Narendra Bansal
| Narendra Bansal | |
|---|---|
| Residence | New Delhi, India |
| Nationality | Indian |
| Alma mater | University of Delhi |
| Occupation | Chairman & Managing Director Intex Technologies |
Narendra Bansal (born 1963), is an Indian entrepreneur, philanthropist and the Chairman & Managing Director of Intex Technologies, an Indian consumer durables company.[1] He has recently diversified into the sports management arena and has acquired the Rajkot IPL team.
Early life
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.
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.
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. [2]
In 2000, he brought in manufacturing of Multimedia Speakers and expanded the company’s operations in Chennai as well.
Awards
- 2012, Lifetime Achievement Award by Cell IT Magazine for his contribution towards furthering the IT industry in India.
- 2013, Lifetime Achievement Award by Digital Terminal magazine.
- 2016, Udyog Rattan Award - 2016 by Institute of Economic Studies (IES) [3]
- 2016, Distinguished Entrepreneurship Award by The PHD Chamber of Commerce[4]
Hobbies and Interests
Along with his family he runs charitable educational and health activities for the benefit of the urban under-privileged people of Delhi. He is also a member of various organisations working towards social causes like Rotary Club of Ashoka, Manthan and Rajasthan Club.
He is a chartered member of TiE (The Indus Entrepreneurs).
He diligently practices yoga and meditation.
References
- ↑ "Company Overview of Intex Technologies (India) Ltd".
- ↑ "Narendra Bansal's Intex Technologies: How the company turned into Rs 1,070 cr electronics behemoth".
- ↑ "Intex Technologies' CMD Narendra Bansal awarded Udyog Rattan 2016 Award".
- ↑ "Intex CMD Narendra Bansal receives 2016 PHDCCI's Entrepreneurship Award". www.voicendata.com. Retrieved 2016-12-02.