Binny Bansal

Former Amazon executive, Binny Bansal, teamed up with pal Sachin Bansal in 2007 to found Flipkart as an online seller of books.The duo, who share the same surname but are not related, pooled $6,000 of their combined savings and started operating out of their apartment. In 2018, Wal-Mart bought a 77% stake in Flipkart for $16 billion in what was the world's biggest deal for an internet firm. Bansal, who retains a 4% stake in the firm and had orchestrated the Wal-Mart deal, initially stayed on as chairman and group chief executive.He resigned in November 2018, when he was accused of serious personal misconduct. He denied the allegation but admitted to lapses in judgement.