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Mandar Agashe

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Mandar Agashe
मंदार आगाशे
Managing director of Sarvatra Technologies
Incumbent
Assumed office
June 22, 2000
Managing director of Brihans Natural Products
In office
April 20, 2000 – 2005
Director of Brihan Maharashtra Sugar Syndicate
Incumbent
Assumed office
1994
Director of Suvarna Sahakari Bank
In office
1994–2006
Personal details
Born (1969-05-24) May 24, 1969 (age 55)
Mumbai, Maharashtra, India
Spouse
Jiza Agashe (née Aparna Pandharkar)
​
​
(m. 1996)​
Children2
Parent(s)Dnyaneshwar Agashe (father) and Rekha Gogte (mother)
Alma materPune Institute of Computer Technology (B. E.)
Musical career
GenresPop, rock
Years active1996–present
LabelsSony BMG

Mandar Agashe (Template:Lang-mr; IAST: Maṃdāra Āgāśe; born May 24, 1969) is an Indian businessman, music director, and former musician. Best known for having founded Sarvatra Technologies in 2000, he was one of the directors implicated in Suvarna Sahakari Bank's alleged scam case in 2008. He is also known for his 1998 hit single Nazar Nazar, and for having music directed albums with Asha Bhosle in 2016, and Rahul Deshpande in 2021.

Biography

Early life and family: 1969 – 1994

Agashe was born in Mumbai, Maharashtra, into the aristrocratic and entrepreneurial Chitpavan brahmin family of industrialist Dnyaneshwar Agashe of the Agashe gharana of Mangdari,[1] and wife Rekha Gogte, of the Gogte gharana of Belgaum.[2]

Through his father, Agashe is a grandson of Chandrashekhar Agashe, a nephew of Panditrao Agashe, an older brother of Ashutosh Agashe,[3] of distant relation to Third Anglo-Maratha War general Bapu Gokhale,[4] musician Ashutosh Phatak,[5] historian Dinkar G. Kelkar, and scientist P. K. Kelkar.[6] Through his mother, he is a great-nephew of B. M. Gogte,[2] a descendant of the aristocratic Latey (Bhagwat) family, and of relation to Kokuyo Camlin head Dilip Dandekar, and academic Jyoti Gogte.[7][8]

Agashe graduated with a BE degree in software engineering from the Pune Institute of Computer Technology in 1990.[9] He has been married to Aparna Pandharkar since 1996; she adopted the name Jiza Agashe upon marriage. They have two children.[10]

Career beginnings: 1994–2008

In 1994, Agashe became a director at his grandfather's Brihan Maharashtra Sugar Syndicate, and his father's Suvarna Sahakari Bank.[11] In 1995, he worked with Hridaynath Mangeshkar on the music direction of the Marathi song Khulya Khulya Re sung by Asha Bhosle, which featured in the soundtrack for the film He Geet Jeevanache (1995).[12][9] He then released his debut album in Marathi titled Achanak in 1997.[13]

In 1998, Agashe founded Brihans Pharmaceuticals, and began research into ayurvedic medicine.[14] That same year, he released his sophmore album Nazar Nazar.[15] The music video of the title track was directed by Bunty-Prashant.[16] The album was recorded in Hindi and English, with the album's title track subsequently charting on MTV India.[17]

In 1999, Agashe launched an online radio company called musiccurry.com as part of the Dot Com Bubble.[18] Between August 1999 and February 2000, he test marketed Brihans' pharmaceutical products across 19 branches across India, formally incorporating the company as Brihans Natural Products in April 2000;[14] In June of that same year, he established Sarvatra Technologies, a company that developed banking software for Suvarna Sahakari Bank.[19][20] with Agashe having previously ventured into financial technology with the establishment of EBZ Online and Codito Technologies that same year,[21] with Oracle partnering up with Agashe on EBZ Online.[22]

In 2002, Agashe purchased stake in Deepak Ghaisas' I-flex Solutions, after the company agreed to partner with Codito, with Ghaisas joining the board of directors.[23] In 2003, he released an English single in Germany called I Need Someone.[24] That same year, Agashe launched a range of aloe vera and hibiscus based skincare products as managing director of Brihans Natural Products. By 2004, he had partnered with an American finite-state machine lab to develop cellphones and surveillance equipment.[25]

In 2005, Agashe released his third album, an English record, titled F. C. Road, in a compilation with 1998's Nazar Nazar.[26] In December of that same year, he released his fourth album entitled Jaan Le, recorded in Hindi and English, accompanied by a music video album.[27]

Suvarna Sahakari Bank case: 2008–2009

Main article: Suvarna Sahakari Bank

In November 2008, Agashe was one of the directors implicated during Suvarna Sahakari Bank's ₹4.3 billion alleged scam case.[28] His family, along with other board members of the bank, were arrested on the charges of alleged misuse of their rights to sanction loans to firms owned by themselves and then defaulting those loans, thereby duping the bank's depositors.[29] Agashe was in Germany at the time of the arrests, returning to India for his father's funeral in January 2009.[30]

Agashe was in judicial custody in February till May 2009.[31] After his father's death, Agashe was approached by former depositors of the bank for repayment of defaulted loans.[32] In March 2009, he was remanded to magisterial custody after his initial plea for bail was rejected. He was charged with having sanctioned forged loan proposals amounting to ₹1.13 billion.[33] The bank was eventually dissolved and merged with the Indian Overseas Bank in April 2009.[34] He was subsequently released on bail on March 11 that same year.[35]

Career: 2009–present

In April 2016, he music directed an album of Suresh Bhat's ghazals in Marathi with Asha Bhosle called 82.[36] The ghazals for the album were given to Agashe by Bhat in 1997, who had previously written four tracks on Agashe's Achanak. Bhat had requested that his ghazals be composed by Agashe and sung by Bhosle.[13] The album's genre was western pop, and it was titled after Bhosle's age at the time of recording.[37]

Since 2018, Agashe has written articles, or been quoted as a financial expert regarding India's banking sector and concerning government policies, most notably by The Deccan Herald in 2018,[38] The Deccan Chronicle and The Hindu Business Line in 2019,[39][40] The Financial Express, Business Standard and Mint in 2020,[41][42][43] and Money Control in 2021.[44] He has also appeared as a financial expert on several newscasts, most notably on CNBC TV18, also in 2021.[45] He has servesd as as managing director and vice chairman of Sarvatra Technologies, as of that year.[46]

In 2020, amidst the COVID-19 pandemic in India, Agashe announced his businesses will work remotely, and that his offices would function for essential staff only.[47] In 2021, he music directed an album in Marathi titled Thik Aahe, Chhan Aahe, Mast Aahe with Rahul Deshpande of songs written by Suresh Bhat. The album was recorded during the lockdown in India in 2020.[48] Agashe adopted the lyrics for the album from Bhat's final published poetry collection Saptarang. He took permission from Bhat's estate to use the lyrics for the album.[49] The album featured Aarya Ambekar, Pranjali Barve and Dhanashree Deshpande-Ganatra as supporting vocalists.[50]

Discography

As a solo artist

  • Achanak (1997)
  • Nazar Nazar (1998)
  • F. C. Road (2005)
  • Jaan Le (2005)

As music director

References

  1. ^ Ranade 1974, p. 70.
  2. ^ a b Kamath, M. V. (January 1, 1991). The Makings of a Millionaire: A Tribute to a Living Legend, Raosaheb B.M. Gogte, Industrialist, Philanthropist & Educationist. Jaico Publishing House. p. 10.
  3. ^ Karandikar 1992, p. Illustration 20.
  4. ^ Pathak, Gangadhar (1978). Gokhale kulavr̥ttānta (in Marathi) (2nd ed.). Pune: Gokhale Kulavr̥ttānta Kāryakārī Maṇdaḷa. p. 1286. LCCN 81902590.
  5. ^ Ranade, Sadashiv (1982). Phatak Kulavruttant. Pune. p. 56.{{cite book}}: CS1 maint: location missing publisher (link)
  6. ^ Kelkar, Bhaskar; Kelkar, Govind; Kelkar, Yashwant (1993). Kelkar Kulavruttant. Thane. p. 82, 89.{{cite book}}: CS1 maint: location missing publisher (link)
  7. ^ Gogaṭe Kulavr̥ttānta (in Marathi) (2006 ed.). Mumbai: Gogaṭe Kulamaṇḍala. 2006. p. 532. LCCN 2012338796.
  8. ^ Barve, D. K. (1982). सागरमेघ: बा. म. ऊर्फ रावसाहेब गोगटे यांचा भैतिक व आत्मिक आविष्कार [Sagarmegh: The Physical and Spiritual Invention of B. M. "Raosaheb" Gogte] (in Marathi). Mumbai: Bombay Book Ḍepot. p. 170, 173. OCLC 12024875.
  9. ^ a b "Mandar Agashe alumni of 1990 batch, an entrepreneur, Music director and Singer". Pune Institute of Computer Technology. January 14, 2020. Retrieved January 5, 2022.
  10. ^ Agashe & Agashe 2006, p. 62.
  11. ^ Company News and Notes. Research and Statistics Division, Department of Company Law Administration, Ministry of Commerce & Industry. July 1999. p. 14.
  12. ^ ""I, Me, Myself — Mandar Agashe" on SS Music, Sunday, 18.00". The Hindu. Archived from the original on November 18, 2003. Retrieved January 5, 2022.
  13. ^ a b Mathur, Barkha (April 21, 2016). "Asha renders six Suresh Bhat ghazals to western tunes". Times of India.
  14. ^ a b Company News and Notes. Vol. 37. University of California, Berkeley: Research and Statistics Division, Department of Company Law Administration, Ministry of Commerce & Industry (India). 2000. Brihans Pharma; Brihans Natural Products Ltd.
  15. ^ "Mandar Agashe on his hit single from 1998 'Nazar Nazar'". Wild Films India (in Hindi).
  16. ^ "Video producers of Mandar Agashe's hit single 'Nazar Nazar'". Wild Films India (in Hindi).
  17. ^ Kharade, Pallavi. "Singing a solo tune". Pune Times. Archived from the original on December 25, 2017. Retrieved January 5, 2022.
  18. ^ Business World. Cornell University: Ananda Bazar Patrika Limited. July 2000. pp. 24, 55–56.
  19. ^ "Mandar Agashe, Founder, MD and Vice Chairman, Sarvatra Technologies". SMEChannels. February 2, 2021.
  20. ^ "New software boon for co-op. bank clients". The Times of India. July 25, 2003.
  21. ^ Business India. A.H. Advani. 2004. pp. 69, 70.
  22. ^ "Mandar Agashe : The Man Who Brought a Revolution in the Indian Digital Payment System". Your Tech Story. August 19, 2019. Retrieved January 14, 2022. Early Life of Mandar Agashe
  23. ^ "i-flex Solutions targets co-op banksnews". The Hindu. January 11, 2002.
  24. ^ "Mandar to release single in Germany". Times of India. August 14, 2003.
  25. ^ Business India. A.H. Advani. 2004. pp. 69–70. Retrieved January 14, 2022.
  26. ^ Two of us. Pune. 2005. OCLC 1135234390. {{cite book}}: |website= ignored (help)CS1 maint: location missing publisher (link)
  27. ^ "Mandar Agashe : The Man Who Brought a Revolution in the Indian Digital Payment System". Your Tech Story. August 19, 2019. Agashe's musical career
  28. ^ "Agashe, others sent to judicial custody". Times of India. November 25, 2008.
  29. ^ "Pune coop bank in Rs 436-cr scam". Business Standard. 2008. Retrieved August 17, 2016.
  30. ^ "Fugitive run ends for economic fraud and dreaded gangster". The Indian Express. February 5, 2009.
  31. ^ "Mandar Agashe in police custody". DNA. May 2, 2009 – via National Library of Catalonia.
  32. ^ "Pay back time". Pune Mirror. February 5, 2009.
  33. ^ "Mandar Agashe's bail plea rejected". Times of India. March 7, 2009.
  34. ^ "IOB gets nod to acquire Pune-based co-op bank". Business Standard. February 3, 2009.
  35. ^ "Mandar will stay with cops". Pune Mirror. March 7, 2009. Retrieved January 19, 2022.
  36. ^ "Music Director Mandar Agashe Launches Asha Bhosle's "82" Pop Album". Marathi Cineyug. April 13, 2016.
  37. ^ "Asha Bhosale sings Suresh Bhat gajhals for her next album "82"". Star Marathi. April 12, 2016.
  38. ^ "Be alert when you shop online". Deccan Herald. November 1, 2018.
  39. ^ G, Sangeetha (March 19, 2019). "$34-billion FIS-WorldPay deal to impact fintech". Deccan Chronicle.
  40. ^ Surabhi (October 1, 2019). "At 95.5 cr, UPI transactions at a new high in September". Business Line.
  41. ^ "A Sensex-like index to measure how advanced India has become in digital payments". The Financial Express (India). February 6, 2020.
  42. ^ Sarang, Bindisha (November 6, 2020). "Mobile apps that help you set and meet your personal finance goals". Business Standard.
  43. ^ Nandi, Shreya (December 1, 2020). "UPI transactions rise 6.7% to 2.2 billion in November". Mint.
  44. ^ Thanawala, Hiral (August 2, 2021). "Four Changes That Will Impact Your Money From August". Money Control.
  45. ^ "e-RUPI a great opportunity to get unbanked people on to payment system: Experts". CNBC TV18. August 3, 2021.
  46. ^ Mali, Krishna (December 7, 2021). "Sarvatra Technologies MD & Vice Chairman Mandar Agashe on RBI Monetary Policy". TechGraph. Retrieved January 5, 2022.
  47. ^ Rebello, Maleeva (March 30, 2020). "Mandar Agashe says he'll consider making 50 per cent of his team work remotely post-lockdown". The Economic Times.
  48. ^ "लॉकडाऊनमध्ये साकारला म्युझिक अल्बम". Kesari (in Marathi). June 5, 2021.
  49. ^ "कविवर्य सुरेश भट यांच्या कवितांवर संगीताचे कोंदण". Lokmat (in Marathi). June 4, 2021.
  50. ^ "संगीतकार मंदार आगाशे यांनी लॉकडाऊनमध्ये साकारला म्युझिक अल्बम". Maharashtra Lokmanch (in Marathi). June 2, 2021.

Bibliography

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