Sanjay Agarwal is an Indian businessperson, Chartered Accountant and founder of

AU Small Finance Bank AU Small Finance Bank Limited is an Indian Small finance bank, based in Jaipur, India. It was founded as vehicle finance company AU Financiers (India) Ltd in 1996 and converted to a small finance bank on 19 April 2017. AU Small Finance Bank serv ...

, where he is currently serving as the Managing Director & CEO. He was named

Ernst & Young Entrepreneur of the Year The EY Entrepreneur of the Year Awards previously Ernst & Young Entrepreneur of the Year Awards is an award sponsored by Ernst & Young in recognition of entrepreneurship. Founded in 1986 in Milwaukee as a single award, as of 2016 twenty-five pro ...

Award 2018 in financial services.

Education

He has a bachelor's degree in commerce from the

Government College, Ajmer Samrat Prithviraj Chauhan Government College, Ajmer is a college in Ajmer city of Rajasthan state in India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the seco ...

. He is a chartered accountant from the

Institute of Chartered Accountants of India The Institute of Chartered Accountants of India (ICAI) is India's largest professional accounting body under the administrative control of Ministry of Corporate Affairs, Government of India. It was established on 1 July 1949 as a statutory bod ...

Career

After clearing CA in 1995, Sanjay started his own venture in

Jaipur Jaipur (; Hindi Language, Hindi: ''Jayapura''), formerly Jeypore, is the List of state and union territory capitals in India, capital and largest city of the Indian States and union territories of India, state of Rajasthan. , the city had a pop ...

. Realizing the lack of institutions to cater to the financial needs of people in rural and semi-urban

Rajasthan Rajasthan (; lit. 'Land of Kings') is a state in northern India. It covers or 10.4 per cent of India's total geographical area. It is the largest Indian state by area and the seventh largest by population. It is on India's northwestern si ...

, he decided to start a financing firm, the erstwhile Au Financiers in 1996. He started the business with the help of a few High Net worth Individuals (HNIs) in

. For over 2 decades, Au Financiers provided funding for income generating assets and partnered with customers. In 2015, the

Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for ...

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

. In 2017, the

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

of the AU Bank was oversubscribed by more than 53 times. As of May 2021, the bank has a valuation of close to . Sanjay's market wealth is about .

Awards and recognition

Award 2018. * Business Leader of the Year Award, 2016 under financial category by

References

External links

Sanjay Agarwal Profile

Sanjay Agarwal's Interview
at ''

DNA India ''Zee Media Corporation Limited'' (abbreviated as ZMCL; formerly Zee News Limited) is the news broadcasting company of the Essel Group which is controlled by Subhash Chandra. The company is engaged mainly in the business of broadcasting of news ...

'' {{DEFAULTSORT:Agarwal, Sanjay Living people Businesspeople from Rajasthan Indian microfinance people Indian bankers Year of birth missing (living people)

Education

Career

Awards and recognition

See also

References

External links