Kanwal Rekhi

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Kanwal Rekhi
Kanwal Rekhi.jpg
Kanwal Rekhi speaking on Entrepreneuralism at IIM Bangalore on 23 Sep 2013.
Born Kanwal Rekhi
1945 (age 68–69) [1]
Rawalpindi, Pakistan
Residence San Francisco, California, US[2]
Nationality Indian American
Alma mater Indian Institute of Technology Bombay, BS
Michigan Technological University, MS Electrical engineering
Occupation Managing Director at Inventus Capital Partners
Years active 1982–present
Known for Co-Founder of Excelan, Co-Founder of TiE, Venture Capitalist, EVP of Novell
Awards Arthur-Young/Venture Magazine Entrepreneur of the Year, 1987
Bina Chaudhuri Award for Distinguished Service by California Institute of Integral Studies
Website
inventuscap.com/team/kanwal-rekhi/

Kanwal Rekhi (born 1945) is an Indian-American businessman, Venture Capitalist Angel investor and Entrepreneur, currently serving as the Managing Director at Inventus Capital Partners. Kanwal is credited as the first Indo-American Founder & CEO to take a venture-backed company public on the NASDAQ.[3]

Early life[edit]

Kanwal was born in Rawalpindi (then in British India, now in Pakistan). After the partition of India, his family settled in Kanpur, India. In 1967 Rekhi graduated as an electrical engineer from the Indian Institute of Technology Bombay, India and in 1969 he received a Master of Science degree from Michigan Technological University. Kanwal earned honorary doctorates in both Business and Engineering from the Michigan Technological University.

Career[edit]

Entrepreneur & Industry Executive[edit]

Rekhi had worked as an engineer, systems analyst, and manager before venturing into business. At the age of 36, he moved to San Jose, California and co-founded Excelan in 1982, a manufacturer of smart Ethernet, and was named President and CEO in 1985. The company went public on the NASDAQ in 1987, and merged with Novell in 1989. Kanwal remained at Novell as an Executive Vice President and the Chief Technology Officer of the company, later joining the Board of Directors. Kanwal retired from Novell in 1995.[4] After leaving Novell, Kanwal also served as the CEO at CyberMedia from January 1998 until its merger with Network Associates (now McAfee) in September 1998.

Venture Investor[edit]

In 1994, Kanwal became a full-time Angel investor, investing in more than 50 startups of which he led the initial financing and was a member of the board of directors for 23 companies. His venture financings have resulted in 21 exits including 6 IPOs to date. Also active in Indian Public policy related to venture, Kanwal advised India government policy makers in reforming venture regulations. This encouraged fund formation in India, and Kanwal was the founding limited partner behind Infinity Capital-India a successful early-stage India venture fund.[5]

In 2007, Kanwal co-founded Inventus Capital Partners, and currently serves as Managing Director. During his time at Inventus, Kanwal has invested in companies including GENWI, Salorix, Poshmark, and Sierra Atlantic (acquired by Hitachi Consulting).

India Entrepreneurial Leader[edit]

In 1995, Kanwal Rekhi co-founded TiE, The Indus Entrepreneurs, a nonprofit support network to provide advice, contacts, and funding to Indian Americans hoping to start businesses. Apart from the services to the company, he also acted as an expert in advising the Prime Minister of India and his government for laying the foundation for the country's Information technology expansion. Kanwal has served as a trustee on the global board of TiE. He is also a former Chairman of the Centre for Civil Society.[6]

Philanthropy[edit]

Kanwal has contributed in increasing the profile of educational institutions in India and contributed $5 million to Michigan Tech in 2000, to boost up computer science facilities in India.[7] To help set up a new School of Information Technology, Kanwal Rekhi donated $3 million to IIT Bombay.[8]

Awards and Accolades[edit]

Kanwal was felicitated with 2010 Haridas and was also conferred Bina Chaudhuri Award for Distinguished Service by California Institute of Integral Studies. He was also awarded the Entrepreneur of the Year in 1987 by the Arthur-Young/Venture magazine.[9] He was also appointed to the Board of Advisors to the President of Michigan Tech.

References[edit]

  1. ^ "Kanwal Rekhi on I Love India". Retrieved January 22, 2014. 
  2. ^ "Kanwal Rekhi on LinkedIn". Retrieved January 22, 2014. 
  3. ^ Parikh, Runa Mukherjee (September 21, 2013). "Entrepreneurship is tapasya". The Times of India. Retrieved January 22, 2014. 
  4. ^ "Novell Announces Departure of Kanwal Rekhi from Board of Directors". Novell. September 1, 1995. Retrieved January 22, 2014. 
  5. ^ "Kanwal Rekhi". Inventus Capital Partners. Retrieved January 22, 2014. 
  6. ^ "Bio details at Centre for Civil Society". Centre for Civil Society. 
  7. ^ "Rekhis Give $5M To Michigan tech". Michigan Tech. June 20, 2000. Retrieved January 22, 2014. 
  8. ^ Chair Professors at IIT Bombay. Bombay: Indian Institute of Technology. 2010. pp. 4,45. 
  9. ^ Pragati Verma (January 7, 2003). "Rekhi dons CEO hat in Net automation firm". The Economic Times. Retrieved January 22, 2014. 

External links[edit]