Moglix was founded with a mission to transform procurement and supply chain processes with a technology-first approach. Founder Rahul Garg has spearheaded the transformation of traditional unorganized procurement methods into his digital B2B e-commerce company.
Beginnings and the journey of entrepreneurship
Rahul Garg, founder and CEO of Moglix, hails from Faridabad, Haryana and was born to SK Garg and Indu Garg. He completed his schooling from Apeejay School, Faridabad and spent his formative years at Carmel Convent School. Garg actively participated in sports during his school days, especially badminton and basketball, which greatly influenced his leadership skills.
An alumnus of IIT Kanpur, Garg completed his MBA from the Hyderabad International School of Business, where he achieved top rank and was recognized as a distinguished scholar. Additionally, he is currently enrolled in Harvard Business School's Owner/President Management Program as part of Cohort 62. Before venturing into entrepreneurship at Moglix, he held various positions at Google, including his head of AdX in India, Southeast Asia and South Korea. He has held strategic roles across the APAC region, including Head of Sales Strategy and Operations for Mobile, Media and Platforms and Head of Search Solutions. Garg has accumulated diverse professional experience across a variety of industries and roles. His career also gave him the opportunity to travel extensively for work-related projects, which ultimately paved his path as an entrepreneur.
Moglix growth story
Rahul founded Moglix as a B2B technology-driven venture in 2015 and has since grown it into a $1 billion company serving national and international customers. His Garg's strategic approach to scaling the venture included breaking away from the traditional structure and introducing effective policies to increase transparency and efficiency in the procurement process. Moglix has emerged as a comprehensive solution for sourcing and managing industrial products.
Garg's unwavering determination, deep business understanding and strategic market approach have driven Moglix's growth both domestically and internationally. Over time, Moglix has emerged as a symbol of innovation and technology, and in 2021, Garg was recognized as a 'Tycoon of Tomorrow' by Forbes magazine and received the 'Most Influential CEO' award from Times Now. In 2018, he was named to Fortune magazine's 40 Under 40 list. He was recognized in the same year by winning the Business World Young Entrepreneur Award at the Young Entrepreneur Summit & Awards. In 2019, he was named Entrepreneur of the Year at the Entrepreneur India Congress & Awards. Currently, Rahul Garg heads the CII Delhi Startup Committee and co-chairs the CII Unicorn Forum. Mr. Garg started his Moglix with a small investment of Rs 100 crore. He invested $500,000, and by 2023, the venture had attracted many investors and transformed into a multi-billion dollar company.
Published on: Friday, March 29, 2024, 4:19 PM IST