Aman gupta boAt Net Worth is a topic which has caught the attention of most of us. This has happened especially after the premier and rapid popularity of the show Shark Tank India where Aman Gupta is one of the sharks.
Aman Gupta with Sameer Mehta co-founded boAt, a brand that deals in selling fashionable audio products. Aman Gupta’s boAt is the most sought brand when it comes to finest quality speakers, earphones, headphones, travel chargers and rugged cables without feeling a pinch to the pocket.
|Net Worth||$95 Million|
|Born||16 August 1984|
|Education||Delhi Public School, R.K. Puram|
Institute of Chartered Accountants of India
Indian School of Business
Kellogg Graduate School of Management, USA
|Marital Status||Married to Priya Dagar|
Aman Gupta Biography
What is Aman Gupta background? Gupta founded BoAt, an Indian consumer electronics company specializing in audio technology headwear. Gupta was the sales director at Harman International before co-founding Imagine Marketing Services (BoAt). He handled consumer electronics brands distributed by Harman International in India, including JBL, Harman Kardon, and AKG. Gupta works for Harman International out of its New Delhi headquarters.
In addition, he worked as a senior management consultant in KPMG’s Strategy Services Group in the Gurgaon office. Gupta’s first entrepreneurial experience was as co-founder and CEO of Advanced Telemedia Pvt Ltd, which helped introduce multinational brands such as Beats Audio, Sennheiser, and Telex, in the Indian market.
Aman Gupta Education
He received his schooling at Delhi Public School and R.K. Puram and graduated with a degree in business from Delhi University (Honors). Gupta earned a master’s degree in business administration (MBA) focusing on general management and marketing from Kellogg School of Management in 2011.
Gupta received honors throughout his undergraduate studies at Delhi University, where he got a Bachelor of Commerce degree from 1998 to 2001.
Before co-founding Imagine Marketing Services (BoAt), he was the sales director at Harman International, where he oversaw a portfolio of consumer electronics brands supplied by Harman International in India, including JBL, Harman Kardon, and AKG.
The boAt is an Indian business started in November 2013.
- Priya Dagar is Aman’s wife, whom he married in 2008. Mia and Adaa Gupta are their two daughters.
- Aman Gupta will be 39 years old by December 2021.
- Outside of India, the co-founders hope to develop a global audio company.
Boat Founders – Sameer Mehta and Aman Gupta founded the startup ‘BoAt’ in 2016 and began selling ‘fashionable audio products.’ In the first two years, the firm offered earbuds, headphones, speakers, travel chargers, and rigid luxury cables and achieved success by making domestic sales of Rs. 100 crores.
The unbreakable Apple charging cord and charger was BoAt’s debut offering. Because the original Apple cables tended to bend and break towards the ends, BoAt’s inventor created a rugged, braided line with a 10,000 bend life cycle. People needed something that would last a long time and operate correctly. Thus the product was revolutionary. The cost of the BoAt cable was $1,500, which was much less than the cost of Apple devices. The durable Apple charging cable and charger from BoAt was the most popular item on Amazon.
The business also released boAt BassHeads225 in the same year. The goal of the earphones was to prevent Chinese items from being sold in India.
Revenue from BoAt
The company’s sales increased from 27 crores in 2017 to 108 crores in 2018. Each day, BoAt sold over 6000 units, with four teams sold every minute.
In F.Y. 2020, the company’s sales surpassed Rs 500 crore, an increase of 108.8% over F.Y. 2019. It was a profitable company for five years in a row.
The firm now has 5,000 retail outlets and 20 distributors. Over 10,000 units are sold every day, for four million per year. It has a customer base of up to 20 million Indians, with Amazon and Flipkart accounting for about 80% of its sales.
In India, BoAt has surpassed Apple and Samsung to become the fifth-biggest wearable brand, and it is establishing itself as a powerful worldwide brand.
Aman Gupta Professional Life
Aman worked for Harman International as its India sales director before co-founding BoAt and was affiliated with the firm from 2012 to 2013.
Aman also worked for CitiBank as an Assistant Manager from 2003 to 2005.
Before joining BoAt, he co-founded and served as CEO of Advanced Telemedia Pvt Ltd from 2005 to 2010.
At KPMG, Aman was also a Senior Management Consultant (Strategy Services Group).
Imagine He also co-founds marketing India.
He was also the Internet and Mobile Association of India’s D2C Council chairman.
Shark Tank India’s Aman Gupta
Aman Gupta is currently an investor on Sonyliv’s business reality program Shark Tank India. He’ll be evaluating fresh company concepts and investing in those that pique his attention.
Aman Gupta invests in some of the firms, including FREECULTR, Bummer, Skippi Ice Pops, Shiprocket, WickedGud, Anveshan, and 10club. Approximately $95 million is his net worth.
The net worth of Aman Gupta is reported to be in the billions of dollars.
His company has produced a significant profit, and he is on the brink of becoming a billionaire.
The boAt was founded in 2015 and generated Rs 500 crore in revenue in F.Y. 2020, a 108.8% increase over the previous year.
The boAt offers earphones, stereo headsets, portable chargers, and high-quality cables.
The boAt is now accessible in 5,000 retail locations and is supported by a network of 20 distributors.
The company claims to sell over 10,000 gadgets per day and four million units per year, and it has already served over 20 million Indians.
Aman Gupta’s Facts
- Aman Gupta was born and raised in the Indian city of Delhi.
- In 2021, Aman will be a judge on the business reality television show Shark Tank India Season 1, which will be televised on SonyLiv.
- He’ll assess fresh company ideas and invest in a subject in which he’s interested.