Skip to main content
C
CorpDigest
Search

Navi Technologies

Fintech / Digital LendingFounded 2018
Reviewed by Swet Parvadiya
Company data updated: October 2026

Founders

Who Founded Navi Technologies?

Sachin Bansal, Ankit Agarwal · Founded 2018 · HQ today: Bengaluru, Karnataka, India

Who founded Navi Technologies?

Navi Technologies was founded by Sachin Bansal, Ankit Agarwal in 2018. It is now led by Sachin Bansal.

Founders
Sachin Bansal, Ankit Agarwal
Founded
2018
Headquarters
Bengaluru, Karnataka, India
Number of founders
2
Current CEO
Sachin Bansal (since 2018)
Where was Navi Technologies founded?
Navi Technologies was founded in Bengaluru, India in 2018.
When was Navi Technologies founded?
Navi Technologies was founded in 2018.
Who started Navi Technologies?
Navi Technologies was founded by Sachin Bansal and Ankit Agarwal.
How old is Navi Technologies?
Navi Technologies is 8 years old as of 2026.

Founding Story

Sachin Bansal left Flipkart when Walmart acquired it in 2018. In December that year he and his IIT Delhi classmate Ankit Agarwal set up BAC Acquisitions in Bengaluru. Instead of waiting for new licences, they bought existing regulated companies and relaunched them under the Navi brand as a single mobile app for loans, insurance and investments.

What each Navi Technologies founder did

FounderRole at foundingContributionSource
Sachin BansalCo-founder & Executive Chairman—en.wikipedia.org
Ankit AgarwalCo-founder & CFO——

Sachin Bansal

Co-founder 2018

Background

Billionaire tech entrepreneur and Flipkart co-founder.

Role at Navi Technologies

Sachin Bansal founded Navi in 2018. After orchestrating the massive $16 billion sale of Flipkart to Walmart (and subsequently being ousted from the company), he took his massive billion-dollar personal payout and aggressively pivoted into fintech. He founded Navi with the explicit goal of completely disrupting the highly rigid, deeply bureaucratic Indian banking sector by offering instant, app-based loans.

Sachin Bansal was born in 1981 in Chandigarh. Education: Indian Institute of Technology Delhi; St. Anne's Convent School.

Bansal was born on August 5, 1981. He co-founded Flipkart in 2007 with Binny Bansal, to whom he is not related, and served as its chief executive and chairman during more than 11 years there. He left in 2018 after selling his 5.5 percent stake to Walmart.

Ankit Agarwal

Co-founder 2018

Background

Former banker and tech executive.

Role at Navi Technologies

Ankit Agarwal co-founded Navi in 2018 alongside Sachin Bansal. Bringing absolutely critical traditional banking expertise, he helped navigate the incredibly complex, highly regulated process of acquiring microfinance and mutual fund licenses from the Reserve Bank of India, forming the legal foundation of the company. (Exact birth year remains publicly undisclosed).

Navi Technologies: CEO & Leadership History

Full timeline →

Sachin Bansal

Founder & Executive Chairman

2018 – Present

Steered Navi from a private holding company to an enterprise managing over 10,000 crore in loan AUM with FY23 consolidated revenue exceeding 2,040 crore (). His personal capitalization insulated Navi from venture capital down-rounds and allowed the company to pioneer zero-commission, low-cost index investing across India.

Ankit Agarwal

Co-Founder & CFO

2018 – Present

Managed the complex regulatory structuring and risk underwriting algorithms necessary to deploy mass-market digital loans across India.

Keep researching Navi Technologies

Who Founded Navi Technologies? FAQ

When and under what name was Navi Technologies originally founded?

Navi Technologies was incorporated in December 2018 under the initial name 'BAC Acquisitions Private Limited' by Sachin Bansal and Ankit Agarwal, before being renamed Navi Technologies Private Limited in 2019.

What was Sachin Bansal's role in pioneering Indian e-commerce before founding Navi?

Sachin Bansal co-founded Flipkart from a two-bedroom apartment in Bengaluru in 2007, pioneering online book sales, Cash on Delivery (CoD), Big Billion Days, and building the foundation of modern Indian digital consumer commerce.

How did Sachin Bansal and Ankit Agarwal meet and decide to partner?

Sachin Bansal and Ankit Agarwal were classmates at the Indian Institute of Technology (IIT) Delhi (Class of 2005), combining Bansal's product and consumer tech expertise with Agarwal's deep institutional investment banking background.

What was the founding vision and mission of Navi Technologies?

The founding mission was to make financial services simple, transparent, and universally accessible to hundreds of millions of Indians through a fully digital, mobile-first ecosystem powered by artificial intelligence and automated engineering.

How did the founders use strategic acquisitions to fast-track regulatory licenses?

Rather than waiting years for new greenfield licenses, the founders acquired existing regulated entities: Chaitanya Rural Intermediation Development Services (NBFC/MFI), DHFL General Insurance, and Essel Mutual Fund, rapidly securing NBFC, insurance, and AMC capabilities.

What early challenges did the founders face in scaling digital lending in India?

Early challenges included handling the COVID-19 pandemic moratoriums, managing macroeconomic credit cycles, integrating legacy acquired IT systems into a modern cloud stack, and adapting to rapidly evolving RBI digital lending regulations.

How did the founders cultivate an engineering-driven culture at Navi?

Bansal and Agarwal built an engineering culture modeled after Silicon Valley tech startups, emphasizing flat hierarchies, algorithmic problem-solving, rapid A/B testing, and data-driven decision-making across all financial operations.

What is the long-term vision of Navi's founders for Indian financial inclusion?

The founders envision building India's most ubiquitous, trusted digital financial institution, expanding beyond Tier 1 metros into Tier 2, 3, and 4 towns to provide affordable credit, micro-insurance, and wealth creation to emerging Bharat.

Who is Ankit Agarwal and what role did he play in founding Navi?

Ankit Agarwal is the co-founder and Chief Financial Officer of Navi Technologies. An IIT Delhi graduate and former investment banker at Deutsche Bank and Bank of America Merrill Lynch, Agarwal structured Navi's corporate acquisitions (Chaitanya NBFC and Essel Mutual Fund) and designed its capital markets and regulatory compliance frameworks.

Related Founder Profiles

Compare founding stories, origins, and entrepreneurial journeys

Competitor

Phonepe

View Founder Profiles
Competitor

Paytm

View Founder Profiles
Competitor

Zerodha

View Founder Profiles
Competitor

Hdfc Bank

View Founder Profiles

Explore Navi Technologies

Core profile pages, founders and related research hubs for this company.

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.