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Banga has a keen interest in social development issues, and over the period from 2005 to mid-2009, he spearheaded Citi's strategy in the microfinance sector across the world. Connecting decision makers to a … After he graduated from high school, Banga enrolled at St. Stephen's College, Delhi University, from where he received a Bachelor of Arts (Honours) degree in Economics. 2020 WikiNetworth.com and All Rights Reserved His elder brother, Manvinder Singh Banga, is also a businessman and a senior partner at the private equity fund Clayton Dubilier & Rice. He joined this company in 1981, spent 13 years fulfilling his responsibilities in various departments, including sales, marketing, and general management. After he received his MBA degree from the Indian Institute of Management, Ahmedabad, he began his professional career at Nestlé in 1981. [4], Banga is a regular speaker at various FinTech conferences and various leadership conferences. Here are 10 things that you may or may not have known about Ajaypal Singh Banga: 1. He is succeeded by two children – Jojo and Aditi Banga. His nationality and ethnicity is Indian. When it comes to his personal life, Ajay Banga is married to Ritu and they have two children. He also appeared on the Mad Money show hosted by Jim Cramer on Thursday, 6 Nov 2014[14], Banga, was the keynote speaker at the NYU Stern 2014 Graduate Convocation on May 22, 2014, where he spoke about the importance of diversity in driving innovation and leadership. Overall, Ajaypal's net worth is estimated to be $239 million. Ajaypal is happily married to wife Ritu Banga. He is also the co-chairman of American India Foundation, a member of Council on Foreign Relations, Inc., Peter G. Peterson Institute for International Economics, The Economic Club of New York, US India CEO Forum, Weill Cornell Medical College, and International Business Council at World Economic Forum. Later, she quit her job there in March 1994. In his free time, he enjoys playing golf and baseball, and listening music. Only in 2016, he was honored with highly regarded Indian civilian honor Padma Shri. During his tenure there, he also held various other positions in senior management in the United States, Asia Pacific, Europe, Middle East and Africa. Ajay Banga is Chairman at Mastercard Inc. See Ajay Banga's compensation, career history, education, & memberships. Ajaypal Banga started his business career in 1981 with Nestlé, where he spent the next 13 years of his life, holding various positions in different fields including sales, marketing, and general management. After that, he was enrolled at St. Stephen's College, Delhi University, from where he received his Bachelor’s degree in Economics. In recognition of his illustrious career, Banga has received several accolades, including the Indian civilian honour Padma Shri, which the Government of India conferred on him in 2016. https://newsroom.mastercard.com/photos/photo-ajay-banga-president-and-ceo-mastercard/, https://www.ndtv.com/indians-abroad/brack-obama-appoints-mastercard-ceo-ajay-banga-to-key-administration-post-1395439. [4][5][12], Beginning his business career with Nestlé in 1981, Banga spent the next 13 years working in jobs spanning sales, marketing, and general management. A month later, she joined founded Point of View, a strategic consulting firm, and worked there until March 1997. Another CEO: Stephen A. Schwarzman, CEO of the Blackstone Group: Net Worth, Wiki. Ajaypal is the one who has been able to represent his Indian nationality across the world via his beyond-belief mind-set. Ajaypal 's daughter, Aditi, who works on strategic partnerships in the New York office of Instagram, tied the knot with Jonathan Schwartz on 8th September 2019. In July 2010, he was appointed to his current position at MasterCard. [4], In February 2015, President Barack Obama appointed Banga to serve as a member of the President's Advisory Committee for Trade Policy and Negotiations. Banga went on to graduate with a Bachelor of Arts (Honours) degree in Economics from St. Stephen's College, Delhi University followed by PGP in Management (equivalent to MBA) from the Indian Institute of Management, Ahmedabad. As the CEO and the President of MasterCard Incorporated, Ajaypal makes an enormous earning up to $ 16.9 million per year. Ajaypal's wife, Ritu Banga, is a co-founder of Zoomdojoand is also the trustee of Marymount School of New York. Ajaypal Singh Banga is an Indian-American businessman, who created his identification as the CEO in the world’s largest multinational financial services company, MasterCard Incorporated. [2] He is the chief executive officer (CEO) of Mastercard. [6], Banga is the chairman of the U.S.-India Business Council (USIBC) representing more than 300 of the largest international companies investing in India, and chairman of the International Chamber of Commerce. In the last ten years, he sold only stock worth over $69,986,261. Having spent the next 13 years with the company, he later worked for PepsiCo and Citigroup. Ajaypal's wife, Ritu Banga, is a co-founder of Zoomdojo and is also the trustee of Marymount School of New York. Explore This As Well:Kristen McAtee Wiki: Age, Dating Life, Family, Net Worth. After her graduation from the Indian Institute of Management, Ahmedabad, she worked for a various organization as a Marketing, Sales & Brand Management in 1981. Ajaypal Banga was born in 1960 in Khadki, a small town near the city of Pune, Maharashtra in India in a Saini Sikh family. He is the younger brother of businessman M. S. Ajaypal was born as an Ajaypal Singh Banga in 1960 in Khadki, Pune, India. Ajaypal Banga is married to a woman named Ritu and has two daughters, Jojo and Aditi. After that, he also worked with PepsiCo and directed the company for launching its fast-food franchise in India during the 1990s. Following above you will read today success story of Mr. Ajaypal Singh Banga : An entirely India-educated financial analyst, Mr. Ajaypal Singh Banga, known as Ajay Banga is the current president and CEO of MasterCard Inc, the ubiquitous financial company. Ajaypal completed his primary education from one of the most prestigious schools in Begumpet, Hyderabad Public School. [2] He is the chief executive officer (CEO) of Mastercard. After this, he worked for PepsiCo for two years and led the company in launching its fast food franchises in India during the economic liberalisation of the country in the 1990s. [3] [4] Mastercard announced in April 2010 that Banga, previously its president and chief operating officer, would become president and chief executive officer, effective July 1, 2010, and a member of the board of directors, effective immediately. Banga’s family hails from Jalandhar in Punjab but he grew up in army bases all across India, attending schools in Secunderabad, Jalandhar, Delhi, Hyderabad and finally in Shimla, where he finished his high school education. He previously served as ICC’s First Vice-Chair since June 2018. In 2020 he was elected chairman of the International Chamber of Commerce succeeding Paul Polman. [8], The Government of India awarded him the civilian honour of the Padma Shri in 2016. © By using WikiNetworth.com you agree to our Terms of Use and Privacy Policy. His parents were Jaswant Kaur and Harbhajan Singh Banga, who was an officer with the Indian army and had risen to the rank of lieutenant general at the time of his retirement. Ajaypal "Ajay" Singh Banga (born 1960) is an Indian-American business executive. His family hailed from Jalandhar, Punjab, but they lived all across India as Ajaypal's father was an Army officer then. Banga is an active member of the U.S.-India CEO Forum and a chairperson of the board of directors of the American India Foundation and the Partnership for New York City. He also served as one of the members of President Obama’s Commission on Enhancing National Cybersecurity. His family is originally from Jalandhar, Punjab. Banga was vice chairman of the board of trustees of the New York Hall of Science and a board member of the National Urban League. To gain a Master's degree, he joined the Indian Institute of Management of Ahmedabad. [7] He is also a member of the board of directors of the Dow Chemical Company; member of the Council on Foreign Relations; and member of International Business Council of the World Economic Forum. He later attended the Indian Institute of Management, Ahmedabad, from where he earned an MBA degree. Prior to joining MasterCard, Banga was employed as the chief executive officer of Citigroup Asia Pacific. It is believed that he is 52 years of age currently and lives with his wife Ritu Banga. Since his promotion, Banga has had an enormous impact on Mastercard and beyond. [15] He also was a keynote speaker for his alma mater, the Indian Institute of Management, Ahmedabad, during the Class of 2015's convocation.[16]. In February 2015, then US President Barack Obama formally accepted him as a member of the President's Advisory Committee for Trade Policy and Negotiations. Here are 10 things that you may or may not have known about Ajaypal Singh Banga: 1. In 2009, he joined MasterCard Incorporated, and took over as the company’s president and CEO, effective from July 1, 2010, replacing the former CEO Robert W. Selander. Before joining MasterCard Incorporated, he also served for the Citigroup Asia Pacific as the CEO; during his period, he also grabbed various positions in the senior management in the United States, Asia Pacific, Europe, Middle East, and Africa. In August 2012, Ritu finally co-founded Zoomdojo, which provides solutions to y… Together, the couple has two daughters; Jojo Banga and Aditi Banga. Indian American business executive and CEO of Mastercard, Indian Institute of Management, Ahmedabad, Indians in the New York City metropolitan region, "Naming a New Chief, MasterCard Signals It Is Open to Changes", "MasterCard CEO discusses diversity, technology, unpredictable world and personal incidents", "These CEOs of Indian Origin will make you feel proud", "About Mastercard - Smart & Secure Payment Solutions", "President Obama Announces More Key Administration Posts", "ICC elects Mastercard CEO Ajay Banga as new Chair", "Delhi whiz Ajay Banga becomes MasterCard CEO - Times of India", "Cramer, MasterCard CEO talk radical banking moves", "Press Release - Ajay Banga, President & CEO of MasterCard, to Keynote 2014 Graduate Convocation - NYU Stern", "MasterCard CEO Ajay Banga's six lessons on leadership—as told to the IIM-A class of 2015 — Quartz", https://en.wikipedia.org/w/index.php?title=Ajaypal_Singh_Banga&oldid=985840728, American chief executives of financial services companies, Indian Institute of Management Ahmedabad alumni, Recipients of the Padma Shri in trade and industry, Peterson Institute for International Economics, American chief executives of Fortune 500 companies, Creative Commons Attribution-ShareAlike License, This page was last edited on 28 October 2020, at 07:49.

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