Narendra Bansal (born 1963) is an Indian

entrepreneur Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entreprene ...

philanthropist Philanthropy is a form of altruism that consists of "private initiatives for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material ...

and the Chairman & Managing Director of

Intex Technologies Intex Technologies is an Indian Multinational corporation, multinational technology company based in New Delhi, India that manufactures smartphones, consumer electronics, and other accessories. It also provides consumer electronic products such ...

, an Indian consumer durables and India's second-largest selling mobile phone company. He has recently diversified into the sports management arena and has acquired the

Gujarat Lions Gujarat Lions was a franchise cricket team based in the city of Rajkot, that represented the Indian state of Gujarat in the Indian Premier League (IPL). The team played in the IPL, along with Rising Pune Supergiant for two season between 2016 ...

, plays for IPL team.

Early life and education

He was born in 1963 in

Hanumangarh Hanumangarh is a city and municipal council in the Indian state of Rajasthan, situated on the banks of the river Ghaggar also identified as ancient Sarasvati river, located about 400 km from Delhi. It is the administrative headquarter o ...

Rajasthan Rajasthan (; Literal translation, lit. 'Land of Kings') is a States and union territories of India, state in northwestern India. It covers or 10.4 per cent of India's total geographical area. It is the List of states and union territories of ...

. 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 Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China Ch ...

where he finished his secondary education from Vishwaniketan High School. In 1980, the family moved back to

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, but spread chiefly to the west, or beyond its Bank (geography ...

where he finished his graduation in commerce from Swami Shraddhanand College, University of Delhi.

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 Rai Market and

Palika Bazaar Palika Bazaar is an underground market located between the inner and outer circle of Connaught Place, Delhi, India. It is named after Palika Bazaar of Mumbai. Palika Bazaar hosts 380 numbered shops selling a diverse range of items; howev ...

. 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 Mount Kailash (also Kailasa; ''Kangrinboqê'' or ''Gang Rinpoche''; ; ; , ) is a mountain in Ngari Prefecture, Tibet Autonomous Region of China. It lies in the Kailash Range (Gangdisê Mountains) of the Transhimalaya, in the western part of ...

South Delhi South Delhi is an administrative district of the National Capital Territory of Delhi in India with its headquarters in Saket. Administratively, the district is divided into three subdivisions, Saket, Hauz Khas, and Mehrauli. It is bounded by ...

. The company dealt in import of floppy disks,

Ethernet card A network interface controller (NIC, also known as a network interface card, network adapter, LAN adapter and physical network interface) is a computer hardware component that connects a computer to a computer network. Early network interface ...

s and other accessories. The company gradually expanded in assembling, sales and after services of computers. 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. He made a plea for help in an April 2017 interview with the ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

'', arguing for the Indian government to protect Indian mobile brands because "every child needs hand-holding by their parents."

Awards and recognition

* 2012: Lifetime Achievement Award by ''Cell IT'' Magazine for his contribution towards furthering the IT industry in India * 2016: Udyog Rattan Award - 2016 by Institute of Economic Studies (IES) * 2016, Distinguished Entrepreneurship Award by The PHD Chamber of Commerce * 2016: Outstanding Contribution to Mobile Industry by CEAMA * 2016: Empresario Most Inspiring Entrepreneur Award 2016 by NITIE

Philanthropy

Along with his family he runs charitable educational and health activities for the benefit of the urban under-privileged people of

. He is a chartered member of

TiE Tie has two principal meanings: * Tie (draw), a finish to a competition with identical results, particularly sports * Necktie, a long piece of cloth worn around the neck or shoulders Tie or TIE may also refer to: Engineering and technology * T ...

and participates actively in various clubs and organisations working towards social causes including the

Rotary Club Rotary International is one of the largest Service club, service organizations in the world. The self-declared mission of Rotary, as stated on its website, is to "provide service to others, promote integrity, and advance world understanding, go ...

, Manthan and Rajasthan Club.

References

External links

Official website

Executive Profile Narendra Bansal
at

Bloomberg.com Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Telev ...

{{DEFAULTSORT:Bansal, Narendra Businesspeople from Delhi Indian corporate directors Living people 1963 births Indian Hindus Indian industrialists Delhi University alumni