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{{Short description|Indian entrepreneur}}
{{Use dmy dates|date=February 2019}}
{{Use Indian English|date=February 2019}}
{{Infobox person
{{Infobox person
| name = Narendra Bansal
| name = Narendra Bansal
| nationality = [[India]]n
| image =
| image =
| caption =
| caption = Mr. Narendra Bansal [[New Delhi]], 2015
| birth_name =
| birth_date = {{Birth year and age|1963}}
⚫
| occupation = Chairman & Managing Director [[Intex Technologies]]
| alma_mater = [[University of Delhi]]
| birth_place = [[Hanumangarh]], [[Rajasthan]], [[India]]<ref name="Marwar"/>
| residence = [[New Delhi]], India
| nationality = Indian
⚫
| occupation = {{unbulleted list| Chairman & Managing Director [[Intex Technologies]] | Owner of [[Gujarat Lions]]}}
| spouse = Alpa Bansal (m. 1990)
| children = [[Keshav Bansal]]<br>Ishita Bansal<ref>{{cite news|title=Making it to Tomorrowland! Nothing's impossible for the Intex MD's children|url=http://economictimes.indiatimes.com/magazines/panache/making-it-to-tomorrowland-nothings-impossible-for-the-intex-mds-children/articleshow/54025644.cms|publisher=[[The Economic Times]]|date=6 September 2016}}</ref>
| alma_mater = [[Swami Shraddhanand College, University of Delhi]] (1986)
| website = {{URL|http://www.intex.in/|Official website}}
| signature =
| parents =
}}
}}
'''Narendra Bansal''' (born 1963) is an Indian [[Business magnate|entrepreneur]], [[philanthropist]] and the Chairman & Managing Director of [[Intex Technologies]],<ref name="BusinessLine">{{cite news|last1=Prince Mathew|first1=Thomas|title=The success story of Intex|url=http://www.thehindubusinessline.com/blink/work/the-success-story-of-intex/article9003314.ece|publisher=[[The Hindu Business Line]]|date=19 August 2016}}</ref><ref>{{cite news|last1=Dwivedi|first1=Vinay|title=My Enterprise: How Narendra Bansal grew Intex Tech turnover from Rs 1.18 cr to over Rs 6K cr|url=http://economictimes.indiatimes.com/wealth/earn/my-enterprise-how-narendra-bansal-grew-intex-tech-turnover-from-rs-1-18-cr-to-over-rs-6k-cr/articleshow/52807877.cms|publisher=[[The Economic Times]]|date=20 June 2016}}</ref> an Indian consumer durables and India's second-largest selling<ref name="BusinessLine"/> mobile phone company.<ref name="TheEco">{{cite news|last1=Singh|first1=Rajiv|title=How Narendra Bansal made Intex India's third-largest selling mobile phone|url=http://economictimes.indiatimes.com/tech/hardware/how-narendra-bansal-made-intex-indias-third-largest-selling-mobile-phone/articleshow/50883186.cms|publisher=[[The Economic Times]]|date=7 February 2016}}</ref><ref>{{cite news|last1=Antony|first1=Benny|title=Intex keen to enter affordable mobile phone space in India|url=http://www.deccanherald.com/content/591970/intex-keen-enter-affordable-mobile.html|publisher=[[Deccan Herald]]|date=18 January 2017}}</ref> He has recently diversified into the sports management arena and has acquired the [[Gujarat Lions]], plays for [[Indian Premier League|IPL]] team.<ref name="Forbes">{{cite news|last1=Datta|first1=Aveek|title=As competition heats up, Intex's Bansals make some clever calls|url=http://www.forbesindia.com/article/work-in-progress/as-competition-heats-up-intexs-bansals-make-some-clever-calls/44311/1|work=[[Forbes India]]|date=20 September 2016}}</ref>


== Early life and education ==
'''Narendra Bansal''' (born 1963), is an Indian [[Business magnate|entrepreneur]], [[philanthropist]] and the Chairman & Managing Director of [[Intex Technologies]], an Indian consumer durables company.<ref>{{cite news|title=Company Overview of Intex Technologies (India) Ltd|url=http://www.bloomberg.com/research/stocks/private/person.asp?personId=42225015&privcapId=39599696}}</ref>
⚫
He was born in 1963 in [[Hanumangarh]], [[Rajasthan]]. His father late Bhanwarlal Bansal was a businessman and mother a homemaker. He attended the primary school in his village and after a few years, his family moved to [[Nepal]] where he finished his secondary education from Vishwaniketan High School.<ref name="Marwar">{{cite news|title=Dynamic Duo|url=http://www.marwar.com/cover-story/dynamic-duo.html|publisher=Marwar|date=15 October 2016}}</ref> In 1980, the family moved back to [[Delhi]] where he finished his graduation in commerce from [[Swami Shraddhanand College, University of Delhi]].<ref name="TheEco"/>
He has recently diversified into the sports management arena and has acquired the Rajkot IPL team.


== Early life ==
==Business career ==
⚫
Narendra Bansal had an entrepreneurial streak from the very beginning and wanted to establish his own business. In 1980s, the music industry was at an inflection point and audio cassettes were gaining a lot of popularity with music enthusiasts. Bansal started his business venture by trading in these compact cassettes. He bought them from various manufacturers and sold them to the retailers in [[Lajpat Nagar|Lajpat Rai Market]] and [[Palika Bazaar]] in [[Delhi]].<ref name="BusinessLine"/> He was successful in establishing a thriving business and continued the same business model with new products including video cassettes and video cassette recorders (VCRs), which continued till 1987.<ref name="Forbes"/>
⚫
Narendra Bansal was born in 1963 in [[Rajasthan]]. His father was a businessman and mother a homemaker. He attended the primary school in his village and after a few years, his family moved to [[Nepal]] where he finished his secondary education from Vishwaniketan High School.


⚫
He always had a technology orientation and with the arrival of floppy disks in 1987, he sensed a great business opportunity in a new and upcoming field. With the same business model of distribution and trading, he expanded the business portfolio from floppy disks to hard drives and RAMs.<ref>{{cite news|title=Narendra Bansal, Chairman & Managing Director, Intex Technologies (India) Ltd.|url=http://www.indiainfoline.com/article/editorial-interviews-leader-speak/narendra-bansal-chairman-managing-director-intex-technologies-india-ltd-116110100358_1.html|publisher=[[India Infoline]]|date=1 November 2016|location=Mumbai}}</ref><ref name="BusinessLine"/>
In 1980, the family moved back to Delhi where he finished his graduation in commerce from [[University of Delhi]]. Narendra Bansal had an entrepreneurial streak from the very beginning and wanted to establish his own business.
⚫
In 1980s, the music industry was at an inflection point and audio cassettes were gaining a lot of popularity with music enthusiasts. Narendra Bansal started his business venture by trading in these Compact Cassettes. He bought them from various manufacturers and sold them to the retailers in Lajpat Rai Market and Palika Bazaar in Delhi. He was successful in establishing a thriving business and continued the same business model with new products including video cassettes and video cassette recorders (VCRs), which continued till 1987.
⚫
He always had a technology orientation and with the arrival of floppy disks in 1987, he sensed a great business opportunity in a new and upcoming field. With the same business model of distribution and trading, he expanded the business portfolio from floppy disks to hard drives and RAMs.


In September 1994, he started International Impex with a capital of Rs.20,000 into the business that operated out of a basement in East of [[Kailash Colony|Kailash]] in [[South Delhi]].<ref>{{cite news|last1=Sharma|first1=Aabhas|title=Newsmaker: Narendra Bansal|url=http://www.business-standard.com/article/companies/newsmaker-narendra-bansal-115121001384_1.html|publisher=[[Business Standard]]|date=10 December 2015}}</ref> The company dealt in import of floppy disks, [[Ethernet card]]s and other accessories. The company gradually expanded in assembling, sales and after services of computers.<ref>{{cite news | title= Narendra Bansal's Intex Technologies: How the company turned into Rs 1,070 cr electronics behemoth|url= http://articles.economictimes.indiatimes.com/2013-09-02/news/41689046_1_intex-technologies-delhi-university-wholesale-market|archive-url= https://web.archive.org/web/20130905032740/http://articles.economictimes.indiatimes.com/2013-09-02/news/41689046_1_intex-technologies-delhi-university-wholesale-market|url-status= dead|archive-date= 5 September 2013}}</ref><ref>{{cite news|last1=Sharma|first1=Amit|title=Intex's hard drive on success lane|url=http://epaper.timesofindia.com/Repository/getFiles.asp?Style=OliveXLib:LowLevelEntityToPrint_ETNEW&Type=text/html&Locale=english-skin-custom&Path=ETM/2010/07/21&ID=Ar00402|archive-url=https://web.archive.org/web/20170803094510/http://epaper.timesofindia.com/Repository/getFiles.asp?Style=OliveXLib:LowLevelEntityToPrint_ETNEW&Type=text/html&Locale=english-skin-custom&Path=ETM/2010/07/21&ID=Ar00402|url-status=dead|archive-date=3 August 2017|work=[[The Times of India]]|date=21 July 2010}}</ref>
== Entrepreneurial ventures ==
A first generation entrepreneur, Narendra Bansal started his first business in September 1994, International Impex with a capital of Rs.20,000. The company dealt in import of floppy disks, ethernet cards and other accessories. The company gradually expanded in assembling, sales and after services of computers.
<ref>{{cite news | title= Narendra Bansal's Intex Technologies: How the company turned into Rs 1,070 cr electronics behemoth|url= http://articles.economictimes.indiatimes.com/2013-09-02/news/41689046_1_intex-technologies-delhi-university-wholesale-market}}</ref>


In 1996, Bansal founded Intex Technologies, a smartphone, consumer durables and IT accessories manufacturing company which is India's second-largest selling mobile phone company.<ref>{{cite news|last1=Mundy|first1=Simon|title=India's phonemakers cry foul on Chinese rivals|url=https://www.ft.com/content/6cb6405c-2276-11e7-8691-d5f7e0cd0a16|publisher=[[Financial Times]]|date=17 April 2017}}</ref><ref name="TheEco"/> He made a plea for help in an April 2017 interview with the ''[[Financial Times]]'', arguing for the Indian government to protect Indian mobile brands because "every child needs hand-holding by their parents."<ref name="cry">{{cite news|last1=Mundy|first1=Simon|title=India's phonemakers cry foul on Chinese rivals|url=https://www.ft.com/content/6cb6405c-2276-11e7-8691-d5f7e0cd0a16|publisher=Financial Times|date=17 April 2017}}</ref>
In 2000, he brought in manufacturing of Multimedia Speakers and expanded the company’s operations in [[Chennai]] as well.


== Awards ==
== Awards and recognition ==
* 2012, Lifetime Achievement Award by ''Cell IT'' Magazine for his contribution towards furthering the IT industry in India.
* 2012: Lifetime Achievement Award by ''Cell IT'' Magazine for his contribution towards furthering the IT industry in India<ref>{{cite news|title=Cellit Confers Lifetime Achievement Award to Shri Bharat Goenka & Shri Narendra Bansal|url=http://cellit.co.in/IT-News-Inner.aspx?ID=10564.3|publisher=Cellit Magazine|date=15 December 2012|url-status=bot: unknown|archiveurl=https://archive.today/20130217211204/http://cellit.co.in/IT-News-Inner.aspx?ID=10564.3|archivedate=17 February 2013}}</ref>
⚫
* 2016: Udyog Rattan Award - 2016 by Institute of Economic Studies (IES)<ref>{{cite news|title=Intex CMD Narendra Bansal Gets Prestigious Udyog Rattan Award|url=http://www.cxotoday.com/story/narendra-bansal-honored-with-udyog-rattan-award-2016/|publisher=CXO Today News|date=9 August 2016}}</ref><ref>{{cite news|title=Intex Technologies' CMD Narendra Bansal awarded Udyog Rattan 2016 Award|url=http://www.voicendata.com/intex-technologies-cmd-narendra-bansal-awarded-udyog-rattan-2016-award/|publisher=VoicenData.com|date=9 August 2016}}</ref>
* 2013, Lifetime Achievement Award by ''Digital Terminal'' magazine.
* 2016, Distinguished Entrepreneurship Award by The PHD Chamber of Commerce<ref>{{cite news|title=E-commerce will touch Rs 1 lakh cr in 5 years: Ravi Shankar Prasad|url=http://www.dnaindia.com/india/report-e-commerce-will-touch-rs-1-lakh-cr-in-5-years-ravi-shankar-prasad-2277306|publisher=[[DNA India]]|date=27 November 2016}}</ref><ref>{{Cite web|url=http://www.voicendata.com/intex-cmd-narendra-bansal-receives-2016-phdccis-entrepreneurship-award/|title=Intex CMD Narendra Bansal receives 2016 PHDCCI's Entrepreneurship Award|last=|first=|date=30 November 2016|website=Voicendata.com|publisher=|access-date=2 December 2016}}</ref>
⚫
* 2016, Udyog Rattan Award - 2016 by Institute of Economic Studies (IES) <ref>{{cite news | title= Intex Technologies’ CMD Narendra Bansal awarded Udyog Rattan 2016 Award|url= http://www.voicendata.com/intex-technologies-cmd-narendra-bansal-awarded-udyog-rattan-2016-award/}}</ref>
* 2016: Outstanding Contribution to Mobile Industry by CEAMA<ref>{{Cite web|url=http://www.newsvoir.com/release/mr-narendra-bansal-honoured-for-his-outstanding-contribution-to-mobile-industry-by-ceama--7991.html|title=Mr. Narendra Bansal Honoured for His Outstanding Contribution to Mobile Industry by CEAMA|website=Newsvoir|access-date=30 December 2016}}</ref>
* 2016: Empresario Most Inspiring Entrepreneur Award 2016 by [[National Institute of Industrial Engineering|NITIE]]<ref>{{cite news|title=Intex Technologies' CMD Narendra Bansal Awarded the Prestigious 'Empresario Most Inspiring Entrepreneur Award 2016' by Top B-School|url=https://www.telegraphindia.com/pressrelease/nv/33322/intex-technologies-cmd-mr-narendra-bansal-awarded-the-presti.html|archive-url=https://web.archive.org/web/20170803091232/https://www.telegraphindia.com/pressrelease/nv/33322/intex-technologies-cmd-mr-narendra-bansal-awarded-the-presti.html|url-status=dead|archive-date=3 August 2017|publisher=[[Telegraph India]]|date=20 October 2016}}</ref>


== Hobbies and Interests ==
== Philanthropy ==
Along with his family he runs charitable educational and health activities for the benefit of the urban under-privileged people of Delhi.
Along with his family he runs charitable educational and health activities for the benefit of the urban under-privileged people of [[Delhi]]. He is a chartered member of [[TiE]] and participates actively in various clubs and organisations working towards social causes including the [[Rotary Club]], Manthan and Rajasthan Club.<ref>{{cite news|title=Narendra Bansal, Speakers 2014|url=http://www.entrepreneurindia.com/congress/2014/narendra-bansal.php|accessdate=24 July 2017|publisher=[[Entrepreneur (magazine)|Entrepreneur]]}}</ref>
He is also a member of various organisations working towards social causes like Rotary Club of Ashoka, Manthan and Rajasthan Club.


⚫
==References==
He is a chartered member of TiE (The Indus Entrepreneurs).
{{reflist}}


== External links ==
He diligently practices yoga and meditation.
{{portal |Biography|India}}

* [http://intex.in/ Official website]
⚫
== References ==
* [https://www.bloomberg.com/research/stocks/private/person.asp?personId=42225015&privcapId=39599696 Executive Profile Narendra Bansal] at [[Bloomberg.com]]
{{Reflist}}


{{DEFAULTSORT:Bansal, Narendra}}
{{DEFAULTSORT:Bansal, Narendra}}
[[Category:Businesspeople from Delhi]]
[[Category:Businesspeople from Delhi]]
[[Category:Indian corporate directors]]
[[Category:Indian corporate directors]]
⚫
[[Category:Indian chief executives]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:1963 births]]
[[Category:1963 births]]
⚫
[[Category:Indian Hindus]]
[[Category:Indian industrialists]]
[[Category:Delhi University alumni]]

Latest revision as of 23:25, 21 October 2024

Narendra Bansal
Born1963 (age 61–62)
Hanumangarh, Rajasthan, India[1]
NationalityIndian
Alma materSwami Shraddhanand College, University of Delhi (1986)
Occupations
SpouseAlpa Bansal (m. 1990)
ChildrenKeshav Bansal
Ishita Bansal[2]
WebsiteOfficial website

Narendra Bansal (born 1963) is an Indian entrepreneur, philanthropist and the Chairman & Managing Director of Intex Technologies,[3][4] an Indian consumer durables and India's second-largest selling[3] mobile phone company.[5][6] He has recently diversified into the sports management arena and has acquired the Gujarat Lions, plays for IPL team.[7]

Early life and education

[edit]

He was born in 1963 in Hanumangarh, Rajasthan. His father late Bhanwarlal Bansal was a businessman and mother a homemaker. He attended the primary school in his village and after a few years, his family moved to Nepal where he finished his secondary education from Vishwaniketan High School.[1] In 1980, the family moved back to Delhi where he finished his graduation in commerce from Swami Shraddhanand College, University of Delhi.[5]

Business career

[edit]

Narendra Bansal had an entrepreneurial streak from the very beginning and wanted to establish his own business. In 1980s, the music industry was at an inflection point and audio cassettes were gaining a lot of popularity with music enthusiasts. Bansal started his business venture by trading in these compact cassettes. He bought them from various manufacturers and sold them to the retailers in Lajpat Rai Market and Palika Bazaar in Delhi.[3] He was successful in establishing a thriving business and continued the same business model with new products including video cassettes and video cassette recorders (VCRs), which continued till 1987.[7]

He always had a technology orientation and with the arrival of floppy disks in 1987, he sensed a great business opportunity in a new and upcoming field. With the same business model of distribution and trading, he expanded the business portfolio from floppy disks to hard drives and RAMs.[8][3]

In September 1994, he started International Impex with a capital of Rs.20,000 into the business that operated out of a basement in East of Kailash in South Delhi.[9] The company dealt in import of floppy disks, Ethernet cards and other accessories. The company gradually expanded in assembling, sales and after services of computers.[10][11]

In 1996, Bansal founded Intex Technologies, a smartphone, consumer durables and IT accessories manufacturing company which is India's second-largest selling mobile phone company.[12][5] He made a plea for help in an April 2017 interview with the Financial Times, arguing for the Indian government to protect Indian mobile brands because "every child needs hand-holding by their parents."[13]

Awards and recognition

[edit]
  • 2012: Lifetime Achievement Award by Cell IT Magazine for his contribution towards furthering the IT industry in India[14]
  • 2016: Udyog Rattan Award - 2016 by Institute of Economic Studies (IES)[15][16]
  • 2016, Distinguished Entrepreneurship Award by The PHD Chamber of Commerce[17][18]
  • 2016: Outstanding Contribution to Mobile Industry by CEAMA[19]
  • 2016: Empresario Most Inspiring Entrepreneur Award 2016 by NITIE[20]

Philanthropy

[edit]

Along with his family he runs charitable educational and health activities for the benefit of the urban under-privileged people of Delhi. He is a chartered member of TiE and participates actively in various clubs and organisations working towards social causes including the Rotary Club, Manthan and Rajasthan Club.[21]

References

[edit]
  1. ^ a b "Dynamic Duo". Marwar. 15 October 2016.
  2. ^ "Making it to Tomorrowland! Nothing's impossible for the Intex MD's children". The Economic Times. 6 September 2016.
  3. ^ a b c d Prince Mathew, Thomas (19 August 2016). "The success story of Intex". The Hindu Business Line.
  4. ^ Dwivedi, Vinay (20 June 2016). "My Enterprise: How Narendra Bansal grew Intex Tech turnover from Rs 1.18 cr to over Rs 6K cr". The Economic Times.
  5. ^ a b c Singh, Rajiv (7 February 2016). "How Narendra Bansal made Intex India's third-largest selling mobile phone". The Economic Times.
  6. ^ Antony, Benny (18 January 2017). "Intex keen to enter affordable mobile phone space in India". Deccan Herald.
  7. ^ a b Datta, Aveek (20 September 2016). "As competition heats up, Intex's Bansals make some clever calls". Forbes India.
  8. ^ "Narendra Bansal, Chairman & Managing Director, Intex Technologies (India) Ltd". Mumbai: India Infoline. 1 November 2016.
  9. ^ Sharma, Aabhas (10 December 2015). "Newsmaker: Narendra Bansal". Business Standard.
  10. ^ "Narendra Bansal's Intex Technologies: How the company turned into Rs 1,070 cr electronics behemoth". Archived from the original on 5 September 2013.
  11. ^ Sharma, Amit (21 July 2010). "Intex's hard drive on success lane". The Times of India. Archived from the original on 3 August 2017.
  12. ^ Mundy, Simon (17 April 2017). "India's phonemakers cry foul on Chinese rivals". Financial Times.
  13. ^ Mundy, Simon (17 April 2017). "India's phonemakers cry foul on Chinese rivals". Financial Times.
  14. ^ "Cellit Confers Lifetime Achievement Award to Shri Bharat Goenka & Shri Narendra Bansal". Cellit Magazine. 15 December 2012. Archived from the original on 17 February 2013.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  15. ^ "Intex CMD Narendra Bansal Gets Prestigious Udyog Rattan Award". CXO Today News. 9 August 2016.
  16. ^ "Intex Technologies' CMD Narendra Bansal awarded Udyog Rattan 2016 Award". VoicenData.com. 9 August 2016.
  17. ^ "E-commerce will touch Rs 1 lakh cr in 5 years: Ravi Shankar Prasad". DNA India. 27 November 2016.
  18. ^ "Intex CMD Narendra Bansal receives 2016 PHDCCI's Entrepreneurship Award". Voicendata.com. 30 November 2016. Retrieved 2 December 2016.
  19. ^ "Mr. Narendra Bansal Honoured for His Outstanding Contribution to Mobile Industry by CEAMA". Newsvoir. Retrieved 30 December 2016.
  20. ^ "Intex Technologies' CMD Narendra Bansal Awarded the Prestigious 'Empresario Most Inspiring Entrepreneur Award 2016' by Top B-School". Telegraph India. 20 October 2016. Archived from the original on 3 August 2017.
  21. ^ "Narendra Bansal, Speakers 2014". Entrepreneur. Retrieved 24 July 2017.
[edit]
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