Ashneer Grover: Net Worth, Career History, and More

NameAshneer Grover
Date of Birth14 June 1982
ProfessionIndustrialist, Investor, Author
Net WorthRs. 790 Crore ($107 million) approx
Age41 years old
Height1.73 M (5′ 7”)
BirthplaceDelhi
NationalityIndian

Who is Ashneer Grover?

Ashneer Grover, a successful Indian businessman, played a crucial role in starting the fintech company, BharatPe. In 2018, he joined forces with Shashvat Nakrani and Bhavik Koladiya to create this innovative venture. As the managing director (MD) of BharatPe, Ashneer led the company to great success with his vision and expertise.

His appearance on the popular reality TV show, “Shark Tank India Season 1,” brought him widespread attention. On the show, he displayed his sharp business skills and made impactful investment choices, earning recognition and admiration from entrepreneurs and viewers alike.

With his entrepreneurial spirit and determination, Ashneer Grover continues to make a lasting impact on India’s fintech industry. His journey serves as an inspiration for aspiring entrepreneurs, proving that with creativity and hard work, one can achieve remarkable success in the business world.

Early Life

Born on June 14, 1982, in Delhi, Ashneer Grover grew up in a family where his father was a Chartered Accountant (CA) and his mother was a teacher. He completed his schooling in Delhi before pursuing a B.Tech in Civil Engineering from IIT Delhi. During his college years, he had the opportunity to study abroad through an exchange program in France.

Afterward, he continued his education and earned an MBA in Finance from IIM Ahmedabad. Through campus placement, he secured a role as Vice President at Kotak Investment Banking in Mumbai, where he gained valuable experience. Throughout his career, Ashneer worked with various notable companies, including Grofers, PC Jewellers Ltd., and American Express, honing his expertise in the business world.

In 2018, Ashneer Grover, along with his partners Shashvat Nakrani and Bhavik Koladiya, co-founded the BharatPe app. This payment application quickly gained popularity, amassing over 1 crore downloads on the Play Store and becoming one of India’s most widely used payment platforms. Ashneer’s entrepreneurial journey and innovative ideas have made a significant impact on the fintech landscape in India, inspiring countless individuals and businesses to embrace digital payment solutions.

Family

Ashneer Grover, the successful entrepreneur, is happily married to Madhuri Jain Grover, who is equally enterprising. Madhuri has an impressive background as an interior designer, having collaborated with renowned brands like Satya Paul and Alok Industries. Moreover, she ran her own furnishing business, Mauve and Brown, which showcased her creative talents and entrepreneurial spirit. Notably, Madhuri had the privilege of working with South Indian actress Asin and her husband, Rahul Sharma, a testament to her skills in the industry. Additionally, she took charge of designing their beautiful home in Delhi, showcasing her flair for creating aesthetically pleasing spaces.

When Ashneer set out to establish BharatPe, he faced budget constraints and couldn’t afford to hire many employees. In this situation, Madhuri stepped in to support him with internal operations. She played a crucial role in managing HR, finance, and other essential business matters, contributing to the company’s growth and success.

As a power couple, Ashneer Grover and Madhuri Jain Grover are also dedicated parents. They are blessed with two children, an 11-year-old son named Avy Grover and a daughter named Mannat Grover. Together, they form a strong and supportive family unit, fostering each other’s dreams and ambitions while balancing their personal and professional lives with grace.

Career History

Ashneer Grover’s career journey is truly remarkable. It all began after completing his MBA in Finance in 2006 when he embarked on a path as an Investment Banker. As Vice President at Kotak Investment Banking, he adeptly handled various IPO deals, gaining valuable experience. After nearly seven years in this role, Ashneer sought new horizons and joined American Express as Director – Corporate in May 2013, where he thrived for around two years before craving a fresh challenge.

In March 2015, Ashneer took a bold step and assumed the position of Chief Financial Officer (CFO) at Grofers. However, his thirst for growth led him to leave the company in August 2017. He then embraced a new chapter as the Head of PC Jewellers in November 2017, contributing his expertise to the development of payment strategies and overall business growth. Nonetheless, he resigned from this role in October 2018, driven by his entrepreneurial spirit and a vision for more significant ventures.

In 2018, Ashneer co-founded BharatPe, a highly successful payment application that swiftly emerged as one of India’s leading fintech companies. Working alongside co-founders Shashvat Nakrani and Bhavik Koladiya, Ashneer played a crucial role in shaping the company’s success. However, despite BharatPe’s achievements, Ashneer faced some controversies, leading him to resign as MD and board director on February 28, 2022.

Recognized for his outstanding contributions to the business world, Ashneer Grover received significant accolades in 2021. He was honored with the prestigious Entrepreneur of the Year award, a well-deserved recognition of his visionary leadership and impactful endeavors. Additionally, in January of the same year, he was bestowed with the young achiever award, an acknowledgment of his exceptional achievements at a young age.

Beyond his professional achievements, Ashneer showcased his expertise as a judge on the Indian version of Shark Tank in 2021. Becoming a key player in the reality show’s first season, he invested in 55 start-ups, including The Whole Truth, India Gold, OTO Capital, and Front Row. Ashneer Grover’s diverse career path and entrepreneurial ventures have left a lasting impact on the business world, inspiring others to dream big and achieve greatness.

Net Worth

Ashneer Grover, the visionary behind BharatPe and a prominent judge on Shark Tank India, has achieved remarkable financial success. With an estimated net worth of $107 million, he has built a significant fortune through his entrepreneurial endeavors and strategic investments. In Indian rupees, his net worth translates to an impressive sum of around Rs. 790 crores.

His journey from being a co-founder of BharatPe to becoming a successful investor and entrepreneur has propelled him to great heights, making him one of India’s wealthiest business figures. Ashneer’s accomplishments serve as a testament to his business acumen and determination, inspiring others to pursue their entrepreneurial dreams and create a lasting impact in the business world.