Intex Technologies is certainly one of India’s main cellular and digital tools manufacturing corporations. The firm is on this place right now as a result of laborious work of its founder Narendra Bansal who began the corporate with solely Rs 20,000. Today, Narendra Bansal’s Intex Technologies is value greater than Rs 6,500 crores.
Intex is an Indian shopper sturdy and India’s second-largest promoting cell phone firm. Narendra Bansal has not too long ago diversified into the sports activities administration enviornment and has acquired the Gujarat Lions, an IPL workforce.
Many won’t know, however earlier than buying this multi-crore wealth, Narendra Bansal used to click on pictures of individuals in Delhi’s Birla Mandir. He used to promote these pictures then by sticking it to key rings.
Narendra Bansal was born in 1963 in Hanumangarh, Rajasthan. He attended the first faculty in his village and after a couple of years, his household moved to Nepal. He completed his secondary schooling from Vishwaniketan High School.
In 1980, the household moved again to Delhi the place he completed his commencement in commerce from Swami Shraddhanand College, University of Delhi.
Narendra Bansal offered audio-video cassettes to fulfill the bills of himself and his research. He had a want to do enterprise since childhood. That’s why he tried his hand in lots of companies. He used to do enterprise of cordless telephones in Naya Bazar, Chandni Chowk, Delhi.
Narendra Bansal had an entrepreneurial streak from the very starting and needed to determine his personal enterprise. At the time, IT trade was increasing in India. Narendra Bansal additionally labored in Delhi’s Nehru Place market promoting pc floppy disks and different equipment. This made him a bumper revenue. After this he determined to increase his enterprise and within the yr 1992 took a small rented store in Nehru Place after which began assembling computer systems there. In September 1994, he began International Impex with a capital of Rs 20,000 into the enterprise that operated out of a basement in South Delhi.
Narendra Basanal based Intex Technologies within the yr 1996. The specialty of his merchandise was that they got here straight from producers and wholesalers in China and Korea. Because of this, they had been cheaper than different corporations. Due to this, his firm obtained a revenue of Rs 30 lakh within the very first yr. After this, he began promoting audio system, dwelling theaters, DVD gamers.
In the yr 1997, the top workplace of the corporate was arrange in Delhi. After this, Intex Technologies additionally began promoting keyboards, web-cameras. After this, within the yr 2005, he began the manufacturing unit of the corporate in India itself.
When the market of cellphones in India picked up tempo, Intex launched low cost mobiles available in the market. In a low price range, the corporate made telephones with high options out there. This benefited the corporate rather a lot and the title of Intex went on the tongue of the folks. In the yr 2012, the corporate began making LED TVs. In the yr 2012, his son Keshav Bansal targeted on the media branding of the corporate. As a outcome, Intex turned the second largest firm in India after Micromax in cellular manufacturing.
Today, Intex Technologies is value greater than Rs 6,500 crore and Narendra Bansal’s internet value is greater than a whopping Rs 800 crore.
Narendra Bansal is married to Alpa Bansal since 1990 and has two youngsters – a son named Keshav Bansal and a daughter named Ishita Bansal.
