Sanjay Agarwal

Sanjay Agarwal is an Indian businessperson and founder of AU Small Finance Bank, where he is currently serving as the Managing Director & CEO. He was named Ernst & Young Entrepreneur of the Year Award 2018 in financial services.



He has a bachelor’s degree in commerce from the Government College, Ajmer. He is a chartered accountant from the Institute of Chartered Accountants of India.


After clearing CA in 1995, Sanjay started his own venture in Jaipur. Realizing the lack of institutions to cater to the financial needs of people in rural and semi-urban Rajasthan, he decided to start a financing firm, the erstwhile Au Financiers in 1996.

He started the business with the help of a few High Net worth Individuals (HNIs) in Jaipur. For over 2 decades, Au Financiers provided funding for income generating assets and partnered with customers.

In 2015, the Reserve Bank of India commenced the Small Finance Bank (SFB) category in India to encourage financial inclusion. Of the 72 companies that applied for the SFB license, 10 received licenses. AU Bank was the only non-banking finance company to receive this license.

Agarwal was first appointed as Managing Director of Au Financiers on February 14, 2008. As the company transformed into a Small Finance Bank on April 19, 2017, he became the Managing Director & CEO of AU Small Finance Bank.

In 2017, the IPO of the AU Bank was oversubscribed by more than 53 times. As of July 2018, the bank has a valuation of close to ₹20,000 crore (US$3 billion). Sanjay’s market wealth is about ₹4,000 crore (US$561 million).

Awards & honour