In today’s article, we are going to talk about Intex founder Narendra Bansal, a few years ago, as can be seen in front of Birla Mandir, Delhi, clicking photos of people, but today with his hard work, dedication, and desire, he is the owner of India’s big tech company Intex. So let’s know the success story of Narendra Bansal who reached from floor to floor.
Success Story of Intex Founder Narendra Bansal
Narendra Bansal started Intex Technologies Company with his hard work, dedication, and burning desire, he started with Rs 20,000, but today this company has become Rs 6500 crore.
Story of birth and early life of Intex founder Narendra Bansali
Narendra Bansal was born in the year 1963 in a village in the Hanumangarh district of Rajasthan. His father Bhanwarlal Bansal was a businessman and his mother used to handle household chores. Apart from him, there were also 4 younger siblings. He was educated in a panchayat school in the village itself and after a few years, his family settled in Nepal where he completed his 10th standard at Vishwaniketan High School. After that in the year 1980, the whole family settled in Delhi from Nepal where his father started working as a grain trader and then he did his higher secondary education in Delhi itself.
Intex founder Narendra Bansali’s career
Narendra Bansal wanted to do something different from the beginning and with this thinking, he started the business of selling audio-video cassettes along with some of his friends and neighbors as there was a tremendous demand for these things at that time. From this business, he was comfortably taking care of himself and his studies. After some time, wanting to do something new, he started doing the mobile card chip business in the new market of Chandni Chowk, for which he used to give free home delivery and pickup service to his customers. While working, he started understanding the market and customers very well, so he took the help of newspapers to advertise his business, which also benefited him in business, but he closed it seeing no future in this business.
What to do now In this sequence, took a friend’s Polaroid camera and took pictures of people coming to Birla Mandir in Delhi and started selling them by sticking on the keys, but then stopped this work because in this also they have more possibilities in future.
After doing many such businesses, he completed his graduation in commerce stream from Swami Shraddhanand College, Delhi in the year 1986. After this, he saw that India now has IT. This sector began to develop, due to which the demand for computers and related accessories started increasing. He then started a business selling floppy disks and other computer accessories cheaply from Taiwan and Hong Kong at Nehru Palace, Asia’s largest market for computers and accessories, and then went to Taiwan to sell Ethernet cards cheaply. In which he started earning 100% profit.
Then came the year 1992, in which he along with his brothers took a rental place in Nehru Place and started the business of computer assembly and then in the year 1993 to increase this business, he established a company named International Impex. Eventually, his business started doing very well but his dream was to do something big.
Journey story from the inception of Intex Technologies till now
Narendra Bansal wanted to create his own brand like big companies like Sony, HCL, and HP for which he founded his own IT peripheral company Intex Technologies in the year 1996 with his brand-name product Ethernet card. Their products came directly from manufacturers and wholesalers in China and Korea, making them cheaper than other companies. What was then, in the very first year his company made a profit of 30 lakh rupees. Shortly after this, he also started the business of manufacturing and selling speakers, home theatres, DVD players, etc. through this company.
Then came the year 1997 when the Intex home theater system made by his company became very popular. After this, the company’s head office was made in Delhi itself and its branches and service centers were started in many cities of the country. After some time Intex Technologies also started selling keyboards, web cameras, etc. After that, in the year 2005, he opened the company’s manufacturing unit in India itself, which made most of the company’s electronic products.
Then came the year 2007, in which Narendra Bansal understood the trend of the growing mobile phone market in India and put all his attention into providing cheap mobiles of good quality and features to the general public as a result, the mobile people of Intex Technologies became popular among ordinary people.
So this was the story of Intex founder Narendra Bansal, Thanks for reading