Sanjay Agarwal | |
|---|---|
 Agarwal in July 2023 | |
| Education | Chartered Accountant |
| Alma mater | Government College, Ajmer Institute of Chartered Accountants of India |
| Occupation(s) | MD & CEO ofAU Small Finance Bank |
| Children | 2 |
| Awards | Ernst & Young Entrepreneur of the Year, 2018 |
Sanjay Agarwal is an Indian businessperson,Chartered accountant and the founder ofAU Small Finance Bank, where he has served as the Managing Director & CEO since April 2017.[1][2] He was namedErnst & Young Entrepreneur of the Year[3] Award 2018 in financial services.[4]
He has a bachelor's degree in commerce from theGovernment College, Ajmer.[5] He is achartered accountant from theInstitute of Chartered Accountants of India.[1]
After clearingCA in 1995, Sanjay started his own venture inJaipur. Realizing the lack of institutions to cater to the financial needs of people in rural and semi-urbanRajasthan, he decided to start a financing firm, the erstwhileAu Financiers in 1996.[6]
He started the business with the help of a fewHigh Net worth Individuals (HNIs) inJaipur. For over 2 decades,Au Financiers provided funding for income generating assets and partnered with customers.[1][6]
In 2015, theReserve Bank of India commenced the Small Finance Bank (SFB) category in India to encourage financial inclusion. Of the 72 companies that applied for theSFB 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 ofAu Financiers on 14 February 2008. As the company transformed into a Small Finance Bank on 19 April 2017, he became the Managing Director & CEO ofAU Small Finance Bank.[5]
In 2017, theIPO of theAU 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]
