Any successful business must have a strong focus and a consistent work ethic. Indian businessman Sanjeev Bikhchandani founded Naukri.com, the country’s largest online job marketplace. This IIM graduate’s remarkable and immensely inspiring tale of success in building a Rs 59,000 crore company is captivating.
Sanjeev Bikhchandani: who is he?
Sanjeev Bikhchandani, a middle-class man and the son of a doctor, earned a Bachelor of Arts degree with a focus in Economics from St Stephen’s College in Delhi. In 1984, he started working as an accounts executive at Lintas after receiving his degree.
He worked there for three years. In 1987, he left his job and relocated to Ahmedabad to finish his PGDM. 1989 saw his MBA graduation from IIM Ahmedabad. After earning his MBA, he worked at GlaxoSmithKline as a product executive. He left that position after a year to concentrate on his business idea.
At the time, he started his business out of a small room, with his wife Surabhi in charge of the household. The first company dealt with pharmaceutical trademarks, and the second produced salary reports and surveys. In 1993, he decided to break up with his partner. Sanjeev founded Info Edge in 1995.
As Sanjeev has said before, he considers it a blessing that Surabhi had a job at the time and was well-paid. Because Sanjeev worked for years with almost no income, occasionally taking on two side jobs and teaching to supplement his income, the family was able to weather hard times thanks to her pay.
For over six years, the bulk of his professional career was spent working for no pay. Although the wife’s income was crucial in the beginning, Bikhchandani’s career took a significant turn in 1997 when he founded the well-known job site Naukri.com.
Sanjeev’s brother paid to have it started on a US server because he didn’t have enough money. Ten years later, the business finally gained significant traction and was listed as India’s first dot com company.
The amount of Sanjeev Bikhchandani’s wealth
The market value of Info Edge India is currently estimated to be around Rs 59,369 crore. Sanjeev Bikhchandani is estimated to have a staggering net worth of $2.3 billion (more than Rs 19,000 crore) by Forbes. According to Kotak Private Banking Hurun’s Leading Wealthy Women list, Surabhi Bikhchandanai’s estimated net worth is Rs 920 crore.
The business of Bikhchandani also owns other well-known websites, such as jeevasathi.com, 99acres.com, and shiksha.com. It has stock in businesses like Zomato and PolicyBazaar. Furthermore, Sanjeev Bikhchandani was a founding member of Ashoka University, one of the top liberal arts colleges in the country.