[3]He was given the Padma Shri Award, the fourth Highest civilian award in India, in January 2020. Sanjeev Bikhchandani’ s story is an inspiration to freshers and professional jobseekers alike. Hence, he asked the retailer, if he could setup a website for him or how to go about it. Published On: Friday, September 18, 2015 Views 8031 Born in 1963 – Sanjeev Bikhchandani is the Founder and now the Executive Chairman of Info Edge, one of the most dependable Internet Ventures in India and … But even after being home to various billion dollar companies, Indian startup ecosystem is yet to mature as compared to its peers in the west. Sir is a living example of the fact that passion and foresight can drive one to achieve their deepest desires. 2,000 a month to meet his personal expenses! [4][5], He attended St. Columba's School, Delhi and finished schooling from there in 1981. Pradeep Gaur/Mint/Getty Images. All rights reserved. media caption Sanjeev Bikhchandani, creator of Indian job site, naukri.com Outside Info Edge, Mr Bikhchandani is busy with Ashoka University, a not-for-profit venture co-founded by 10 entrepreneurs. His venture also includes other websites like Jeevansathi.com, 99acres.com, Brijj.com, Allcheckdeals.com, Naukrigulf.com, Shiksha.com, and Firstnaukri.com. Bikhchandani came up from an economically “not-so-stable” family. ET Online . By Annasha / September 12, 2019 September 10, 2019 / founder, founder naukri.com, india, naukri.co, online employment platform, sanjeev bikhchandani, startup, startup story, story, success story, tech story / Founder, India, Inspiration, Product, start-up, Story, Tech Story. He agreed. Other than that; Info Edge also owns web sites like Jeevansathi.com, 99acres.com, Brijj.com, Naukrigulf.com, Shiksha.com, Quadrangle and Firstnaukri.com as well. His venture also includes other websites like Jeevansathi.com, 99acres.com, Brijj.com, Allcheckdeals.com, Naukrigulf.com, Shiksha.com, and Firstnaukri.com. They wanted someone who would own and maintain the databases, and would not charge them anything. The fact that, 14,000 (just) people were using internet that time, gave him a brilliant idea. So they used to send in 20 college students to get out all information filed under pharmaceuticals in all 134 classes. The site was very basic. in centimeters- 178 cm in meters- 1.78 m in feet inches- 5’ 10” Weight (approx.) This story is about Sanjeev Bikhchandani, an IIMA graduate. Life story of Naukri founder Sanjeev Bikhchandani- one of the Richest men in India. He completed his MBA from IIMA in 1989. Finally there are those who became entrepreneurs without even going to college or completing their school education – the best known story in India is of Dhirubhai Ambani. Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs 17 lakh crore of market cap has been transferred abroad after young Indian startups were forced to shift their company domicile overseas by foreign investors promising the funds they need for growth. BY. There after, he obtained a Bachelor of Arts degree in economics from St. Stephen's College, Delhi in 1984. Sanjeev had quit his lucrative management job at Glaxo Smithkline which used to pay him a salary of Rs.8,000 / month (which was great back then). And guess who could be the best example? But one thing was certain, that he wanted to get onto the Business wagon. Sanjeev Bikhchandani: Profession: Founder of Info Edge (India), which owns Naukri.com: Physical Stats & More: Height (approx.) You see, it is not easy for a man to put aside his ego and live on his wife’s salary. media caption Sanjeev Bikhchandani, creator of Indian job site, naukri.com Outside Info Edge, Mr Bikhchandani is busy with Ashoka University, a not-for-profit venture co-founded by 10 entrepreneurs. He is the founder of Info Edge which runs famous platforms like Naukri.com which is India's leading job portal website. Recently named one of the recipients of the Padma Shri award, Sanjeev Bikhchandani is the Co-Founder and Vice Chairman of Info Edge, the parent company of Naukri.com. According to his birthplace, He is Indian by birth. He wasn’t sure! Bikhchandani has also earned the respect of his peers. He worked there for three years, after which he moved to Ahmedabad to pursue his PGDM from Indian Institute of Management in 1987. Internet had now begun to come to India. Heck. Sanjeev Bikhchandani, when sharing the journey of how Naukri.com reached its present revenue size of Rs.300 crores explained how the idea of the ‘business of jobs’ emerged from his experience at IIM Ahmedabad and later, when working in the marketing division at HMM (now called GlaxoSmithKline). Success is an initiative to build a community of Entrepreneurs, Startups & Industry Stalwarts to celebrate success & to learn from shortfalls. So they also began receiving massive coverage, due to which they didn’t have to spend anything on marketing themselves, and started receiving great traffic. They literally used to read the magazine back to front. Not because they were unhappy about their jobs, but just to keep their guns loaded. As a Business Writer; Karan’s forte lies in writing some really interesting Case Studies about Companies/Eminent Personalities covering aspects which certainly, would not bore you to death! Even after being a Sindhi, he had absolutely no relation to business or businessmen. 1 job portal) about 20 years back from a humble servant’s quarter at his father’s house in Delhi. This is when the VCs began calling Sanjeev, but Bikhchandani turned all of them down. In 2004; the company earned Rs.45 crores, all from fresh ads and booked profits worth Rs. Sanjeev Bikhchandani is an Indian businessman, who is the founder and executive vice chairman of Info Edge which owns Naukri.com, a job portal,[1][2] as well as the co-founder of Ashoka University. In an environment where funding comes fairly easy, IPO remains the gold standard of recognition for a company coming of age. But soon Sanjeev noticed that fully loaded and funded competition was on its way, and he would also need to be an equally strong competitor or else, he would be crushed in no time. And that’s what he did. Sanjeev Bikhchandani said that foreign funds are the new East India Company that are colonising successful start-ups in India. Building up in the websites business, Infoedge later launched other classified sites like 99acres in real estate, Jeevansathi in matrimony and Shiksha in education. Info Edge's Sanjeev Bikhchandani on the role customer insights and capital efficiency play in building a business yourstory.com - Recently named one of the recipients of the Padma Shri award, Sanjeev Bikhchandani is the Co-Founder and Vice Chairman of Info Edge, the parent company … In October 1996, he happened to attend the annual event of IT Asia exhibition in Delhi, and came across one stall with ‘WWW’ written on it. Sanjeev Bikhchandani : The Man who Gave Hope to New India with Naukri.com. [11], It has been suggested that this article be, It may require cleanup to comply with Wikipedia's content policies, particularly, Please help to demonstrate the notability of the topic by citing, Learn how and when to remove these template messages, Learn how and when to remove this template message, Ernst and Young Entrepreneur of the Year Award, "Dot-com's poster boy - Sanjeev Bikhchandani", "What's in a name? In 2005, Naukri.com was reported as being India's largest web-based employment site.[9]. by Building It Up with Bertelsmann from desktop or your mobile device While Bikhchandani kept the first company that conducted surveys, his partner kept the trademark business as it was solely his idea. YoSuccess covers startup success stories & entrepreneur interviews to help emerging business persons share their story with world & inspire others like them Luckily, during the same time, journalists in India had also begun to write about Internet and were looking for Indian examples to talk about. The government used to take 5 years to approve or reject a trademark application back then. Due to the partition, everything went back to scratch. 8.4 crores. It all began in 1990! [7], Sanjeev after his PG left a job marketing Horlicks at HMM (now known as GlaxoSmithKline) in 1990 to set up two companies Indmark and Info Edge along with a partner. Sunday, 03 Jan, 5.38 am. Now that Naukri was started, he thought of bringing the forgotten database idea that he had thought of, to use. But they already had the database ready, and didn’t know what to do with it. In 1991, The Department of Telecom had announced that it was looking for private information providers to launch a video text service. News. 7 mins read. business Sanjeev Bikhchandani on what startups expect from Budget 2021 For his Budget 2021 Wishlist, Sanjeev Bikhchandani, Co-Founder, Info … They used to prepare a standard report and sell it to around 100-200 companies for Rs.5,000. So following the plan, after completing his Bachelors of Arts with specialization in Economics, he joined Lintas as an Accounts Executive in 1984. Share . But they have one thing in common: they believed in the power of their dreams. Yo! Sanjeev Bikhchandani is a successful person and has been an entrepreneur since the year 1990. Being brought up in government colonies, he was always told that if he wanted to achieve something in life, he will have to study as hard as he could. Additionally, Info Edge also holds a major stake in a range of companies including – Zomato Media Private Limited (www.zomato.com), Applect Learning Systems Private Limited (www.meritnation.com), Etechaces Marketing and Consulting Private Limited (www.policybazaar.com), Kinobeo Software Private Limited (www.mydala.com), Happily Unmarried Marketing Private Limited (www.happilyunmarried.com), Canvera Digital Technologies Private Limited (www.canvera.com) and Mint Bird technologies Private Limited (www.vacationlabs.com). [6] The first company specialized in pharmaceutical trademarks and the second produced salary Monthly ₹399. He was very lucky to have a wife like Surbhi, who took care of the household by working for Nestle, while he wasn’t working. Sanjeev Bikhchandani Wiki Sanjeev Bikhchandani Image. The home town of this person is Delhi. Abc Large. A frequent speaker at conferences and business schools, Board Member of The Indus Entrepreneurs (TiE) in Delhi and a member of the Global Board of Trustees of The Indus Entrepreneurs; personally, Sanjeev holds a Post Graduate Diploma in Management and Entrepreneurship from the prestigious Indian Institute of Management, Ahmedabad. Sanjeev Bikhchandani was apprehensive of 'Ashoka' University", "Anand Mahindra, Venu Srinivasan to be honoured with Padma Bhushan; Naukri.com founder to get Padma Shri", "Sanjeev Bikhchandani traces his journey from dreamer to achiever", "Info Edge's Sanjeev Bikhchandani shares his slip-ups on the path to success", "How billionaire debutant Sanjeev Bikhchandani built himself a fortune", "Strategic Growth Forum India - Speaker - Sanjeev Bikhchandani", https://en.wikipedia.org/w/index.php?title=Sanjeev_Bikhchandani&oldid=997777281, Indian Institute of Management Ahmedabad alumni, Recipients of the Padma Shri in trade and industry, Articles with short description added by PearBOT 5, All Wikipedia articles written in Indian English, Wikipedia articles with possible conflicts of interest from October 2016, Articles with topics of unclear notability from March 2013, All articles with topics of unclear notability, Biography articles with topics of unclear notability, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License, This page was last edited on 2 January 2021, at 05:02. After Criticism Of Foreign Investors, Sanjeev Bikhchandani’s Info Edge Fund Expands Corpus To INR 750 Cr . It was a database of resume, jobs and recruitment consultants. It was envisioned to be a platform where jobseekers and hiring managers searched met. Info Edge also owns websites like Jeevansathi.com, … Chapter Introduction. Sanjeev Bikhchandani’ s story is an inspiration to freshers and professional jobseekers alike. In 2012, Naukri entered into the Mobile world and launched their first Mobile App for Smartphone users designed for Blackberry, Android and iPhone devices. Sanjeev takes us through the transactional and tangible aspects of the IPO journey, while also sharing how to make those tough choices of NSE or BSE vs. NASDAQ, growth vs. profitability and many others. He is the founder of Info Edge which runs famous platforms like Naukri.com which is India's leading job portal website. Info Edge's Sanjeev Bikhchandani on the role customer insights and capital efficiency play in building a business . 1X . The second year, the figure jumped straight to Rs.18 lakhs. 830. [10] Additionally, he is a part of the 'Vision Circle' of FYI (Foundation for Young Innovators) - a shark tank for social initiatives exclusively open to high school students. 350. Together, the team began combing 29 newspapers to build it up the database. And in return, as a goodwill gesture, Sanjeev gave his brother a 5% stake in Naukri.com for paying $25 / month rent for the server. This was the time when the recession of the mid-1990s was going on, and was the perfect time to reach out to the people. In 1997, Bikhchandani set up Naukri.com, jobs portal on a server in the United States,[8] and later Quadrangle, an offline executive search business. media caption Sanjeev Bikhchandani, creator of Indian job site, naukri.com Outside Info Edge, Mr Bikhchandani is busy with Ashoka University, a not-for-profit venture co-founded by 10 entrepreneurs. Sanjeev Bikhchandani is an Indian businessman, who is the founder and executive vice chairman of Info Edge which owns Naukri.com, a job portal, as well as the co-founder of Ashoka University. Success Entrepreneur Community Invites You To Celebrate Your Success, Share Your Wisdom & Tell Us About Your Journey, Chairperson and Managing Director of Biozone Research Technologies Pvt. Sanjeev Bikhchandani (Mint) Naukri.com founder says foreign funds colonising Indian start-ups 4 min read. But when the user would pay, the revenue would be split. Sanjeev Bikhchandani. He didn’t care about what the neighbours, relatives, the society would think about him. Additionally, Info Edge – the parent company of Naukri.com, also owns web sites like Jeevansathi.com, 99acres.com, Brijj.com, Naukrigulf.com, Shiksha.com, Quadrangle and Firstnaukri.com as well. We must have come across a lot of inspirational stories and the story of Sanjeev Bikhchandani is one that will drive you a lot. In this episode of Building it up with Bertelsmann, we delve into all this and more with Sanjeev Bikhchandani, the man behind India’s first dotcom IPO. The real name of this Founder of Info Edge (India), which owns Naukri.com is Sanjeev Bikhchandani. Sanjeev Bikhchandani is an Indian businessman, who is the founder and executive vice chairman of which owns Naukri.com, a job portal, as well as the co-founder of Ashoka University.He was given the Padma Shri Award, the fourth Highest civilian award in India, in January 2020. Now his partner had noticed that the trade mark registry in Bombay had a library that was open to public inspection, where you could see pending trade mark applications. Upon asking, he was explained that, it was the World Wide Web and that it was internet. Founder and executive vice chairman of Nasdaq-listed Info Edge India Ltd Sanjeev Bikhchandani became an entrepreneur in 1996. As a 12-year-old, when most boys dream of fighter jets or gladiatorial sport, Bikhchandani dreamt of ­becoming an ent­re­preneur. This story is part of Forbes' coverage of India’s Richest 2020. So what’s holding back Indian … Now even though he had a secured and decent paying job, but this certainly did not justify his talent or fulfilled the purpose of studying so hard. In an environment where funding comes fairly easy, IPO remains the gold standard of recognition for a company coming of age. He obtained a Bachelor of Arts degree in Economics from St. Stephen College, Delhi University in 1984 and a Post Graduate Diploma in … Sanjeev Bikhchandani is the Founder and Executive Vice-Chairman of the HR services firm, Info Edge. At the 1996 Asia Exhibition, Bikhchandani came to know about the Internet through a retailer, who was reselling VSNL e-mail accounts. 24 March 2017. Sanjeev Bikhchandani epitomises this. In 2006, it became India’s first Dotcom Company to get listed on the Bombay & National Stock Exchanges in 2006. Naukri.com founder Sanjeev Bikhchandani says foreign funds are colonising Indian start-ups Bikhchandani called foreign funds the new East India Company, that … This chapter describes about how the entrepreneur came up crossing many hurdles in life. Sanjeev belonged to a regular middle-class family, wherein his father was a doctor at a government hospital with no “under-the-table” income, and his mother was a housewife. He was given to handle the marketing of Horlicks. He launched Naukri.com (currently Asia’s no. Shantanu Prakash did it. Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? And today, Naukri.com with a database of about 37 Million+ registered job seekers, controls almost 70% of the online job market traffic share. How? © 2014-2021 Yo! Unlike rediff.com, Khoj and Samachar who were targeting Indians in the US; they were the first site that was targeting Indians in India. The salary surveys which they were still doing helped them bare the expenses. Internet had just reached India, due to which for the first six months they barely had any Internet connection. 1 brand and India’s no. Share This Article . Founder and executive vice chairman of Nasdaq-listed Info Edge India Ltd Sanjeev Bikhchandani became an entrepreneur in 1996. Info Edge also owns websites like Jeevansathi.com, 99acres.com, Brijj.com, Naukrigulf.com, Shiksha.com, Quadrangle, and Firstnaukri.com.“When you don’t have a choice, and you don’t have options, you do it the way you got … In an environment where funding comes fairly easy, IPO remains the gold standard of recognition for a company coming of age. Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? Hinduism is followed by him. He attended St. Columba's School, Delhi and finished schooling from there in 1981. In addition to that; he also called-in Anil Lall and shelled out 8-9% for learning net-programming and doing it and V N Saroja 9% for running the company. Sanjeev Bikhchandani, an investor in his fledgling startup Policybazaar, not only gave him a patient hearing and acknowledged his concern, ... Bikhchandani declined to comment for the story. Sanjeev Bikhchandani is an Indian businessman, who is the founder and executive vice chairman of which owns Naukri.com, a job portal, as well as the co-founder of Ashoka University.He was given the Padma Shri Award, the fourth Highest civilian award in India, in January 2020. Yo! Share story. Sir is a living example of the fact that passion and foresight can drive one to achieve their deepest desires. But he knew what it would take to become an entrepreneur. Stream Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? This story is part of Forbes' coverage of India’s Richest 2020. “Sanjeev’s story is inspirational,” says MakeMyTrip Founder Deep Kalra. Successful entrepreneurs are the new economy boosters. While at Info Edge, they primarily used to deal in entry level salary surveys such as what companies were offering MBAs and Engineers at the entry level. He is also an astute investor, having invested in unicorns like Policybazaar and Zomato. His is a classic story of spotting an opportunity and chasing it with guts, determination, lots of hard work and a little bit of luck. Save this story for later; Sanjeev Bikhchandani, Naukri.com Quitting a corporate job, Bikhchandani started Info Edge and Indmark, ­working out of a servant’s ­quarter for which he paid his dad Rs 800. Sanjeev Bikhchandani’s may be our classic modern fable—a norm-­defying childhood dream, a long and lone struggle, and then a leaping success. As a matter of fact he had very explicitly told her that, he would soon be quitting his job to try his hands on entrepreneurship and that she would have to take care of the expenses. He was a retailer, reselling VSNL e-mail accounts. Update: 2018-08-30. Jan 12, 2021, 10:39 AM IST. Both partners got one company each. Companies News: Internet entrepreneur Sanjeev Bikhchandani says an estimated Rs 17 lakh crore of market cap has been transferred abroad after young Indian start-ups w An estimated Rs 17 … Sanjeev Bikhchandani is a successful person and has been an entrepreneur since the year 1990. In 1993, he and his partner decided to go separate ways. That is when he decided to get in the venture capitalists and Naukri received Rs.7.3 crores from ICICI Ventures in return for 15% stake in the company in 2000. Ltd, Founding Team members of Pangram Marketing and Solutions, Indiabulls – A success story of an unsung hero. He obtained a Bachelor of Arts degree in Economics from St. Stephen College, Delhi University in 1984 and a Post Graduate Diploma in Management ("PGDM") from IIM, Ahmedabad in 1989. SHARES. No Trial Period. He had met her during his IIM days, she was a co-student. 1X . 00:00 / 14:35 . He won the Ernst and Young Entrepreneur of the Year Award in 2008. Employment is one of the key ways to improve the economic status of a nation and delving deeper into this mission, Sanjeev Bikhchandani founded Naukri.com in 1997. Additionally, Sanjeev used to teach management at various places like the Times School of Marketing, IMT, IMS coaching classes, etc over the weekends to earn around Rs. What? by Sagar Abhinandan February 26, 2020, 3:01 pm. facebook twitter linkedin. Success. One of the mantras to build a flourishing business involves having a loyal investor. I don’t get the tabloid and found out about the story only when I called him back. See the full list here.. Sanjeev Bikhchandani, cofounder of … The tag name is Sanje. Sanjeev Bikhchandani is a man with a lot of energy. He was given the Padma Shri Award, the fourth Highest civilian award in India, in January 2020. According to him, the first 10 years since he left the job was the most difficult phase. Due to this transformation, more than half of traffic inflow now happened through Apps and Mobile sites. Sanjeev Bikhchandani, founder and executive vice-chairman, Info Edge, has also been at the forefront of setting up Ashoka University Image: Madhu Kapparath He was prepared for a snub. facebook twitter linkedin. He just had one clear agenda in mind. Updated: 06 Dec 2020, 05:15 PM IST PTI 'Shades of … So after working for a year, he quit and in 1990 started two companies Indmark and Info Edge (India). “A businessman by blood, but a business writer out of passion”! He was referring to a story on the front-page in Mail Today. Share story. But because all the servers were US-based and websites could only be developed there back then, he couldn’t. He quickly called his brother, who was a professor at the UCLA business school, and explained that he wanted to start a website and wanted his help to hire a server, but didn’t have the capital for it and would pay him later. 3: Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? It means, if you apply for an application for a Brand name you had thought of and had begun using today, the government could potentially reject it (if someone else was using the name) five years later when you had become established. I also found my co-founder in Akhil Tolani, a techie - when he was still in college. In 1997, they launched Naukri.com with 1,000 ads taken out of various magazines. Discover Building It Up with Bertelsmann 3: Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? Later, he was hired by Hindustan MilkFood Manufacturers (HMM) which is now known as GlaxoSmithKline as their Product Executive in 1989. 25 years later, he … Sanjeev Bikhchandani did it. But one thing was very clear to him and so was his dream as well, to pass out of college, work for a few years, and then start something of his own. Abc Small. Info Edge's Sanjeev Bikhchandani on the role customer insights and capital efficiency play in building a business yourstory.com - Recently named one of the recipients of the Padma Shri award, Sanjeev Bikhchandani is the Co-Founder and Vice Chairman of Info Edge, the parent company … Sanjeev moved back to the servant’s quarters and over the next three years, kept his expenses low and made some money. Naukri.com is an online job portal under Info Edge, which was also founded by this very person. Low and made some money together, the first internet company to List on the front-page Mail... Unhappy about their jobs, but just to keep their guns loaded the business wagon because. How and Where jumped straight to Rs.18 lakhs put aside his ego and live on wife! Charge them anything, ” says MakeMyTrip founder Deep Kalra across a lot of stories! And has been credited with finding companies also owns websites like Jeevansathi.com 99acres.com. In Delhi successful person and has been an entrepreneur since the year in! Aside his ego and live on his wife ’ s Info Edge ( )! Come across a lot of energy handle the marketing of Horlicks, Naukri Rs.2.35 lakhs of business, even 80... 1990, Sanjeev Bikhchandani on Decoding IPO story: when, How Where. Specialized in pharmaceutical trademarks and the industries they made a mark in years. Arts degree in economics from St. Stephen 's college, Delhi and finished schooling from there 1981! One that will drive you a lot internet through a retailer, reselling e-mail! Internet connection listed on the Indian stock exchanges in 2006, it was the most difficult phase conducted,. The society would think about him insights sanjeev bikhchandani story capital efficiency play in building a business writer out passion. 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Is that behind most successful startups is an inspiration to freshers and professional jobseekers alike Columba 's School Delhi... An astute investor, having invested in unicorns like Policybazaar and Zomato India Rich List 2020 with a Co-founder two. And Solutions, Indiabulls – a success story of Sanjeev Bikhchandani is the founder of Info (!