Ajay Banga Biography, Net Worth/ Salary, Business Career & Family

Ajay Banga Biography, Net Worth/ Salary, Business Career & Family: Former CEO of MasterCard Ajay Banga was Born in Pune, Maharashtra State, India. Ajay Banga is nominated as the president of the World Bank by US Prime Minister Joe Biden. He will be the first Indian who will lead the World Bank. He is presently Leading “General Atlantic’ as Vice Chairman. Ajay Banga retired as CEO and president of Master Card in 2020. His family belongs to Jalandhar, Punjab. His father is a retired Army officer.

He is one of the famous business leaders who are the leader of a multinational company from India. He was born in a Punjabi Saini family in 1959. His father was an Army personnel that’s why he finished his education at different schools and colleges in different cities in India. After graduation, he completed his MBA from IIM Ahmedabad in 1980. He started his professional carrier with Nestle in 1980. Since then he never looks back and now will lead the World Bank. Below is a short Bio (Wiki) of Mr. Ajay Banga, about his Business Carrier, Salary, and Family details.


Ajay Banga Biography

Mr. Ajaypal Singh Banga, known as Ajay Banga was born to Harbhajan Singh Banga and Jaswant Banga in the Khadki cantonment area of Pune city in Maharashtra state in 1959. His family belongs to the Jalandhar city of Punjab state. He was born in Pune because his father was in Indian Army and was posted in Khadki cantonment as an Army Officer. His brother M.S. Banga (Manvinder “Vindi” Singh Banga) is a known businessman in India. He was the CEO of Hindustan Unilever.

Ajay Banga started his schooling at Sant Andrews School Shimla and finished schooling at Hyderabad Public School, Hyderabad. His father was an Army officer so he finished his schooling at different schools in India because of the posting of his father. After schooling, he graduated with BA (honors) degree in economics subject from St. Stephen College, Delhi University. After graduation, he completed his Master’s Degree (MBA) from IIM Ahmedabad. Here we brought brief Biography of Ajay Banga.

Ajay Banga Biography (Short Wiki)

After graduation, Ajay Banga started his career with Nestle in 1980. Later he joined PepsiCo heading the franchise division in India. He joined the Citi Group as the head of marketing. He never looked before in his career after starting as a management trainee with Nestle India and retiring as CEO of Master card.

Ajay Banga Bio/ Wiki – Brief Details

Article about Ajay Banga Biography
Full Name Mr. Ajay Pal Singh Banga
Father’s Name Harbhajan Singh Banga
Mother’s Name Jaswant Banga
Date of Birth 10th November 1959
Age 63 years
Birth Place Pune, Maharashtra
Native Place Jalandhar, Punjab
Brother M. S. Banga
Sister None
Education MBA from IIM Ahemadabad
Profession Business Management

Ajay Banga Business Career

As we told earlier that Ajay Banga started his professional career as a management trainee with Nestle India just after completing his MBA. in 1980. He worked 13 years with Nestle before he got the opportunity to join Pepsico and later the Citi Group India as Head of marketing. Later Citi Group promoted him to head of City Financials in 2001. That was his first international working assignment with Citi Group and he Moved to the US from India.

Ajay Banga Business Career Details:
Year (Time) Company Profile
1980- 1992 Nestle India Started as Management Trainee
1992- 1996 Pepsico India Head of India Franchise Division
1996- 2009 Citi Group Various Positions
2010- 2020 Master Card President & CEO
2022 to now General Atlantic Vice Chairman

He was promoted and moved to Hongkong as the head of all banking divisions including Credit cards of Asian overseas reason. After that moved to the US again from Hong Kong in 2009 and joined as the CEO of Master Card. Ajay Banga retired from the post of President and CEO of Master Card in 2020. He became president of the International Chamber of Commerce. He is currently also Vice Chairman of General Atlantic and now he is nominated as the President of the World Bank by US President Joe Biden.

Ajay Banga Family

Ajay Banga married Ritu Banga whom he dated while pursuing MBA. His wife Rutu Banga is a Co-founder of Zoomdojo a consultation firm. They have two daughters in their family elder, Aditi Banga is married and working with Instagram. She graduated from Harvard University. Younger, Jojo Banga also graduated from Harvard University. Ajay Banga lives in New York with his family.

Ajay Banga’s Net Worth/ Salary

He retired from his job on December 31, 2021, and working with General Atlantic. In 2020, his total salary was $27.77 million. He is also the chairman of Exor which is an investment holding company based in the Netherlands. Ajay Banga is also co-chairman of the public-private Partnership for Central America with Vice President Kamala Harris of the United States. As of now, nobody has clear information about the net worth of Mr. Ajay Banga. Some sources claim that his net worth is more than $250 Million.

Tags related to this article
Categories related to this article
General, Latest News

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top