Overview
Moglix, operating as Mogli Labs (India) Private Limited and headquartered in Noida, Uttar Pradesh, announced continued top‑line growth for fiscal year 2026. The company reported revenue expansion across its core markets of India, the Middle East and West Africa, underscoring its status as one of Asia’s largest B2B industrial commerce and deep‑tech platforms that serve manufacturers and enterprises.
Financial Performance
For FY26 the firm achieved a 16.3 % year‑on‑year increase in gross profit margin, reflecting its focus on margin enhancement. This improvement enabled a substantial reduction in operating losses, measured after excluding non‑cash and non‑operating items. The press release did not disclose the absolute revenue or loss figures.
Management Commentary
Founder and Chief Executive Officer Rahul Garg said, “In a demanding year for businesses everywhere, our customers, suppliers and teams stood with us. This performance reflects their trust.” He added that Moglix continues to build resilience, strengthen unit economics and grow gross merchandise value (GMV).
Company Background
Founded in 2015 by Rahul Garg, Moglix has grown into a unicorn that combines manufacturing, industrial supply‑chain solutions and enterprise AI. The platform operates in India and internationally, covering the Middle East and West Africa.
Disclaimer
The release was distributed through Business Wire India under an arrangement with the company; PTI does not assume editorial responsibility.