Adhil Shetty is the CEO and co-founder of India’s one of the biggest startup BankBazaar.com under A&A Dukaan Financial Serviceswhich is claimed to be the World’s first neutral online marketplace for instant customized rate quotes on loans and credit cards. Before founding BankBazaar Adhil worked at Cisco Systems as an engineer and Deloitte as a senior consultant.
| WIKI /BIO | DETAILS |
|---|---|
| Full Name | Adhil Shetty |
| Gender | Male |
| Born | 1980 |
| Age | 40 Years (as of 2020) |
| Hometown | Chennai, India |
| Occupation | Entrepreneur |
| Years active | 2007-Present |
| Current Position | Director & CEO of Bankbazaar.com |
| Company Founded | A&A Dukaan Financial Services Private Limited |
| Alma Mater | Electronics and Telecommunication Engineering from the College of Engineering Guindy, Anna University. |
| Current City | Chennai, India |
| Nationality | Indian |
| Religion | Hinduism |
| Height | – |
| Weight (Approx) | – |
| Eye Color | Dark |
| Hair Color | Black |
| Marital Status | – |
| Spouse | – |
| Children | – |
Early Life & Education
Adhil Shetty hails from Chennai, India.
- He completed his bachelor’s degree in Engineering (Electronics and Telecommunication) from the College of Engineering Guindy, Anna University.
- He also pursued a Masters degree from Columbia University at New York in International Relations specializing in International Finance and business.
Career & Net Worth
After completing his study, he worked at a few organizations in different roles. He began his career by working at Cisco as an engineer in Bangalore and San Jose back in April 2001. He worked there for around 2.5 years. And then he became a team member of Deloitte Consulting company and worked there as a senior consultant for another 2.5 years.
In 2008 Adhil Shetty with his brother Arjun Shetty and Rati Shetty (Arjun Shetty’s wife) founded Bank Bazaar. It helps users to get loans and shop for credit cards online in India.
Adhil represents BankBazaar.com at the Internet & Mobile Association of India (IAMAI) and is the convener for the IAMAI Regulatory Committee. He is also actively associated with CII’s Fintech and the Assocham’s eCommerce Committees.
Net Worth: According to Entrackr the valuation of Bankbazaar in FY20 is about Rs. 1982 crore ($280 million).
“We are on track to achieve Ebitda profitability for FY20…and now that we are hitting this target, we are still looking to do an IPO in the next few years…by FY22,” CEO Adhil Shetty said in a telephonic interview. That means the exact net worth shall be revealed in 2022.
Awards
- Adhil Shetty has been named as the CEO of the Year for 2016 by CMO Asia.
How Bankbazaar.com started?
Adhil started Bankbazaar when he was 28 years. He was in Chennai, after having moved back from the US. It was a tough and stressful time for Adhil that he left his high paid job in New York City and was living in his parent’s house, Chennai. At this time Shetty was worried about his startup venture whether the startup will grow, will customers accept it, will banks be happy, governments regulations and support, etc. He was stressful until 30.
On November 2007, Adhil along with another two co-founders Arjun Shetty (his brother) and Rati Shetty (Arjun’s wife) founded BankBazaar.com with the goal of simplifying people’s personal finance by providing the contents and services which can be accessed online with the help of the internet. The idea of BankBazaar came into their mind when they tried to get approval for their home loan but the process was very long and tiring. With this bitter experience, they thought about making an online portal where these types of services can be availed by sitting at home without going through a long process. Their idea was helping customers and BankBazaar became a hit within a few years.
Bank Bazaar was started with only Rs. 45 Lakh and 6 people. Till now, some of the biggest organizations and investors such as Amazon, Experian Ventures, Walden, Sequoia Capital and Eight Roads have funded in BankBazaar. Currently, BankBazaar is headquartered in Chennai, Tamil Nadu, India.