, Excel Entertainment, and Zee TV for their movies as their exclusive merchandising partners.
He further got the license to merchandise globally popular entities like Disney, Marvel, DC, Archie, Garfield, SpongeBob, and more.
Prabhkiran Singh also founded a website, Utter Bewakoof which displayed a stream of viral-worthy articles. The articles are based on providing funky, engaging youth-oriented contemporary content. The website has become a reading hub with the latest slice and spice of trending stories happening around the world.
FAQs
Who is Bewakoof founder?
The 2 Bewakoof founders are Prabhkiran Singh and Siddharth Munot.
Who is Bewakoof CEO?
Prabhkiran Singh is the founder and CEO of Bewakoof.com.
Is Bewakoof an Indian brand?
Yes. Bewakoof is headquartered in Mumbai, India.
What is Prabhkiran Singh, owner of Bewakoof net worth?
The net worth of Prabhkiran Singh is unknown but the Net Worth of Bewakoof is well beyond INR 100 Crores.
What is Prabhkiran Singh age?
Prabhkiran Singh was born in 1990. He is 34 years old.
Who is Prabhkiran Singh’s wife?
Jaya Singh is the wife of Prabhkiran Singh.
What is Prabhkiran Singh education?
Prabhkiran Singh studied Bachelor of Technology degree in Civil Engineering fromthe Indian Institute of Technology (IIT), Bombay.
Who is Bewakoof brand owner?
Bewakoof was acquired by Aditya Birla’s TMRW for INR 200 crore.
Aashka Goradia Goble’s life is about beauty, grace, and entrepreneurial spirit. Aashka’s journey is inspiring, from captivating millions with her stellar TV performances to co-founding the highly successful Renee Cosmetics. Aashka came to television stardom early in her career with the known role of Dheer Bai Bhatiyani in Bharat Ka Veer Putra – Maharana Pratap. Moreover, she has appeared on reality shows like Bigg Boss and Khatron Ke Khiladi. She is famous, though, but decided to make a massive career shift and proved that real success happens when you follow your passion.
In 2018, Aashka took the plunge into Business and founded Renee Cosmetics. Renee is a beauty brand that eventually disrupted India’s competitive Beauty Industry. Innovative products and a deep understanding of her audience helped her build a multimillion-dollar success. Renee Cosmetics had come a long way under Aashka’s leadership. She revolutionized beauty and became one of India’s most trusted brands.
In this article, you will read about how Aashka Goradia Goble has gone from the small screen to becoming a business magnate. Discover how she led her trials, triumphs, and visionary moves, which led her to build a brand that continues to inspire and empower women worldwide. We will also explore Aashka Goradia Goble’s success story, including her early life, history, net worth, childhood, personal life, education, achievements, and more.
Aashka Goradia Goble – Biography
Name
Aashka Goradia
Birth Date
November 27, 1985
Born Place
Ahmedabad, Gujarat
Nationality
India
Profession
Actress, Businesswoman
Education
St. Louis School, Ahmedabad
Known For
Famous role in Maharana Pratap as Dheer Bai Bhatiyani
Aashka Goradia was born in a well-set Gujarati family on November 27, 1985, in Ahmedabad, Gujarat, India. She is close to her younger brother, Shivam Goradia. St. Louis School in Ahmedabad was where Aashka did her education and got schooling. Aashka moved to Mumbai at 16 to pursue her passion for acting and began her remarkable career.
Aashka Goradia Goble – Career
First, she ventured into the entertainment industry with the show Achanak 37 Saal Baad in 2002, but her role in Ekta Kapoor’s Kkusum as Kumud cemented her place in the hearts of audiences. This was the gateway to a successful career in Indian television, as Aashka became a household name. After that, she did shows like Sinndoor Tere Naam Ka, Viruddh, Naagin, and Baal Veer, making her one of the most sought-after TV stars of her time.
Later in 2018, Aashka took a U-turn from television and left the industry and city behind. In 2018, she co-founded Renee Cosmetics with Priyank Shah and Ashutosh Valani, co-founders of Beardo. The company deals with high-quality beauty products like eye makeup, lip colors, and skin serums.
During the pandemic, its valuation soared to $100 million by 2022. By 2024, Renee Cosmetics is projected to be worth around INR 1300 crore (around $155 million) and is now the strongest competitor to top Indian cosmetic companies such as Nykaa and Sugar Cosmetics.
Aashka made the strategic and well-informed decision to transition from television to entrepreneurship. In just a few years, Renee Cosmetics has become one of India’s best beauty startups, raising over INR 400 crore in funding from five rounds. Aashka’s successful entrepreneurial venture was recognized when the brand won India’s Most Trusted Brand at the CNBC Most Trusted Brands of India awards in 2021.
Rohit Bakshi had the first notable relationship with Aashka. The two dated for almost a decade, from 2006 to 2015, but eventually broke up. From then on, Aashka’s love life changed when she met Brent Goble, an American entrepreneur. Though their love story is unique, it has served as a testament to the power of fate and timing.
Aashka and Brent met in 2017 and married in a whirlwind romance. They were married in a beautiful Christian ceremony on December 1 and a traditional Hindu ceremony on December 3. Not only was it love, but they also shared an emotional connection and understood each other, which helped them survive and thrive through whatever challenges came their way.
The couple married for a few years and then had their first child, a boy named William Alexander, in October 2023. Brent expressed his joy and gratitude in an emotional Instagram post.
After reflecting and growing, Aashka and Brent decided to start a family. In an interview, Aashka said they had taken time to grow as a couple and ensure they were both ready for parenthood. Brent had uprooted his entire life to India and needed to feel in the place before having a kid. Before embracing a balance of parenthood and work, Aashka wanted to ensure her business, Renee Cosmetics, was doing well.
Aashka has also been honest about her struggles, especially regarding her looks. In 2018, she came under fire after having lip surgery, and many trollers accused her of changing her natural beauty. But Aashka, as she did respond to the criticism, explained why she chose to go under the knife. She said she wanted to look better, but that didn’t mean she ‘faked’ it; it was a personal choice that made her feel better about herself.
Apart from reality shows like Bigg Boss, Aashka was scrutinized for her role. She was edited on the show so that she was misrepresented, and false narratives of her personal life were created. In a candid interview, Aashka expressed her frustration about being edited to be portrayed as a lesbian. This was one of the most challenging experiences in her career, but she turned it into an opportunity to discuss the reality of being a public person and standing up for what you believe in.
Aashka Goradia Goble – Renee Cosmetics
Aashka Goradia’s life story is quite incredible. She was known for her role in many Indian television soap operas, but in 2018, she decided to make a bold pivot and quit her acting career to start a venture she had always longed for: cosmetics. With college friends Ashutosh Valani and Priyank Shah, she co-founded RENÉE Cosmetics. This beauty brand has rapidly become a disruptor in India’s INR 1,50,000 crore beauty market, taking on the likes of Lakmé, Maybelline, L’Oréal, and Sugar Cosmetics.
India’s beauty industry is always huge, with local and international giants fighting for market share. RÉNÉE was founded on the belief that there should be a brand for a digitally savvy, forward-thinking woman. The brand stood by offering high-quality products at reasonable prices, incorporating a new and innovative approach to cosmetics. Two years later, RENÉE Cosmetics turned the minimal INR 50 lakh into a robust turnover of INR 100 crore.
Aashka remembers how she felt compelled to bring forth RENÉE because she believed make-up is a form of empowerment. She wanted to make products that celebrated a woman’s natural beauty and empowered her to speak boldly. It was going to be a transformative journey; together with Priyank Shah and Ashutosh Valani, who had worked in finance, operations, and distribution (they had built and sold the male grooming brand Beardo), RENÉE’s journey was set to be transformative.
With standout products like Kohlistic Eye Range, Bold 3D Eyelashes, and Fab 5-In-1 Lipstick, which did something different in a saturated market, the brand started on the right foot. For example, the Fab 5-In-1 lipstick, which does everything, and the Renee Madness PH stick, a black lipstick that turns pink on application, both innovated the possibilities of use and enticed consumption. These products reflected the brand’s dedication to producing quality, innovative, young, beauty-conscious products that would appeal to them.
It’s impressive growth, particularly given that RENÉE competes with some of the biggest beauty brands in the world and India’s oldest beauty companies, such as Lakmé and Colorbar.
RENÉE’s products are not only good-looking but are also ethically driven. Conscious consumers have resonated with the brand because it is cruelty-free, paraben-free, and FDA-approved. RENÉE has tapped into the burgeoning demand for cruelty-free products and, in particular, has made itself a brand that is more than just about me; it is about empowerment and sustainability.
Aashka’s commitment to the cause goes beyond product formulation. She actively manages RENÉE’s brand and its marketing and communication to ensure the brand resonates with its target audience of digitally savvy women between 18 and 35. The brand from Ahmedabad, which sells its products through online platforms like Nykaa, Flipkart, Amazon, and Myntra, and more than 650 physical retail stores across India, is using both.
RENÉE Cosmetics has also become prominent due to eCommerce and digital platforms. In just three months, Aashka’s team contacted over 75,000 consumers to explore India’s rising trend of online beauty shopping. RENÉE offers over 200 products, including beauty and perfumes, and has become a major player in e-commerce giants like Nykaa and Flipkart. In addition, the brand has extended its reach to international markets like the US, UAE, and Australia, growing its presence in the global beauty space.
The growth and success have been impressive, and RENÉE managed to raise INR 100 crore in a Series B funding round led by Evolvence India and Edelweiss Group. The funding, which valued the company between INR 1,200 to INR 1,400 crores, is a 60% increase from the company’s December 2022 valuation. This influx of capital is intended to help the brand grow its product line, expand its marketing efforts, and scale its operations further.
Like many businesses worldwide, the COVID-19 pandemic presented challenges, and RENÉE was no different. But it also opened the door to innovation. At this time, the brand recognized the value of Made in India products because international trade channels broke. It kept the company running and created a mood of community and loyalty among its customers.
Though not easy, RENÉE has grown extremely fast and aims to reach INR 100 crore ARR (Annual Recurring Revenue) in the coming months. Aashka attributes the brand’s success to its deep understanding of its audience, the unique packaging of its products, and its commitment to innovation. RENÉE has been able to tap into a trend and change its marketing strategies accordingly, giving it a competitive edge.
RENÉE – Financials FY24
RENÉE’s revenue nearly doubled, increasing by 97% from INR 97.15 crore in 2023 to INR 191.65 crore in 2024. However, expenses also rose by 82%, from INR 145.38 crore to INR 264 crore. Despite the revenue growth, losses increased by 88%, from INR 32.66 crore in 2023 to INR 61.45 crore in 2024.
Looking Ahead: The Future of RENÉE Cosmetics
With an upward curve in RENÉE’s journey, Aashka envisions taking the entire nation to empower everyone to accept and flaunt their natural beauty. The promise of premium quality products, luxurious packaging, and affordability has made the brand a hit with Indian women, making it one of the fastest-growing beauty brands in the country. RENÉE is progressing in product development and plans to deepen its offline presence, focusing on key premium stores.
RENÉE Cosmetics has a lofty ambition of challenging established brands and making its way in the Indian beauty industry, and the future looks bright. RENÉE has the strength of its founders, a committed customer base, and a clear vision for growth. It is poised to become a global beauty brand that epitomizes the best of Indian innovation and empowerment in the cosmetics world.
Aashka Goradia Goble – Awards and Recognitions
Won Indian Television Academy Awards for the category of Best Actress in a Negative Role in 2013
Was nominated for Best Actress in a Negative Role at the Indian Telly Awards in 2014
Received India’s Most Promising Woman Leader in 2021 by Femina
Aashka Goradia Goble – Interesting Facts
Before entering the entertainment industry, Aashka wanted to be a criminal psychologist, with which she would be completely different.
The turning point came when Aashka entered”>Bigg Boss 6 in 2012 back home and became the instant favorite up to 11 weeks before the tyrant had her evicted. Always open about her choices, Aashka even confessed to lip surgery to get the look she wished for.
She leads a very healthy life and is a complete vegetarian. Very much an animal lover, she has two pets: a Labrador named Romeo and a Turkish Angora called Narcy.
Aashka’s television debut was in 2002 with Achanak 37 Saal Baad, which marked the commencement of her glorious career. She had a long relationship with actor Rohit Bakshi in the process of her love life until she met businessman Brent Goble, whom she wed in 2017.
Family is an important part of her life; she shares a strong bond with them.
Aashka rose to stardom due to her most loved character, Dheer Bai Bhatiyani, in the historical drama Bharat Ka Veer Putra – Maharana Pratap, which she considers one of her favorites.
FAQs
Who is Aashka Goradia?
Aashka Goradia is an Indian television actress and entrepreneur. She is known for her roles in popular TV shows like Kkusum, Laagi Tujhse Lagan, and Baal Veer. Aashka is also a co-founder of a wellness and beauty brand Renee, and has ventured into business and entrepreneurship through this brand.
Who is Aashka Goradia Goble husband?
Brent Goble, an American businessman is the husband of Aashka Goradia.
When was Renee Cosmetics founded?
Aashka Goradia founded Renee Cosmetics in 2018 with Ashutosh Valani and Priyank Shah.
What is Aashka Goradia age?
Aashka Goradia was born in 1985. She is 39 years old.
The shift from software to entrepreneurship may not be the regular changeover; it hasn’t been unknown for many successful entrepreneurs like Mukesh Bansal, co-founder of Myntra. Mukesh shifted software to create an online shopping platform that resonated with an entire generation.
Myntra has been India’s fastest-growing fashion and lifestyle eCommerce platform since its launch. But what made Myntra a popular platform compared to its competitors, such as Amazon? The answer is the journey of Mukesh Bansal.
In this Startuptalky article, we have covered Mukesh Bansal’s biography and how he built Myntra and transformed it. We will explore Mukesh Bansal’s success story, including his early life, history, net worth, childhood, personal life, education, investments, achievements, and more.
Mukesh bansal was born in haridwar in a middle class family. His father was an employee at BHEL, Haridwar. Moreover, he completed his early education from a senior secondary school in Haridwar.
Later, he joined the prestigious Indian Institute of Technology, IIT Kanpur, and got his Bachelor’s degree in Computer Science and Engineering in 1997. At the same time, while in college, Mukesh became interested in entrepreneurship, spending his hours in the library reading books by industry legends like Lee Iacocca, Sam Walton, and Akio Morita. By his third year, he had decided to conquer the entrepreneurial journey.
Mukesh Bansal is an entrepreneur and innovator of great merit. He has been prominent across eCommerce, wellness, and technology sectors.
Mukesh graduated from the Indian Institute of Technology, Kanpur, with a Bachelor of Technology in Computer Science and Engineering in 1997. His first job came as a system analyst with Deloitte in Chicago. With a move to Silicon Valley, he started up in 1999. He experienced various startups during his tenure, including work at NexTag, Centrata, and newScale, while gaining valuable insight into technology, business strategy, and scaling operations.
Ashutosh Lawania, Vineet Saxena, and Mukesh Bansal founded Myntra in 2007. The platform was created as a gift item personalisation platform, but under Mukesh’s strategic leadership, it was pivoted to become a fashion and lifestyle product platform. In the process, Myntra became India’s largest online fashion platform, which was characterised by pioneering initiatives and customer orientation.
Myntra was successful; Flipkart bought it in 2014 for about $330 million. Mukesh joined Flipkart as Head of Commerce and Advertising Business post-acquisition and helped Flipkart pull off eCommerce leadership post-acquisition.
Bansal co-founded Cure Fit with Ankit Nagori in 2016. Cure Fit is an all-in-one solution for complete health and fitness. Cure Fit aggregates many services, including fitness, nutrition, mental well-being, and primary healthcare. The flag services offered under Cure Fit include the following services:
Cult Fit: A variety of workout programs are available at fitness centres.
Eat fit: Healthy meal delivery services.
Mind Fit: Mental health yoga and meditation sessions.
Care Fit: Primary healthcare services.
Cure Fit has led the Indian wellness industry with its innovative business model and massive investments.
In 2020, Mukesh started Meraki Labs, India’s first startup studio. It’s part of nurturing startups by providing funding, mentorship and strategic guidance. They have supported prominent startups like Skyroot Aerospace, Groww, and Gigforce. It gives a seed range from $250,000 to $5 million and has a community of over 100 founders. Meraki Labs is a powerhouse in the Indian startup startup ecosystem backed by Peak XV Partners (formerly Sequoia India) and Accel.
Mukesh’s entrepreneurial spirit extends beyond his companies:
Nurix AI: In 2024, Mukesh launched Nurix AI, a generative AI solution for enterprise companies.
Olympic Gold Quest: He is a board member of this non-profit foundation and helps nurture Indian athletes to achieve Olympic success.
Mukesh Bansal – Podcast and Writing
Mukesh also hosts the podcast SparX, where he interviews visionaries, thought leaders and experts to explore transformative ideas. He is also a celebrated author, publishing books such as No Limits and Hacking Health, highlighting his knowledge and experience in entrepreneurship, health, and personal development.
Mukesh Bansal’s career reflects his capability to innovate, adapt, and lead across different industries. He has revolutionised e-commerce with Myntra and promoted wellness with Cure. Fit and empowered startups with Meraki Labs, leaving an indelible mark on India’s entrepreneurial landscape.
Mukesh Bansal – Personal Life
Mukesh Bansal is married with two children. His family does not play second fiddle in his life. His sisters are achievers, too—one works at Google in the US, and the other at HCL in Noida.
Mukesh Bansal is an entrepreneurial powerhouse in the Indian eCommerce landscape. India’s largest online fashion retailer and one of the most innovative and resilient founders, known best for creating how people shop for fashion.
In 2007, Mukesh returned to India with a plan to do something meaningful. Along with his friends Ashutosh Lawania and Vineet Saxena, who are also IITians, he co-founded Myntra and started its operations in Bangalore. Myntra started by offering personalised gifting products like T-shirts, mugs, and caps. While the early investors felt that e-commerce was futile, Mukesh never lost faith in the concept.
Mukesh’s Myntra team practised a startup culture of innovation and humility at his office in Bangalore. Between 2007 and 2010, the company experimented with corporate gifting to enlarge its base. But the market for individualised gifting was somewhat limited, said Mukesh, who pivoted.
Mukesh realised by 2010 that fashion was an untapped and highly potential category within the Indian e-commerce sector. The fashion industry had reached a whopping $50 billion, which was unorganised and had much growth potential. It was not easy to transition that model as this meant closing the painstakingly crafted personalised gifting business that had taken four years to build.
Myntra Financials FY24
As CEO, Mukesh led Myntra to become a fashion-centric platform, selling products from global brands such as Puma and Nike and its private labels. Although investors initially doubted the fashion space, they soon rallied behind Mukesh’s vision.
In a relatively short period, Myntra became the leading fashion platform in India, grew rapidly, and raised huge funds. The company was at the forefront of technology and lifestyle in the online fashion. As of 2014, Myntra’s success caught the attention of Flipkart, which subsequently acquired Myntra in a much-publicized deal. Mukesh continued to lead Flipkart simultaneously as Myntra’s Chief Executive Officer.
Under Mukesh’s stewardship, Myntra successfully integrated two companies while retaining its brand identity. Flipkart acquired Myntra to enhance its eCommerce presence and enable Myntra to benefit from Flipkart’s resources and scale.
Mukesh had spent almost a decade at Myntra and Flipkart before quitting in 2016 to explore new opportunities. There was no underlying conflict with his decision to leave; it was more of a desire to reconnect with his roots as an early-stage entrepreneur. Mukesh remembered his tenure at Myntra as a roller coaster ride full of challenges and successes.
Myntra has been the journey of Mukesh Bansal, a man with vision and flexibility. From dominating the online fashion space to personalised gifting, he pivoted and innovated. His Silicon Valley experiences and entrepreneurial acumen have left an indelible mark.
Mukesh Bansal is an angel investor, and he has invested his money into many promising companies for the exchange of equity. Below is the list of companies Mukesh Bansal is an angel investor in:
Date Announced
Organisation Name
Dec 2024
FirstClub
Aug 2024
Truva
Dec 2022
Virgio
Dec 2021
NuShala
Nov 2021
Cult. fit
May 2021
Mensa Brands
May 2021
Skyroot Aerospace
Sep 2019,
Kawa Space
Apr 2019
CRED
Jul 2018
Groww
Mukesh Bansal – Awards and Recognitions
Mukesh Bansal has been awarded witht the following accolades:
Featured in Fortune India’s list of 40 Under 40.
Myntra was named one of Business Today’s Coolest StartupsStartups under his leadership.
Honoured with the IIT Kanpur Distinguished Alumnus Award in 2021
Mukesh Bansal – Interesting Facts
From 1999 to 2006, he was an engineer and product manager with various early-stage companies, such as eWanted, Centrata, NexTag, and newScale.
Myntra initially started to sell personalised gift items like T-shirts, mugs, pens, and caps.
Myntra spent 2007 to 2010 in corporate customised gifting.
In 2011, Myntra changed its business model and relaunched its focus on fashion.
Work experiences inspired the work culture at Myntra in different startup startups, Mukesh Bansal said in one of the media interviews.
In 2014, Flipkart spent $330 million to acquire Myntra, the biggest e-commerce acquisition to date in India.
He joined Flipkart in January 2016 as Head of Commerce and Advertising Business, upping the talent ideology and helping the company earn $5 billion annually.
Mukesh Bansal quit Flipkart and Myntra in February 2016, but he remained an independent advisor to them.
In India, he was appointed as the President of Tata Digital.
Mukesh Bansal is also on the board of the Olympic Gold Quest, a non-profit foundation that supports Indian athletes in winning Olympic gold medals.
Mukesh Bansal is a fitness freak who practices mixed martial arts and yoga daily every day. He often posts pictures of his workout sessions on social media.
Groww and Skyroot, a company that builds solid-engine rockets to carry satellites to space, are some of the start-ups he has invested in.
He is also an author and an entrepreneur. In 2022, he released the book No Limits, in which he shared how to use human potential through the art and science of high performance.
FAQs
Who is Mukesh Bansal?
Mukesh Bansal is an Indian entrepreneur, co-founder of Myntra, and former CEO of the company. He is also the co-founder of the fitness platform, Cure.fit, which focuses on health and wellness.
What is Mukesh Bansal education?
Mukesh Bansal completed his Bachelor’s degree in Computer Science and Engineering from the Indian Institute of Technology (IIT) Delhi.
What is Mukesh Bansal age?
Mukesh Bansal was born in 1976. He is 49 years old.
Varun Alagh is the Co-Founder and Chief Dad of Honasa Consumer Private Limited, which established its first-ever baby nourishing brand, Mamaearth, in November 2016. The company is based in Gurugram, India. Mamaearth is declared Asia’s first MadeSafe-certified brand. Varun founded the toxin-free baby, beauty, hair, face, and body care brand Mamaearth with his wife, Ghazal Alagh, who plays the major role of Chief Mama at the company. As of January 6, 2025, Mamaearth’s market value is $928 million, with a stock price of $2.86 and 325 million shares.
We will explore Varun Alagh’s success story, including his early life, history, net worth, childhood, personal life, education, achievements, and more.
Varun Alagh – Biography
Name
Varun Alagh
Born
1984
Nationality
Indian
Education
Delhi College of Engineering; XLRI Jamshedpur
Profession
Entrepreneur
Position
Co-Founder, Chief Dad & CEO, Honsasa Consumer Pvt Ltd (Mamaearth)
After completing his studies, Varun joined Hindustan Unilever Limitedin 2007. During the first year, he worked as a Business Leadership Trainee. He was a part of this one-year training program. Varun then spent six months in Marketing with Lakme and Lifebuoy. He spent another six months in Customer Marketing and Sales in North India.
After completing his training for one whole year, he was employed as the Area Sales Manager of Hindustan Unilever Ltd., Delhi NCR, in May 2008. He was responsible for a 600 crore business through 29 people, spread across 22 categories under Home care, personal care, foods, and beverages.
After two years, he was promoted as the Area Sales and Customer ManageratDelhi NCR and Rajasthan in 2010. He managed a team of 37 people with 67 customers, delivering a direct distribution of 55,000 retail outlets across Delhi and Rajasthan.
After nine months, he was again promoted to the Regional Brand Manager Innovations South Asia- Deodorants. As a part of this role, he managed Innovations and communications for Sure/Rexona Deodrants in South Asia and Market development and digital strategy for Asia.
He left Hindustan Unilever in March 2012 and joined Diageo PLC as the Senior Brand Manager – Smirnoff. This role assigned him the job of managing one of the world’s largest premium spirits brands, Smirnoff, which is India’s largest Vodka brand, too. Moreover, he looked over the above and below the line (ATL & BTL). This also included the Digital and On-trade activation for Smirnoff across India.
He joined The Coca-Cola Company in May 2013 and worked as the Brand Manager for two years. Varun managed to deliver the brand business, market share, and equity targets through a collation of various marketing acts. Alagh was then promoted to Senior Brand Manager, where his role was to manage Customer Marketing for the Coca-Cola trademark across India and South-West Asian countries. He eventually left the company in November 2016, and it was in the same month that he started Honasa Consumer Pvt. Ltd., the parent of Mamaearth.
Varun Alagh – Co-Founder, Chief Dad & CEO of Mamaearth
Varun pursued a Bachelor of Engineering specializing in Electrical Engineering from the Delhi College of Engineering (2001-2005). He later earned a Post Graduate Diploma in Business Management (PGDBM) in Finance and Marketing from XLRI Jamshedpur (2005-2007).
While Varun was completing his post-graduation degree course, he had a chance to work with companies like Colgate Palmolive, Havells Electric, Madura Garments, Maruti, and Nokia in the form of internships and LIVE projects.
Varun Alagh – Personal Life
Mamaearth Company Owners – Varun Alagh and Ghazal Alagh
He is married to Ghazal Alagh, who is the Co-founder and Chief Mama of Mamaearth. She looks after the product development, content, and community management of the company. Before that, she had worked in the IT corporate world. The couple has two sons. A son named Agastya had been diagnosed with a skin-borne disease called eczema since birth.
Varun Alagh – Professional Life and Journey So Far!
Varun worked with Unilever for four years and 11 months,i.e., from May 2007 to March 2012. Here, he got to learn how to add value to a brand. Varun also worked for another brand, Smirnoff, at Diageo PLC for one year and three months, i.e., from March 2012 to May 2013.
He worked with the Coca-Cola company for three years and seven months, i.e., from May 2013 to November 2016. He excelled in building brand value for nine long years by working with several renowned companies.
He founded Mamaearth in November 2016,providingarange of toxin-free baby skincare products. Both Varun Alagh and Ghazal Alagh had a suitable background in handling such a brand professionally, which was eventually developed due to personal reasons.
When Varun and Ghazal realized that their newborn son, Agastya, had a skin-borne disease called eczema, his skin was allergic to a lot of substances and turned red and itchy when exposed to such chemicals. The couple had to look for toxin-free baby care products in the market. Varun Alagh’s net worth stands at $14.40 Million.
Business Idea
The doctor advised using only natural products to avoid the worsening of his condition, but Mr. and Mrs. Alagh found that most of the baby care products in India contained toxins in one form or another. Besides, they did not think it fit to compromise with the quality. Therefore, they had to request their relatives and friends traveling abroad to bring back toxin-free skincare brands for their children. According to Varun Alagh, Mamaearth was founded after they found no alternative for proper toxin-free brands for babies in India, and the US products were becoming an added financial burden.
Honasa Consumer Private Limited is classified as a non-government company registered at the Registrar of Companies, New Delhi. The authorized share capital of the company is INR 3,400,351,400, and its paid-up capital is INR 1,363,495,490.
Varun Alagh bought 1.8 lakh shares worth INR 4.5 crore in the company, according to stock exchange filings on December 3, 2024. He previously owned 31.88% of the company and now owns 31.93%.
Varun is the Co-Founder, Chief Dad, and Get Stuff Done Officer at Honasa Consumer Private Limited. The company exists to provide honest, natural, and safe products. Mamaearth is the first brand of the company that focuses on reducing parenting stress by providing solutions to parent and baby problems in the form of safe, international standard products.
The Directors of the company include Varun Alagh, Ghazal Alagh, Vettakkorumakankav Siva, Subramaniam Sita, Rahul Chowdhri, and Ishan Mittal. The company started with a combined investment of Rs 90 lakh by Varun, Ghazal, and a few of the angel investors.
Varun serves as Mamaearth’sCo-Founder and Chief Dad, headquartered in Gurugram, India. He founded the company in November 2016, primarily as a babycare products brand, which saw good growth and thereby expanded to several other categories, including – Beauty, Hair, Face, and Body care, and currently targets a range of audiences, including babies, moms to be, and men above the age of 15 years too.
Within two years of the startup, the company got a retail turnover of Rs 20 crore. By 2020, Mamaearth’s net worth was over Rs 100 Crore. The company eventually turned out to be the first unicorn in India in 2022 by raising $52 million on January 1, 2022.
Mamaearth has its own website, where one can shop from a diverse range of body care, hair care, organic beauty, and baby care products. The baby care range of Mamaearth can also be accessed through various e-commerce platforms like Amazon, Firstcry, and Nykaa. It also has a presence across 120+ major cities in India.
Famous Bollywood celebrity Shilpa Shetty, who herself is a mother of two babies, became the brand ambassador of Mamaearth in 2017. She believed that toxin-free products are the best. Thus, she invested around $250K in the company. Shilpa Shetty reportedly made about Rs. 45.14 crore after selling her 13.93 lakh shares during the Mamaearth IPO’s Offer-for-Sale phase. She still has over 2.30 lakh shares in the business, which are currently worth roughly Rs. 7.4 crore. Moreover, Mamaearth also raised other funding led by Fireside Ventures and Stellaris Ventures Partners.
Mamaearth – Asia’s First Made-Safe Certified Brand
Varun Alagh – Investments
Varun Alagh has invested in numerous startups to date. The Co-founder has been noted for 40+ investments, the last of which came in on July 12, 2023, where he invested $1.04 million in GreenFortune.
Name of the company
Funding round
Investment date
GreenFortune
Seed Round
July 12, 2023
Solar Ladder
Seed Round
May 03, 2023
KikiBix
Seed Round
March 31, 2023
AdmitKard
Series A
February 20, 2023
Xeno
Seed Round
March 14, 2022
One Impression
Seed Round
January 6, 2022
Nestasia
Series A
December 15, 2021
Shiprocket
Series E
December 10, 2021
Pristyn Care
Series E
December 8, 2021
Doss Games
Pre-Seed Round
December 6, 2021
Early Steps Acacdemy
Seed Round
November 24, 2021
Wiggles India
Seed Round
October 28, 2021
BeepKart
Seed Round
September 22, 2021
Ayu Health
Series A
September 15, 2021
Varun Alagh – Awards and Recognition
He received the Business Unit President Award (December 2015) for being a lead member in the MIT ICE project for turning around FBO business in 2015 from the President of Coca-Cola India and Southwest Asia. Varun Alagh’s age was only 39 when he was honored with this achievement.
He was conferred with the Above & Beyond Award (September 2015) for going beyond the call of duty on an organization-wide project from the Leadership team of Coca-Cola India and Southwest Asia.
He received the Business Unit President Award (December 2014) for leading excellent ideation and execution in the Coca-Cola Zero launch in India from the President of Coca-Cola India South West Asia.
He was conferred with the I am a Diageo Award (March 2013) for excellent execution of the Smirnoff Nightlife Activation Nationally as the President of Diageo India.
He has been listed among the top managers in HUL for two years consistently.
Mamaearth’s parent company, Honasa Consumer, launched its Initial Public Offering (IPO) on October 31, 2023. The IPO was open for subscription until November 2, 2023, and was fully subscribed on the last day. The IPO price band was set at ₹308-324 per share, and the lot size was 46 equity shares. The IPO raised ₹1,701 crore.
Honasa Consumer, the parent company of Mamaearth, has lost its unicorn status after its shares dropped by about 29% in November 2024. The shares closed at Rs 237.70 each, bringing the company’s total market value down to Rs 7,721 crore, or about $902 million. The company had filed for an IPO with a valuation of Rs 10,500 crore in November 2023.
The IPO was a success, with the shares listing at a premium of 2% on the National Stock Exchange (NSE) on November 7, 2023. The grey market premium (GMP) for Mamaearth’s IPO was ₹31 on the day of listing, indicating a strong listing. The company’s strong brand recall, innovative products, and focus on digital marketing have been key factors in its success. Mamaearth is well-positioned to continue to grow in the coming years, as India’s beauty and personal care market is expected to reach ₹20,000 crore by 2025. Varun Alagh turned to social media to articulate his journey with Mamaearth so far:
“The joy of building is just pure elation, it’s so much better than moaning, critiquing, regretting and most importantly inaction. This is a momentous occasion for us but in the journey of building it’s just another moment, we shall cherish it but move on to looking for more amazing moments as we build for decades to come. While we are here, thanks a ton everyone.”
FAQs
Is Mamaearth an Indian brand?
Yes, Mamaearth is an Indian company and is based out of Gurugram, Haryana.
Who are Mamaearth founders?
Varun Alagh and Ghazal Alagh are the founders of Mamaearth.
Who are the promoters of Mamaearth?
Mamaearth promoters are husband-wife duo Varun and Ghazal Alagh, founded in 2016.
Is Mamaearth chemical-free?
All of Mamaearth’s products are 100% chemical-free. Mamaearth is the only “Made Safe” certified toxin-free brand in India, which is free of all known toxins that are banned in most countries.
What is Mamaearth net worth?
As of January 6, 2025, Mamaearth’s market value is $928 million, with a stock price of $2.86 and 325 million shares. For the year ending March 31, 2024, Mamaearth earned $238 million in revenue.
What is Varun Alagh education?
Varun pursued a Bachelor of Engineering specializing in Electrical Engineering from the Delhi College of Engineering (2001-2005). He later earned a Post Graduate Diploma in Business Management (PGDBM) in Finance and Marketing from XLRI Jamshedpur (2005-2007).
What is Mamaearth founder net worth?
The net worth of Ghazal Alagh, co-founder of Mamaearth is $20 million.
Who owns Mamaearth?
Varun Alagh and Ghazal Alagh are the co-founders and majority owners of Mamaearth.
What is Varun Alagh age?
Varun Alagh was born in 1984 and is 41 years old.
Who is Mamaearth CEO?
Varun Alagh is the chief dad and CEO of Mamaearth company.
What is Varun Alagh net worth?
The net worth of Varun Alagh is $14,40 million as of 2023.
Dr. Niranjan Hiranandani is highly esteemed in the Indian business realm, particularly for his role as co-founder and managing director of the Hiranandani Group. His contributions have been instrumental in shaping India’s real estate sector, earning him recognition as one of the country’s foremost billionaire entrepreneurs. With a strong focus on innovation, a sharp eye for opportunities, and a commitment to excellence, Hiranandani’s journey underscores the transformative potential of entrepreneurship and vision.
Under his leadership, the Hiranandani Group has not only redefined city skylines but also inspired a new wave of aspiring entrepreneurs to pursue ambitious goals. His ascent from humble origins to a billionaire real estate tycoon is a testament to his relentless drive, unwavering vision, and exceptional leadership. Through his efforts, Hiranandani has not only transformed urban landscapes but also set new standards of excellence within the real estate industry. As India undergoes rapid urbanization and growth, the legacy of Niranjan Hiranandani and the Hiranandani Group will undoubtedly be symbols of innovation, quality, and sustainable development.
In this article, we will learn about Dr. Niranjan Hiranandani’s family, education, achievements, history, net worth, investments, controversies, and more.
Dr. Niranjan Hiranandani Biography
Name
Niranjan Hiranandani
Born
8 March, 1950
Nationality
Indian
Education
B.Com, Sydenham College, Mumbai Institute of Chartered Accountants of India
Position
Managing Director and Founder of Hiranandani Group of Companies
Dr. Niranjan Hiranandani was born in Mumbai on March 8, 1950. He attended Campion School in Mumbai for his schooling and earned a bachelor’s degree in commerce from Sydenham College, also in Mumbai. He became a chartered accountant through the Institute of Chartered Accountants of India and earned his doctorate degree after researching real estate.
His father, Lakhumal Hiranandani, was an ENT surgeon who received the Padma Bhushan award from the Government of India. Niranjan has an elder brother named Navin Hiranandani and a younger brother named Surendra Hiranandani. He is married to Kamal Hiranandani and has two children, a daughter named Priya and a son named Darshan. Priya is married to Cyrus Vandrevala, who is a businessman based in London, while Darshan is married to Neha Jhalani, the daughter of Shabnam and Pradeep Jhalani, a Delhi-based businessman.
Dr. Hiranandani recently showed Sharan Hegde, a content creator, around his big 25,000-square-foot penthouse in the city. The video, titled “You Won’t Believe What’s Inside Hiranandani’s 25,000 Sq Ft Luxury Penthouse,” has caught a lot of attention online. It highlights luxury living in a city often criticized for small homes and heavy traffic.
You Won’t Believe What’s Inside Dr. Hiranandani’s 25,000 Sq Ft Luxury Penthouse
Niranjan Hiranandani – Early Life
Niranjan Hiranandani embarked on his career as a teacher of accounting. In 1981, he ventured into entrepreneurship by establishing his first business, a textile weaving unit located in Kandivali, Mumbai.
Equipped with a strong educational background and ambition to excel in the real estate domain, young Niranjan Hiranandani, together with his brother Surendra Hiranandani, laid the foundation of the Hiranandani Group in 1978. Although the company had humble beginnings, it swiftly gained acclaim for its dedication to quality, innovation, and customer satisfaction. Over time, the Hiranandani Group has evolved into one of India’s premier real estate developers, boasting a diverse portfolio encompassing residential, commercial, and mixed-use projects.
Niranjan Hiranandani – Career
Together with his brother Surendra, he acquired 250 acres of land in Powai, Mumbai, initiating a real estate venture named Hiranandani Gardens. Encouraged by the success of Hiranandani Gardens, Niranjan Hiranandani and his team proceeded to undertake numerous other noteworthy projects across Mumbai and beyond. Ranging from luxurious residential complexes to expansive IT parks and integrated townships, the Hiranandani Group’s portfolio expanded significantly.
Niranjan Hiranandani – Journey so Far
Dr. Niranjan Hiranandani has made a significant impact on the Indian real estate scene by transforming Powai and Thane, two Mumbai suburbs. Back in the late 1980s, when these areas were largely undeveloped, he recognized their potential. His vision was to create self-sustaining communities offering modern amenities and green spaces. Leading the Hiranandani Group, he initiated ambitious projects like Hiranandani Gardens in Powai and Hiranandani Estate in Thane. These integrated townships set new standards for urban planning, featuring well-designed residential complexes, commercial areas, schools, hospitals, and recreational facilities. Today, Powai and Thane are bustling communities, drawing residents and investors alike, due to Hiranandani’s foresight.
Despite his success, Hiranandani remains grounded, prioritizing values like integrity, honesty, and hard work. He attributes much of his achievements to teamwork, acknowledging the contributions of his dedicated team at the Hiranandani Group.
He founded Hiranandani Hospitals in Powai and Thane, reflecting his commitment to healthcare.
As the founder Chairman of Yotta Infrastructure, he launched NM1, the world’s second-largest data center, in Navi Mumbai.
He was ranked among the top 10 Indian real estate tycoons by the Grohe Hurun report in 2020 and held the second position in the Real Estate Sector according to the IIFL Wealth Hurun India Rich List (2020).
Hiranandani Group’s co-founders Surendra and Niranjan though now pursuing independent ventures, jointly own assets, notably the Powai Township, which they developed. In 2016, they sold part of their commercial and retail assets in Powai to Canada’s Brookfield Asset Management for $1 billion.
Through his family office Nidar Group, Hiranandani is investing in energy infrastructure, focusing on natural gas pipelines and gas storage terminals.
Niranjan Hiranandani – Hiranandani Group of Companies
At the core of Niranjan Hiranandani’s achievements is his steadfast dedication to quality and creativity. He strongly believes that real estate is not just about constructing buildings but about crafting enduring, livable environments that enrich residents’ lives. In pursuit of this goal, Hiranandani has introduced numerous innovative concepts and technologies in India’s real estate sector. For instance, the Hiranandani Group was among the earliest developers in India to embrace mixed-use developments, integrating residential, commercial, and retail spaces within single townships. This approach optimizes land usage and fosters lively, self-sufficient communities where people can live, work, and enjoy leisure activities without lengthy commutes.
Alongside mixed-use developments, Hiranandani has been a pioneer in incorporating eco-friendly practices and sustainable design principles into its projects. From implementing rainwater harvesting systems to harnessing solar energy, the Hiranandani Group is dedicated to minimizing its ecological impact and advocating for sustainable living.
As Hiranandani guides the Hiranandani Group forward, his vision remains centered on innovation, sustainability, and excellence. With several ambitious ventures on the horizon, including the creation of smart cities and sustainable urban infrastructure, Hiranandani is poised to leave an even more profound mark on India’s real estate landscape in the years ahead.
Niranjan Hiranandani – Investments
Niranjan Hiranandani made an investment in Goodfellows on November 17, 2022.
Announced Date
Organization
Funding Round
November 17, 2022
Goodfellows
Seed Round
Niranjan Hiranandani – Philanthropy and Associations
In addition to his accomplishments in the business realm, Hiranandani is recognized for his philanthropic endeavors and commitment to social responsibility. He strongly advocates for giving back to society and actively participates in various charitable initiatives and community development projects.
Through the Hiranandani Foundation, the philanthropic wing of the Hiranandani Group, Hiranandani has helped in causes like education, healthcare, and environmental conservation. The foundation operates schools, hospitals, and vocational training centers in underprivileged areas, extending quality education and healthcare services to numerous individuals.
Hiranandani is associated with 17 schools, including the Hiranandani Foundation School in Powai and Thane.
He has served as the past president of the Maharashtra Chambers of Housing Industry and chaired the Mumbai City Development and Environment Committee of the Indian Merchants Chambers (IMC).
Hiranandani holds the position of President of the National Real Estate Development Council (NAREDCO), a body established under the Government of India’s Ministry of Housing and Urban Affairs.
He has also served as the President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM), a century-old trade association aimed at shaping the country’s trade and industrial landscape.
Hiranandani’s involvement extends to various advisory roles, including serving as an advisor to the Government of India on housing and habitat policy and as the former president of the Federation of Indian Chambers of Commerce and Industry (FICCI).
He chairs the Priyadarshni Academy, focusing on social and cultural initiatives, and serves on the boards of trustees for several temples and educational institutions.
Hiranandani played a pivotal role in establishing the HSNC University, Mumbai, as a cluster university. Affiliated with institutions like K.C. College and H.R. College, this university aims to provide quality education and is operated by the H(S)NC Board, an esteemed educational trust of which Hiranandani has previously served as president.
Niranjan Hiranandani – Controversies
In October 2021, Niranjan Hiranandani was implicated in the Pandora Papers, accused of concealing $60 million in multiple offshore trusts. Hiranandani defended himself by stating that the funds held in the offshore account in the British Virgin Islands belonged to his son Darshan Hiranandani, who resides in Dubai.
Additionally, there is an arbitration case initiated by his daughter Priya Hiranandani, alleging that her father and brother breached a business association agreement signed by the three parties in May 2006.
According to the anti-corruption branch of the Central Bureau of Investigation (CBI), the Hiranandani Group failed to deposit its employees’ Provident Fund (PF) in 2003-04. The Employee Provident Fund Organisation (EPFO) conducted an inquiry and determined that the sum involved amounted to Rs 9 crore.
Niranjan Hiranandani – Awards and Recognitions
Hiranandani has been awarded with the following awards:
Mr. Niranjan Hiranandani received the NDTV Property Awards 2013 for his exceptional contribution to the real estate sector.
He was also honored with the Construction Week India Awards 2012 Hall of Fame in Real Estate.
FAQs
Who is Niranjan Hiranandani?
Niranjan Hiranandani is the Founder and MD of Hiranandani Group of Companies.
What is the Hiranandani Group of Companies about?
With over four decades of expertise in the real estate industry, the Hiranandani Group stands as one of India’s foremost premium developers.
What is Niranjan Hiranandani net worth?
The net worth of Dr. Niranjan Hiranandani is $1.4 billion (2025).
What is Niranjan Hiranandani education?
Niranjan Hiranandani earned a bachelor’s degree in commerce from Sydenham College, Mumbai. He became a chartered accountant through the Institute of Chartered Accountants of India and earned his doctorate degree after researching real estate.
Who is Niranjan Hiranandani daughter?
Priya Hiranandani-Vandrevala is Niranjan Hiranandani daughter.
What is Niranajan Hiranandani age?
Niranjan Hiranandani age is 74 years. His date of birth is 8th March 1950.
Who is Niranjan Hiranandani father?
Lakhumal Hiranand Hiranandani was the father of Niranjan Hiranandani.