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Ashneer Grover Biography.

Ashneer Grover Biography, Net worth, Early Life, Career, Family

Ashneer Grover Biography, Net worth, Early Life, Career, Family

By reading this you will know all about Ashneer Grover’s Age, Wife, Education, Net Worth, Early, etc, so keep reading this article till the end.


Contents

  • Who is ashneer Grover?
  • Ashneer Grover Personal Life.
  • Wife & children of Ashneer Grover.
  • Controversies Of Ashneer Grover?
    • 1. Pamphlet Distribution Against Paytm.
    • 2. Suffix Battle with PhonePe.
    • 3. Viral Abusive Audio Clip.
    • 4. Resignation from BharatPe.
  • BharatPe-Ashneer Grover Controversy: A Timeline?

Who is Ashneer Grover?


Ashneer Grover is the Founder & Managing Director of Bharat Pe, he is currently judging Shark Tank India (A reality show inspired by an American television reality show). Ashneer Grover was born in Delhi, India on 14 June 1982. He has completed his graduation from the Indian Institute of Technology Delhi and the Indian Institute of Management Ahmedabad. Before starting the Bharat Pe he has worked in various companies like Kotak Investment Bank, Grofers, PC Jeweller Ltd and American Express. Bharat Pe, the payment application was launched by Ashneer Grover in 2018, since then the application is in use. At present, the application has 1 Crore+ download on Play Store.

To know more about the Founder and Managing Director of Bharat Pe (Ashneer Grover), please have a look at the table below.

Name

Ashneer Grover

DOB

14 June 1982

Age

39 Years (As of 2021)

Birth Place

Delhi, India

Profession

Founder and Managing Director of Bharat Pe

Religion

Hinduism

Nationality

Indian

Hometown

Delhi, India

Mother’s Name

Father’s Name

Marital Status

Married

Wife’s Name

Madhuri Jain Grover

Children's

A son Avy Grover, and a daughter Mannat Grover.

Educational Qualification

Graduate

Hobbies

Reading Books


Ashneer Grover Personal Life


Ashneer Grover has tied a knot with Madhuri Jain Grover, who is an entrepreneur. Amazing about him is that he is the rank holder of his batch. As I mentioned above he has done his Graduation from the Indian Institute of Technology Delhi, more about him is that he has done civil B.Tech engineering from the IIT Delhi.

Do you know? During Ashneer Grover’s graduation days he was also selected as an exchange student for INSA Lyon – Institut National des Sciences Appliquées de Lyon (France).

Out of 450 (Batch Members), Ashneer Grover and 5 more students were selected as exchange students by the Indian Institute of Technology Delhi. For the academic year 2002-2003, he went to the Institut National des Sciences Appliquées de Lyon (France) as an exchange student, where he was rewarded with €6000 as a scholarship by the Embassy of France.

Let’s have a look at a few more facts about the Founder & Managing Director of Bharat Pe.

  • Ashneer Grover was vice president of Kotak Financing Bank between May 2006 to May 2013.
  • Between May 2013 and March 2015, Ashneer Grover was Director of Corporate Development of American Express.
  • Between March 2015 and August 2017, he was Chief Financial Officer of Grofers (Now, known as blinkit)
  • Between November 2017 and October 2018, he was “Head Of New Business” at PC Jeweller Limited.

As an Investment Banker

After completing his MBA in finance, Ashneer Grover got placement as vice president in Kotak Investment Banking in 2006. He worked there for almost seven years. He was part of various IPO deals. He left the job in 2013.

As an MNC Employee

In 2013, Ashneer Grover joined as a director in Amix (American Express), which is a multinational company. He enjoyed working in an MNC, but he always wanted to do something different. He worked there for almost 2 years.

As a Chief Financial Officer

He joined n internet company "blinkit' in Gurgaon, Haryana as a chief financial officer, in April 2015. After leaving Amex in 2015, Ashneer Grover joined Grofers as a Chief financial officer in march 2017, and in August, he left the organization.

As an Investor in Shark tank.

Since October 2018 he is acting as Founder and Managing Director of Bharat Pe, and now he is also a judge on the Television reality show named Shark Tank India.

Ashneer Grover isn’t the only judge of the reality show, he is one of the seven judges of the show. Six other judges are Vineeta Singh, Peyush Bansal, Namita Thapar, Anupam Mittal, Ghazal Alagh, and Aman Gupta.

Wife & children of Ashneer Grover.


Ashneer Grover's wife's name is Madhuri Grover. She is also an entrepreneur. In Bharatpe, she manages hr, finance, and other internal operations. Before joining Bharatpe, she was an interior designer and worked with people like Satya Paul and Alok industries. She also had her own furnishing business named mauve and brown. She also worked with south Indian actress Asin and her husband, Rahul Sharma. Madhuri Grover has also done the interior of her house in south Delhi.

When Ashneer started BharatPe, he could not afford many employees, he needed someone who could manage the internal operations of the organization, so Madhuri joined BharatPe. Ashneer and Madhuri have two children, a son Avy Grover, who is 11 years old, and a daughter, Mannat Grover.

Ashneer Grover Bharat Pe basically helps small merchants and Kirana (Grocery) stores in India to maintain their sales, the application Bharat Pe has got a good response from its users, in the last two years Bharat Pe has gained more than a million users or Kirana Stores.

Controversies Of Ashneer Grover?


1. Pamphlet Distribution Against Paytm.

In 2020, Paytm and other such companies filed a lawsuit against Mr. Grover and his company BharatPe for distributing pamphlets, claiming that Paytm and other companies were not purely India-based companies. They also requested the Reserve Bank of India to take action against BharatPe.

2. Suffix Battle with PhonePe.

In 2021, PhonePe, after filing a lawsuit against BharatPe claiming trademark rights over the suffix, sought speedy disposal of the main lawsuit.

3. Viral Abusive Audio Clip.

In January 2022, an audio clip went viral in which Mr. Grover had a huge fight with the Kotak Mahindra Bank. The bank alleged that Mr. Grover and his wife had threatened one of their employees. Later, Mr. Grover took to Twitter and termed the audio clip fake. He said, "Folks. Chill. It's fake audio by some scamster trying to extort funds (USD 240,000 bitcoins). I refused to buckle. I've got more character. And, the internet has got enough scamsters.""Folks. Chill. It's fake audio by some scamster trying to extort funds (USD 240,000 bitcoins). I refused to buckle. I've got more character. And, the internet has got enough scamsters."

Reportedly, Mr. Grover had asked the bank to give him Rs. 500 crores ahead of Nykaa's IPO launch, which the bank refused to give him. A few days after the viral audio clip, Mr. Grover went on leave till March-end 2022 following which the company released a statement that read,

"For now, the board has accepted Ashneer's decision which we agree is in the best interests of the company, our employees and investors, and the millions of merchants we support each day."

4. Resignation from BharatPe


BharatPe Co-founder Ashneer Grover Resigns, Says 'Founder of Company Reduced to...'

In the last week of January, Madhuri Jain was sent on leave just a week after Grover announced his leave of absence, according to reports. BharatPe co-founder and managing director Ashneer Grover has resigned from the fintech firm with immediate effect. He wrote, 'Today I am being vilified and treated in the most disgraceful manner...'

Ashneer Grover, the co-founder and managing director of BharatPe, has resigned from the fintech firm amid ongoing controversy at the company. “I write this with a heavy heart as today I am being forced to bid adieu to a company of which I am a founder," Grover wrote in his resignation email. The decision comes a few days after he had lost an arbitration that he had filed against the fintech’s decision to launch an investigation against him, with the Singapore International Arbitration Centre (SIAC).

The controversy at one of the most famous fintech companies in India started after an audio clip had surfaced online where Grover had allegedly abused an employee of the Kotak Mahindra Bank.

“I say with my head held high that today this company stands as a leader in the fintech world. Since the beginning of 2022, unfortunately, I’ve been embroiled in baseless and targeted attacks on me and my family by a few individuals who are ready not only to harm me and my reputation but also harm the reputation of the company, which they are ostensibly trying to protect," BharatPe managing director wrote in his letter to the board.

“From being celebrated as the face of Indian entrepreneurship and an inspiration to the Indian youth to build their own businesses, I am now wasting myself fighting a long, lonely battle against my own investors and management. Unfortunately, in this battle, the management has lost what is actually at stake – BharatPe," he further added.

On 1 March 2022, he quit BharatPe as managing director. Reportedly, he took this move soon after receiving an upcoming board meeting agenda in which the consideration of action against him was supposed to be included based on the report submitted by advisory firm PwC.

BharatPe-Ashneer Grover Controversy: A Timeline?


Earlier this year, a phone conversation went viral in which a man, alleged to be Ashneer Grover, could be heard abusing an employee of Kotak Mahindra Bank after the lender had missed out on the initial public offering (IPO) allotment for Nykaa. At first, BharatPe managing director claimed the audio was ‘fake’ in a tweet on the social media platforms. Later, he deleted the tweet. Kotak Mahindra Bank allegedly initiated a case against Ashneer Grover and his wife for using “inappropriate languages" against their employees.

On January 19, Grover went for a “voluntary leave" of absence until the end of March. He mentioned at that time that he will be back “on or before April 1." After 10 days, BharatPe Board announced to launch of an independent audit of its internal process and systems. It also appointed Alvarez and Marsal, a leading management consultant and risk advisory firm to advise the board on its recommendations.

According to the preliminary report by risk advisory firm Alvarez and Marsal conducted in January, inconsistencies were found in dealings with vendors. Grover, time and again alleged that the governance review was riddled with prejudice. He wrote a letter to the BharatPe board asking them to remove the chief operating officer Suhail Sameer from the board.

Earlier in February, Grover sought indemnity from any future action against him in his ongoing settlement discussions with the fintech firm and its shareholders, according to reports. Last week, the BharatPe board sacked Madhuri Jain Grover, Ashneer’s wife and head of controls at the company, over allegations of misappropriation of funds.

‘Founder of the Company has been Reduced to a Button to be Pressed’ “It is said that you have even lost touch with the founder. For you, the founder of the company has been reduced to a button to be pressed when needed. I cease to be a human for you. Today, you have chosen to believe in gossip and rumors about me instead of having a frank conversation," said Grover in his letter.

“The fact of the matter is that today you believe that I have served my utility and so incrementally I am just becoming a liability. And since the investor template to make an unwanted founder go away is to make them the villain of the piece, that’s what you have gone and done. Today I am being vilified and treated in the most disgraceful manner," he further mentioned.


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