Ashneer Grover - Age, Biography, Birthday, Family, Career, Net Worth

Know more about Ashneer Grover. Keep reading & get information about Ashneer Grover’s Age, Family, Biography, Wife, Career, Interesting facts & more.

Biography

Ashneer Grover an entrepreneur from India co-founded BharatPe with Shashvat Nakrani and Bhavik Koladiya in 2018. He served as the company's managing director (MD) during that time. 

On the reality TV programme Shark Tank India Grover also made an appearance as an investor. Biographical information about Ashneer Grover: Shark Tank India a version of the American reality series Shark Tank America has gained a lot of popularity recently. It is essentially a reality programme where entrepreneurs with exciting and unique business ideas go from all over the nation to pitch their concepts to the judges (sharks) in an effort to secure funding. 

Ashneer Grover one of the seven business judges on the reality competition show that airs on Sony TV is one of the most well-liked and frequently searched jury members.

Ashneer Grover's Age

Ashneer Grover was born on 14 June 1982. His Zodiac Sign is Gemini. Ashneer Grover’s age is 41 years as of 2023. Grover was born in Malviya Nagar Delhi India. 

Family

Ashneer’s father’s name remains unknown although he was a Chartered Accountant and his mother was a Teacher. Her name too is Unknown. Aashima Grover is the name of his sister. He came from a family with a strong educational foundation so he never had to deal with any social or financial issues.

Education Qualification

Ashneer who demonstrated academic acuity from the start took the IIT entrance exam after completing his 12th grade and received a respectable All-India ranking which offered him the chance to be admitted to IIT Delhi. Grover obtained his B.Tech in Civil Engineering from IIT Delhi.

He attended INSA Lyon College in France as part of an exchange programme while he was a student continuing his education there for the final two years. Ashneer had been enrolled in a four-year B.Tech programme at IIT Delhi but in his second year he participated in the exchange programme run by the college.

The candidates who were chosen for this programme got the chance to finish the final two years of their education at the Institute of National des Sciences in Lyon France. One of the six applicants chosen for the programme was Ashneer as well. He returned to India after finishing his studies in France and took the CAT admission exam scoring well across the board. Grover's strong performance on the Common Admission Test or CAT led to his acceptance into the Indian Institute of Management (IIM) Ahmedabad. From IIM Ahmedabad he received his MBA.

He accepted a position at Kotak Investment Bank right away after receiving his MBA from IIM where he served as a Vice President for a complete 7 years. Then in March 2013 he began working as the Director of Corporate Development for the American multinational company American Express (Amex) where he remained for almost two years.

Ashneer Grover’s Wife

Madhuri Jain Grover

While attending coaching sessions at Career Launcher in Delhi Madhuri Jain—who received her undergraduate degree from NIFT Delhi—met Ashneer Grover the man she would later wed. Prior to collaborating professionally with her spouse Madhuri worked for well-known companies like Satya Paul.

Ashneer mentioned that his wife has supported him through all of his decisions. She has trusted him and it is because of her confidence in him that he has been given strength. Ashneer admitted that Madhuri was always the pillar he needed in an interview with another media outlet and that his parents weren't always in favour of his job choices.
 
The fact that the pair enjoys travelling greatly affects their relationship. Couples can get to know each other better and share more adventures when they spend time together while travelling. For the uninitiated Ashneer Grover married Madhuri Jain an entrepreneur he had first met at Career Launcher 15 years earlier on July 4 2006. The Pair now have two children Avy and Mannat Grover. 

Career

Debut Career (2006 to 2013)

Ashneer Grover established a career for himself before founding BharatPe at a number of major corporations such as Kotak Investment Bank and American Express among others. Grover actually devoted seven years of his career to Kotak where he was in charge of mergers and acquisitions restructuring and ten deals totalling $3 billion in value in industries ranging from media manufacturing and real estate to oil and gas retail and telecommunications.

New Venture (2013)

Grover changed sides in 2013 and joined American Express where he worked as the company's director of corporate development. He was in charge of overseeing a Series B investment in MobiKwik during his two years at this company.

Grofers (2015)

The talented young civil engineer joined Grofers (now Blinkit) in 2015 and served as the company's chief financial officer for two and a half years. Along with the company's founders he was in charge of all financial legal and business-to-government-oriented matters at this time.

PC Jewellers (2017)

In 2017 the IIT-alum decided to work at PC Jeweller Ltd. where he took on the post of Head of New Business. As the second-largest retailer of jewellery in the nation he assisted in the company's digital transition. In this capacity he also coordinated the company's whole online sales efforts under the umbrella of the PCJ brand. 

Simply put the business decisions he made at this time helped the company get ready to serve the next stage of the consumer experience namely growth and diversification into related industries.

BharatPe(2018-2021)

The IIM MBA graduate changed things up in October 2018. The IIM MBA alumnus made significant changes in October 2018. Rather than working for someone else he along with Shashvat Nakrani launched BharatPe. 

The country will later witness this fintech startup grow into the biggest offline merchant network. With its help mobile payments can now be freely and widely accepted. Grover led the position of a chief executive officer from 2018 to August 2021 in addition to his co-founding duties. 

He hung up his CEO hat in August 2021 and put on a managing director's one instead. He has continued in this position for the past seven months as the business works out the details of its IPO financing.

SharkTank India (2021-2022)

Before being forced to leave and give up his responsibilities in the company on February 28 2022 Ashneer Grover served as the managing director and co-founder of Bharat. Shark Tank India's first season began on December 20 2021 and ended on February 4 2022. 

India submitted 62 000 applicants for the first season and 198 companies were chosen to present their ideas to the sharks. This season 67 businesses on the reality TV show received deals out of 198 investment offers. In the first season Ashneer Grover's time as an investor helped him become quite well-known. 

Fans were inspired to make memes by his frank interactions with the competitors and his remark Ye doglapan hai turned into a catchphrase among the audience. He was listed as the co-founder and managing director (MD) of the Indian fintech business BharatPe on his profile while he was on the programme. But after weeks of disagreement with the management he left the organisation.

Upcoming Investments

Unicorn Dreams by Ashneer Grover

According to rumours from June 16 2022 Ashneer Grover was seeking out a new business for which he would probably need to raise between $200 and $300 million. In order to raise the necessary funds the former co-founder and MD of BharatPe is currently in the US and in discussions with family offices and other private equity offshore players based in the US. 

According to sources Grover may have invested some of his own funds to launch the company. He later plans to sell a portion of his BharatPe interests or raise money by selling shares of the new company.

Also mentioned was the fact that Grover's 8.5% interest is currently worth roughly $3 billion and that there are buyers for the stock.

When he was last reported in June 2022 Ashneer Grover had not decided which company or industry he would be likely to launch with his new enterprise. On the other hand the former creator of BharatPe said on his 40th birthday that he would be returning to the business field and had hoped to create another unicorn.

On July 9 2022 the firm which is known as Third Unicorn Pvt Ltd. and was founded by Ashneer and his wife Madhuri Jain Grover has already been established. Ashneer Grover and his wife will both serve as Directors for the firm which will purportedly debut on July 6 2022. The disclosed amounts for the authorised share capital and the total paid-up capital are each Rs. 10 lakh.

Controversies

Money Laundering (March 2022)

Ashneer Grover co-founder and Managing Director (MD) of BharatPe on Monday 28 February 2022 resigned from the fintech startup with immediate effect.
Grover has indicated that he will continue to be the "single largest individual shareholder of the company" despite stepping down from his positions as BharatPe MD and director of the board.

After allegations of financial misappropriation led BharatPe to fire his wife Madhuri Jain Grover the company's head of controls Grover abruptly announced his resignation. In addition the Singapore International Arbitration Centre (SIAC) rejected Grover's petition against the company for opening an investigation into him.

Grover stated in his resignation letter that since the start of 2022 unfortunately I've been embroiled in baseless and targeted attacks on me and my family by a few individuals who are willing to harm not only me and my reputation but also the reputation of the company which ostensibly they are trying to protect.

Threatening Kotak Bank Officer (January 2022)

During the first week of January 2022 Bongu Babu posted an audio sample and a SoundCloud link. Ashneer is allegedly threatening a Kotak Bank staffer over the phone in this instance. He was disappointed when he was denied shares in Nykaa's IPO.

Ashneer however had deemed this audio tape to be phoney. He claimed that the threat being used is an attempt to extort money. Grover commented about this video from his Twitter account as well writing Friends… Settle down. This is a phoney audio recording of con artists attempting to collect 240 000 bitcoins in donations and I stood my ground.

Insulting Ankur Warikoo

Recently during the discussion a student from the Institute of Management Technology Ghaziabad remarked These days most entrepreneurs are becoming influencers. I see many parallels between you and Ankur Warikoo. Do businesses begin to believe that fame is important?In response Mr Grover stated that he had never been informed anything more disrespectful and that he had only one rule: never use his and Mr Warikoo's names in the same sentence. 

He went on to add that he was so offended that he considered standing up and leaving. He informed the student he'd rather be cursed than compared to Ankur Warikoo.Grover joked that he was offended by the comparison after carefully listening to the student's query. He stated that he had never been informed anything more offensive. 

The 40-year-old businessman went on to say that he is so insulted that he just wants to get up and leave.I'm so offended that I want to stand up and leave. You don't put his and my names together in the same statement. I only have one rule: utter whatever you want to me. You can abuse my mother and sibling without repercussions. But don't put me in the same category as Ankur Warikoo. 

Net Worth

Ashneer Grover’s Networth is approximately $900 million (74 billion INR). He shares this family's opulent home in Delhi's Panchsheel Park. His enormous home is worth up to 30 crores according to estimates. 

Additionally he owns a collection of high-end luxury vehicles including the Porsche Cayman S Mercedes Maybach S650 Mercedes Benz GLS 350 Audi A6 and others.

Awards

• Grover received two honours in 2021- the Young Achiever's Award 
• The Entrepreneur of the Year Award year 2021.

6 Unknown Facts of Ashneer Grover

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• During his graduation years he received a grant from the French Embassy worth 6000 euros (between 2002-2003).
• As brand ambassadors for the company in 2021 Bharat Pe appointed a number of cricketers including Rohit Sharma Suresh Raina KL Rahul Jaspreet Bumrah etc.
• In one of his Instagram Posts he called himself a teetotaler. (Non-Alcoholic Drinker)
• He enjoys exploring and travelling to different places with his family.
• In November 2022 he penned the title of his new autobiography entitled Doglapan- my incredible life story.
• Grover is known for his best one-liners and humour during his debut at Shark Tank India. 

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