Rahul Garg
Rahul Garg | |
|---|---|
| Born | Faridabad, Haryana, India |
| Nationality | Indian |
| Education | Btech-Electronic Engineering Master of Business Administration (MBA) |
| Alma mater | IIT Kanpur The Indian School of Business (ISB) |
| Occupation | Entrepreneur |
| Title | Founder & CEO of Moglix |
Rahul Garg is an Indian entrepreneur and the founder of Moglix, an ecommerce platform for industrial goods and equipment headquartered in Singapore.[1] Moglix operates in regions such as India, the USA, the UK, Mexico, UAE and Europe.[2] In 2021, Moglix was recognized as a unicorn company in India.[3] By 2022, its valuation was reported to be $2.6 billion.[4] Prior to founding Moglix, Garg worked at Google in Singapore, where he held the position of Head of ADX (APAC).[5]
Early life and education
[edit]Rahul Garg was born in Faridabad, Haryana. His father, SK Garg, served as an executive director at C&S Electric. Garg completed his secondary education at Apeejay School in Faridabad. He earned a Bachelor's degree in Electrical Engineering from IIT Kanpur in 2001 and later obtained an MBA in marketing from the Indian School of Business (ISB) in Hyderabad. He is currently enrolled in the Owner/President Management (OPM) program at Harvard Business School as part of Cohort 62.[5]
Career
[edit]Rahul Garg began his career in 2001 at Ittiam Systems in Bangalore. He later held various leadership roles at Google, including Head of AdX for India, SEA, and Korea.[6] In 2015, Garg founded Moglix,[5][7] initially as a business-to-business e-commerce company, before expanding into enterprise procurement and software as a service (SaaS) verticals.[8][9] The first funding for Moglix was secured in October 2015 from Ratan Tata and Accel Partners.[10][11]
Under Garg's leadership, Moglix had a presence in 35 cities by 2020.[12][13] The company reached a valuation of $2.6 billion by 2022.[4][14] In 2023, Moglix reportedly laid off up to 3% of its employees.[15] Garg also established the Moglix Foundation, the philanthropic arm of Moglix, which supports projects related to health, environment, and science.[16][17] In September 2024, Moglix invested $50 million in its supply chain finance arm, Credlix.[18] He holds 16 US patents in wireless technology, digital networks, and analytics[1]and serves as the co-chairman of the CII Unicorn Forum.[5]
Awards and achievements
[edit]In 2018, Garg was included in Fortune's 40 Under 40 list.[5] In 2019, he was awarded the Entrepreneur of the Year award at the Entrepreneur India Congress & Awards.[8] In 2021, Forbes Magazine recognized him as the Tycoon of Tomorrow,[19] and he also received the IITK Distinguished Alumnus Award.[20] In 2023, he was honored with the Most Impactful CEO award from Times Now.[8]
References
[edit]- ^ a b "Rahul Garg left Google to transform manufacturing supply chain". The Times of India. 2023-02-17. ISSN 0971-8257.
- ^ "Can An Industrial Goods Platform Be Unicorn? It Takes Rahul Garg's Toolkit". Forbes India.
- ^ "Ratan Tata-backed Moglix 13th unicorn in India this year". Business Today. 2021-05-17.
- ^ a b "B2B ecommerce startup Moglix valued at $2.6 billion after $250 million of funding". The Economic Times. 2022-01-28. ISSN 0013-0389.
- ^ a b c d e "Meet Rahul Garg, founder of Moglix; Know about his journey, education, and more". Financialexpress. 2024-02-23.
- ^ Dasgupta, Brinda (2017-04-25). "My first year at work: Rahul Garg, founder, Moglix". The Economic Times. ISSN 0013-0389.
- ^ "Moglix valuation doubles to $2.6 billion in less than a year". Moneycontrol. 2022-01-28.
- ^ a b c Reporter, Staff. "The Entrepreneurial Journey Of Moglix's Founder & CEO, Rahul Garg, And How He Built A Billion-Dollar B2B E-Commerce Company". Free Press Journal.
- ^ "The 1-3-6 learning framework - Livemint". 2018-06-17. Archived from the original on 2018-06-17.
- ^ "Can An Industrial Goods Platform Be Unicorn? It Takes Rahul Garg's Toolkit". Forbes India.
- ^ "Moglix launches supply chain finance platform Credlix". The Economic Times. 2021-02-15. ISSN 0013-0389.
- ^ "Moglix expands in India, sets up supply chain in Assam, Goa". The Economic Times. 2020-11-10. ISSN 0013-0389.
- ^ "Watch: Moglix CEO Rahul Garg on new frontiers, acquisitions". Techcircle. 2020-11-17.
- ^ Inc42, Team (2024-02-29). "Moglix Has Desh Wapsi On The Cards As It Eyes 2027 Public Listing". Inc42 Media.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "Moglix lays off up to 3% workforce". VCCircle.
- ^ Balachandran, Manu (Dec 30, 2021). "Rahul Garg And Moglix: On A Mission To Impact 100 Million Lives By 2030". Forbes India.
- ^ "Moglix's Rahul Garg launches philanthropic venture Mogli Foundation". MediaBrief. 2021-08-05.
- ^ "Moglix invests $50 million in Credlix to fuel global supply chain finance expansion - CNBC TV18". CNBCTV18. 2024-09-22.
- ^ Dass, Manisha Isa. "World Can No Longer Ignore India's Manufacturing Prowess: Forbes India Tycoons Of Tomorrow Rahul Garg". Forbes India.
- ^ "Rahul Garg - Indian Institute of Technology Kanpur". iitk.ac.in.