Indians are leading worldwide roles in some of the world’s largest businesses, from Google’s Sundar Pichai to Microsoft’s Satya Nadella, from Adobe’s Shantanu Narayen to IBM’s Arvind Krishna.
India has the most people living abroad and a huge pool of IT experts who work for some of the most prestigious companies in the world.
People on social media went gaga on November 29, 2021, as one more hero joined this list. When former Twitter CEO Jack Dorsey left the company suddenly on Monday, he gave control to Parag Agrawal, a software engineer who had worked closely with Dorsey to plan the company’s future.
Dorsey’s faith in Agrawal as CEO is “bone-deep,” the departing CEO said in an email to staff on Monday. “Given how completely he understands the firm and its requirements, he’s been my choice for some time,” Dorsey stated. Learn more about this gentleman in this article.
Parag Agrawal, Early Life:
Parag Agarwal was born in India in 1976. Vinita Agrawal is Parag Agrawal’s wife. Anamika Agrawal is Parag Agrawal’s daughter.
Parag Agrawal graduated with honors from the Atomic Energy Central School (AECS). He then subsequently traveled to Mumbai to pursue his bachelor’s degree in engineering at the India Institute of Technology (IIT).
IIT Bombay’s alumni who have made important contributions to the world of technology have also recently been honored and valued by the school. He moved on to Stanford University to earn his PhD degree after graduating from college. Parag Agarwal did internships at Microsoft, Yahoo, and AT&T Labs while he was at Stanford, which gave him a lot of hands-on industry experience.
Parag Agrawal, Career:
Parag Agrawal began working at Twitter in 2011 after working as a student for firms such as Microsoft, AT&T, and Yahoo.
Initially, Parag Agarwal focused on advertising-related goods. He then moved on to artificial intelligence. On March 8th, 2018, Parag Agarwal was named Chief Technology Officer (CTO) of Twitter.
In his early days as CTO, he worked on improving the timeliness of tweets by using AI to make them more relevant. Parag Agarwal has been named the next CEO of Twitter, just ten years after joining the company.
Parag Agrawal’s Salary and Net Worth:
Parag’s net worth is estimated to be $1.52 million. He will be worth millions of dollars in no time thanks to the significant rise in his basic income and bonuses.
Parag will get $1 million in yearly remunerations and $12.5 million in stock compensation as CEO of Twitter, according to the company.
Parag Agrawal: A Journey with Twitter
In an email to Twitter employees, Agrawal said that the company had much fewer than 1,000 employees when he started. He wrote, “I’ve walked in your shoes; I’ve seen the ups and downs, problems and barriers, successes and blunders.”
As Twitter attempts to shake off a reputation for being slow to develop, it has targeted machine learning and different technological breakthroughs that have allowed it to bring out new features and products more swiftly.
According to sources, Twitter’s board of directors has been looking for a full-time CEO for the social media company for the past year. Jack Dorsey co-founded Twitter in 2006 and served as its CEO until 2008, when he was fired. After former CEO Dick Costolo left in 2015, he returned to the company as an executive.
Parag posted an announcement expressing his thanks, writing, “Thank you very much, Jack. I’m both honored and humbled by this. And I respect your non-stop mentoring and friendship.
Agrawal reflected on his experience with the company, saying, “Right now, the world is looking at us much more than before.” “Let’s exhibit Twitter’s complete capability to the rest of the world.”
Parag Agrawal, unknown facts:
He is a machine-learning professional who has played a key role in Twitter’s adoption of the technology. His thesis adviser says that Parag was born in Mumbai and that he has a strong grasp of math and enjoys working with large datasets.
Silicon Valley insiders told the New York Times that Parag is “quiet, polite, deeply technical, and passionate about an internet where power and control are given back to the people.” This describes Jack Dorsey perfectly.
At the 2001 International Physics Olympiad in Turkey, Agrawal received a gold medal. Parag is an adventurer who loves to go skiing and hiking. Along with that, he is fond of trying new dishes and eating a variety of food.
Even though Parag lives in the US, he celebrates all the major Indian festivals, like Holi and Diwali. Bollywood’s famous singer Shreya Ghoshal is reportedly known to be Parag’s classmate.
Parag is an avid cricket lover and loves to watch cricket matches in the stadium. As per unknown sources, Parag secured a 77th rank in his IIT JEE exams.
Why has Parag Agrawal been appointed CEO now?
Agarwal’s appointment comes at a good time for him, since Twitter is looking for new ways to get more people to use it. By the end of 2023, the company expects to have 315 million DAUs (daily active users) and have more than doubled its annual revenue.
Investors have been upset with the company for years because it hasn’t come up with a new product that can be sold. This is what led to the announcement of the 2023 plan.
The promotion of Parag Agrawal, who used to be Twitter’s Chief Technological Officer, shows how important immigrants are in the top technology companies around the world.
He joins Microsoft Corp.’s Satya Nadella, Adobe Inc.’s Shantanu Narayen, International Business Machines Corp.’s Arvind Krishna, and Alphabet Inc.’s Sundar Pichai as the highest-profile executives of Indian-origin companies in the United States.
So far, Agrawal has kept a low profile and focused his skills on product development and market research. Before he became CTO, he was known as Twitter’s first important engineer, helping the company grow its audience and make money.
Now that he’s CEO, he’ll have to be more friendly with India if he wants to grow Twitter’s reach, which is one of his goals.