Piyush Bansal once used to spend his expenses by working on reception, but today he is the owner of a company of thousands of crores. Not only this, his net worth has also reached hundreds of crores of rupees. His company Lenskart has taken approval from the Corporate Ministry to launch an IPO of Rs 2,150 crore. Soon the company will also get approval from the market regulator SEBI. Piyush Bansal says that by the time of bringing the IPO, the company’s market value can be $ 8 billion (about 70 thousand crores).
While graduating, Piyush also worked on reception to run his expenses. After completing his studies, he got a job in Microsoft and went to America. He joined Microsoft in January 2007 and filled his mind only after working almost a year. The career had just started that the urge to do his work in his mind woke up and returned to India in one stroke and returned to India.
Put all the capital in business
Piyush did not have much knowledge of business, but the spirit of doing something was not allowing him to move back. Also earned from his job, came to India and put a business from him. Piyush started an online portal called searchmycampus.com. This portal used to help students find homes, find coaching, find jobs, books and transportation. After running this portal for a few years, he started his largest company.
While running the online portal, Piyush came to know what is the choice of Indian customers and how to reach them. He in 2010 along with Sumit Kapathi and Amit Chaudhary in 2010 Valyoo Technologies Pvt. A company was formed by the name Limited, whose current name is Lenskart. Initially, this company used to sell only contact lenses, but gradually goggle and Chashme also started selling here.
How many stores in India
Lenskart has become a company of thousands of crores of rupees today. Its portfolio includes more than 5 thousand fresh frames and more than 46 high quality contact lenses. About 1,550 stores of lenscart have been opened across the country. His company started a franchise model, after which it has reached every corner of the country. Not only this, the company’s outlet is continuously opening in many countries.
How much part of Piyush in the company
Piyush Bansal in Lenskart is less than many companies and investors. Currently, the highest stake in it is Softbank, which has 20.1 percent shares. Premji Invest, who is at number two, has 11.1 percent, Kedara Capital has 9.5 percent shares, TR Capital holds 8.3 percent shares, while Piyush Bansal has 8.2 percent stake left. His wife Nimisha Bansal also has a share of 8.2 per cent. Apart from this, Unilezer has 6.6 per cent, International Finance Corporation has 5.4 per cent, Steed Drust 5.3 per cent, Abu Dhabi Investment Authority has 10 per cent, while other investors have a share of 16.2 per cent.
