ASHNEER GROVER

Founder of BharatPe and

12% club
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Ashneer Grover
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.

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Ashneer Grover
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.

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 About BharatPe
• BharatPe is an Indian fintech company
that sells digital payment and
financial services to small merchants
and Grocery stores.

• Grover gained attention in the Indian

startup ecosystem for his role in growing
BharatPe into a significant player in the
fintech space.

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 About
• 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'.

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• BharatPe was founded in 2018 by

Ashneer Grover and Shashvat Nakrani,
with the vision of making financial
inclusion a reality for Indian
merchants.
• In 2021, the company acquired
Payback India, a "multi-brand loyalty
programme“
• In February 2024, BharatPe, received a
notice from the Ministry of Corporate
Affairs (MCA) under Section 206 of the
Companies Act.

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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.

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Thank You.