Biography of Mandar Agashe: Founder of Sarvatra Technologies & Musician

 Biography of Mandar Agashe: Founder of Sarvatra Technologies & Musician

Biography of Mandar Agashe: 

Early Life and Family Foundations

Mandar Agashe was born on May 24, 1969, in Mumbai, Maharashtra, into a prominent Chitpavan Brahmin family with a rich legacy of industrial and entrepreneurial success. His father, Dnyaneshwar Agashe, was a distinguished industrialist, and his mother, Rekha Gogte, came from the Gogte family of Belgaum. Mandar’s lineage connects him to notable figures including Chandrashekhar Agashe and Bapu Gokhale, indicating a deep-rooted legacy in business and public life.

Academic Pursuits in Engineering

Mandar pursued his higher education at the Pune Institute of Computer Technology, where he earned a Bachelor of Engineering in Computer and Information Sciences. His academic journey at this institute laid the groundwork for his future endeavors in technology and business. Graduating in 1990, Mandar was well-prepared to step into the burgeoning field of technology.

Entry into Business

In 1991, Mandar Agashe began his professional career by joining the board of directors at his grandfather’s Brihan Maharashtra Sugar Syndicate. His leadership potential was quickly recognized, and he became the joint managing director of the syndicate in 1994. This role marked the beginning of his significant influence in the business world, setting the stage for his future ventures.

Expansion into New Ventures

Mandar's entrepreneurial spirit led him to explore various business avenues. In 1998, he founded Brihans Pharmaceuticals, focusing on Ayurvedic medicine. This was followed by the establishment of musicurry.com in 1999, an internet radio company, showcasing his interest in merging technology with other sectors.

Founding Sarvatra Technologies

In January 2000, Mandar Agashe took a major leap by founding Sarvatra Technologies. This company specialized in developing banking software, marking his entry into the financial technology sector. Sarvatra Technologies was pivotal in creating solutions for Suvarna Sahakari Bank, blending his tech expertise with financial services.

Collaborations and Innovations

The year 2000 was also notable for Mandar as he collaborated with California-based Questionable Ventures to enhance musicurry.com. He enlisted Usha Mangeshkar as the creative consultant, aiming to digitize and showcase the Mangeshkar family archives, demonstrating his commitment to integrating traditional arts with modern technology.

Launching New Products

Mandar’s innovation continued with the establishment of Brihans Natural Products Ltd. in April 2000. The company launched a successful range of aloe vera skincare products in 2002. This venture reflected his ability to diversify and address consumer needs through natural products.

Strengthening Financial Technology

By 2006, Sarvatra Technologies introduced "Anywhere Money" POS terminals, gaining commendations from Maharashtra's politicians. This innovation highlighted Mandar’s role in advancing financial technology solutions that facilitated transactions across various sectors.

Strategic Mergers and Partnerships

In 2007, Mandar merged the operations of EBZ Technologies and Codito Technologies with Sarvatra Technologies. This strategic move included partnering with Larry Ellison of Oracle Corporation to bring banking software technology to rural India, which received approval from prominent figures like Y. V. Reddy and Raghuram Rajan.

Legal Challenges and Setbacks

In November 2008, Mandar faced a significant challenge when he was implicated in Suvarna Sahakari Bank’s alleged ₹4.3 billion scam. The allegations involved misuse of loan sanctions, leading to his arrest. Mandar, who was abroad at the time, returned to India to address the legal issues and was subsequently placed under house arrest.

Biography of Mandar Agashe: Founder of Sarvatra Technologies & Musician/Age/Net worth/Businessman/Brihans Natural Products/aloe vera skincare/ Mandar 

Resolution and Release

Mandar Agashe was released on bail in March 2009 after being charged with sanctioning forged loan proposals. The Suvarna Sahakari Bank was eventually dissolved and merged with Indian Overseas Bank in May 2009, resolving the legal entanglements surrounding the case.

Revival and Growth in Financial Sector

After the legal issues were resolved, Mandar refocused on his business ventures. By 2011, Sarvatra Technologies expanded its POS terminals to urban co-operative banks, significantly impacting the financial services sector. Under his leadership, the company’s financial switch supported numerous banks, enhancing connectivity across India.

Adaptation During COVID-19

The onset of the COVID-19 pandemic in 2020 prompted Mandar to adapt his business strategies. He announced plans to continue remote work for half of his employees even after the lockdowns. This decision reflected his commitment to modern work practices and employee well-being during unprecedented times.

Musical Beginnings

Mandar Agashe's interests extended beyond business into music. During his college years, he connected with Hridaynath Mangeshkar and began composing music for Marathi films. His debut as a music composer was marked by the 1995 Marathi movie "Hey Geet Jeevanache."

Early Music Releases

In 1994, Mandar released an English rock music album, influenced by The Beatles. His exploration in music continued with the release of his Marathi album "Achanak" in 1997 and the Hindi album "Nazar Nazar" in 1998, which was produced by Ashutosh Phatak and Dhruv Ghanekar.

Diverse Musical Projects

Mandar’s musical career saw further diversification with the release of a new age-techno track titled "I Need Someone" in 2003. His 2005 double-sided album "Two of Us" included both Hindi pop and English rock music, showcasing his versatility as an artist.

Collaboration with Asha Bhosle

In April 2016, Mandar collaborated with legendary singer Asha Bhosle on a western pop album featuring ghazals by Suresh Bhat. The album, titled "82," was a tribute to Bhosle’s age and included a competition for fan-made music videos, reflecting Mandar’s innovative approach to music promotion.

Recent Musical Endeavors

Mandar’s musical journey continued with the release of the Marathi retro album "Theek Aahe, Chaan Aahe, Masta Aahe" in June 2021. This album, produced during the COVID-19 lockdown, featured poems and ghazals by Suresh Bhat and guest vocals from prominent artists like Aarya Ambekar and Dhanashree Deshpande-Ganatra.

Legacy and Influence

Mandar Agashe’s multifaceted career as a businessman, technology innovator, and musician has established him as a notable figure in both the business and entertainment industries. His ability to blend traditional values with modern innovations continues to influence and inspire across various fields.

A timeline of Mandar Agashe's journey:

May 24, 1969: Born in Mumbai, Maharashtra.

1990: Graduates with a Bachelor of Engineering in Computer and Information Sciences from Pune Institute of Computer Technology.

1991: Joins the board of directors at Brihan Maharashtra Sugar Syndicate.

1994: Becomes joint managing director of Brihan Maharashtra Sugar Syndicate.

1998: Founds Brihans Pharmaceuticals.

1999: Establishes musicurry.com.

January 2000: Founds Sarvatra Technologies.

April 2000: Launches Brihans Natural Products Ltd.

2002: Introduces aloe vera skincare products.

2006: Introduces "Anywhere Money" POS terminals.

2007: Merges EBZ Technologies and Codito Technologies with Sarvatra Technologies.

November 2008: Faces allegations in Suvarna Sahakari Bank scam.

March 2009: Released on bail; Suvarna Sahakari Bank is dissolved in May 2009.

2011: Expands Sarvatra Technologies' POS terminals to urban co-operative banks.

2020: Adapts business strategy for remote work during COVID-19 pandemic.

June 2021: Releases Marathi retro album "Theek Aahe, Chaan Aahe, Masta Aahe."

 Biography of Mandar Agashe: Founder of Sarvatra Technologies & Musician/Age/Net worth/Businessman/Brihans Natural Products/aloe vera skincare/ Mandar