Indians are leading worldwide roles in some of the world’s largest businesses, from Google’s Sundar Pichai to Microsoft’s Satya Nadella, Adobe’s Shantanu Narayen to IBM’s Arvind Krishna. India boasts the world’s biggest expatriate and a massive source of IT expertise that serves some of the world’s most prestigious corporations.
People over social media went gaga on 29th November 2021, as one more hero joined this list. When former Twitter CEO Jack Dorsey abruptly stepped down on Monday, he handed the reins to Parag Agrawal, a software engineer who has worked closely with Dorsey in establishing 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. Know more about this gentleman, in this article……..
Parag Agrawal – Early Life:—
Parag Agarwal was born in India in the year 1976. Vinita Agrawal is Parag Agrawal’s wife. Anamika Agrawal is Parag Agrawal’s daughter.
Parag Agrawal graduated with honours from the Atomic Energy Central School (AECS). He then subsequently travelled to Mumbai to pursue his bachelor’s degree in engineering at the India Institute of Technology (IIT).
Recently IIT Bombay also recognized and valued its alumni for their contributions to the world of technology. He moved on to Stanford University to earn his PhD degree after graduating from college. While at Stanford, Parag Agarwal interned at various technology giants like Microsoft, Yahoo, and AT&T Labs and gained good 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 afterwards moved on to Artificial Intelligence. On March 8th, 2018, Parag Agarwal was named as Chief Technology Officer (CTO) of Twitter.
His early work as CTO focused on using artificial intelligence to improve the relevancy of tweets in the Twitter timeline. Parag Agarwal has been named the next CEO of Twitter, just ten years after joining the company.
Parag Agrawal – 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 yearly remunerations and $12.5 million in stock compensation as CEO of Twitter, according to the company.
Parag Agrawal – Journey with Twitter:—
In an email to Twitter employees, Agrawal said that the company had much less than 1,000 employees while 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, he has targeted on machine learning and different technological breakthroughs which have allowed it to bring out new features and products more swiftly.
The board of Twitter, according to sources, have been searching for a full-time CEO for the social media business for the past year. Jack Dorsey co-founded Twitter in 2006 and served as its CEO till 2008 while he was fired. After former CEO Dick Costolo left in 2015, he returned to the company as an executive.
Parag posted a announcement expressing his thanks, writing, “Thank you very much, Jack. I’m both honoured and humbled by this. And I respect your non-stop mentoring and friendship “..
Agrawal reflected on his experience on the company, saying, “Right now, the world is looking 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 performed a key position in Twitter’s adoption of the technology.
According to his thesis adviser, Parag turned into born in Mumbai and has a sturdy know-how of arithmetic in addition to enjoy operating with huge datasets.
According to a New York Times storey citing Silicon Valley insiders, Parag is “quiet, courteous, profoundly technical, and passionate about an internet where power and control are given back to people,” exactly like Jack Dorsey.
At the 2001 International Physics Olympiad in Turkey, Agrawal received a gold medal.
Parag is an adventurer who loves to do 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 77thrank in his IIT JEE exams.
Why Parag Agrawal has been Appointed a CEO now?
At a time when Twitter is actively seeking new ways to expand its user base, Agarwal’s appointment comes at an opportune moment for him. By the end of 2023, the company expects to have 315 million DAUs (Daily Active Users) and expect to have more than doubled its annual revenue.
He takes over as CEO at a time when the corporation has been criticized by investors for failing to create a new monetisable product in years, prompting the announcement of the 2023 plan.
Conclusion:—
The promotion of Parag Agrawal, Twitter’s former Chief Technological Officer, underscores the importance of immigrants in the world’s leading technology organisations.
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.
Agrawal has kept a quiet profile thus far, concentrating his knowledge in product development and market research. Before becoming CTO, he was recognised as Twitter’s first notable engineer for his contributions to audience growth and revenue.
Now that he’s the CEO, he’ll have to navigate a friendlier path with India if he wants to achieve his ambitions of growing Twitter’s reach.
Courtesy:— StartupTAlky