• 30-Dec-2023
  • by Er. Deepak Maurya

Kunal Shah | Net worth, Education, Biography & CRED.


Kunal Shah, a visionary entrepreneur and the founder of CRED, has made waves in the startup ecosystem. Kunal Shah, born on March 31, 1983, in Mumbai, India, is a prominent figure in the Indian startup scene. Known for his strategic mindset and innovation, Shah's journey to success is both inspiring and noteworthy. His early life, upbringing, and experiences have played a pivotal role in shaping the entrepreneur he is today.

Key Points: 

Name: Kunal Shah

Personal Information:

  • Birthdate: March 31, 1983

  • Birthplace: Mumbai, India

  • Age: As of 2023

  • Spouse: Bhavna Shah (Professional Graphic Designer)


  • He holds a degree in Philosophy from Wilson College, Mumbai
  • Dropped out of MBA from Narsee Monjee Institute of Management Studies, Mumbai

Professional Journey: 

  • Co-founder of FreeCharge
  • Founder of CRED (2018)

Net Worth:

  • Estimated Net Worth: Approximately 2 billion dollars ( INR15000 crore)


  • Actively involved in startup investments
  • Key investments include fintech unicorn Razorpay, M2P Fintech, Jupiter, Coinswitch, and Shiprocket

Family Life:

  • Married to Bhavna Shah, a professional graphic designer
  • Both share a passion for technology


Shah's academic journey is as remarkable as his professional one. He holds a degree in Philosophy from Wilson College, Mumbai. He went on to pursue an MBA from Narsee Monjee Institute of Management Studies in Mumbai but dropped out.  Known for his intellectual prowess, Shah's education laid the foundation for his analytical thinking and problem-solving skills, which have proven instrumental in his entrepreneurial endeavors.

Professional Journey:

Kunal Shah kickstarted his career in the corporate world, working for renowned companies like Capital One and FreeCharge. However, it was his entrepreneurial spirit that led him to co-found FreeCharge, a mobile commerce platform that gained immense popularity in India. The success of FreeCharge paved the way for Kunal's entrepreneurial journey, and in 2018, he founded CRED.

CRED and Startup Success: 

CRED, Kunal Shah's brainchild, is a fintech startup that has disrupted the credit card payment landscape in India. The platform rewards users for paying their credit card bills on time, fostering a culture of financial responsibility. CRED's innovative approach has garnered widespread attention, and the platform has become synonymous with trust and reliability in the fintech sector.

Investments and Recognition:

In addition to his role at CRED, Kunal Shah is actively involved in the startup ecosystem as an investor. He has made strategic investments in various startups include fintech unicorn Razorpay, M2P Fintech, Jupiter, Coinswitch, and Shiprocket and supporting and mentoring the next generation of entrepreneurs. Shah's keen eye for promising ventures has solidified his reputation as a thought leader and investor in the Indian startup community.

Net Worth:

As of the latest available data, Kunal Shah's net worth is estimated to be 2 billion doller( approx 15000 crore). His success with FreeCharge and the rapid growth of CRED have contributed significantly to his financial standing.

Family Life:

Kunal Shah is happily married to Bhavna Shah, a distinguished professional in the field of graphic design. The union is characterized by a unique synergy, as both Kunal and Bhavna share a deep appreciation for technology, with Kunal being a tech innovator and Bhavna a seasoned techie herself. Their shared passion for the digital realm not only reflects a common professional ground but also serves as a source of connection and understanding within their relationship.

Kunal and Bhavna have created a harmonious life together, blending their individual strengths and interests. As a techie power couple, they navigate the dynamic landscape of technology with grace and mutual support. Their commitment to each other extends beyond personal spheres, forming a partnership that harmonizes their professional pursuits and personal aspirations.

Awards and Accolades:

Kunal Shah's indelible impact on the business landscape has been met with widespread recognition, as evidenced by a string of prestigious accolades that acknowledge his innovative mindset, entrepreneurial acumen, and exceptional leadership. Among the numerous awards and honors bestowed upon him, some of the noteworthy recognitions include the Forbes India Leadership Awards in 2015, where his visionary contributions were celebrated.

Some of his notable recognitions include:

  • Forbes India Leadership Awards (2015)

  • Entrepreneur of the Year (2016)

  • Top 10 Most Innovative CEOs (2017)

  • Young Business Leader (2018)

  • India's Most Admired Entrepreneur (2019)

  • Impactful Tech Leader (2020)

Kunal Shah's journey from a corporate professional to a successful entrepreneur is a testament to his vision, determination, and innovative thinking. As he continues to make waves in the startup world, his story serves as inspiration for aspiring entrepreneurs looking to make a mark in the ever-evolving business landscape. Kunal Shah's legacy extends beyond his achievements; it lies in the impact he has had on shaping the future of fintech in India.


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