Sanjay Bhandari Biography

Sanjay Bhandari, also known as Sanjay Madanlal Jain, is a prominent businessman and financier. Born on 18 December 1981, Sanjay, often referred to by his nickname “Sanju,” has held significant roles as a director in various companies.

Sanjay Bhandari (Businessman) Wife, Family, Biography, & More

Notably, he became the director of Kisan Grow Agro Fertilizers India Private Limited on 9 January 2021. Later, on 6 October 2022, he expanded his directorial portfolio by joining Sangeetha Ventures Private Limited and Bhandari Buildtech Private Limited. Through his strategic leadership and business acumen, Sanjay has made a substantial impact in the corporate sector.

Early Life

He was born on 18 December 1981 in Shivaji Nagar, Nanded, Maharashtra, India. Growing up in a large family with six brothers, he developed a strong sense of entrepreneurship early on. His father, Madanlal Bhandari, provided a supportive environment that encouraged Sanjay to pursue his interests in business. Following his education, Sanjay ventured into the finance sector, laying the groundwork for his future endeavors in various industries.

Education

His education information not known.

Age

He was born on 18 December 1981 in Shivaji Nagar, Nanded, Maharashtra, India. His zodiac sign is Sagittarius and he holds Indian nationality. Now he is 43 years old.

Physical Stats

He has black eyes and black hair.

Wife

Sanjay Bhandari is married to Sangeetha Bhandari since 10 July. Details about their children are not known.

Family

His parents are Madanlal Bhandari and his mother, whose name is not known. He has six brothers: Mahaveer (married to Usha), Padam (married to Sudarshana), Vinay, Santosh, Ashish, and Vijay Bhandari.

Sanjay Bhandari Mother Picture

Sanjay Bhandari Brother Mahaveer Bhandari with his wife Usha Bhandari

Sanjay Bhandari Brother Padam Bhandari

Career

Sanjay Bhandari began his career in the finance sector, establishing the Sanjay Madanlal Bhandari Chitfund Private Limited in 2010, which he later shut down. He diversified into agriculture and infrastructure by founding multiple companies. Additionally, Bhandari offered personal and gold loans through Bhandari Finance Limited and Gold Loan Limited. In 2024, he gained significant attention when the Income Tax department raided his properties, uncovering Rs 170 crore of unaccounted assets, including Rs 14 crore in cash and 8 kg of gold, amidst allegations of tax evasion and hawala transactions.

 Net Worth

Sanjay Bhandari purportedly received payments exceeding Rs 400 crore.

Some Lesser Known Facts About Sanjay Bhandari

• He worked in the finance sector after completing his education.
• He started a chit fund company named Sanjay Madanlal Bhandari Chitfund Private Limited in 2010 but later shut it down.
• He later opened different companies in the field of agriculture and infrastructure.
• He also gave personal and gold loans to the public through his companies named Bhandari Finance Limited and Gold Loan Limited.
• He made headlines in 2024 when the Income Tax department raided his offices and home in Nanded, Maharashtra.
• More than 80 I-T officials from Chhatrapati Sambhajinagar and Nashik raided his properties on 10 May 2024 which continued till 14 May 2024.
• An official said that they raided Bhandari’s properties to check tax evasion.
• Reportedly, Rs 170 crore of unaccounted assets and transactions, including Rs 14 crore cash and 8 kgs of gold, were recovered during the raid.
• There were rumours that Bhandari was also doing hawala transactions.
• According to reports, he also purchased a property worth crores at the price of Rs 25 thousand per square foot.

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