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Billionaire Profile
Binny Bansal
Global Rank
#2612

Image: Unsplash Contributor | Unsplash License | via Unsplash

Binny Bansal

CEO, Flipkart
INDIA
Real-Time Net Worth
$1.41B
Estimated based on Flipkart stock value as of March 6, 2026
0% (24h)
Age
43
Source
Flipkart
Industry
fashion-retail
Citizenship
INDIA

Biography

Binny Bansal, born in 1982/1983, is an Indian billionaire and internet entrepreneur. He co-founded Flipkart in 2007, revolutionizing e-commerce in India. His career began after graduating from IIT Delhi with a degree in Computer Science and Engineering. Binny worked at Amazon before co-founding Flipkart. Under his leadership, Flipkart became one of India's largest e-commerce platforms, reaching a valuation of over $1 billion. In 2018, Walmart acquired a significant stake in Flipkart. Currently, with an estimated net worth of $1.4 billion (as of February 2024), he has ventured into investments and is involved in various start-ups, including xto10x Technologies, and the launch of Oppdoor.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Binny Bansal was born in Chandigarh, India, around 1982/1983. He completed his schooling at St. Anne's Convent School in Chandigarh. He pursued software programming at the Indian Institute of Technology (IIT) Delhi, graduating with a degree in Computer Science and Engineering.

Rise to Success

After graduating, Binny Bansal worked at Sarnoff Corporation and then joined Amazon as a software engineer. In 2007, he co-founded Flipkart with Sachin Bansal. Initially, Flipkart started as an online bookstore before evolving into a major e-commerce platform, offering various products. Binny played a key role in Flipkart's growth, leading it to become a prominent player in the Indian e-commerce market.

Key Business Strategies

Binny Bansal was instrumental in developing the strategies that drove Flipkart's success. He focused on customer experience and introduced innovative strategies like Cash on Delivery (COD). He also played a key role in the acquisition of Flipkart by Walmart in 2018. After the acquisition, he served as the Group CEO of Flipkart until November 2018. He has been featured in Forbes India's Rich List and India Today's 50 Most Powerful People of 2017 list.

Philanthropy

Binny Bansal has contributed to the endowment fund of the Indian Institute of Technology (IIT) Delhi.

Career Milestones

2007

Co-founded Flipkart

Co-founded the e-commerce platform Flipkart with Sachin Bansal.

2016

CEO of Flipkart

Promoted to Chief Executive Officer of Flipkart.

2017

Group CEO of Flipkart

Promoted to Group CEO of Flipkart.

2018

Resigned from Flipkart

Resigned from Flipkart due to allegations of personal misconduct.

2023

Sold remaining stake in Flipkart to Walmart

Sold remaining stake in Flipkart to Walmart.

2024

Resigned from Flipkart board

Resigned from the board of Flipkart.

Philanthropy & Social Impact

Education

IIT Delhi Endowment Fund

$16.8M

Invested in the endowment fund of the Indian Institute of Technology (IIT) Delhi.

Controversies & Challenges

2018

Personal Misconduct Allegations

Resigned from Flipkart after an investigation into allegations of personal misconduct.

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