Alok Bansal studied at IIM Calcutta and earned an engineering degree from Shri Shahu Ji Maharaj University in Kanpur. Before PolicyBazaar he worked at General Electric, Mahindra and Mahindra, and Capgemini.
In 2008 he co-founded PolicyBazaar with Yashish Dahiya and Avaneesh Nirjar. For years he served as co-founder and group chief financial officer.
PolicyBazaar became a unicorn in June 2018, and Tencent invested in 2019. PB Fintech listed on the NSE and BSE on 15 November 2021.
Bansal is now executive vice chairman of PB Fintech, the parent of PolicyBazaar and the lending marketplace Paisabazaar.