Amit Jain Age, Biography, Wiki, Net Worth, Wife, Education, Family

Amit Jain is a renowned businessman from Jaipur who is famous for being the founder of CarDekho. He started the company along with his brother and it has become a giant company in the last few years. Amit Jain has also started companies like Insurance Dekho and College Dekho which provide information about specific industries. He recently became famous in 2022 after entering the Shark Tank program as one of the sharks.

Amit Jain

It was not an easy journey for Amit Jain who has a background in IIT. Amit Jain started the company in his garage in Jaipur after working in top IT companies for few years. The company made some losses in the early stages but it picked up pace during 2012 and started getting lot of audience. In the next few years, he managed to raise funds from several top investment firms and grew the company to a top level.

In the year 2022, he has taken up one more role as a shark in the startup reality program Shark Tank. It allows him to invest in smaller companies and support them to grow in the long run. Other than that, he is also mentoring few startups with his experience in the industry. He maintains a low profile outside of his business circle and has encouraged many small businessmen from small cities over the years.

Age

Amit Jain was born on the 12th of November 1976 in Jaipur region of Rajasthan. Amit Jain’s current age is 46 years.

Wiki | Biography

Amit Jain was born and brought up in Jaipur. He completed his primary education from St Xavier’s Senior Secondary school in Jaipur. He was a bright student during his school days and always excelled in academics. During his college days, Amit Jain prepared for IIT and got the seat in Delhi IIT during 1995. He passed out of Engineering in 1999.

After completing his graduation, he managed to work for TCS and other companies for about 6 years. However, during 2006, his father was affected with cancer and Amit along with his brother went back to their hometown Jaipur to take care of parents. After staying in Jaipur for sometime, Amit Jain started working in the family Gemstones business due to the death of his father.

He later started a small company in their house and got the idea to start a car information portal Cardekho after attending an exhibition in Delhi. He started the company along with his brother which later went on to become a huge portal by 2015. They have acquired a lot of competitors in the market who were having similar portals and CarDekho is worth more than Rs 1000 crores going by its valuation in 2022.

Full NameAmit Jain
NicknameAmit
Date of Birth12 November 1976
Age46 (as of 2023)
BirthplaceJaipur, Rajasthan
NationalityIndian
ProfessionEntrepreneur
Zodiac sign / Sun signScorpio
Famous ForBeing the CEO and CoFounder of CarDekho Group
SchoolSt. Xavier’s Senior Secondary School, Jaipur
CollegeIndian Institute of Technology, Delhi
Educational QualificationsBachelor of Technology (BTech)
DebutNA
Years ActiveNA

Family

Amit Jain belongs to a Jain family from Rajasthan. His father Prashant Jain worked for the RBI and also had his gemstone business as his family was into that business. Amit’s grandfather was a renowned astrologer in Jaipur. His mother Nilima Jain is a home maker. Amit Jain has a brother Anurag Jain who is also his partner in CarDekho and many other companies in India. His father expired in 2006 due to cancer and both brothers had quit their jobs at that time to take care of parents in that difficult situation.

Father NameDied in 2006
Mother NameNilima Jain
Brother NameAnurag Jain
Sister NameNot Known

Girlfriend, Wife, Relationships

Amit Jain is married to Pihu Jain. She works for Girnar Software and has also associated with him in many other startups in recent years. The couple have twins both sons named Aayan and Aahil Jain.

Physical Appearance

Amit Jain stands tall at 5.7 feet and weighs close to 70 kgs. He is known for his cute smile and usually sports a small beard and moustache. He also maintains short hair style most of the time. He goes for a walk occasionally and is said to be a regular smoker. He is also seen attending many parties during his free time. He is not too much of a fitness enthusiast.

Career

Amit Jain started his career in the IT industry by working for top companies like TCS. As he is from IIT Delhi, he had lot of offers from many companies. He was also working for Yourbillbuddy.com for some time before moving back to Jaipur due to personal issues. As his father suffered from cancer around 2006, he quit his job and settled in Jaipur.

Unfortunately, his father died and Amit Jain worked for his parent’s gemstone company for some time. It was during that time he collaborated with his brother Anurag Jain to start a software company called GirnarSoft in Jaipur. It was a small startup and he setup the company in the garage of his home.

The year 2008 was a turning point for Amit Jain and his brother as they attended an Auto exhibition in Delhi. They realised that there was no portal that provided information about cars during those days and it was not easy to get information for the common man from every dealer. They decided to bridge the gap and opened CarDekho.com.

In the early stages, the portal provided the price and other features about different cars in India. They later moved to giving reviews and other technical information which improved their audience base. They were also able to tie up with Insurance companies and Banks to provide loans to customers for the car sales.

Slowly they managed to get the association with thousands of dealers allover the country and this boosted their brand. They got the much needed capital funding from Sequoia Capital. This was a huge turning point as the American investment company helped them to buy other competitors like Zigwheels and Gaadi. In recent years, they have also acquired PowerDrift and another portal Carmudi in Phillipines.

In the year 2022, he also took up the role of a venture capitalist after featuring in the show Shark Tank. This is the second version of reality investment show where startup pitch their ideas to seasoned investors for raising funds. Amit Jain has encouraged smaller companies and women entrepreneurs in the past and is likely to invest in many small companies in this  year.

The investment on personal front has extended to other portals like Insurance Dekho and Bike Dekho which provide information about two wheelers and other insurance options available in the market. In the same manner, they have also started College Dekho which provides good information about various colleges and courses across the country.

Net Worth

The net worth of Amit Jain is around Rs 2000 crore. Most of his wealth is from his portal Cardekho which has become a huge brand in the country. He has also received funding from foreign investment firms in recent years. He also owns several other companies and has acquired many other competitors in the last few years. He owns several properties in Jaipur, Delhi, Mumbai and other regions of India. He owns several luxury cars.

Facts and Information

Amit Jain has been a passionate businessman and this is seen in the way he has built the company CarDekho from a small startup to a huge giant company. He has managed to wipe out the competition with regular acquisitions over the years.

They managed to get one competitor every year from 2014 and became the undisputed leaders by 2020. The company has also started providing loans for used cars in 2022 and has associated with banks and other financial institutions.

Amit Jain is interested to support young and dynamic startups from smaller towns as he himself faced lot of struggles when he was running his company from his garage in Jaipur during 2007.

As a shark tank investor, he plans to bring something new to the show and support as many participants as possible through his investments and guidance. The second season of Shark Tank is starting soon in 2023 and it has a good following among young audience across the country.

Leave a Reply

Your email address will not be published. Required fields are marked *