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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

December - 2007 - issue > Movers and Shakers

Investing in technology

Vimali Swamy
Thursday, November 29, 2007
Vimali Swamy
With more than 20 years’ experience in high technology, Devesh Garg, who recently took over as Managing Director, Bessemer Venture Partners, India, has invested in, advised, and managed companies across all stages of development. In his 21 year long career, Garg has had stints at LSI Logic, National Semiconductor, Bechtel, Raychem, Tilera, and Broadcom before he joined Bessemer Venture Partners. At that time Broadcom was comparatively a very small organization and during his tenure the company grew from a startup with revenues of $1 billion to a global player with market capitalization of approximately $20 billion. He believes that hard work, passion, and focus can take you miles ahead in your life and advises young professionals to set their goals right and stay focused till the goals are achieved.

Though joining Bessemer is a shift from technology to investment, Garg says that his previous experience in technology will, in fact, aid him in making better judgments while investing in the IT companies. Bessemer recently closed its latest fund, BVP VII, with $350 million earmarked for investment in India. It initiated its India practice in 2003 and has invested in 14 Indian companies to date, some of which are BA Systems, Lloyd Electric and Engineering, Shriram EPC, Rico Auto Industries and others.

An electrical engineering graduate from San Jose State University and an M.B.A. from Santa Clara University, Garg has spent much of his time in the U.S. and recently shifted back to India to join Bessemer and to facilitate his family to stay connected to the Indian
culture. A father of two, Garg loves spending time with his family and enjoys reading nonfiction and playing basketball.

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