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Ajay Banga Biography

Ajay Banga

Facts of Ajay Banga

Birth Nation: India

Quick Timeline of Ajay Banga

1960 Born in Pune, India
1981 Started career in Nestle
2014 Appeared in Mad Money
2014 Speaker at NYU Stern Graduate Convocation
2016 Received Padma Shri

Detail Timeline of Ajay Banga


Born in Pune, India

Ajay Banga is currently the CEO and president of the well-known multinational financial services corporation known as MasterCard. He was born in Pune, India and completed economics degree from Delhi University.

He is the older among two siblings.


Started career in Nestle

1981 was the year that marked Banga's leading step in forging a business career. He joined transnational food and beverage company Nestle and spend 13 years in management sector of the company - overlooking sales and marketing. 

Nestle was where Banga developed his leadership skills.


Appeared in Mad Money

In 2011, Banga appeared on the finance television program Mad Money hosted by Jim Cramer.  The main purpose of the show is to educate people about investment and speculation. 

The episode aired on Thursday, 6 November 2014.

May 22 , 2014

Speaker at NYU Stern Graduate Convocation

American Universities invite guest speakers on the convocation ceremony of graduates from their college and the guest speakers speak on diverse range of issues. 

Ajay Banga being the leading man in a world renowned multinational company - Mastercard chose to focus on importance of assortment in dynamic leadership.


Received Padma Shri

Padma Shri is the 4th most prestigious civilian award in India. It is awarded annually by Government of India on Republic Day. 

In 2016, he was decorated with this title for his contribution in finance and trade. 



It is believed that he is 52 years of age currently and lives with his wife Ritu Banga. He is succeeded by two children – Jojo and Aditi Banga. He has a brother named Manvinder Singh Banga who is a recipient Padma Bhusan in 2010 for his contributions in trade and industry.

His nationality and ethnicity is Indian. Banga is a firm believer of diversity in the workplace.

His yearly salary or pay package was $12.57 million in 2012 and his net worth is estimated at $1.2 billion. He is currently in the Top 10 list of highest paid Indian American CEOs.