Sanjay Agarwal
Sanjay Agarwal | |
|---|---|
Agarwal in July 2023 | |
| Education | Chartered Accountant |
| Alma mater | Government College, Ajmer Institute of Chartered Accountants of India |
| Occupations | MD & CEO of AU Small Finance Bank |
| Children | 2 |
| Awards | Ernst & Young Entrepreneur of the Year, 2018 |
Sanjay Agarwal is an Indian businessperson and the founder of AU Small Finance Bank, where he has served as the managing director and CEO since April 2017.[1][2] He was named Ernst & Young Entrepreneur of the Year[3] Award 2018 in financial services.[4]
Education
He has a bachelor's degree in commerce from the Government College, Ajmer.[5] In 1995, he cleared the chartered accountant exam from the Institute of Chartered Accountants of India.[1]
Career
In 1996, Agarwal started Au Financiers, a financing firm in Jaipur to cater to rural and semi-urban Rajasthan,[6] with the help of a few high-net-worth individuals (HNIs) in Jaipur.[1][6]
Agarwal was first appointed as managing director of Au Financiers on 14 February 2008. In 2015, the Reserve Bank of India introduced the small finance bank (SFB) category in India to encourage financial inclusion. Of the 72 companies that applied for the SFB license, 10 received licenses, including AU Financiers.[7] As the company turned into a small finance bank on 19 April 2017, he became the Managing Director & CEO of AU Small Finance Bank.[5]
In 2017, AU Small Finance Bank went public with an initial public offering. In May 2021, the bank had a valuation of about ₹30,000 crore (US$4 billion) and Agarwal's net worth was about ₹11,597 crore (US$1 billion).[8]
Awards and recognition
- Ernst & Young Entrepreneur of the Year Award 2018.[9]
- Business Leader of the Year Award, 2016 under financial category by Institute of Chartered Accountants of India.[10]
See also
References
- ^ a b c Srivastava, Samar (4 September 2013). "AU Financiers: Making it Easy to Buy Second-Hand Commercial Vehicles". Forbes India.
- ^ Ray, Atmadip; Sinha, Shilpy (29 April 2015). "Small finance banks: Who will be the lucky ones as firms like AU Financier and FINO await licenses". The Economic Times.
- ^ "Siddhartha Lal wins the EY Entrepreneur Of the Year for 2018". The Economic Times. Retrieved 4 March 2021.
- ^ EOY India 2018 'Financial Services' Category Winner - Sanjay Agarwal, 14 February 2019, retrieved 4 March 2021
- ^ a b "AU Small Finance Bank Ltd". Reuters.com. 1 August 2019.
- ^ a b Mohan (25 July 2017). "AU Small Finance Bank to leverage its NBFC basics". Banking Frontiers.
- ^ Sharma, Sahib (28 December 2016). "AU Financiers gets final licence from RBI to start small finance bank". Livemint.
- ^ "Prudence Pays". Business Today. 15 July 2018.
- ^ "एयू बैंक के एमडी संजय अग्रवाल को ईवाई एंटरप्रेन्योर ऑफ द ईयर अवार्ड" (in Hindi). Dainik Bhaskar. 14 February 2019.
- ^ "संजय अग्रवाल को 'बिजनेस लीडर ऑफ द ईयर का मिला अवॉर्ड" (in Hindi). Rajasthan Patrika. 2 February 2017.