Supam Maheshwari is an Indian entrepreneur and businessman. He is co-founder and CEO of FirstCry.
Wiki/Biography
Supam Maheshwari completed his formal education from Apeejay School and went to Delhi Engineering College in 1991 to pursue his bachelor’s degree in Mechanical Engineering. In 1997, he received a Postgraduate Diploma in Management from the Indian Institute of Management, Ahmedabad. After completing his studies, Supam Maheshwari did not choose any job but chose to become an entrepreneur.
appearance
Height (approximately): 5′6″
Hair color: black
Eye color: black
Supam Maheshwari (left)
family
Parents and siblings
There is not much information about his parents.
wife and children
He is married and lives in Pune, Maharashtra with his wife and daughter.
Profession
After completing his postgraduate studies, Supam started working with co-founder Amitava Saha on online learning venture Brainvisa Technologies, which he founded in 2000. In 2007, he sold the company to the US company Indecomm Global Services and left the company in 2009. In August 2010, Supam launched FirstCry.com through parent company BrainBees Solutions Pvt. Ltd. was co-founded by Amitava Saha and Supam Maheshwari.
Pictures of the FirstCry store
In 2015, he co-founded e-commerce logistics company Xpreesbees.com with Amitava Saha.
dispute
India’s Income Tax Department launches probe into $50 million tax evasion case
According to Bloomberg, India’s Income Tax Department launched an investigation into Supam Maheshwari for failing to pay $50 million in taxes on an equity transaction in privately held FirstCry. At least six investors in FirstCry have also reportedly been summoned to face the investigation, including private equity firm ChrysCapital Management Co and the family office of Sunil Bharti Mittal. Apparently, Supam Maheshwari did not make any statement but he contacted the Indian Income Tax Department to resolve this investigation.
net worth
Supam Maheshwari has an estimated net worth of $190 million in 2023.
Facts/Trivia
- As a first-time parent, Supam Maheshwari was inspired to start a baby products company after experiencing a shortage of quality products in the Indian market. He founded Brainbees.com, which was later renamed FirstCry.
- In 2013, FirstCry won the Most Popular Online Website award at the Children’s Awards in Delhi.
- In 2021, Mahindra Retails held 10.48% stake in FirstCry and Mahindra Engineering and Chemical Products held 3.11% stake.
- BabyHug and CuteWalk are private brands launched by FirstCry to sell children’s clothing and footwear.
- Brainvisa Technologies sold to Indecomm Global Services for $25 million.
- He was an avid reader and a squash player.
Categories: Biography
Source: HIS Education