Sanjay Agarwal

Sanjay Agarwal is an Indian businessperson and founder of AU Small Finance Bank, where he is currently serving as the Managing Director & CEO.[2][3] He was named Ernst & Young Entrepreneur of the Year Award 2018 in financial services.[4]

Sanjay Agarwal
Sanjay Agarwal
NationalityIndian
Alma materGovernment College, Ajmer
Institute of Chartered Accountants of India
OccupationMD&CEO of AU Small Finance Bank
Net worth$1.5 billion[1]
Spouse(s)Jyoti Agarwal
Children2
AwardsErnst & Young Entrepreneur of the Year, 2018

Education

He has a bachelor's degree in commerce from the Government College, Ajmer.[5] He is a chartered accountant from the Institute of Chartered Accountants of India.[2]

Career

After clearing CA in 1995, Sanjay started his own venture in Jaipur. Realizing the lack of institutions to cater to the financial needs of people in rural and semi-urban Rajasthan, he decided to start a financing firm, the erstwhile Au Financiers in 1996.[6]

He started the business with the help of a few High Net worth Individuals (HNIs) in Jaipur. For over 2 decades, Au Financiers provided funding for income generating assets and partnered with customers.[2][6]

In 2015, the Reserve Bank of India commenced 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. AU Bank was the only non-banking finance company to receive this license.[7]

Agarwal was first appointed as Managing Director of Au Financiers on February 14, 2008. As the company transformed into a Small Finance Bank on April 19, 2017, he became the Managing Director & CEO of AU Small Finance Bank.[5]

In 2017, the IPO of the AU Bank was oversubscribed by more than 53 times. As of July 2018, the bank has a valuation of close to ₹20,000 crore (US$3 billion). Sanjay's market wealth is about ₹4,000 crore (US$561 million).[8]

Awards & honour

See also

References
  1. "Hurun Report". Retrieved 2020-11-27.
  2. Srivastava, Samar (September 4, 2013). "AU Financiers: Making it Easy to Buy Second-Hand Commercial Vehicles". Forbes India.
  3. Ray, Atmadip; Sinha, Shilpy (April 29, 2015). "Small finance banks: Who will be the lucky ones as firms like AU Financier and FINO await licenses". The Economic Times.
  4. "EOY 2018 Winners". Ey.com. 30 June 2019.
  5. "AU Small Finance Bank Ltd". Reuters.com. 1 August 2019.
  6. Mohan (July 25, 2017). "AU Small Finance Bank to leverage its NBFC basics". Banking Frontiers.
  7. Sharma, Sahib (December 28, 2016). "AU Financiers gets final licence from RBI to start small finance bank". Livemint.
  8. "Prudence Pays". Business Today. July 15, 2018.
  9. "एयू बैंक के एमडी संजय अग्रवाल को ईवाई एंटरप्रेन्योर ऑफ द ईयर अवार्ड" (in Hindi). Dainik Bhaskar. February 14, 2019.
  10. "संजय अग्रवाल को 'बिजनेस लीडर ऑफ द ईयर का मिला अवॉर्ड" (in Hindi). Rajasthan Patrika. February 2, 2017.
  11. "EOY 2014 Finalists Innovative game changers". ey.com. 1 July 2019.
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