One of the India’s great mind & visionary business leader Rajeev Karwal has lost the battle to Covid.
He had been the foundation of sorts for @IMTAlum and one of the most senior alumnus of the college. We had the opportunity to listen to his inspiring words during our orientation at IMT in 2005. Gone too soon. pic.twitter.com/M54OxhEXf4
— Ranjith Kollannur (@Arby_K) May 12, 2021
Rajeev Karwal was the man who brought Robotics to India with homegrown Milagrow Robots like LG, Philip’s, Electrolux, He blazed a path everywhere he worked.
He started Milagrow in 2007 as a management consultancy firm and by 2012 the company moved into making robots for residential and industrial use.
Milagrow’s robots became more significant during Covid times as hospitals started using Milagrow’s humanoid to help doctors. The first hospital humanoid ELF was deployed in the advanced COVID-19 ward at AIIMS, Delhi to shield doctors and healthcare care workers from infecting the virus.
In his recent interviews, Rej revealed more about Milagrow’s growth which did well in the backdrop of the pandemic as the demand for robots increased for house help as well as for educational purposes.
Karwal’s career spanned over three decades as an entrepreneur. Crunchbase defines Karwal as “perhaps the only senior executive in Consumer Durables space in India to have had manufacturers view as well as that of a consumer electronics retailer.” In the early 2000s, Karwal rose as an entrepreneur and was referred to as the poster boy of the consumer durables industry.
Many people especially folks from the Tech industry are saddened to hear about Rajeev’s death have started pouring their heartfelt condolences on Twitter.
Rajeev Karwal is one of the few entrepreneurs who found a saviour in the pandemic. “In the last quarter, our revenue grew by 723 percent, year-on-year. For the full year, we expect revenues to jump five times,” says the founder of Milagrow Humantech.
How did the spectacular turnaround happen? Not just for the company, but also for Karwal, who just a little over a year ago, was thinking of quitting?
By 2019, Rajeev Karwal was on the verge of calling it quits. His 12-year-old foray into entrepreneurship, after an immensely successful stint as a professional, seemed to be heading towards an embarrassing failure.
Not that his idea had turned sour. In 2012, Milagrow Humantech seemed to have made a successful transition from being a management consultancy to becoming a leading player in India in making robots for residential and industrial use.
The growth may have been slow. But by Karwal’s own admission, he was not in the game to make a quick buck. He had already tasted success at the top, after being part of the senior management of leading electronics brands such as Onida, LG, Philips and Electrolux.
Tushar Kanwar said:
“Saddened to hear of the untimely passing of Rajeev Karwal, Truly a pillar of the Indian consumer electronics industry, Rajeev had played key roles at LG, Philips before he started @MilagrowRobots.
Always approachable and super friendly – @rajeevkarwal you will be missed.”