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Mithun Sacheti Age, Wife, Family, Biography & More

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Hometown: Mumbai, India
Age: 45 Years
Wife: Anjali Rawat Sacheti

Mithun Sacheti

Bio/Wiki
NicknameMicky [1]Mithun Sacheti's LinkedIn Account
ProfessionBusinessman
Known forBeing the cofounder of the online jewelry marketplace, CaratLane
Physical Stats & More
Eye ColourBlack
Hair ColourBlack
Personal Life
Date of Birth26 January 1978 (Thursday)
Age (as of 2023)45 Years
BirthplaceMumbai, India
Zodiac signAquarius
NationalityIndian
HometownMumbai, India
College/University• Indian Institute of Management, Bangalore
• Sydenham College of Commerce and Economics, Mumbai
• Gemmological Institute of America, California (GIA)
Educational Qualifications• Indian Institute of Management, Bangalore (2010)
• Bachelor of Commerce at Sydenham College of Commerce and Economics, Mumbai
• Gemologist certification from the Gemological Institute of America, California (GIA) [2]Your Story
HobbiesTravelling, Reading jewelry related books
Relationships & More
Marital StatusMarried
Family
Wife/SpouseAnjali Rawat Sacheti
Mithun Sacheti's wife, Anjali Sacheti
ChildrenSon- Raghav Sacheti
Daughter- Mira Sacheti
Mithun Sacheti's mother with Mira and Raghav
ParentsFather- Padam Sacheti (businessman)
Mother- Manju Sacheti (businesswoman)
Mithun Sacheti with his parents and brother
SiblingsBrother- Siddharth Sacheti (businessman)
Favourites
SongPiano Man by Billy Joel
CharacterShohoi Juge
GemEmerald
CutPear
Money Factor
Net Worth (approx.)$ 2 Billion [3]The Times of India

Mithun Sacheti

Some Lesser Known Facts About Mithun Sacheti

  • Mithun Sacheti is an Indian entrepreneur. He is the co-founder and managing director of India’s first online jewellery store, CaratLane. Mithun is a certified gemologist from the Gemological Institute of America.
  • Mithun Sacheti belongs to a wealthy family in Mumbai. In 1974, Mithun’s parents founded Jaipur Gems in Mumbai.

    The logo of Jaipur Gems

    The logo of Jaipur Gems

  • In 2000, Mithun Sacheti started his own Jaipur Gems outlet in Chennai. Mithun, along with Avnish Avnand, co-founded an online jewellery store named CaratLane in 2008.

    A young Mithun Sacheti

    A young Mithun Sacheti

  • CaratLane focused on the growing market for affordable and easy-to-reach jewellery online. Afterwards, CaraLane turned into a brand that used both the internet and physical stores in Bengaluru, Delhi NCR, Hyderabad, Coimbatore, Chennai, and more cities.

    An outlet of Carat Lane in Mumbai

    An outlet of CaratLane in Mumbai

  • According to Mithun Sacheti, initially, his target customers were young women who were successful and could take care of themselves financially.
  • In 2015, in a media conversation, Mithun Sacheti stated that he wanted to do something different to flourish his business, and he found that the best solution was to use the internet to reach his customers. He said,

    I was a shopkeeper, I started from there. I decided I had to do something differently. The best way to do that was on the internet because you could reach more people online than anywhere else. On the Internet, people can discover a gamut of products sitting in their own homes. And the more they see, the more they buy.”

    A snippet of online products by CaratLane

    A snippet of online products by CaratLane

  • In February 2023, Mithun Sacheti talked about a dinner he had with Rakesh Jhunjhunwala, a well-known Indian businessman, also known as the Big Bull. According to Mithun Sacheti, this dinner compelled him to establish his own company, CaratLane, which later, earned him a huge success.
  • CaratLane is a part of Titan, and Titan’s ownership went up from 71.09 per cent to 98.28 per cent in August 2023. Titan brought about 62 per cent ownership of CaratLane in 2016 from its previous investors, Tiger Global.

    Carat Lane in partnership with Tata's TaniSHQ

    CaratLane in partnership with Tata’s TaniSHQ

  • In August 2023, Tata Group’s company, Titan, which sells watches and jewellery, announced on its online portals that it will buy an additional 27.18 per cent stake in Mithun Sacheti’s CaratLane. Reportedly, soon after the deal, Mithun Sacheti and his company earned Rs. 4621 crores in cash from this agreement. [4]Live Mint With this acquisition, Titan became the owner of 98.28 per cent shares in CaratLane. Reportedly, this is the second largest exit for a founder, following Sachin Bansal and Binny Bansal of Flipkart.
  • Mithun Sacheti likes enjoying alcoholic beverages occasionally.

    Mithun Sacheti (right) posing with a bottle of beer

    Mithun Sacheti (right) posing with a bottle of beer