Family & Early Life of Ashneer Grover
Ashneer Grover is an Indian entrepreneur. The Ex-Co-founder of BharatPe, Ashneer Grover has become a super popular name in India. He is the man who organized the unorganized sector of payments in India.
Ashneer Grover was born on June 14, 1982, in Delhi. Ashneer’s father, Ashok Grover, was a chartered accountant, who passed away on 28 March 2023. His mother, Neeru Grover, is a teacher. sister Ashima Grover. He completed his school education at Apeejay School, Delhi In an interview, he talked about how he got his name, Ashneer, and said that it was a combination of his parents’ names, Ashok (father) and Neeru (mother)
Education
- IIT DELHI B.Tech civil engineering (2000-2004)
- Institute national des science appliquees de lyon B.Tech. Civil Engineering (2002-2003)
Ashneer Grover’s wife’s name is Madhuri Grover. She is an entrepreneur. In BharatPe, she manages HR, finance, and other internal operations. Before joining BharatPe, she was an interior designer and worked with people like Satya Paul and Alok Industries. She also had her own furnishing business named Mauve and Brown. She also worked with South Indian actress Asin and her husband, Rahul Sharma. Madhuri Grover has also done the interior of her house in South Delhi.
When Ashneer started BharatPe, he could not afford many employees, he needed someone who could manage the internal operations of the organization, so Madhuri joined BhartPe. Ashneer and Madhuri have two children,
a son Avy Grover, who is 12 years old, and a daughter, Mannat Grover.
CAREER JOURNEY
Kotak Investment Banking
post: Vice President ( – 7 years 1 month
post: MD &Co-founder of Bharat pe (Aug 2021-march 2022) 8 months
CEO& Co-founder (–2 years 11 months
worked: Building the largest offline merchant network in India by making mobile payments acceptance free.
Resignation from BharatPe
On 1 March 2022, he quit BharatPe as managing director. Reportedly, he took this move soon after receiving an upcoming board meeting agenda in which the consideration of action against him was supposed to be included based on the report submitted by advisory firm PwC.
FIR in a fraud case (alleged fintech fraud of crore)
On 10 May 2023, a case was registered against Ashneer Grover, his wife, Madhuri Jain Grover, and family members Deepak Gupta, Suresh Jain, and Shwetank Jain by the Delhi Police’s Economic Offences Wing (EOW) after a complaint by BharatPe for an alleged Rs. 81 crore fraud in December 2022. They were booked under eight sections of serious cognizable criminal offenses, including 409 (criminal breach of trust by a public servant, banker, merchant, or agent), 420 (cheating and dishonestly inducing delivery of property), 467 (forgery of valuable security, will, etc.), and 120B (criminal conspiracy).