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In 2018, Bansal exited Flipkart following the Walmart deal. [6] In 2007, Sachin Bansal and Binny Bansal (not related) founded Flipkart whose valuation in 2018 was $20.8 billion. [7] In 2018, Bansal held a 5.5 per cent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion. [7]
In 2017, he assumed the role of CEO of Flipkart Group and his previous position was handed to Kalyan Krishnamurthy. [17] In 2018, Walmart acquired a 77% stake in the Flipkart Group. After the acquisition, Binny Bansal assumed the role of chairman and continued as Group CEO. [18] His 5.5% stake in Flipkart was valued at $1 billion after the ...
In April 2016, Sachin and Binny Bansal were named to Time magazine's annual list of the 100 Most Influential People in the World. [175] Flipkart was reported to be at the top in the annual Fairwork India Ratings 2021 - which is a 10-point system that creates a score based on fair pay, conditions, contracts, management, and representation. [176]
During his tenure as the COO of Flipkart, he also assumed control of Flipkart's in-house logistics arm Ekart. [6] In May 2017, Seth resigned from the company, [7] citing personal reasons, as reported by The Economic Times. [6] Later, in July 2017, he served a legal notice to Flipkart, calling "his removal was illegal". [8]
Mukesh Bansal is an Indian entrepreneur and author known for his contributions to digital commerce, wellness, and technology.A 1997 computer science graduate from IIT Kanpur, he began his career at Deloitte before moving to Silicon Valley in 1999, where he worked at Nextag, Centrata, and newScale, gaining expertise in technology and strategy.
In December 2018, Sachin Bansal, after his exit from Flipkart, along with IIT-Delhi batch mate Ankit Agarwal, [4] founded BACQ Acquisitions Private Limited which was later renamed as Navi Technologies Private Limited. [5]
The following is a list of chief executive officers of notable companies. The list also includes lead executives with a position corresponding to chief executive officer (CEO), such as managing director (MD), and any concurrent positions held. Companies with a revenue of at least US$ 10 billion are included in the list.
Female CEOs, on the other hand, use their full name to project a more professional image." LinkedIn took it a step further and looked at several other professions as well.