Narendra Bansal – Founder of Intex Technologies: Journey and achievements of a born entrepreneur

Today, Narendra Bansal is one of the reputed names in the tech industry. He is the founder of Intex Technology which is a reputed smartphone manufacturing company in India. In fact, it’s the second-largest selling smartphone company in India. Bansal founded it back in 1996. But you will surprise to know that, this man once used to sell photographs in Birla temple, Delhi. However, using his knowledge and business skills he founded the company which is at a peak of 6,200 crores today.

Narendra Bansal- Founder of Intex Technology

He is a born entrepreneur, who wanted to make his own identity. Therefore, he refused to join his father’s business. Also, his ability to know the market appropriately, helped him a lot to start his businesses. As said before, he starts business from taking photographs and selling it.

Apart from that, he started many small businesses based on market demand. Obviously, he is a born businessman. So, it is inspiring to know the personal and professional journey of Narendra Bansal. An entrepreneur, who had an entrepreneurial streak from the very beginning.

Early life

In 1963, he was born at Rajasthan in Hanumargarh. Bhanwarlal, a father of Narendra was a businessman. Apparently, he learned some business skills from his father. However, his mother was a homemaker. He completed primary education at his native place. But after a few years, Bansal family moved to Nepal. So, he attended Vishwaniketan High school for secondary education. In the year 1980, the Bansal family returned to Delhi. Thus, he attended Swami Shraddhanand College for graduation in Commerce.

Narendra Bansal a Businessman

From the beginning, he wanted to start a business. But without any help from his father. So, during his college days, he started working on his business ideas. He has the ability to know what the market wants. In the 1980s, audio-video cassettes were the center of attraction. There was a huge demand for it. Being a keen market analyst, Narendra grabs this opportunity to start his business. That time, he started re-selling audio-video cassettes in the local retail markets of Delhi. Especially at Chandni Chowk, Palika Bazar, and South Extension. As the market changed, he started selling VCRs till 1987.

Narendra was a technology-oriented person. In 1987, floppy disks arrived in the market. Also, it was the start of a new era of technology. So, he expanded his business of trading and distribution with selling floppy disks. Later, he added hard drives and RAMs in his local retail selling.

International Impex

In 1994, Narendra started the company International Impex investing just 20,000 rupees. At starting, the Delhi based company offered the service in the import of basic electronic accessories. For example, ethernet cards, floppy disks, RAM, etc. After a few years, International Impex started assembling and selling of these accessories. Because Narendra was aware of the beginning of the computer era. Also, he builds contacts in Korean and Taiwan’s market which helped him to flourish the business further.

In fact, the company’s turnover crosses 3 million in a year. As per his basic skill to grow business step by step, he added other durable products to his business. Includes, DVD player, Multimedia speakers, etc.

Establishment of Intex Technologies

Narendra had the potential to run any business successfully. At the end of the 20th century, mobile phones and other IT accessories were gaining importance in the market. So, he bagged the golden chance and set up an Intex technology in 1996. The company started a manufacturing unit of IT accessories and consumer durables. In just one year, Intex achieved great success with the Intex Home Theater System. After that, the company has never looked back. Presently, the company is the second-largest smartphone manufacturing firm in India.

Narendra Bansal’s Awards and Achievements

In 2012, Cell IT Magazine honor Narendra Bansal with the Lifetime Achievement award. He was awarded for his contribution to the IT industry’s growth in India. Also, in 2016, he named many awards from several institutes for his contribution to the IT sector. Includes, Udyog Rattan Award, Distinguished Entrepreneurship Award, and Empresario Most Inspiring Entrepreneur award. In addition, he honored with Outstanding Contribution to Mobile Industry by CEAMA. In 2016, Exhibit Tech Awards honored him as a Johnnie Walker Best Entrepreneur of the Year.

Other social work

Narendra actively participates in many organizations that work for social clauses. Including, Manthan, Rotary club, and Rajasthan Club. Also, he is a member of Tie. In fact, he worked for the urban underprivileged people of Delhi to provide education and health facilities.