Vikrant Bhargava Explained

Vikrant Bhargava
Birth Date:14 December 1972
Birth Place:Jaipur, India
Nationality:British
Education:Indian Institute of Technology Delhi
Indian Institute of Management Calcutta
Occupation:Businessman
Known For:Co-founder of PartyGaming, company responsible for PartyPoker
Spouse:Married
Children:3

Vikrant Bhargava (विक्रान्त भार्गव; born 14 December 1972) is an Indian-born British businessman, and the co-founder and former marketing director of online casino operator PartyGaming.

Early life and education

Bhargava was born on 14 December 1972 in Jaipur, India, and raised in Rajasthan.[1]

He holds a bachelor's degree in Technology in electrical engineering from IIT Delhi, where he met his future business partner Anurag Dikshit.[2] He also studied at the Indian Institute of Management, Calcutta.[2]

Career

Prior to joining PartyGaming, Bhargava was a credit officer at Bank of America, responsible for managing credit exposure and revenue for corporate clients, and a business analyst in the business development division of British Gas.[3] [4]

Bhargava joined PartyGaming (formerly iGlobalMedia) as marketing director in early 2000.[1] In July 2001, he oversaw the marketing for the launch of PartyPoker, as well as for Partygaming when it went public in 2005, at the time the London Stock Exchange's largest IPO of an internet company, valued at over $8.5 billion.[5]

In 2005, he owned 15% of PartyGaming, estimated at £450 million.[6]

In May 2006, Bhargava announced he would leave the company's board of directors at the end of the year.[7] He also stepped down from his executive role in the company. Quoted in eGaming Review, John Shepherd, director of PartyGaming corporate communications, credited Bhargava with transforming PartyGaming into a multi-billion pound company.[8] When he left PartyGaming, Bhargava's fortune was estimated to be £850 million.[9] ($1.6 billion at that time)

Bhargava later became the head of a private investment company, Veddis Ventures, registered in Gibraltar.[10] According to the Electoral Commission, Bhargava has donated around £200,000 to the Conservative Party via two of his companies, Stellite Finance and Aria Properties.[10]

Personal life

He married his wife in 2005, and they have two children.[6]

See also

External links

Notes and References

  1. Web site: Peter . Gumbel . 20 November 2005 . How the U.S. Is Getting Beat in Online Gambling . TIME.com . https://web.archive.org/web/20051125093911/http://www.time.com/time/globalbusiness/article/0,9171,1132818,00.html . 2023-11-15 . 25 November 2005 .
  2. Web site: 2005-03-20 . Amit . Roy . Poker princes eye pot of gold - IIT alumni lord over company valued at $6 billion . 2023-11-15 . The Telegraph of India. https://web.archive.org/web/20050328084823/http://www.telegraphindia.com/1050320/asp/frontpage/story_4515973.asp . 28 March 2005 .
  3. Web site: Vikrant Bhargava . 2024-07-24 . Asian in Tech . en-GB.
  4. Web site: Armitstead . Louise . 2024-07-24 . Gaming founder hedges his bets . 2024-07-24 . www.thetimes.com . en.
  5. Web site: 2024-04-03 . How investment firms shield the ultrawealthy from the IRS . 2024-04-06 . . en-US.
  6. News: Pratley . Nils . 2005-03-19 . The poker face . en-GB . The Guardian . 2023-11-15 . 0261-3077.
  7. https://www.forbes.com/facesscan/2006/05/24/partygaming-billionaires-dikshit-cx_po_0524autofacescan06.html PartyGaming's Billionaire Dikshit Quits Board
  8. PartyGaming Executive Added as World Poker Congress Keynoter.
  9. Web site: Gibraltar Rich list: Top 5 Millionaires and their net worth in 2019. 15 September 2018.
  10. Donor Watch. Private Eye. 2 June 2017. 1445. 11.