Sanjay Agarwal

Sanjay Agarwal is an Indian businessperson, Chartered Accountant and founder of AU Small Finance Bank, where he is currently serving as the Managing Director & CEO.[1][2] He was named Ernst & Young Entrepreneur of the Year[3] Award 2018 in financial services.[4]

Sanjay Agarwal
Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank]
NationalityIndian
EducationChartered Accountant
Alma materGovernment College, Ajmer
Institute of Chartered Accountants of India
OccupationMD&CEO of AU Small Finance Bank
Children2
AwardsErnst & Young Entrepreneur of the Year, 2018

Education

He has a bachelor's degree in commerce from the Government College, Ajmer.[5] He is a chartered accountant from the Institute of Chartered Accountants of India.[1]

Career

After clearing CA in 1995, Sanjay started his own venture in Jaipur. Realizing the lack of institutions to cater to the financial needs of people in rural and semi-urban Rajasthan, he decided to start a financing firm, the erstwhile Au Financiers in 1996.[6]

He started the business with the help of a few High Net worth Individuals (HNIs) in Jaipur. For over 2 decades, Au Financiers provided funding for income generating assets and partnered with customers.[1][6]

In 2015, the Reserve Bank of India 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.[7]

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 AU Small Finance Bank.[5]

In 2017, the IPO of the AU Bank was oversubscribed by more than 53 times. As of May 2021, the bank has a valuation of close to ₹30,000 crore (US$4 billion). Sanjay's market wealth is about ₹11,597.04 crore (US$1 billion).[8]

Awards and recognition

See also

References
  1. Srivastava, Samar (4 September 2013). "AU Financiers: Making it Easy to Buy Second-Hand Commercial Vehicles". Forbes India.
  2. Ray, Atmadip; Sinha, Shilpy (29 April 2015). "Small finance banks: Who will be the lucky ones as firms like AU Financier and FINO await licenses". The Economic Times.
  3. "Siddhartha Lal wins the EY Entrepreneur Of the Year for 2018". The Economic Times. Retrieved 4 March 2021.
  4. EOY India 2018 'Financial Services' Category Winner - Sanjay Agarwal, retrieved 4 March 2021
  5. "AU Small Finance Bank Ltd". Reuters.com. 1 August 2019.
  6. Mohan (25 July 2017). "AU Small Finance Bank to leverage its NBFC basics". Banking Frontiers.
  7. Sharma, Sahib (28 December 2016). "AU Financiers gets final licence from RBI to start small finance bank". Livemint.
  8. "Prudence Pays". Business Today. 15 July 2018.
  9. "एयू बैंक के एमडी संजय अग्रवाल को ईवाई एंटरप्रेन्योर ऑफ द ईयर अवार्ड" (in Hindi). Dainik Bhaskar. 14 February 2019.
  10. "संजय अग्रवाल को 'बिजनेस लीडर ऑफ द ईयर का मिला अवॉर्ड" (in Hindi). Rajasthan Patrika. 2 February 2017.
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