Mr. Binny Bansal
Award Year: 2019 | Degree Year: 2005
Mr. Binny Bansal received his Bachelor of Technology degree in Computer Science & Engineering from IIT Delhi in 2005.
Mr. Binny Bansal is a well-known Indian billionaire and Internet entrepreneur, who co-founded the Indian online retail giant, Flipkart in 2007. He served as the Chief Operating Officer of the Flipkart till January 2016 and then was promoted to Chief Executive Officer. The company is a former Unicorn Startup with a valuation of US$ 22 Billion in August 2018 at the time of acquisition by Walmart. After exiting from Flipkart in November 2018, he became a prolific angel investor and now mentors with over thirty investments in the startup ecosystem. He recently co-founded another technology company named, xto10x Technologies, to achieve his vision of helping startups.
He was listed as the 86th richest person in India with a net worth of $1.3 billion by Forbes India Rich List of September 2015. He was ranked 26th among India’s 50 Most Powerful People in 2017 by India Today and was also awarded 2016 “Asian of the Year” by Straits Times of Singapore.
In honoring Mr. Binny Bansal, IIT Delhi recognizes the outstanding contributions made by him in Entrepreneurship and Corporate Business Development. Through his achievements, Mr. Binny Bansal has brought glory to the name of the Institute.
