Ashneer Grover is a popular Indian businessman who is the CEO and founder of BharatPe, one of the popular online currency trading platforms in India.
Wiki/Biography
Ashneer Grover was born on Monday, June 14, 1982, in Delhi, India (age 41; as of 2023). He grew up in Delhi. Ashnir completed his schooling in Delhi and then pursued a bachelor’s degree in civil engineering from the Indian Institute of Technology Delhi. During his graduation, Ashniel was one of the six students selected by IIT Delhi as an exchange student at the Ecole Nationale des Applied Sciences de Lyon, France. In 2002, he moved to France with a scholarship of Rs. 5 Lakhs from the French Embassy. In 2004, Ashneer enrolled in the Finance MBA program at the Indian Institute of Management, Ahmedabad. In 2006, through a campus placement at IIM Ahemdabad, Ashneer was appointed as Vice President, Investment Banking, Kotak, Mumbai. In 2013, he joined the multinational company American Express as a director and served for two years. He joined Grofers in 2015 as chief financial officer and worked there for several years. After all these experiences he wanted to do something different, he met various investors and started building a network, then he joined PC Jewelers as a Business Director to help them grow their business and payment options. The idea for BharatPe came to him while he was working at PC Jewellers. Ashneer launched BharatPe in 2018 along with Shashvat Nakrani and Bhavik Koladiya and it is the most used payment app today.
Ashneer Grover Founder, BharatPe
appearance
Height (approximately): 5′7″
Hair Color: Salt and Pepper
Eye color: black
family
parents
Ashonil’s father Ashok Grover, a chartered accountant, passed away on March 28, 2023. His mother Neeru Grover is a teacher.
Ashnil Grover’s parents
wife and children
Ashneer Grover’s wife’s name is Madhuri Grover. She is also an entrepreneur. At BharatPe, she manages human resources, finance and other internal operations. Before joining BharatPe, she was an interior designer and worked with the likes of Satya Paul and Alok Industries. She also owns her own furniture company called Mauve and Brown. She also collaborated with South Indian actress Asin and her husband Rahul Sharma. Madhuri Grover has also completed the interior renovation of her house in South Delhi.
Ashneer Grover’s home in South Delhi
When Ashneer started BharatPe, he couldn’t afford to hire many employees and he needed someone who could manage the internal operations of the organization, so Madhuri joined BhartPe. Ashneer and Madhuri have two children, 11-year-old son Avy Grover and daughter Mannat Grover.
Ashneer Grover with wife and children
Profession
as an investment banker
After completing an MBA in Finance, Ashneer Grover was appointed Vice President, Investment Banking, Kotak in 2006. He worked there for nearly seven years. He has been involved in a number of initial public offering transactions. He resigned in 2013.
As an employee of a multinational company
In 2013, Ashneer Grover joined the multinational company Amix (American Express) as a director. He loved working for multinational companies, but he always wanted to do something different. He worked there for nearly two years.
as chief financial officer
He joined internet company ‘blinkit’ in Gurgaon, Haryana in April 2015 as Chief Financial Officer. After leaving American Express in 2015, Ashneer Grover joined Grofer in March 2017 as chief financial officer and left the organization in August.
As the head of PC Jewelers
After leaving Grofers Ashneer, he took a break from work to meet different investors and try to build more networks. He then joined PC Jewelers as a business executive. He helps them develop new business, develop new payment options and strategies.
As the founder of BharatPe
In 2018, Ashneer came up with the idea of BharatPe, which went on to become one of the most used payment apps in India. Ashneer Grover founded BharatPe in 2018 along with Shashvat Nakrani and Bhavik Koladiya.
Ashneer Grover (standing left) with Suhail Sameer and Shashvat Nakrani
BharatPe is headquartered in New Delhi, India. According to Ashneer, he started BharatPe with 6 employees. The brand ambassador of BharatPe is Salman Khan.
Salman Khan BharatPe Brand Ambassador
BharatPe is India’s first UPI interoperable QR code, has the first zero MDR payment acceptance service and the first UPI payment enabled merchant cash advance service. BharatPe aims to provide merchants with an end-to-end financial services platform.
Acting as a judge on Shark Tank India
In 2021, Ashneer Grover served as a judge on the popular Indian reality show Shark Tank India. In this show, people pitch their startups and ask the judges to invest in their businesses. Ashneer joined the show as one of the investors.
dispute
Distribute brochure for Paytm
In 2020, companies such as Paytm filed a lawsuit against Mr Grover and his company BharatPe for distributing pamphlets, claiming that Paytm and others were not purely Indian companies. They also asked the Reserve Bank of India to take action against BharatPe.
Fight the suffix battle with PhonePe
In 2021, PhonePe filed a case against BharatPe, claiming trademark rights over the suffix and seeking speedy disposal of the main suit.
Viral insult audio clip
In January 2022, an audio clip went viral in which Mr Grover had a heated fight with Kotak Mahindra Bank. The bank claims Mr Grover and his wife threatened one of their staff. Mr Grover later tweeted that the audio clip was fake. He said,
“Guys. Chills. This is a fake audio of some scammer trying to extort funds ($240,000 in Bitcoin). I refuse to take the deduction. I have more character and, there are enough scammers on the internet already.”
Mr. Grover reportedly asked the bank to give him Rs. Nykaa needed Rs 500 crore before launching the IPO, but banks refused to provide him with the funds. Days after the audio clip went viral, Mr Grover went on leave until the end of March 2022, and the company subsequently released a statement which read:
“At this time, the board has accepted Ashneer’s decision, which we believe is in the ‘best interests of the company, our employees and investors, and the millions of merchants we support every day.'”
Resigned from BharatPe
On March 1, 2022, he resigned as Managing Director of BharatPe. He reportedly made the move shortly after receiving an agenda for an upcoming board meeting, which should include consideration of action against him, according to a report submitted by consulting firm PricewaterhouseCoopers.
FIR fraud case
On May 10, 2023, the Economic Offenses Wing (EOW) of Delhi Police registered a case against Ashneer Grover, his wife Madhuri Jain Grover and family members Deepak Gupta, Suresh Jain and Shwetank Jain following a complaint filed by BharatPe. rupee. In December 2022, the amount of fraud amounted to Rs 81 crore. The cases were included in eight cognizable serious criminal offences, including 409 (breach of trust by a public servant, banker, merchant or agent), 420 (deception and dishonestly inducing delivery of property), 467 ( Forgery of securities, wills, etc.), 120B (criminal conspiracy). An investigation by the Delhi Police’s Economic Offenses Wing (EOW) in November 2023 found that Ashneer Grover and his family used back-dated invoices to transfer funds to the fintech-only company that they never paid. In the work that the horned beast has done. On November 16, 2023, Ashnir and Madhuri were intercepted by the Economic Offenses Wing (EOW) of the Delhi Police at Terminal 3 of the Indira Gandhi International Airport in New Delhi. According to Ashnir, he was traveling to the US with Madhuri but officials stopped them from traveling based on a Notice of Caution (LoC) issued against them earlier in the same month. Ashnir later addressed the matter through a post on X, in which he mentioned that he had not received any summons or LoC notice. He further added that he became aware of the Line of Control seven hours after returning home from the airport.
Cleanest city review case
In September 2023, Ashneer Grover found himself facing a defamation suit for his remarks during a central government inquiry regarding Indore’s designation as India’s cleanest city. At one event, he said the recognition was “bought.” The case was filed under Sections 499 and 500 (defamation and punishment thereof) of the Indian Penal Code. However, Ashnir later issued a statement to X in which he did not apologize for his remarks. He explained that his remarks were made during a light-hearted conversation comparing Bhopal and Indore.
sorry. Not sorry!
Apologize to Indore. You have great people and a city. But politicians around the world are not calm at all! The statement made jokingly in an interesting conversation between Bhopal and Indore is unnecessarily political. The audience had a great time – no offense intended. pic.twitter.com/OGxZMu4yV1
— Ashneer Grover (@Ashneer_Grover) September 11, 2023
Awards
- In 2021, Ashneer Grover won the Entrepreneur of the Year award.
Ashneer Grover wins Entrepreneur of the Year Award 2021
- Ashneer received the Youth Achievement Award in January 2021.
Favorites
car collection
Ashnir owns a Mercedes-Maybach S650. The car’s license plate read “ASHNEER G.”
Ashneer Grover and his Mercedes-Maybach S650
He also owns a Mercedes-Benz GLS 350, Audi A6 and Porsche Cayman.
Ashneer Grover and his Porsche Cayman
net worth
As of 2021, the net worth of BharatPe founder Ashneer Grover is estimated to be $600 million to $900 million.
Facts/Trivia
- According to Ashnir, in the early days of BharatPe, he, his wife Madurai and their children put up BharatPe stickers in stores.
- Ashneer Grover built a network of 1.1 million merchants in a month, facilitating over 15 million UPI transactions every month.
- He enjoys going to different places with his family.
- He wrote an autobiography titled “Doglapan”. In November 2022, he informed fans about the autobiography on Twitter.
It’s kitab padhne ke baad ya to aap ek dum apni naukri chhod doge ya fir zindagi bhar naukri hi karoge. At least beech mein nahi stage rahoge.
For absolute clarity – read my incredible life story! Order your copy of “Doglapan” on Amazon now. https://t.co/snrfbhGRE5 pic.twitter.com/rNhTld8mWr
— Ashneer Grover (@Ashneer_Grover) November 10, 2022
- According to Ashnil, when the producers of the show approached him about participating in Bigg Boss 16, he refused to participate in the show.
- In December 2022, the makers of the Indian web series Pitcher announced that Ashnir would be joining them for the second season.
- In an interview, he talked about the origin of his name Ashneer and stated that it was a combination of his parents’ names Ashok (father) and Neeru (mother).
- In May 2023, he appeared in a promotional video released by the producers of the reality TV show “Roadies 19”.
Categories: Biography
Source: HIS Education