Mukesh Bansal Net Worth: Biography, Age, Wife, Family and More
Mukesh Bansal Net Worth: Biography, Age, Wife, Family and More
Mukesh Bansal, an Indian entrepreneur renowned for founding the Indian fashion e-commerce giant Myntra, currently holds the position of co-founder and CEO at cult.fit.
Early Life and Education:
Mukesh Bansal was born on September 6, 1975, in Haridwar, Uttarakhand. He attended Vidya Mandir Senior Secondary School in Haridwar for his schooling and later pursued a Bachelor of Technology in Computer Science from the Indian Institute of Technology in Kanpur.
Physical Attributes:
- Height: Approximately 5 feet 9 inches
- Hair Color: Black
- Eye Color: Black
Family Background:
Mukesh Bansal comes from a Hindu family in Haridwar, Uttarakhand. His father, Shrawan Kumar Bansal, was employed at Bharat Heavy Electricals Limited, while his mother was a homemaker. He has two younger sisters, both involved in the field of technology, with one working at Google in the US and the other at HCL in Noida.
Marriage and Family:
Mukesh Bansal is married to Archana, who is a businesswoman. The couple has two children, a daughter aged 17 and a son aged 13.
Career Beginnings:
After completing his undergraduate studies, Mukesh initially planned to pursue an MBA and venture into entrepreneurship. However, in 1997, he began his career at the consulting firm Deloitte in Chicago. Two years later, feeling out of place in the corporate environment, he left Deloitte and embarked on entrepreneurial endeavors.
Entrepreneurial Journey:
Between 1999 and 2007, Mukesh Bansal worked with four early-stage companies, two in e-commerce and two in enterprise software. In 2007, he returned to India and founded Myntra, initially focusing on corporate customized gifting before transitioning to fashion in 2010, which proved highly successful.
Association with Flipkart:
In 2014, Mukesh Bansal collaborated with Flipkart founders Sachin and Binny Bansal, leading to Flipkart’s acquisition of Myntra. Subsequently, he joined Flipkart as Head of Commerce & Advertising Business.
Cult.fit Venture:
In 2016, Mukesh Bansal co-founded Cult.fit, a startup dedicated to fitness and well-being.
Accolades and Recognition:
Mukesh Bansal has been honored as one of Fortune Magazine’s Best 40 Under 40 entrepreneurs. Additionally, he received the Distinguished Alumnus Award from IIT Kanpur in 2021.
Personal Interests:
Mukesh Bansal enjoys reading books in his leisure time, with a habit of finishing a book every week on his Kindle. He is also a fitness enthusiast, following a daily workout routine starting at 5 am.
Financial Status:
Mukesh Bansal earns an annual salary of INR 21 Crores from Flipkart and holds substantial wealth, with his businesses, Cult.fit and Myntra, having a combined valuation of INR 18,000 Crores. His estimated net worth stands at INR 4200 Crores.
Additional Information:
- After establishing Myntra, Mukesh Bansal frequently traveled between India and the United States, leading to an incident where he ended up in an emergency ward in California.
- Mukesh Bansal enjoys spending his leisure time reading books, typically finishing one book per week on his Kindle.
- A fitness enthusiast, Mukesh Bansal adheres to a daily workout regimen, beginning his routine promptly at 5 am each day.
- He initiated Myntra with a personal investment of INR 30 Lakhs.
- Prior to entering entrepreneurship, Mukesh Bansal worked as a software engineer for a conglomerate.
- Apart from his entrepreneurial pursuits, Mukesh Bansal is also an author, having written the book “No Limits: The Art and Science of High Performance.”
- He maintains a vegetarian diet.
