Ajay Banga Biography
Ajay Banga is an Indian-American business executive at General Atlantic, he currently serves as Vice Chairman. After holding the position of president and chief executive officer (CEO) of Mastercard from July 2010 to December 31, 2020, he was elected executive chairman of the company. On December 31, 2021, he left this position to join General Atlantic.
Ajay Banga Age
He is 63 years old as of 2022. He was born on 10 November 1959 in Pune, India. He celebrates his birthday on 10 November.
Ajay Banga Family
Banga was born into a Sikh family in the Khadki cantonment of Pune, Bombay State, India—which is now in Maharashtra—where his father, an army officer, was stationed. His ancestors hail from Punjab’s Jalandhar. Harbhajan Singh Banga is the son of an Indian Army veteran and retired lieutenant general. He is M. S. Banga, a businessman’s younger brother.
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Ajay Banga Wife | Daughter
Banga is married to Ritu Banga. The couple has two children: Jojo Banga, and Aditi Banga.
Ajay Banga Education
Banga completed his education in Shimla after attending schools in Secunderabad, Jalandhar, Delhi, and Ahmedabad as he grew up. The Banga completed their primary education at the Hyderabad Public School in Begumpet. Banga went on to earn a Bachelor of Arts (Honors) in Economics from St. Stephen’s College, Delhi University, and a PGP in Management, which is equivalent to an MBA, from the Indian Institute of Management, Ahmedabad. Both of these degrees followed Banga’s graduation.
Ajay Banga Net Worth
Banga has an estimated net worth of $360 million.
Ajay Banga General Atlantic
In July 2021, Banga joined the BeyondNetZero advisory board of General Atlantic’s climate change fund. Banga took over as Vice Chairman at General Atlantic on January 1, 2022.
Ajay Banga Mastercard
Banga, previously the company’s chief operating officer (COO), was named president and chief executive officer (P&CEO) and a member of the board of directors in April 2010. Banga took over for Robert W. Selander, who had served as CEO since March 1997.
Ajay Banga Career
Banga began his career in business with Nestlé in 1981, and over the next 13 years, he held positions in sales, marketing, and general management. As India’s economy liberalized, he joined PepsiCo and helped launch its international fast-food franchises there. Banga has a strong interest in social development issues and was in charge of Citi’s global strategy for microfinance from 2005 to mid-2009. He succeeded Paul Polman as chairman of the International Chamber of Commerce (ICC) in 2020. Since June 2018, he has held the position of First Vice-Chair of the ICC.
On May 22, 2014, Banga delivered the keynote address at the NYU Stern 2014 Graduate Convocation, in which he discussed the significance of diversity in driving innovation and leadership. During the convocation of the Class of 2015, he was also the keynote speaker for his alma mater, the Indian Institute of Management Ahmedabad. Banga frequently participates as a speaker at FinTech and leadership conferences. On Thursday, November 6, 2014, he also appeared on Jim Cramer’s Mad Money show.
Banga was a member of the National Urban League’s board and vice chairman of the New York Hall of Science’s board of trustees. He was once a corporate sponsor of Citi’s African heritage network in New York City. In July 2021, Banga joined the BeyondNetZero advisory board of General Atlantic’s climate change fund. The Public authority of India granted Banga the non-military personnel distinction of the Padma Shri in 2016.
