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Ashneer Grover

About Ashneer Grover

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Who is Ashneer Grover?

Indian businessman Ashneer Grover is the former co-founder and managing director (MD) of the Indian fintech company BharatPe which he co-founded along with Shashvat Nakrani and Bhavik Koladiya in 2018. Grover also appeared as an investor on the reality TV show called 'Shark Tank India'.
 
Life and education
 
Ashneer Grover was born on June 14, 1982, in Delhi. His father was a Chartered Accountant (CA) and his mother was a teacher. He completed his elementary education from the national capital and graduated in B Tech in civil engineering from the Indian Institute of Technology (IIT) Delhi.
 
For further studies, he went to INSA Lyon University in France for a student exchange program during 2002-2003 and then completed his MBA from Indian Institute of Management (IIM) Ahmedabad in 2006.
 
Career
 
Before establishing BharatPe, he worked in many firms including; Kotak Investment Bank, Grofers, PC Jeweller Ltd and American Express. Ashneer's wife Madhuri Jain Grover, who is also an entrepreneur, served as the head of control at BharatPe since its incorporation and headed procurement and admin departments.
 
Ashneer Grover's resignation as BharatPe MD
 
Ashneer Grover resigned as MD and from the board director after receiving the agenda for the upcoming Board meeting that included submission of the PWC report regarding his conduct and considering actions based on it. According to Bharatpe's official statement, the board reserves the right to take action based on the report's findings. 
 
Grover resigned as MD and the company’s board director on February 28, 2022. The company said Grover tendered his resignation within minutes after the agenda for the board meeting on the PwC audit report was distributed.

Latest Updates on Ashneer Grover

As part of the settlement, Grover will no longer be associated with BharatPe, ending the legal battle that began with his removal as managing director in March 2022

Updated On: 18 Oct 2024 | 2:11 PM IST

Grover will neither be associated with BharatPe nor be a part of its shareholding

Updated On: 30 Sep 2024 | 11:55 PM IST

BharatPe has settled with former co-founder Ashneer Grover and has decided not to pursue any legal action. The case pertains to Bharatpe's allegations against Grover of fraud worth Rs 81 crore

Updated On: 30 Sep 2024 | 9:09 AM IST

BharatPe claimed that the notice pertained to an inquiry initiated in 2022, requesting additional information on its operations and actions taken against co-founder Ashneer Grover

Updated On: 07 Feb 2024 | 10:31 AM IST

The case will next be heard by the New Delhi bench of the National Company Law Tribunal (NCLT) on January 11

Updated On: 07 Dec 2023 | 2:25 PM IST

Ashneer Grover tendered an unconditional apology. Though the court accepted the apology, however, it said that it is subject to him paying the costs to Delhi High Court Clerk Association

Updated On: 28 Nov 2023 | 2:44 PM IST

Catch all the latest updates from across the globe here

Updated On: 17 Nov 2023 | 11:03 PM IST

Sharks are back with another season of Shark Tank India. Shark Tank India's official Instagram account shared the information. The show is likely to start in December or January

Updated On: 28 Sep 2023 | 10:11 AM IST

Following the development, Grover shared the video of his controversial statement in a post on his X

Updated On: 12 Sep 2023 | 2:01 PM IST

"Alternatively, if the PANs of the investors are shared with the AO by the company, he can verify the ITRs of the investors," the I-T department said

Updated On: 09 Sep 2023 | 11:23 AM IST

In total, out of a total of 65 deal commitments, only 40% (28) deals were honoured by seven sharks

Updated On: 20 Jul 2023 | 10:42 AM IST

Delhi Police's Economic Offences Wing also books Grover's other relatives on charges of defrauding BharatPe

Updated On: 11 May 2023 | 12:38 PM IST

In a series of tweets posted by Grover, he also shared some suggestions for Delhi airport authorities to expedite the checking process

Updated On: 23 Feb 2023 | 10:41 AM IST

Fintech firm says it is essential to strengthen the roles as it 'focuses on getting IPO ready'

Updated On: 24 Jan 2023 | 5:41 PM IST

Bhavik Koladiya and his teacher's son Shashvat Nakrani founded the fintech firm BharatPe in 2017 and Ashneer Grover joined the startup in 2018 as CEO

Updated On: 17 Jan 2023 | 10:46 PM IST

Grover wrote that taking advantage of the fact that "I do not indulge in alcohol, he would call Bhavik and Shashvat for drinking sessions and poison them against me

Updated On: 19 Dec 2022 | 1:30 PM IST

BharatPe has filed a case against Ashneer Grover's wife, Madhuri Jain, under Section 420 for a fraud of Rs 88 crore

Updated On: 08 Dec 2022 | 1:59 PM IST

Among the top brass leaving today were Vijay Aggarwal, Rajat Jain, Geetanshu Singla, and Nehul Malhotra

Updated On: 28 Nov 2022 | 9:42 PM IST

According to a media report, Koladiya's departure is due to a disagreement between him and BharatPe as well as the company's Chief Executive Officer Suhail Sameer.

Updated On: 02 Aug 2022 | 9:35 PM IST

Former BharatPe Co-founder and managing director Ashneer Grover said on Tuesday that Zomato should have acquired its arch rival Swiggy than 10-minute grocery platform Blinkit to avoid the mayhem

Updated On: 26 Jul 2022 | 3:44 PM IST