He wasn’t sure! Sanjeev Bikhchandani is the founder and executive vice-chairman of Info Edge which owns Naukri.com.He was born on 29th June 1963 in Delhi, India to a non-business family. Garima Bora. 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). Sanjeev Bikhchandani did it. Luckily, during the same time, journalists in India had also begun to write about Internet and were looking for Indian examples to talk about. Updated: 06 Dec 2020, 05:15 PM IST PTI 'Shades of … It all began in 1990! In an environment where funding comes fairly easy, IPO remains the gold standard of recognition for a company coming of age. So following the plan, after completing his Bachelors of Arts with specialization in Economics, he joined Lintas as an Accounts Executive in 1984. In an environment where funding comes fairly easy, IPO remains the gold standard of recognition for a company coming of age. “Sanjeev’s story is inspirational,” says MakeMyTrip Founder Deep Kalra. All rights reserved. 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. 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. Abc Small. Share this on WhatsApp. His venture also includes other websites like Jeevansathi.com, 99acres.com, Brijj.com, Allcheckdeals.com, Naukrigulf.com, Shiksha.com, and Firstnaukri.com. 25 years later, he … [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. [6] The first company specialized in pharmaceutical trademarks and the second produced salary He had met her during his IIM days, she was a co-student. Due to this transformation, more than half of traffic inflow now happened through Apps and Mobile sites. 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 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. 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. Sanjeev moved back to the servant’s quarters and over the next three years, kept his expenses low and made some money. 1X . 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. 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 That is when he realised that people had no one source for job ads. He launched Naukri.com (currently Asia’s no. More importantly, he was cool with it too! They literally used to read the magazine back to front. Sanjeev Bikhchandani epitomises this. He is the founder of Info Edge which runs famous platforms like Naukri.com which is India's leading job portal website. His venture also includes other websites like Jeevansathi.com, 99acres.com, Brijj.com, Allcheckdeals.com, Naukrigulf.com, Shiksha.com, and Firstnaukri.com. This chapter describes about how the entrepreneur came up crossing many hurdles in life. 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. He brought in tech and passion, although he was earlier earning more (from other projects) than I could pay him,” she recounts fondly. We must have come across a lot of inspirational stories and the story of Sanjeev Bikhchandani is one that will drive you a lot. Heck. © 2014-2021 Yo! Info Edge also owns websites like Jeevansathi.com, … Bikhchandani came up from an economically “not-so-stable” family. Later, he was hired by Hindustan MilkFood Manufacturers (HMM) which is now known as GlaxoSmithKline as their Product Executive in 1989. Sanjeev Bikhchandani (Mint) Naukri.com founder says foreign funds colonising Indian start-ups 4 min read. Stream Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? Sanjeev Bikhchandani is the Founder and Executive Vice-Chairman of the HR services firm, Info Edge. Jan 12, 2021, 10:39 AM IST. 1 brand and India’s no. Sanjeev got Info Edge along with the database. He just had one clear agenda in mind. Their application was shortlisted from around 30 to 40 people and said that they would get back to them when they were ready for implementation, but to their hard luck, the project was cancelled. Since then there has been no looking back for them! You see, it is not easy for a man to put aside his ego and live on his wife’s salary. Sanjeev got Info Edge. 1X . 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. in centimeters- 178 cm in meters- 1.78 m in feet inches- 5’ 10” Weight (approx.) So they used to send in 20 college students to get out all information filed under pharmaceuticals in all 134 classes. In 2005, Naukri.com was reported as being India's largest web-based employment site.[9]. 00:00 / 14:35 . In the first year, Naukri Rs.2.35 lakhs of business, even when 80% of the jobs were free. They wanted someone who would own and maintain the databases, and would not charge them anything. One of the mantras to build a flourishing business involves having a loyal investor. 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. Shantanu Prakash did it. The site was very basic. “I was lucky to show my idea to Sanjeev Bikhchandani, founder of Naukri.com, who helps young entrepreneurs a lot, and get his feedback. There are people who do college and entrepreneurship side by side – Michael Dell’s story of how he founded and ran Dell from his college room is famous. I also found my co-founder in Akhil Tolani, a techie - when he was still in college. Clearly, he wanted independence from this monotonous life, and wanted to do something that was more meaningful, more satisfying, and it definitely had to be a business. YoSuccess covers startup success stories & entrepreneur interviews to help emerging business persons share their story with world & inspire others like them 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 … 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). 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. 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. 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. Success is an initiative to build a community of Entrepreneurs, Startups & Industry Stalwarts to celebrate success & to learn from shortfalls. 'Stay Hungry, Stay Foolish' is the story of 25 such IIM Ahmedabad graduates who chose the rough road of entrepreneurship. Abc Medium. News. The government used to take 5 years to approve or reject a trademark application back then. They used to prepare a standard report and sell it to around 100-200 companies for Rs.5,000. 7 mins read. Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? But one thing was certain, that he wanted to get onto the Business wagon. What? Sanjeev Bikhchandani is a successful person and has been an entrepreneur since the year 1990. By Stuti Agarwal ON Sanjeev Bikhchandani. Later, they put all this data on a computer, wrote a software to search the info and then used to call pharmaceutical companies (5,000 of them), and give a printed search report for just Rs. Sanjeev Bikhchandani Wiki Sanjeev Bikhchandani Image. During his days at HMM, Sanjeev had noticed that his colleagues (and companies too) used to regularly flip through Business India, a leading business magazine of that time, to check out the 35 to 40 pages of appointment ads that the magazine displayed. Share Tweet. Chapter Introduction. 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. Naukri.com is an online job portal under Info Edge, which was also founded by this very person. Update: 2018-08-30. In 1993, he and his partner decided to go separate ways. 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. The fact that, 14,000 (just) people were using internet that time, gave him a brilliant idea. surveys and reports. Founder and executive vice chairman of Nasdaq-listed Info Edge India Ltd Sanjeev Bikhchandani became an entrepreneur in 1996. Where? This is when the VCs began calling Sanjeev, but Bikhchandani turned all of them down. This story is about Sanjeev Bikhchandani, an IIMA graduate. But because all the servers were US-based and websites could only be developed there back then, he couldn’t. [4][5], He attended St. Columba's School, Delhi and finished schooling from there in 1981. Sanjeev Bikhchandani : The Man who Gave Hope to New India with Naukri.com. business Sanjeev Bikhchandani on what startups expect from Budget 2021 For his Budget 2021 Wishlist, Sanjeev Bikhchandani, Co-Founder, Info … So what’s holding back Indian … Unlike rediff.com, Khoj and Samachar who were targeting Indians in the US; they were the first site that was targeting Indians in India. 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. 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. See the full list here.. Sanjeev Bikhchandani, cofounder of … 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. The salary surveys which they were still doing helped them bare the expenses. 1 brand and India’s no. He strides into my office for the interview, makes himself comfortable and spends the first 40 minutes giving gyaan on how I should run my business. They are diverse in age, in outlook and the industries they made a mark in. Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? It was a database of resume, jobs and recruitment consultants. 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). [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. Share This Article . 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. This story is part of Forbes' coverage of India’s Richest 2020. Ltd, Founding Team members of Pangram Marketing and Solutions, Indiabulls – A success story of an unsung hero. Internet had now begun to come to India. In 1990, Sanjeev along with a Co-founder started two companies; Indmark and Info Edge. He obtained a Bachelor of Arts degree in Economics from St. Stephen College, Delhi University in 1984 and a Post Graduate Diploma in … In their initial days, they used to operate from the servant’s quarters at home and used to pay his father Rs.800 as monthly rent. His father was a government doctor and, his mother was a housewife. Hence, he asked the retailer, if he could setup a website for him or how to go about it. He launched Naukri.com (currently Asia’s no. Info Edge's Sanjeev Bikhchandani on the role customer insights and capital efficiency play in building a business . According to him, the first 10 years since he left the job was the most difficult phase. See the full list here.. Sanjeev Bikhchandani, cofounder of … He attended St. Columba's School, Delhi and finished schooling from there in 1981. But what makes Bikhchandani’s story so interesting is that he is not your typical entrepreneur who had oodles of funding from the outset. And that’s what he did. Together, the team began combing 29 newspapers to build it up the database. I don’t get the tabloid and found out about the story only when I called him back. After Criticism Of Foreign Investors, Sanjeev Bikhchandani’s Info Edge Fund Expands Corpus To INR 750 Cr . “A businessman by blood, but a business writer out of passion”! 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. As a 12-year-old, when most boys dream of fighter jets or gladiatorial sport, Bikhchandani dreamt of ­becoming an ent­re­preneur. 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. 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. But he knew what it would take to become an entrepreneur. by Building It Up with Bertelsmann from desktop or your mobile device 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. 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. Both partners got one company each. 1 job portal) about 20 years back from a humble servant’s quarter at his father’s house in Delhi. And at Indmark, they used to perform trade mark searches. Discover Building It Up with Bertelsmann 3: Sanjeev Bikhchandani on Decoding IPO story: When, How and Where? 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 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. Sanjeev Bikhchandani. He also took up a job as a Consulting Editor of The Pioneer’s career supplement called Avenues, and ran their careers supplements for the next four years. Sanjeev Bikhchandani’ s story is an inspiration to freshers and professional jobseekers alike. In an environment where funding comes fairly easy, IPO remains the gold standard of recognition for a company coming of age. Description. Building up in the websites business, Infoedge later launched other classified sites like 99acres in real estate, Jeevansathi in matrimony and Shiksha in education. 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. He further browsed the internet, showed and also explained its functioning; a lot of information. Later in 1993, Sanjeev and his partner decide to part ways, and each partner kept one company, half the employees and assets. He was a retailer, reselling VSNL e-mail accounts. 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. 8.4 crores. Sunday, 03 Jan, 5.38 am. In 1991, The Department of Telecom had announced that it was looking for private information providers to launch a video text service. Even after being a Sindhi, he had absolutely no relation to business or businessmen. 350. 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. 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. Sanjeev Bikchandani Sanjeev Bikhchandani is the Founder and Executive Vice-Chairman of the HR services firm, Info Edge. He is also an astute investor, having invested in unicorns like Policybazaar and Zomato. by Sagar Abhinandan February 26, 2020, 3:01 pm. Naukri.com founder Sanjeev Bikhchandani says foreign funds are colonising Indian start-ups Bikhchandani called foreign funds the new East India Company, that … 830. And she was fine with it. 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. 00:00 / 14:35 . Not because they were unhappy about their jobs, but just to keep their guns loaded. He was referring to a story on the front-page in Mail Today. Sanjeev Bikhchandani (Mint) Naukri.com founder says foreign funds colonising Indian start-ups 4 min read. He was given the Padma Shri Award, the fourth Highest civilian award in India, in January 2020. 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