Mukesh Bansal Wiki, Age, Net Worth, Wife, Family, Biography & More

Mukesh Bansal is an Indian entrepreneur. He is known for founding the Indian fashion e-commerce site Myntra. Besides, he currently serves as the co-founder and CEO of the cult.Fit

Wiki/Biography

Mukesh Bansal was born on September 6, 1975 (age 49, as of 2024) in Haridwar, Uttarakhand. He did his schooling at Vidya Mandir Senior Secondary School, Haridwar. Soon after completing his higher secondary education, he pursued a Bachelor of Technology in Computer Science at the Indian Institute of Technology, Kanpur.

Physical Appearance

• Height (approx.): 5′ 9″
• Hair Colour: Black
• Eye Colour: Black

Family

Mukesh Bansal belongs to a Hindu family in Haridwar, Uttarakhand.

Parents & Siblings

Born and brought up in a modest middle-class upbringing, Mukesh Bansal’s father, Shrawan Kumar Bansal, worked for Bharat Heavy Electricals Limited. White, his mother, is a homemaker. He has two younger sisters who are also related to technology. One of them works with Google in the US, while the other works at HCL in Noida.

Wife & Children

Mukesh Bansal’s wife, Archana, is a businesswoman. Meanwhile, the couple has two children, a daughter aged 17 and a son aged 13.

Relationships/Affairs

Not Known

Career

Initial Career

Soon after pursuing an undergraduate degree, he was planning to pursue an MBA and start his start-up. However, soon after graduating, in 1997, he got a job with the consulting firm Deloitte and relocated to Chicago.

Nevertheless, after two years at Deloitte, he couldn’t fit into the corporate environment. Hence, in 1999, he quit his job at the conglomerate and drove down there with a friend.

Following quitting Deloitte, he and his friend planned to start a job portal; however, they gave up after working for the same for a few months. Meanwhile, between 1999 and 2007, Mukesh Bansal worked for four early-stage companies. Out of the four start-ups, two were in the e-commerce space and two in the enterprise software business.

Myntra

In the eight years, Bansal learned the nature of business and start-ups. Soon after, in 2007, he moved back to India and started Myntra. Initially, he started looking for funding partners and partnered with his college juniors, Ashutosh Lawania and Vineet Saxena. Initially, Myntra was a corporate-customized gift and didn’t perform up to the mark.

Hence, in 2010, Bansal evaluated many categories and, hence, settled on fashion as an alternative business. With this change, the company gained worthy investors and became India’s most-funded company.

Flipkart

Later, in 2014, Mukesh Bansal met and began interacting with Flipkart founders, Sachin and Binny Bansal. So, making his competitors collaborators, the three Bansals joined hands for a higher probability of success. Meanwhile, following Flipkart’s acquisition of Myntra, he joined Flipkart as Head of Commerce & Advertising Business.

Cult.Fit

In 2016, Mukesh Bansal, along with Ankit Angori, founded Cult.fit, a fitness and well-being start-up.

Awards, Honours, Achievements

• He has been listed among the Best 40 Under 40 Entrepreneurs by Fortune Magazine.
• Owing to his significant entrepreneurial contributions, IIT Kanpur conferred its alumnus, Mukesh Bansal, the Distinguished Alumnus Award of 2021.

Car Collection

There is not much information available about Mukesh Bansal’s car collection.

Also read: Kunal Bahl’s Bio: The Snapdeal’s Co-Founder Who Changed the Face of Shopping Industry

Salary

Mukesh Bansal earns an annual salary of INR 21 crore from Flipkart, according to sources.

Net Worth

Talking about his business valuation, Mukesh Bansal’s businesses, Cult. Fit and Myntra, had a combined valuation of INR 18,000 crore. Meanwhile, he has an estimated net worth of INR 4200 crore.

Facts/Trivia

• Following the establishment of Myntra, Mukesh Bansal travelled back and forth between India and the United States. Due to this, he once landed in an emergency room in California.
• He likes reading books in his leisure time. In addition to that, he reads a book once a week on his Kindle.
• Mukesh is a fitness enthusiast. Additionally, he wakes up daily at 5 am to follow his daily workout regime.
• He started Myntra with a personal investment of INR 30 lakh.
• Before venturing into the field of entrepreneurship, he was a software engineer and worked for a conglomerate.
• Besides being an entrepreneur, Mukesh Bansal is a writer. Additionally, he has penned the book, No Limits: The Art and Science of High Performance.
• He follows a vegetarian diet.