Narendra Bansal
Angel Investor
New Delhi, India
Narendra Bansal is a startup investor in New Delhi. A first-generation entrepreneur known for his irrefutable business acumen, Narendra Bansal is the founder and CMD of Intex Technologies (India) Ltd. Narendra Bansal identified the high growth potential of IT hardware in India way back in 1990’s at a time when the manufacturing of IT products was limited. Keeping India’s evolving market scenarioin mind, he incorporated Intex Technologies in 1996 with just one product Ethernet card. With his strong business acumen, high vision and persistency, Narendra Bansal successfully established a new brand ‘Intex’ in the market against a backdrop of stiff competition from various MNC brands that ruled the roost. Over the years, Narendra Bansal has built the company’s brand image with recognition of the immense potential in the mobile market, and his profound market insights have taken Intex Technologies to the stallion as a leading player in the handset and consumer durables market today. His visionary leadership, technology insights and operational expertise have changed the face of Intex as India’s grooviest youth-centric brand, strengthened its culture of innovation, pushed the company into newer markets, and extended the brand’s product portfolio and global reach. Under the auspices of Narendra Bansal’s strategic business decision-making, hands-on management style and participative approach to leadership, Intex clocked a turnover of more than Rs. 2000 Crore in FY 2013-14 – a phenomenal 100% growth over FY 12-13. The company’s mobile vertical alone has grown by more than 300 percent from the year before and is considered as a future growth driver. Narendra Bansal’s leadership was instrumental in getting Intex accolades and awards from various prominent forums in its capacity as a torchbearer of the IT industry. He is a chartered member of TiE (The Indus Entrepreneurs) and participates actively in various clubs including the Rotary Club. Narendra Bansal diligently practices yoga and meditation, which he believes are helpful in striking a judicious balance between business, family, friends, health and spirituality. He is also a humble initiator of several philanthropic and charitable endeavors.
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