Lenskart CEO Apologizes to the CA Fraternity over his remarks on Shark Tank India



Quick Summary
Lenskart CEO Peyush Bansal has issued an apology to the Chartered Accountant (CA) fraternity following remarks made on Shark Tank India. During an episode aired on January 8th, 2022, Bansal advised entrepreneurs to "stay away from chartered accountants," which caused significant backlash from CAs on social media, leading to calls for boycotts and a petition to remove him from the show. Bansal clarified that his comment was intended as a light-hearted jest and was taken out of context, highlighting his own reliance on CAs within his personal and professional life.

INTRODUCTION On Friday 8th January 2022, Lenskart CEO Peyush Bansal, was broadcasted saying, Ek advice hai, CA se durr raho (a piece of advice, stay away from chartered accountants) on the show Shark Tank India. Shark Tank India is an Indian business reality television series that airs on SET India. Bansal made the comment after finalizing an investment deal with the founders of PNT Robotics, offending the CA Fraternity. The enraged professionals took to social media opposing the comment w
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FAQ :

Peyush Bansal advised entrepreneurs on the show to "stay away from chartered accountants" (Ek advice hai, CA se durr raho).

The comment offended the CA fraternity, who took to social media to express their opposition, using slogans like 'No To Lenskart' and 'Boycott Lenskart'.

Professionals expressed outrage on social media, started a petition on Change.Org to remove Peyush Bansal from Shark Tank India, and garnered significant support.

Bansal issued an apology on January 10th, 2022, stating his comment was made in jest, intended to promote entrepreneurship, and was taken out of context.

Yes, Bansal mentioned that his father, sister, first investor, and company CFO are all CAs, and he is dependent on them.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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