Mandar Agashe

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Mandar Agashe
Born
Mumbai, Maharashtra, India
Alma materPune Institute of Computer Technology (B. E.)
Spouse(s)
Jiza Agashe (née Aparna Pandharkar)
​
​
(m. 1996)​
Children2
Parent(s)Dnyaneshwar Agashe (father) and Rekha Gogte (mother)
Musical career
GenresPop, rock
Years active1996–present
LabelsSony BMG
Associated actsAsha Bhosle, Rahul Deshpande

Mandar Agashe (Marathi: मंदार आगाशे; IAST: Maṃdāra Āgāśe) 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.

Biography[]

Early life and family[]

Agashe was born on May 24, 1969 in Mumbai, Maharashtra, into an aristocratic and entrepreneuial Chitpavan brahmin family of industrialist Dnyaneshwar Agashe of the Agashe gharana of Mangdari,[1] and wife Rekha Gogte, of the 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]

Business career[]

In 1994, Agashe became a director at his grandfather's Brihan Maharashtra Sugar Syndicate, and his father's Suvarna Sahakari Bank.[11] He founded a number of companies - Brihans Pharmaceuticals, an ayurvedic medicine company in 1998;[12] musiccurry.com, an online radio company in 1999;[13] Sarvatra Technologies, a company that developed banking software for Suvarna Sahakari Bank, in 2000;[14][15] financial technology companies, EBZ Online and Codito Technologies, in 2000[16]

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.[17]

Suvarna Sahakari Bank case[]

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.[18] 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.[19] Agashe was in Germany at the time of the arrests, returning to India for his father's funeral in January 2009.[20]

Agashe was in judicial custody in February till May 2009.[21] After his father's death, Agashe was approached by former depositors of the bank for repayment of defaulted loans.[22] 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.[23] The bank was eventually dissolved and merged with the Indian Overseas Bank in April 2009.[24] He was subsequently released on bail on March 11 that same year.[25]

Musical career[]

In April 2016, he music directed an western pop album of Suresh Bhat's ghazals in Marathi with Asha Bhosle called 82.[26] The album was titled after Bhosle's age at the time of recording.[27]

Discography[]

As a solo artist[]

  • Achanak (1997)[26]
  • Nazar Nazar (1998)[28]
  • I Need Someone (2003)[29]
  • F. C. Road (2005)[30]
  • Jaan Le (2005)[31]

As music director[]

References[]

  1. ^ Ranade 1974, pp. 59–60, 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.
  6. ^ Kelkar, Bhaskar; Kelkar, Govind; Kelkar, Yashwant (1993). Kelkar Kulavruttant. Thane. p. 82, 89.
  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. ^ "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. ^ 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.
  13. ^ Business World. Cornell University: Ananda Bazar Patrika Limited. July 2000. pp. 24, 55–56.
  14. ^ "Mandar Agashe, Founder, MD and Vice Chairman, Sarvatra Technologies". SMEChannels. February 2, 2021.
  15. ^ "New software boon for co-op. bank clients". The Times of India. July 25, 2003.
  16. ^ Business India. A.H. Advani. 2004. pp. 69, 70.
  17. ^ "i-flex Solutions targets co-op banksnews". The Hindu. January 11, 2002.
  18. ^ "Agashe, others sent to judicial custody". Times of India. November 25, 2008.
  19. ^ "Pune coop bank in Rs 436-cr scam". Business Standard. 2008. Retrieved August 17, 2016.
  20. ^ "Fugitive run ends for economic fraud and dreaded gangster". The Indian Express. February 5, 2009.
  21. ^ "Mandar Agashe in police custody". DNA. May 2, 2009 – via National Library of Catalonia.
  22. ^ "Pay back time". Pune Mirror. February 5, 2009.
  23. ^ "Mandar Agashe's bail plea rejected". Times of India. March 7, 2009.
  24. ^ "IOB gets nod to acquire Pune-based co-op bank". Business Standard. February 3, 2009.
  25. ^ "Mandar will stay with cops". Pune Mirror. March 7, 2009. Retrieved January 19, 2022.
  26. ^ a b Mathur, Barkha (April 21, 2016). "Asha renders six Suresh Bhat ghazals to western tunes". Times of India.
  27. ^ "Asha Bhosale sings Suresh Bhat gajhals for her next album "82"". Star Marathi. April 12, 2016.
  28. ^ Kharade, Pallavi. "Singing a solo tune". Pune Times. Archived from the original on December 25, 2017. Retrieved January 5, 2022.
  29. ^ "Mandar to release single in Germany". Times of India. August 14, 2003.
  30. ^ Two of us. WorldCat. Pune. 2005. OCLC 1135234390.
  31. ^ "Mandar Agashe : The Man Who Brought a Revolution in the Indian Digital Payment System". Your Tech Story. August 19, 2019. Agashe's musical career
  32. ^ "Music Director Mandar Agashe Launches Asha Bhosle's "82" Pop Album". Marathi Cineyug. April 13, 2016.
  33. ^ "लॉकडाऊनमध्ये साकारला म्युझिक अल्बम". Kesari (in Marathi). June 5, 2021.

Bibliography[]

External links[]

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