Narendra Bansal Net Worth: Chairman and MD of Intex Technologies

Narendra Bansal, currently the one leading Intex Technologies, is one of the biggest Indian business personalities right here in India. For those who don’t know yet, well, he was the one who actually started Intex Technologies, a major consumer electronics and mobile phone company in India, you know? And the story is pretty interesting actually, you see, he started with a capital investment of just Rs. 2,000, and now his company is worth Rs. 6,500 crores. His success has come a long way from those early days, and this is a legacy that is not only the technology field of India, but the world at large, that proves that a combination of hard work and big vision can lead to extraordinary success. And for those who are here just for the financial numbers, well, this man has got around Rs. 800 crores as net worth. Alright, now let’s see his life story a bit up close.

Early Life and Education

Well, in the year of 1963, the place called Hanumangarh in the state of Rajasthan saw the birth of a determined boy called Narendra Bansal. Just so you know though, he actually spent his early formative years in this town before his parents had to move to Nepal, a country in the bordering part of India, from where he received a high school education at Vishwaniketan School. Though, his family came back to Delhi in 1980 where he took up a Commerce degree at Swami Shraddhanand College, Delhi University. All in all, we can say that his upbringing in a family of business people ignited the flame of interest in entrepreneurship within him at an early age.

Initial Ventures and Struggles

After coming to Delhi, Narendra Bansal started trying his hands on some business ventures, like collecting sadhu key chains near Birla Mandir and later selling cordless phones in Chandni Chowk. Even if these activities were of little significance at the time, it helped him to garner helpful market information and eventually the courage to tackle more gigantic ventures down the line, you know? Though, the tech sector exploded in the 1990s which rang the bells of opportunity for Bansal and he switched to the tech industry, taking a deep dive into the sale of computer parts.

The Birth of Intex Technologies

Though, in 1994, Bansal established International Impex, a company that sold computer parts such as floppy disks and Ethernet cards. After two years, he asked Intex Technologies, a company that was established to produce consumer electronics and provide IT services. All he wanted was to be the provider of quality products and services at very low prices which quickly became appealing to Indian markets. He had the best of luck by transforming the company into an enterprise that made not only phone parts but also washing machines, satellite & cable TV receivers, and many more.

Rise of Intex Technologies

You see, by the early 2000s, Intex had become one of India’s leading tech companies, and we all say that, right? In 2005, Bansal opened the company’s first manufacturing facility in India, allowing Intex to produce locally and meet rising demand. Though, one thing to keep in mind is that the major achievement that Intex had was in the mobile phone market, where it was the seller of feature-rich smartphones and these were offered to make them outkill the qualities of its competitors. The peak of its success was the time when Intex grew to be the second-largest mobile phone company in India, did you know that already?

Business Expansion and Financial Success

The firm’s aggressive lead into the Indian industry as well as the involvement of Bansal in it, drove the company to the level of Rs. 6,500 crore, which was a remarkable amount in the country. It did this through the introduction of innovative but low-cost items, For example, the budget smartphone firm has become the most preferred company in India. And if you are a fan of IPL, then you must know that it was none other than Narendra Bansal’s company that owned the Gujarat Lions team in the 2016 and 2017 editions of the tournament.