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Last edited February 25, 2026
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{{Short description|Indian businessman}}
{{Use dmy dates|date=May 2022}}
{{Use Indian English|date=May 2022}}
{{Infobox person
{{Infobox person
| name              = Sanjay Agarwal
| name              = Sanjay Agarwal
| image              = Mr Sanjay Agarwal.jpg
| image              = Mr. Sanjay Agarwal, MD & CEO, AU Small Finance Bank.jpg
| image_upright      =  
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| caption            = Sanjay Agarwal
| caption            = Agarwal in July 2023
| native_name        =  
| native_name        =  
| native_name_lang  =  
| native_name_lang  =  
| pronunciation      =  
| pronunciation      =  
| birth_name        = <!-- only use if different from name -->
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| birth_date        = <!-- {{Birth date and age|YYYY|MM|DD}} for living people supply only the year with {{Birth year and age|YYYY}} unless the exact date is already widely published, as per [[WP:DOB]]. For people who have died, use {{Birth date|YYYY|MM|DD}}. -->
| birth_date        = <!-- {{Birth date and age|df=yes|YYYY|MM|DD}} for living people supply only the year with {{Birth year and age|YYYY}} unless the exact date is already widely published, as per [[WP:DOB]]. For people who have died, use {{Birth date|df=yes|YYYY|MM|DD}}. -->
| birth_place        =  
| birth_place        =  
| residence          =
| nationality        = Indian
| other_names        =  
| other_names        =  
| citizenship        =  
| citizenship        =  
| education          =  
| education          = Chartered Accountant
| alma_mater        = [[Government College, Ajmer]]<br>[[Institute of Chartered Accountants of India]]
| alma_mater        = [[Government College, Ajmer]]<br />[[Institute of Chartered Accountants of India]]
| occupation        = MD&CEO of [[AU Small Finance Bank]]
| occupation        = MD & CEO of [[AU Small Finance Bank]]
| years_active      =  
| years_active      =  
| era                =  
| era                =  
| employer          =  
| employer          =  
| organization      =  
| organization      =  
| net worth          = $1.5 billion<ref>{{cite web|url=http://www.hurun.net/EN/HuList/Index?num=MlQM6GjaQTKr|title=Hurun Report|accessdate=2020-11-27}}</ref>
| agent              = <!-- Discouraged in most cases, specifically when promotional, and requiring a reliable source -->
| agent              = <!-- Discouraged in most cases, specifically when promotional, and requiring a reliable source -->
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| style              =
| home_town          =
| salary            =
| boards            =  
| boards            =  
| spouse            = Jyoti Agarwal
| spouse            =  
| partner            = <!-- (unmarried long-term partner) -->
| partner            = <!-- (unmarried long-term partner) -->
| children          = 2
| children          = 2
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| website            = <!-- {{URL|example.com}} -->
| website            = <!-- {{URL|example.com}} -->
}}
}}
'''Sanjay Agarwal''' is an Indian businessperson and founder of [[AU Small Finance Bank]], where he is currently serving as the Managing Director & CEO.<ref name=forbes>{{cite news |last1=Srivastava |first1=Samar |title=AU Financiers: Making it Easy to Buy Second-Hand Commercial Vehicles |url=http://www.forbesindia.com/article/hidden-gems/au-financiers-making-it-easy-to-buy-secondhand-commercial-vehicles/36027/1 |work=[[Forbes India]] |date=September 4, 2013}}</ref><ref>{{cite news |last1=Ray |first1=Atmadip |last2=Sinha |first2=Shilpy |title=Small finance banks: Who will be the lucky ones as firms like AU Financier and FINO await licenses |url=https://economictimes.indiatimes.com/industry/banking/finance/banking/small-finance-banks-who-will-be-the-lucky-ones-as-firms-like-au-financier-and-fino-await-licenses/articleshow/47090378.cms?from=mdr |publisher=[[The Economic Times]] |date=April 29, 2015}}</ref> He was named [[Ernst & Young Entrepreneur of the Year]]<ref>{{Cite news|title=Siddhartha Lal wins the EY Entrepreneur Of the Year for 2018|work=The Economic Times|url=https://economictimes.indiatimes.com/small-biz/entrepreneurship/siddhartha-lal-wins-the-ey-entrepreneur-of-the-year-for-2018/articleshow/67965219.cms?from=mdr|access-date=2021-03-04}}</ref> Award 2018 in financial services.<ref>{{Citation|title=EOY India 2018 'Financial Services' Category Winner - Sanjay Agarwal|url=https://www.youtube.com/watch?v=2TkRR-SYhVQ|language=en|access-date=2021-03-04}}</ref>  
'''Sanjay Agarwal''' is an Indian businessperson and the founder of [[AU Small Finance Bank]], where he has served as the managing director and CEO since April 2017.<ref name=forbes>{{cite news |last1=Srivastava |first1=Samar |title=AU Financiers: Making it Easy to Buy Second-Hand Commercial Vehicles |url=http://www.forbesindia.com/article/hidden-gems/au-financiers-making-it-easy-to-buy-secondhand-commercial-vehicles/36027/1 |work=[[Forbes India]] |date=4 September 2013}}</ref><ref>{{cite news |last1=Ray |first1=Atmadip |last2=Sinha |first2=Shilpy |title=Small finance banks: Who will be the lucky ones as firms like AU Financier and FINO await licenses |url=https://economictimes.indiatimes.com/industry/banking/finance/banking/small-finance-banks-who-will-be-the-lucky-ones-as-firms-like-au-financier-and-fino-await-licenses/articleshow/47090378.cms?from=mdr |publisher=[[The Economic Times]] |date=29 April 2015}}</ref> He was named [[Ernst & Young Entrepreneur of the Year]]<ref>{{Cite news|title=Siddhartha Lal wins the EY Entrepreneur Of the Year for 2018|work=The Economic Times|url=https://economictimes.indiatimes.com/small-biz/entrepreneurship/siddhartha-lal-wins-the-ey-entrepreneur-of-the-year-for-2018/articleshow/67965219.cms?from=mdr|access-date=2021-03-04}}</ref> Award 2018 in financial services.<ref>{{Citation|title=EOY India 2018 'Financial Services' Category Winner - Sanjay Agarwal| date=14 February 2019 |url=https://www.youtube.com/watch?v=2TkRR-SYhVQ|language=en|access-date=2021-03-04}}</ref>
 
== Education ==
== Education ==
He has a bachelor's degree in commerce from the [[Government College, Ajmer]].<ref name=Reuters/> He is a [[chartered accountant]] from the [[Institute of Chartered Accountants of India]].<ref name=forbes/>
He has a bachelor's degree in commerce from the [[Government College, Ajmer]].<ref name=Reuters/> In 1995, he cleared the [[chartered accountant]] exam from the [[Institute of Chartered Accountants of India]].<ref name=forbes/>
 
== Career ==
== Career ==
After clearing [[Chartered accountant|CA]] in 1995, Sanjay started his own venture in [[Jaipur]]. Realizing the lack of institutions to cater to the financial needs of people in rural and semi-urban [[Rajasthan]], he decided to start a financing firm, the erstwhile [[AU Small Finance Bank|Au Financiers]] in 1996.<ref name=Frontiers>{{cite news |author1=Mohan |title=AU Small Finance Bank to leverage its NBFC basics |url=https://www.pressreader.com/india/banking-frontiers/20170725/281526521124652 |publisher=[[Banking Frontiers]] |date=July 25, 2017}}</ref>
In 1996, Agarwal started [[AU Small Finance Bank|Au Financiers]], a financing firm in [[Jaipur]] to cater to rural and semi-urban [[Rajasthan]],<ref name=Frontiers>{{cite news |author1=Mohan |title=AU Small Finance Bank to leverage its NBFC basics |url=https://www.pressreader.com/india/banking-frontiers/20170725/281526521124652 |publisher=[[Banking Frontiers]] |date=25 July 2017}}</ref> with the help of a few [[high-net-worth individual]]s (HNIs) in Jaipur.<ref name=forbes/><ref name=Frontiers/>


He started the business with the help of a few [[High-net-worth individual|High Net worth Individuals]] (HNIs) in [[Jaipur]]. For over 2 decades, [[AU Small Finance Bank|Au Financiers]] provided funding for income generating assets and partnered with customers.<ref name=forbes/><ref name=Frontiers/>
Agarwal was first appointed as managing director of [[AU Small Finance Bank|Au Financiers]] on 14 February 2008. In 2015, the [[Reserve Bank of India]] introduced the [[small finance bank]] (SFB) category in India to encourage financial inclusion. Of the 72 companies that applied for the SFB license, 10 received licenses, including AU Financiers.<ref>{{cite news |last1=Sharma |first1=Sahib |title=AU Financiers gets final licence from RBI to start small finance bank |url=https://www.livemint.com/Industry/lVb708XL5KuMeVwfDPGlUL/AU-Financiers-gets-final-licence-from-RBI-to-start-small-fin.html |publisher=[[Livemint]] |date=28 December 2016}}</ref> As the company turned into a small finance bank on 19 April 2017, he became the Managing Director & CEO of [[AU Small Finance Bank]].<ref name=Reuters>{{cite web |title=AU Small Finance Bank Ltd |url=https://www.reuters.com/finance/stocks/company-officers/AUFI.NS |website=[[Reuters.com]] |date=1 August 2019}}</ref>


In 2015, the [[Reserve Bank of India]] commenced the Small Finance Bank (SFB) category in India to encourage financial inclusion. Of the 72 companies that applied for the [[Small finance bank|SFB]] license, 10 received licenses. AU Bank was the only non-banking finance company to receive this license.<ref>{{cite news |last1=Sharma |first1=Sahib |title=AU Financiers gets final licence from RBI to start small finance bank |url=https://www.livemint.com/Industry/lVb708XL5KuMeVwfDPGlUL/AU-Financiers-gets-final-licence-from-RBI-to-start-small-fin.html |publisher=[[Livemint]] |date=December 28, 2016}}</ref>
In 2017, [[AU Small Finance Bank]] went public with an [[initial public offering]]. In May 2021, the bank had a valuation of about {{INRConvert|30000|c|0}} and Agarwal's net worth was about  {{INRConvert|11597|c|0}}.<ref>{{cite news |title=Prudence Pays |url=https://www.businesstoday.in/magazine/cover-story/prudence-pays/story/279509.html |publisher=[[Business Today (India)|Business Today]] |date=15 July 2018}}</ref>


Agarwal was first appointed as Managing Director of [[AU Small Finance Bank|Au Financiers]] on February 14, 2008. As the company transformed into a Small Finance Bank on April 19, 2017, he became the Managing Director & CEO of [[AU Small Finance Bank]].<ref name=Reuters>{{cite web |title=AU Small Finance Bank Ltd |url=https://www.reuters.com/finance/stocks/company-officers/AUFI.NS |website=[[Reuters.com]] |date=1 August 2019}}</ref>
== Awards and recognition ==
* [[Ernst & Young Entrepreneur of the Year]] Award 2018.<ref>{{cite news |title=एयू बैंक के एमडी संजय अग्रवाल को ईवाई एंटरप्रेन्योर ऑफ द ईयर अवार्ड |url=https://www.bhaskar.com/rajasthan/pali/news/rajasthan-news-ev-entrepreneur-of-the-year-award-by-sanjay-agarwal-md-of-au-bank-054622-3900746.html |publisher=[[Dainik Bhaskar]] |date=14 February 2019 |language=Hindi}}</ref>
* [[Business Leader of the Year]] Award, 2016 under financial category by [[Institute of Chartered Accountants of India]].<ref>{{cite news |title=संजय अग्रवाल को 'बिजनेस लीडर ऑफ द ईयर का मिला अवॉर्ड |url=https://www.patrika.com/jaipur-news/sanjay-agarwal-business-leader-of-the-year-2466608/ |publisher=[[Rajasthan Patrika]] |date=2 February 2017 |language=Hindi}}</ref>


In 2017, the [[Initial public offering|IPO]] of the [[AU Small Finance Bank|AU Bank]] was oversubscribed by more than 53 times. As of May 2021, the bank has a valuation of close to {{INRConvert|30000|c|0}}. Sanjay's market wealth is about  {{INRConvert|4000|c|0}}.<ref>{{cite news |title=Prudence Pays |url=https://www.businesstoday.in/magazine/cover-story/prudence-pays/story/279509.html |publisher=[[Business Today (India)|Business Today]] |date=July 15, 2018}}</ref>
== Awards & honour ==
* He received the [[Ernst & Young Entrepreneur of the Year]] Award 2018. The award was presented by [[Chief Minister of Maharashtra]], [[Devendra Fadnavis]] in February 2019.<ref>{{cite news |title=एयू बैंक के एमडी संजय अग्रवाल को ईवाई एंटरप्रेन्योर ऑफ द ईयर अवार्ड |url=https://www.bhaskar.com/rajasthan/pali/news/rajasthan-news-ev-entrepreneur-of-the-year-award-by-sanjay-agarwal-md-of-au-bank-054622-3900746.html |publisher=[[Dainik Bhaskar]] |date=February 14, 2019 |language=Hindi}}</ref>
* Agarwal was honored with the [[Business Leader of the Year]] Award, 2016 under financial category by [[Institute of Chartered Accountants of India]]. The award was given by [[K. Pandiarajan]], the Minister for School Education, Youth Affairs and Sports of [[Tamil Nadu]].<ref>{{cite news |title=संजय अग्रवाल को 'बिजनेस लीडर ऑफ द ईयर का मिला अवॉर्ड |url=https://www.patrika.com/jaipur-news/sanjay-agarwal-business-leader-of-the-year-2466608/ |publisher=[[Rajasthan Patrika]] |date=February 2, 2017 |language=Hindi}}</ref>
== See also ==
== See also ==
 
{{Portal |Biography|India}}
* [[AU Small Finance Bank]]
* [[List of Indian entrepreneurs]]
* [[List of Indian entrepreneurs]]
* [[List of people from Rajasthan]]
* [[List of people from Rajasthan]]
== References ==
== References ==
{{reflist|30em}}
{{reflist}}
 
== External links ==
== External links ==
* [https://www.marketscreener.com/business-leaders/Sanjay-K-Agarwal-09RJZ9-E/biography/ Sanjay Agarwal Profile]
* [https://www.marketscreener.com/business-leaders/Sanjay-K-Agarwal-09RJZ9-E/biography/ Sanjay Agarwal Profile]
* [https://www.dnaindia.com/business/interview-liquidity-crisis-helped-us-grow-deposits-biz-says-sanjay-agarwal-2698206 Sanjay Agarwal's Interview] at ''[[DNA India]]''
* [https://www.dnaindia.com/business/interview-liquidity-crisis-helped-us-grow-deposits-biz-says-sanjay-agarwal-2698206 Sanjay Agarwal's Interview] at ''[[DNA India]]''
{{DEFAULTSORT:Agarwal, Sanjay}}
{{DEFAULTSORT:Agarwal, Sanjay}}
[[Category:Living people]]
[[Category:Living people]]

Latest revision as of 02:11, 25 February 2026


Sanjay Agarwal
Agarwal in July 2023
EducationChartered Accountant
Alma materGovernment College, Ajmer
Institute of Chartered Accountants of India
OccupationMD & CEO of AU Small Finance Bank
Children2
AwardsErnst & Young Entrepreneur of the Year, 2018

Sanjay Agarwal is an Indian businessperson and the founder of AU Small Finance Bank, where he has served as the managing director and CEO since April 2017.[1][2] He was named Ernst & Young Entrepreneur of the Year[3] Award 2018 in financial services.[4]

Education[edit | edit source]

He has a bachelor's degree in commerce from the Government College, Ajmer.[5] In 1995, he cleared the chartered accountant exam from the Institute of Chartered Accountants of India.[1]

Career[edit | edit source]

In 1996, Agarwal started Au Financiers, a financing firm in Jaipur to cater to rural and semi-urban Rajasthan,[6] with the help of a few high-net-worth individuals (HNIs) in Jaipur.[1][6]

Agarwal was first appointed as managing director of Au Financiers on 14 February 2008. In 2015, the Reserve Bank of India introduced the small finance bank (SFB) category in India to encourage financial inclusion. Of the 72 companies that applied for the SFB license, 10 received licenses, including AU Financiers.[7] As the company turned into a small finance bank on 19 April 2017, he became the Managing Director & CEO of AU Small Finance Bank.[5]

In 2017, AU Small Finance Bank went public with an initial public offering. In May 2021, the bank had a valuation of about 30,000 crore (US$4 billion) and Agarwal's net worth was about 11,597 crore (US$2 billion).[8]

Awards and recognition[edit | edit source]

See also[edit | edit source]

References[edit | edit source]

  1. 1.0 1.1 1.2 Srivastava, Samar (4 September 2013). "AU Financiers: Making it Easy to Buy Second-Hand Commercial Vehicles". Forbes India.
  2. Ray, Atmadip; Sinha, Shilpy (29 April 2015). "Small finance banks: Who will be the lucky ones as firms like AU Financier and FINO await licenses". The Economic Times.
  3. "Siddhartha Lal wins the EY Entrepreneur Of the Year for 2018". The Economic Times. Retrieved 4 March 2021.
  4. EOY India 2018 'Financial Services' Category Winner - Sanjay Agarwal, 14 February 2019, retrieved 4 March 2021
  5. 5.0 5.1 "AU Small Finance Bank Ltd". Reuters.com. 1 August 2019.
  6. 6.0 6.1 Mohan (25 July 2017). "AU Small Finance Bank to leverage its NBFC basics". Banking Frontiers.
  7. Sharma, Sahib (28 December 2016). "AU Financiers gets final licence from RBI to start small finance bank". Livemint.
  8. "Prudence Pays". Business Today. 15 July 2018.
  9. "एयू बैंक के एमडी संजय अग्रवाल को ईवाई एंटरप्रेन्योर ऑफ द ईयर अवार्ड" (in Hindi). Dainik Bhaskar. 14 February 2019.{{cite news}}: CS1 maint: unrecognized language (link)
  10. "संजय अग्रवाल को 'बिजनेस लीडर ऑफ द ईयर का मिला अवॉर्ड" (in Hindi). Rajasthan Patrika. 2 February 2017.{{cite news}}: CS1 maint: unrecognized language (link)

External links[edit | edit source]