Sandy K Chandra speaks about the passion towards people, the fundamental on which MGL has been operating since its inception. “MGL is an IP focused technology solutions and services company and people are the roots of its innovation,” says Chandra, Chairman and CEO, MGL.

Founded by the iconic leader V Krishnamurthy( former head of Maruthi Udyog) in 1981 as a technology provider for the manufacturing industry, MGL today is a trusted vendor of technology and software services and solutions in several industry verticals such as Healthcare, Education, Telecom, Manufacturing and more. From its very beginning, MGL has been making astounding strides in terms of developing technology and finding innovative ways to serve its customers. “We do not just deliver technology solutions but rather provide our clients with revolutionary and ingenious ways of solving their most pressing business problems,” explains Chandra. The company develops patented technology solutions or software products that it tailors to each of its client’s requirements, thereby giving a personalized touch to every engagement. MGL is the innovation partner of choice for several blue-chip firms across the globe. “We deliver proprietary products, frameworks, and solutions with the clear objective of becoming a trusted partner of our clients. Year-on-year Gartner has been recognizing us for our undying and exceptional commitment towards our customers,” explains Chandra.

Having been a strong runner in the industry MGL has witnessed many ups and downs, but it met its first business challenge during the dot com era in early part of this decade. Like many who were affected by the dot com bust, MGL too was hard hit. Chandra, who then was an investor in the company, took a gamble when he invested all his savings in the company and took the helm as its CEO. In a span of 6 years, he not only managed to revive MGL’s business but also established its position as a technology expert across several verticals. At 600 percent growth, the company currently is riding on annual revenues of nearly $250 million, 5 times more than its revenue during the dot com slowdown. Today, MGL not only boasts of a clientele that includes several top notch companies from various sectors but also is a proud owner of patented products such as wealth management and risk management solutions. From a successful business engagement with C-Sam, a Sam Pitroda company, to three of the world’s top 10 largest banks deploying its wealth management and trading solutions, MGL has been setting milestones along its business journey.

Chandra attributes a large part of the company’s success to its 3,500 strong team. MGL deploys a distributed entrepreneurship model by which each member is encouraged to nurture his or her project as their own business, thereby ensuring dedication and much more passion from the employees. Also, separate project heads are given free reign to innovate and bring the best out of their respective projects. “I believe that it is up to a leader to pave the path for others, hence innovation in the organization starts with me,” says Chandra. A risk taker, Chandra continuously invests in uncharted areas of business. His current business muse is healthcare and life sciences. He is betting heavily on the business that can be tapped from these areas.

Having turned around the business affairs at MGL Chandra has several growth plans for the company, especially now that the company is silently tiding over the economic slowdown. In spite of the market conditions, MGL has been expanding both in terms of its line of business and resources. The only challenge has been tapping sources of working capital, but Chandra feels that it wouldn’t be long before it is overcome, as the market revives.