Rahul Garg

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Rahul Garg
Born
Faridabad, Haryana, India
NationalityIndian
EducationBtech-Electronic Engineering
Master of Business Administration (MBA)
Alma mater IIT Kanpur
The Indian School of Business (ISB)
OccupationEntrepreneur
TitleFounder & 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]

Contents

Early life and education

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. [6] He is currently enrolled in the Owner/President Management (OPM) program at Harvard Business School as part of Cohort 62. [5]

Career

Rahul Garg began his career in 2001 at Ittiam Systems in Bangalore. [7] He later held various leadership roles at Google, including Head of AdX for India, SEA, and Korea. [8] In 2015, Garg founded Moglix, [5] [9] initially as a business-to-business e-commerce company, [10] before expanding into enterprise procurement [11] and software as a service (SaaS) verticals. [12] [13] Garg met Ratan Tata during the same year, shortly before the launch of Moglix. [14] The first funding for Moglix was secured in October 2015 from Ratan Tata and Accel Partners. [2] [15]

Under Garg's leadership, Moglix had a presence in 35 cities by 2020. [16] [17] The company reached a valuation of $2.6 billion by 2022. [4] [18] In 2023, Moglix reportedly laid off up to 3% of its employees. [19] Garg also established the Moglix Foundation, the philanthropic arm of Moglix, which supports projects related to health, environment, and science. [20] [21] In September 2024, Moglix invested $50 million in its supply chain finance arm, Credlix. [22] 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

In 2018, Garg was included in Fortune's 40 Under 40 list. [5] [23] In 2019, he was awarded the Entrepreneur of the Year award at the Entrepreneur India Congress & Awards. [12] In 2021, Forbes Magazine recognized him as the Tycoon of Tomorrow, [24] and he also received the IITK Distinguished Alumnus Award. [25] In 2023, he was honored with the Most Impactful CEO award from Times Now. [12]

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References

  1. 1 2 "Rahul Garg left Google to transform manufacturing supply chain". The Times of India. 2023-02-17. ISSN   0971-8257.
  2. 1 2 "Can An Industrial Goods Platform Be Unicorn? It Takes Rahul Garg's Toolkit". Forbes India.
  3. ↑ "Ratan Tata-backed Moglix 13th unicorn in India this year". Business Today. 2021-05-17.
  4. 1 2 "B2B ecommerce startup Moglix valued at $2.6 billion after $250 million of funding". The Economic Times. 2022-01-28. ISSN   0013-0389.
  5. 1 2 3 4 5 "Meet Rahul Garg, founder of Moglix; Know about his journey, education, and more". Financialexpress. 2024-02-23.
  6. ↑ "Ratan Tata-backed Moglix joins unicorn club after $120 million fundraise". The News Minute. 2021-05-18.
  7. ↑ Ahmad, Samreen. "Tech in Asia - Connecting Asia's startup ecosystem". Tech in Asia.
  8. ↑ Dasgupta, Brinda (2017-04-25). "My first year at work: Rahul Garg, founder, Moglix". The Economic Times. ISSN   0013-0389.
  9. ↑ "Moglix valuation doubles to $2.6 billion in less than a year". Moneycontrol. 2022-01-28.
  10. ↑ Nair, Sulekha (2016-02-08). "Ratan Tata's 6th investment in 2016 is B2B platform Moglix; founder Rahul Garg 'extremely pleased'". Firstpost.
  11. ↑ Paintola, Bhupendra (2025-01-13). "Indian Startups Need To Tap Global Deeptech Market: Moglix CEO Rahul Garg". Inc42 Media.
  12. 1 2 3 Staff Reporter. "The Entrepreneurial Journey Of Moglix's Founder & CEO, Rahul Garg, And How He Built A Billion-Dollar B2B E-Commerce Company". Free Press Journal.
  13. ↑ "The 1-3-6 learning framework - Livemint". 2018-06-17. Archived from the original on 2018-06-17.
  14. ↑ Bhan, Shereen (2024-10-10). "The hands-on visionary: How Ratan Tata's guidance shaped the journeys of top Indian entrepreneurs - CNBC TV18". CNBCTV18.
  15. ↑ "Moglix launches supply chain finance platform Credlix". The Economic Times. 2021-02-15. ISSN   0013-0389.
  16. ↑ "Moglix expands in India, sets up supply chain in Assam, Goa". The Economic Times. 2020-11-10. ISSN   0013-0389.
  17. ↑ "Watch: Moglix CEO Rahul Garg on new frontiers, acquisitions". Techcircle. 2020-11-17.
  18. ↑ 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)
  19. ↑ "Moglix lays off up to 3% workforce". VCCircle.
  20. ↑ Balachandran, Manu (Dec 30, 2021). "Rahul Garg And Moglix: On A Mission To Impact 100 Million Lives By 2030". Forbes India.
  21. ↑ "Moglix's Rahul Garg launches philanthropic venture Mogli Foundation". MediaBrief. 2021-08-05.
  22. ↑ "Moglix invests $50 million in Credlix to fuel global supply chain finance expansion - CNBC TV18". CNBCTV18. 2024-09-22.
  23. ↑ "Rahul Garg - India's Young & Brightest Entrepreneurs in 40 Under 40 2019 - Fortune India". www.fortuneindia.com.
  24. ↑ Dass, Manisha Isa. "World Can No Longer Ignore India's Manufacturing Prowess: Forbes India Tycoons Of Tomorrow Rahul Garg". Forbes India.
  25. ↑ "Rahul Garg - Indian Institute of Technology Kanpur". iitk.ac.in.
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