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Monday, 17 August 2015

Binny Bansal Biography, Wiki, Age, Height And Complete Profile


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Binny Bansal Biography Wiki 

Binny Bansal is an Indian Internet entrepreneur and Software Engineer from Indian Institute of Technology ( IIT Delhi, India ) who co-founded the county's largest e-commerce business Flipkart along with Sachin Bansal. He is serving as a chief Operating officer at Flipkart and previously working with Amazon for 9 months.

Binny Bansal Early Life And Background 

Binny was born 1981 in Chandigarh ( Capital city of Punjab and Haryana, India ). He did his schooling from St. Anne's Convent School, Chandigarh and then gained engineering degree in computer science engineering from IIT ( Indian Institute of Technology, Delhi). His partner and co-founder of Flipkart, Sachin Bansal is also sharing the same sir name with him and co incidentally schooled from St. Anne's Convent School, Chandigarh like him is no way in relation with each other by blood or some other way. They are only doing business with each other. After the completion of his degree in year 2005, Binny joined Amazon.com and served it for few months. After working here for few months, he came to realize that why not to start a company related to e-commerce in India as the services were quite low here at that time. They were planning to come up with a search engine initially but dropped the idea later. It was the year 2007, when Binny along Sachin, co-founded Flipkart and grabbed the marker soon with this innovative idea. He is currently living in Bangalore ( IT Hub of India ) along with his wife and children. His company has an estimated Net worth of $ 500 million.

Flipkart Success Story 

Within few years of Flipkart's existence it raised funds through venture capital funding and with some more growth more funds were arrived in. It repaid the investors with it's terrific performances year by year. In year 2008-09, it made sales to tune upto 40 million INR followed by 200 million in next year. It made the target of hitting one billion mark this year ( 2015 ). Initially, the company faced two basic problems. First one was Online Payment gateway and other was supply Chain system. Problems were not easy to tackle. Then they introduced the system of Cash on delivery to tackle first one and by launching their own supply chain management system to deliver orders in a timely fashion to tackle the second one. They won the trust of their customers soon and became the most successful e-business company.  It also acquired few companies like Myntra.com, LetsBuy.com etc., to better their presence in the market. Thus it is worth to be praised with success if one came up with a new idea and is not so hard to write the success story by own.

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