ng a difference to the lives of thos e - ey - united · pdf fileng a difference to the lives...

ising also courageous voyagers of ng a difference to the lives of thoses who turns the reality into exceptiop people achieves their potential oe excellence and passion in peoplept Ideas. Innovation. Inspiration. malysts for and genius engineers of oho turns the reality into people andptional energy foresight of our timterprising also courageous voyage

ng a difference to the lives of those

Founded and produced by

2016 India

1 Award60 countries

145 cities

The country’s most eminent and celebrated

business minds will come together to honour those who

moved us all with their

Ideas. Innovation. Inspiration.

Awards Banquet: Friday, 24 February 2017

6:30 p.m. onwards Taj Palace Hotel, New Delhi

What strikes me about our 2016 Finalists is how they have acquired tremendous scale

and size from what were clearly modest beginnings. A strong focus on the customer

and a business model based on innovative products and services for niche markets have enabled them to create a lasting impact. Also,

reliance on technology and a bold vision for the future has helped them scale up rapidly.

Foreword2016 deeply entrenched innovation and disruption as a way of life. Be it the rise of new technologies, geo-political shifts or regulatory developments, businesses the world over are dealing with unprecedented change. Never before has there been such a need for new ideas and innovation and more importantly, resilience to succeed in an ever-changing world. At EY, these are the very attributes we celebrate each year with our Entrepreneur Of The Year (EOY) Awards Program.

This year is the 18th edition of the awards in India. Over this journey of nearly two decades, we have recognised the country’s most remarkable entrepreneurs, shining the spotlight on these individuals to inspire many others.

As we present our 2016 Finalists to you, what strikes me about each one of them is how they have been able to acquire tremendous scale and size from what were clearly modest beginnings. A strong focus on the customer, a business model based on innovating products and services for niche markets and a lot of hard work has enabled them to create a lasting impact. Also, reliance on technology and a relatively bold strategy for expansion, based on inorganic growth has helped them scale up rapidly.

We congratulate them on their achievements.

I also want to take this opportunity to thank our Jury Panel, who represent some of the most admired names in Indian business,

led by Mr Dilip Shanghvi. The members of this exceptional Jury Panel include Mr Subodh Bhargava, Mr Sanjeev Bikhchandani, Mr Uday Kotak, Ms Naina Lal Kidwai, Ms Kalpana Morparia, Mr Rishad Premji, Ms Renuka Ramnath and Mr A Vellayan. With the outstanding quality of nominations, the Jury had a notable task ahead of them and I am truly humbled by their commitment.

On 24 February 2017, we will honor our Finalists and Winners at an Awards Banquet in New Delhi. Let us applaud them together. I look forward to seeing you at the Awards evening.

Rajiv Memani Chairman, India Region and Chairman, Emerging Markets Committee

Entrepreneurs have the power to impact our lives. Their unyielding drive to seize the power of transformative ideas creates jobs, energizes markets, builds wealth and spurs

economic growth around the world. We salute their passion and insight that make them

EY Entrepreneur Of The Year India 2016 Awards are a rare group of individuals who

with their disruptive ideas and incredible innovation are inspiring a whole new

generation of entrepreneurs.

Disruptive innovation, digitisation and a connected world are revolutionising businesses like never before. Today businesses, government and individuals are responding to shifts that would have seemed unimaginable even a few years ago. Our Entrepreneurs Of The Year 2016 India Finalists are a group of innovators who are displacing old conventions with fresh ideas in

end of the leading trends. They are not only building successful enterprises but also creating economic value for their people and communities.

The most disruptive and innovative entrepreneurs are both growing and hiring at much faster rates than peers who follow more replicative approaches, a fact which is corroborated by our recent EY annual Global Job Creation Survey: Disruption at Work. This report explored job creation trends and future growth strategies of entrepreneurs from around the world, including

industries by advancing market forces to a new normal and in

in the market.

The past few years have been by far the most promising for entrepreneurship in India with positive market conditions and government policy incentives providing a helpful tailwind. Much of the credit for India turning into a hotbed of entrepreneurial activity should, however, go to the innovative entrepreneurs. They have exhibited great resilience in times of global uncertainty and had the courage to introduce disruptive new ideas, products and business models that have seen phenomenal success in a connected world.

Entrepreneurs today are setting new benchmarks and with the Entrepreneur Of The Year Awards program, we recognise, acknowledge and applaud these innovators for their ability to usher in transformative change. Our annual bespoke EOY Awards program convenes these problem solvers and honours them for their exceptional achievements in helping build a better working world.

Each of our 17 Finalists and our Lifetime Achievement Awardee

whole new generation of entrepreneurs. In the following pages, we have attempted to share with you their remarkable entrepreneurial journeys.

While warmly congratulating each of our exceptional achievers, I invite you to join us for the Awards Banquet at the Taj Palace Hotel, New Delhi.

,

Farokh T. Balsara Partner and EOY India Program Leader

Honouring entrepreneurial excellence

Celebrating extraordinary entrepreneurial talent

names in global and Indian business — NR Narayana Murthy, Uday Kotak, Adi Godrej, Dr Cyrus S Poonawalla, Sunil Bharti Mittal, Kumar Mangalam Birla, Anand Mahindra, Mukesh Ambani, Anil Agarwal, Dilip Shanghvi and Rahul Bhatia, to name a few. Collectively these names spell ideas, innovation, scale, power, disruption and inspiration. Each name has a roster of achievements,

compete for the EY Entrepreneur Of The Year awards.

Each winner has a unique story, marked by a burning ambition to make a difference and a disruptive new approach. They have gone on to change the face of their industries and their passion to excel is inspirational. Their vision and ability to create new products, services or business models helped them carve a new growth story for themselves and the communities their business touches.

Over 400 of the country’s foremost business leaders come together at the annual EY Entrepreneur Of The Year Awards gala to honour

excellence, exemplary talent and visionary leadership.

The Celebratory Banquet for the 2016 awards is being hosted at the Taj Palace Hotel, New Delhi, on 24 February 2017.

In its 18th year, the EY Entrepreneur Of The Year (EOY) India awards honours the men and women who are not only building market-leading enterprises that impact the way we live but also building a better world for all of us. The EOY Awards program is widely recognised as India’s global business award with a rich legacy which brings the best entrepreneurs into the spotlight.

Follow updates and conversation on the Awards by following @EY_India #EOYIndia2016 on Twitter.

For more information about the EY Entrepreneur Of The Year India Awards program Visit www.ey.com/in/eoy or call 0124 4434088

JuryThe

Dilip Shanghvi is the Founder and Managing Director of India’s most valuable drug company,

generation entrepreneur, Mr Shanghvi, completed his graduation in the University of Kolkata, the city where he also started his career, as a wholesaler of pharmaceutical products. Today, he is a leading face of the Indian industry globally. He also serves as the MD and Chairman of Sun Pharmaceutical Advanced Research Company. In 2015, his company acquired

largest generic pharmaceutical company by revenue. As Chairman of the Shantilal Shanghvi Foundation, Mr Shanghvi has initiated several activities in the healthcare and community development sectors. The Foundation has donated to the treatment of cancer, kidney failure and eye diseases for tribal people. For his achievements, Mr Shanghvi was awarded the EY Entrepreneur Of The Year Award in 2010 and the Economic Times’ Business Leader of the Year in 2014.

Naina Lal Kidwai is the Chairman of Max Financial Services and also an Independent Director of several multinationals. She has been an Executive Director on the board of Hongkong and Shanghai Banking Corporation Limited (HSBC) and its Chairperson till 2015. Her other international engagements include being a Non-Executive Director on the board of Nestle SA, Global Advisor, Harvard Business School and Chair of the Indian Advisory Board. Ms Kidwai has repeatedly ranked in the Fortune global list of Top Women in Business. She received the Padma Shri for her work in the promotion of trade and industry in 2007.

Subodh Bhargava is the Chairman of Tata Communications, TRF, GlaxoSmithKline Healthcare and Director on the boards of several companies including Tata Motors, Tata Steel , Larsen & Tubro and SunBorne Energy LLC. A mechanical engineer from IIT (Roorkee), he is a mentor to start-ups like Autoparts Asia and Nicco Internet Ventures. Mr Bhargava is a key spokesperson for Indian industry and has served as the President of the Confederation of Indian Industry (CII) and the Association of Indian Automobile Manufacturers. Over the years, he has been contributing with guidance around government policy and been working with industry to evolve new responses to the changing environment.

Sanjeev Bikhchandani is the Founder and Executive Vice Chairman of Info Edge, a company that operates well-known online portals including Naukri.com, Jeevansathi.com, 99acres.com, Shiksha.com and Naukrigulf.com. Mr Bikhchandani studied Economics at St. Stephen’s College, New Delhi, and holds a Post Graduate Diploma in Management from IIM Ahmedabad. His enterprise Info Edge was

to be listed on the Indianstock exchange. Mr Bikhchandani was awarded the EY Entrepreneur Of The Year Award in 2008 for Business Transformation.

Every year, an outstanding Jury Panel comprising of India’s

for the EY Entrepreneur Of The Year Program

Jury Chairman

Rishad Premji is the

Member of the Board, Wipro Ltd. He leads the Investor Relations & Corporate Affairs functions for the company and is on the Board of WiproEnterprises Ltd, Wipro-GE and Azim Premji Foundation. Mr Premji pursued his MBA from Harvard Business School. In 2014, he was recognised as a Young Global Leader by the World Economic Forum for his outstanding leadership, professional accomplishments and commitment to society.

Uday Kotak is the Executive Vice Chairman and Managing Director, Kotak Mahindra Bank. As a young 26-year old entrepreneur in 1985, Mr Kotak started Kotak Capital Management Finance, which later became Kotak Mahindra Finance. In 2003, it became

company (NBFC) in India’s corporate history to be converted into a bank. Mr Kotak supports education, through his Kotak Education Foundation, as he feels it is the key to alleviating the

India’s disadvantaged. He is one of the most respected businessmen in India and has been felicitated with many awards including the EY Entrepreneur Of The Year India in 2013 and the EY World Entrepreneur Of The Year in 2014.

Kalpana Morparia is the

of South Asia and India Operations at JPMorgan Chase. She also leads all of

including investment banking, asset management, treasury services and principal investment management. Ms Morparia serves as an Independent Director on the Boards of several leading Indian companies. Prior to joining J.P. Morgan India, Ms. Morparia served as Joint Managing Director of ICICI Bank. Ms. Morparia has been named one of the ‘50 Most Powerful Women in International Business’ by Fortune Magazine in 2008 and one of the ‘25 Most Powerful Women in Business’ by Business Today for the years 2004, 2005, 2006 and 2008.

A Vellayan is the Executive Chairman of the Murugappa Group, one of the largest corporate houses in India. He is also a Director on the Board of EID Parry (India) Ltd. and Coromandel International Ltd. Mr. Vellayan is also on the Board of Kanoria Chemicals Ltd. He holds a diploma in Industrial Administration from the University of Aston, UK, and a master’s degree in Business Studies from the University of Warwick Business School, in the UK.

Renuka Ramnath founded Multiples Alternate Asset Management in 2009 and serves as its Managing Director and Chief Executive

experience of over two and a half decades in the Indian

areas such as private equity, investment banking and

to build Multiples as a platform to channelise long-term capital to create valuable enterprises and successful entrepreneurs. In her previous role, Ms. Ramnath served as MD and CEO of ICICI Venture for close to a decade. She has featured in many prestigious lists, including the Top 25 Most Powerful Women in Indian Business (Business Today) and in the India’s Most Powerful CEOs (Economic Times).

Relevant knowledge and insights can help ensure entrepreneurial dynamism At EY, we are uniquely placed to offer a rich resource of knowledge on entrepreneurship. Through our work with some of the most dynamic entrepreneurs, we have learnt immeasurable lessons on what makes businesses succeed. We present this knowledge through our publications and other thought leadership platforms.

How ready are entrepreneurs for the journey of scalable growth?

Although driving scalable growth is challenging, it is not impossible. Entrepreneurs often feel stretched in all directions as the business

territories. While the journey is interesting, it is a lonely one for the entrepreneur. This report discusses the need to focus on and invest in building capabilities around the seven key drivers.

www.ey.com/in

Path to cyber resilience: Sense, Resist, React

Organizations want to know how to predict the next threat, and what are the ‘hottest’ technologies to prevent it. Cyber threat intelligence, cyber threat management and related software and consulting have become priorities in most organizations — all with the intent of increasing cyber agility, i.e., the ability to react to a change in the threat landscape.

The upside of disruption: Megatrends 2016

Disruption and innovation are transforming the business and social landscape — and creating unprecedented opportunities as well as challenges for our clients.

www.ey.com/in www.ey.com/in

A lifetime ofA lifeettimme of

achievement

Nandan Nilekani

First among equals

Meet Nandan N Nilekani (61), a middle – class Bangalore boy, who is one of the foremost thinkers in India today. He is best known for his

in scope and scale anywhere in the world. As the Honorary Advisor to National Payments Corporation of India (NPCI), he has also helped

Though he credits his passion and zeal to his father who always espoused the cause of public service, the world has been witness to his imaginative thinking and inspiring leadership. From steering India’s leading technology company, Infosys, to delivering on the most profound identity scheme the world has ever seen, Aadhar, he has had an exceptional journey.

With a Bachelor’s Degree in Electrical Engineering from the prestigious IIT- Bombay, he went on to co-found Infosys, along with six others, under the leadership of Mr Narayana Murthy.

After his remarkable accomplishments at Infosys, Mr Nilekani took up intensive public service projects of scale and has continued to make vital contributions that have had a positive impact on people’s lives. His services have earned him wide recognition like the President of National Council of Applied Economic Research, ‘Joseph Schumpeter Prize’ awardee for innovative services in economy, economic sciences and politics and a Padma Bhushan honour among other prestigious awards.

the FT- Goldman Sachs Book Award for the year 2009. Time magazine

2006 and 2009 while, Foreign Policy magazine listed him as one of the Top 100 Global Thinkers in 2010. He co-authored his second book with Viral Shah, ‘Rebooting India’, in 2015.

He has been a philanthropist extraordinaire. Mr Nilekani is today the

founded along with his wife, Rohini, to provide equitable learning opportunities to children from all socio-economic backgrounds. EkStep also focusses on healthcare, water for all, micro-credit and social research. Those who were positively impacted by these unpublicized

Finalists 2016Ram Gopal Agarwal Dhanuka Agritech

Vishwavir Ahuja RBL Bank

Hari Mohan Bangur Shree Cement

R Dinesh TVS Logistics Services

Dr Abhay Firodia Force Motors

Ajit Isaac Quess Corp

Girish Mathrubootham Freshdesk

Ravi Modi Vedant Fashions (Manyavar)

Vikas Oberoi Oberoi Realty

Darshan Patel Vini Cosmetics

M. P. Ramachandran Jyothy Laboratories

Vivek Chaand Sehgal Motherson Sumi Systems

Rashesh Shah Edelweiss Group

Uday Shankar Star India

Samprada Singh and Basudeo Narain Singh Alkem Laboratories

Chandubhai Virani Balaji Wafers

Dhanuka Agritech

Ram Gopal Agarwal

Sowing seeds of success

Ram Gopal Agarwal has a compelling story behind the success of Dhanuka Agritech. Harbouring a dream of building an enterprise

pronouncedly have a positive impact on their lives, he made a foray into the agritech industry. A commerce graduate from the University of Delhi, he took over a non-performing manufacturing unit, Northern Minerals Pvt Ltd in 1980, with an aim to transform

Over the years, Mr Agarwal steered the company to become the second largest player of branded pesticides in India, offering over

(in collaboration with the US-based Chemtura Corporation) in India. The judicious use of agro chemicals in farming, imparting knowledge through his nationwide network of distributors and

farmer.

Mr Agarwal began with numerous challenges – a lack of experience, paucity of funds as well as limited mobility. Yet, by 1975, he had expanded trading to UP, Punjab, Haryana, Rajasthan and Andhra Pradesh. With an annual revenue of INR 8.3 billion today, his largely technology-driven organisation has carved a

distinctive place for itself in the agro chemical industry.

Dhanuka Agritech today delivers high quality, cost-effective

possible with a focus on R&D and an innovative approach to product development that is centred around a concern for the environment.

Today, the Dhanuka Group has footprints all over the country. As a Director on the Board of Crop Care Federation of India, the apex chamber of all Indian agrochemical majors, Mr Agarwal is

community.

At the 2013 World Brand Congress, Dhanuka was awarded the ‘Brand Excellence Award in Agrochemicals’ by ABP News. The company featured in the ‘Forbes Asia – 200 Best under a Billion’ lists for the third time in last four years. The company also received ‘Inc. India Innovative 100 Award’ for its product Lustre in 2013.

Dhanuka also runs a charitable school at Ratangarh, Rajasthan, an ashram at Vrindavan, Uttar Pradesh besides the construction of four check dams for water harvesting.

RBL Bank, is a veteran in the banking industry with close to 35 years of experience. An MBA from IIM-Ahmedabad and MS Finance from the University of Michigan, Mr Ahuja gave up his

to lead RBL Bank, one amongst the ‘old brigade’ of private sector banks in India and amongst the two smallest scheduled commercial banks at the time.

Mr Ahuja joined RBL in 2010 when it was a small, Maharashtra-based co-operative bank. Over the last six years, he has since transformed the institution into a vibrant, professionally governed and well managed new-age bank with a high degree of competitiveness and scale. During his tenure, he has been instrumental in growing the banks’ balance sheet close to 25 times, making It amongst one of India’s fastest growing private sector banks. In August 2016, he spearheaded one of the most successful IPOs in recent history, which was oversubscribed over

An astute leader, Mr Ahuja has embarked on driving excellence and moulding RBL into a professionally governed technology-

driven full service bank. With his conviction and focus on growth,

instrumental in securing the support for his transformation plans from the board, management and its workforce. He overhauled RBL’s legacy technology platforms and risk management processes, and built a comprehensive suite of services for large corporates, retail and SME.

A true sports lover, Mr Ahuja enjoys playing cricket and badminton. He brings his sportsman like passion to his work environment and is considered by his colleagues as a great motivator. He has been instrumental in getting RBL many of its recent credits. The bank was recognised by the World Economic Forum as a ‘Global Growth Company’ in 2014.

RBL Bank

Vishwavir Ahuja

Banking on excellence

Shree Cement

Hari Mohan Bangur

Cementing a green footprint

Hari Mohan Bangur does not believe in living off past glory and needs to know if he has the cognitive ability to deal with the future. So, every year he takes the Common Aptitude Test (CAT), which is conducted for admission into the IIMs and other prestigious management institutes. As long as his percentile is above 90, the 64-year-old Managing Director of Shree Cement Limited (SCL) plans to continue working. An IIT-Bombay alumnus, Hari Mohan Bangur is a second generation entrepreneur, who has steered Shree Cement into the fourth-largest and one of the most

operations.

In 2002, things were going well for the cement industry. Convincing his father Benu Gopal Bangur for a chance to turn SCL around instead of selling it, Hari Mohan Bangur changed both his and SCL’s destiny. He pulled SCL out of heavy debts, made it cash-positive, more than doubled its cement production capacity and augmented the power generation capacity by

Pioneering the concept of using low-cost petroleum coke instead of coal for cement production, Mr Bangur saved fuel costs by

coal price hikes. Today, SCL is amongst the top three cement groups in India in terms of production with total sales reported at

utilise 100% petcoke in all its operations, both cement and power plants.

Being environmentally aware, the company generates 111 MW of its total 612 MW power capacity by recovering waste heat, while it sells its surplus power to power grids.

Its lower emissions performance was recognised by CDP, a company that provides climate and water-related data, which ranked SCL second in the world cement industry. The company was awarded the ‘Green World Ambassador Award’ by The

(globally) to register ‘Optimal Utilization of Clinker’ by the United Nations Framework Convention on Climate Change, resulting in

By any outward measure, R Dinesh is a mild mannered achiever,

deep purpose. A fourth generation entrepreneur, R Dinesh began his career apprenticing with several TVS Group companies before setting up TVS Logistics Services two decades ago with a modest capital of INR 20 Lakh. The company under his leadership has grown to be a INR 5,000 crore, end-to-end, integrated supply chain solutions provider.

An important part of TVS Logistics’ growth story has been the strategic buyouts that Mr Dinesh pursued through the acquisition

performance and the presence of a competent management team under Mr Dinesh, prompted CDPQ, Canada’s second largest pension fund, to invest INR 1,000 crore (USD 155 million) in TVS Logistics. It is the only logistics company in India that CDPQ has invested in.

growth wave, the logistics sector will be the next one. And, in TVS Logistics, he has been building the right engine to propel, and even create, this wave. He believes that the ‘Make in India’

mission needs to be supported by a robust logistics sector and he sees TVS Logistics playing a key role in that.

In TVS Logistics, Mr Dinesh has built India’s only MNC which is an integrated supply chain solutions provider serving customers in over 50 countries. In fact, almost 50% of the company’s revenues come from its international markets. He also has plans of expanding TVS Logistics’ presence in Asia further.

In addition to serving as Managing Director of TVS Logistics, Mr Dinesh is also the Joint Managing Director of T V Sundram Iyengar & Sons Private Ltd and Director for various joint ventures and subsidiaries of the TVS Group companies.

His entrepreneurial efforts were applauded by CII in 2010 when he won the ‘Emerging Entrepreneur’ Award and also ‘Next Gen Entrepreneur of the year 2014’ which TiECON conferred on him.

Mr Dinesh actively engages with the industry and policy makers

TVS Logistics Services

R Dinesh

Purpose meets legacy

Force Motors

Dr Abhay Firodia

A force to reckon with

Dr Abhay Firodia was born a couple of years before India achieved Independence, into a nationalist family. His father invented the concept and also coined the word ‘autorikshaw’. The family holds a very distinguished place in India’s automobile history, having introduced many memorable brands that have proudly scaled the length of Indian roads for years.

Dr Firodia has played a critical role in the Indian light commercial vehicle (LCV) industry as Force Motors launched several iconic

country) and the Traveller.

A second generation entrepreneur, Dr Firodia joined the board of Force Motors in 1975 and rose to the helm of the company as the Managing Director in just over a decade. Under his leadership, the company has grown to become one of the largest players in the LCV passenger carrier segment supported by its strong focus on branding, new vehicle launches, network expansion and after-sales service.

Force Motors has a growing international ambition and has increased its operations to 14 countries. In a one-of-its-kind

arrangement, the company’s manufacturing facilites in Chennai and Pune assemble and supply critical parts such as engines and axles to BMW and Mercedes Benz.

Over the past few years, Dr Firodia has led Force Motors to foray

vans, ambulances, off-road vehicles and tractors.

Dr Firodia has been ranked 70th in India’s Richest List in 2016 by Forbes, with a net worth of US$ 1.76 billion (as of October 2016) while Force Motors was ranked 82nd in Businessworld magazine’s 2014 listing of India’s fastest growing companies in the Welterweight category.

Dr Firodia was conferred with the ‘Cross of the Order of Merit’ of the Federal Republic of Germany in 2012. It is the highest honour awarded to individuals for their exemplary services to Germany.

Ajit Isaac has a reputation for building formidable businesses in the services space. This 49-year-old Chairman and Managing

entrepreneur. A post-graduate gold medallist from the Madras School of Social Work, this British Chevening Scholar from the University of Leeds has recently come out of a successful IPO where Quess Corp raised INR 400 crore and which was oversubscribed 147 times, the highest in India in recent times.

Mr Isaac’s journey from a management trainee at Godrej & Boyce to heading Quess has been one of spotting opportunity and making the right acquisitions along the way. At the turn of the century, Mr Isaac saw an opportunity in the Indian temporary

and Middle-East business.

Always on the lookout for disruptive business ideas, Mr Isaac sensed an opportunity in 2009 and picked up a 33% stake in Quess and joined as its Managing Director and Chief Executive

domestic as well as international footprints with the acquisition

last three years. The company has in the years since Mr Issac’s involvement added many proud achievements to its credentials

companies and a formidable industrial asset management company. Fascinated by its strong market credentials, the travel and tourism company, Thomas Cook, acquired Quess in 2013.

Mr Isaac’s turn-around strategy centred around perking organisational performance by focusing on operational

up Quess Corp. The numbers say it all. The company reported 1HFY17 sales of INR 2,015 crore, has a CAGR in excess of 50%

expand overseas as well.

Quess founded the Careworks Foundation to actively engage in social initiatives supporting education and health. The company has also partnered with the National Skill Development Corporation to support the GoI’s ‘skill development’ initiative.

Quess Corp

Ajit Issac

Renaissance man

Freshdesk

Girish Mathrubootham

Keeping customer experience fresh and SaaS-y

Inspiration for entrepreneurs can come from the smallest experience. For 35-year-old Girish Mathrubootham, Founder

damaged TV set in transit, which the insurance company refused to reimburse. Sensing a business opportunity, due to limitations of traditional customer support tools, and realising the power of social media, he set up Freshdesk, a cloud-based customer

35 lakh came from Mr Mathrubootham’s personal savings. Once the company hit the ground running, Mr Mathrubootham, along with his co-founder and early team members, signed up 100 customers in 100 days. There has been no looking back since.

Employing disruptive technologies including mobility, analytics

services, Freshdesk today enjoys a portfolio of over 100,000 clients across 145 countries, a steep climb from under 10,000 clients in 2013. One of the most well-funded start-ups in India with seven rounds of investments, totalling USD 149 million, Freshdesk has raised money from Accel, Sequoia Capital India,

Tiger Global as well as CapitalG (formerly known as Google

North America, in 2014.

Besides funding, Mr Mathrubootham has also steered seven acquisitions at Freshdesk and successfully integrated them into the company’s product offerings. Last year, Freshdesk launched

their suite of products, after Freshdesk, Freshservice, Hotline and Freshsales.

Magic Quadrant for CRM Customer Engagement Center in 2016. The company received ‘The Billion Dollar Baby’ award by The Indus Entrepreneurs (TiE) in 2015, and the Economic Times ‘Startup of the Year’ award in 2016. Mr Mathrubootham’s mission is best illustrated by the stickiest of all notes on his whiteboard: build a company that is loved by employees, customers and shareholders — in that order.

the fading market of men’s ethnic wear and with a seed capital of

Today, at 400 stores (including 12 international ones) Mr Modi has built Vedant Fashion (Manyavar) into a high recall brand in the mens ‘celebration’ wear segment.

As the segment saw growth, Mr Modi, whose focus was to offer affordable clothing in kurtas, sherwanis, Indo-Western wear, suits, children’s wear and accessories, extended the brand into the ‘made to measure’ segment. This premium offering delivers single orders within a week, catering to the huge Indian wedding and occasion wear market.

Vedant Fashions recently expanded into the women’s market and also launched ‘Digital Sales Man’ — an innovative concept

facilitates iPad-based customised ordering within its stores.

Vedant Fashions’ success and popularity is evident from the fact that it is the only brand in the category that does not have any discount policies and still has a high conversion rate. The company has a focussed brand building approach that includes

360 media outreach. It also sponsors many teams in both the IPL (cricket) and ISL (football).

Mr Modi’s plans include reaching 600 stores across 300 cities in India and overseas by 2020 for which he is exploring all strategic opportunities, including inorganic growth options.

The Asia Retail Congress recognised Mr Modi with the ‘Retail

retail leaders, while Images Retail conferred on him the ‘Most Admired Retailer of the year: Menswear’ award.

Children with heart ailments is what moved Mr Modi into

working for children with congenital heart diseases. It has sponsored more than 800 surgeries at the Rabindranath Tagore International Institute of Cardiac Sciences, Kolkata, along with Asia Heart Foundation and Dr Devi Shetty. Vedant Fashions has also assisted in opening 100 Ekal Vidyalaya schools every year – One Teacher Schools (OTS) in tribal areas across the country.

Vedant Fashions (Manyavar)

Ravi Modi

Fashioning tradition

Oberoi Realty

Vikas Oberoi

Towering above the rest

A Harvard Business School Alumnus, Vikas Oberoi, Chairman and Managing Director of Oberoi Realty Ltd (ORL), is a disruptive thinker and quite a contra-distinctive personality in the rather analogous real estate industry. His hallmark of premium luxury real estate projects have changed the face of Mumbai’s suburbs. Riding on the latest global trends and insights on the discerning needs of home buyers, Mr Oberoi’s real estate developments cater to the aspirational consumer.

With his vision of developing a ‘city-within-a city’, this young Harvard Business School alumnus has transformed some of Mumbai addresses into much sought-after locales. It is under his stewardship that the company has acquired six key land parcels in Mumbai across the island city, ranging from mid-town to the sprawling suburbs. Mr Oberoi’s business acumen has transformed ORL into a reliable brand that symbolises luxury and has a strong

While Mr Oberoi is looking at expanding into other cities, like NCR and Bangalore, the company is also setting up a separate shopping mall business unit under which it plans to build a

company is also strategically focused on its hospitality portfolios and has been effective in bringing leading brands such as ‘Westin’ and ‘The Ritz-Carlton’ to Mumbai.

ORL as it is known today went on to become a public limited company in the year 2010, with a successful listing on both BSE and NSE.

Mr Oberoi is a member of the India Advisory Board of the prestigious Harvard Business School. He and his enterprise have won many accolades including the ‘Most Aspiring Real Estate Brand – India’ and ‘Best Residential High-Rise Architecture Brand – India’ at the Global Brands Magazine awards 2016. The company was also amongst the Top 10 Brands in Mumbai’s Hot 50 Brands 2015 ranking by Paul Writer.

Mr Oberoi is a founder trustee of the ‘Oberoi Foundation’, a decade-old organisation which focuses on the development of educational institutions and other social infrastructure. The Oberoi International School campuses in Mumbai provide international education of the highest standards aiming to develop global leaders of tomorrow.

The entrepreneurial journey for Darshan Patel really began in 2010, at the age of 48. That is the year he set up Vini Cosmetics, spent two years in research and then launched the‘Fogg’ rage of fragrances in 2011. In just two years, the brand went on to lead the market share tables in India. By 2016, Vini Cosmetics grew to over INR 600 crore in revenues and became the market leader in the deodorants category in India. Greatly impressed by

growth roadmap he drew for the company, key Private Equity

invested in it.

A second generation entrepreneur, Mr Patel joined his family business Paras Pharma in 1985 and during his tenure in Paras Pharmaceuticals he is credited for launching products such as Moov, Krack, Livon, Itchguard, Ring Guard, Dermicool, Set Wet, D’Cold and many more. In 2006 he sold off his stake in the family business and subsequently founded and funded Vini Cosmetics with an investment of approximately INR 50 crore.

The unique value proposition with which Fogg was introduced: ‘No Gas, No wastage; 800 sprays Guarantee’ – a distinctive

marketing idea — was the primary reason for its huge success. Competing against over 500 brands in India’s crowded deodorant market, including the ones from global giants, `Fogg’ catapulted to the numero uno position within a span of two years of its launch. This speaks volumes about the acumen of Mr Patel, who has received no formal training in branding. Today, the company’s product portfolio spans across niche categories and includes deodorants, perfumes, face powder, sprays and creams.

Mr Patel has expansive growth plans for Vini Cosmetics, including growth in product range, acquisitions in the personal care segment and overseas expansion.

Mr Darshan Patel attributes the success of Vini Cosmetics to his passion and keen interest in building brands and extensive consumer research, followed by entrepreneurial instinct and conviction, tracking trends, smart media outreach and his faith in his team to deliver the best results.

Vini Cosmetics

Darshan Patel

Living the brand promise

Jyothy Laboratories

M P Ramachandran

A white knight

Having a mere INR 5,000 in his pocket did not deter M P Ramachandran from living his dream of creating a lasting enterprise. He judiciously used the modest investment to set up Jyothy Laboratories more than three decades ago. From a proprietary concern — that was manufacturing and selling a single product in just two districts — the organisation has grown to become a leading Indian FMCG company today.

Like many others of his generation from Kerala, Mr Ramachandran migrated to Mumbai in the early 1970s with the

years. Mr Ramachandran picked up one interesting habit from his father which is where the idea of Jyothy Laboratories took fruit. This was a habit of wearing pristine white clothes. “Wearing a white-coloured garment allows you to cultivate discipline, stay clean and calm” is what Mr Ramachandran strongly believes. Following this habit, Mr Ramachandran’s constant concern was keeping his white clothes spotless — and this is where the quest to develop a fabric whitener began. The whitener had to ensure the ‘whiteness’ of course. This was how ‘Ujala meaning brightness’

came into being. This idea turned brand, Ujala, has since grown into the country’s largest brand of fabric whiteners.

Mr Ramachandran made the bold decision to acquire Henkel AG’s Indian FMCG business in 2011. The deal included Henkel’s entire portfolio — Henko, Chek detergents, Pril dish cleaner, Fa Deodorant, Margo and the Neem brands. The acquisition made

By way of recognition, Jyothy Laboratories has won the ‘Product of the Year’ award for Henko LINTelligent in 2015 in the detergent category in a consumer survey done by AC Nielsen. Ujala too was awarded the ‘Master brand Award’ by the World Marketing Congress in 2014.

dream is to grow Jyothy Laboratories into one of India’s largest consumer goods company over the next two decades.

The company, under Mr Ramachandran, has also been contributing to social change by building toilets for government-run girls schools and promoting education.

Vivek Chaand Sehgal was just 18 when he started his trading

mother, hence the name Motherson. She was also the one who

company of Samvardhana Motherson Group (SMG) with reported sales in excess of INR 38,000 crore (March 16). He also features in the Forbes India List of the 100 Richest People.

Mr Sehgal has led SMG from a single product, single location entity to a market leadership position in the auto-component industry, serving Original Equipment Manufacturers (OEMs) globally.

Striking a balance between organic and inorganic growth, Mr Sehgal has always looked at acquisitions which bring strategic value. A major acquisition was the rear-view mirror business from Visiocorp PLC, UK, one of the largest global manufacturers of rearview mirrors, in March 2009. In 2011, the Group acquired Peguform, a €1.34 billion company, which is one of the leading suppliers of modules and molded polymer products to the automotive industry in Europe. These acquisitions heralded

SMG to attain an established global Tier-I supplier status, with most of the major automobile manufacturers as its customers. SMG has consistently explored the inorganic route with 17 acquisitions and 24 joint venture partners. His approach of acquiring distressed companies in the EU and the US has paid rich dividends.

Mr Sehgal also moved MSSL up the auto component value chain, providing complete solutions including product design, tooling, moulding, assembly and supply of integrated modules (dashboard and door modules) to all the best of the car makers in the world, even as it consolidated its global market share in the rear view mirrors business. By diversifying its product range and increasing its geographical footprint to 26 countries, the Group has de-risked its business model.

For his exceptional leadership and strategic vision, Business Standard presented Mr Sehgal with the ‘CEO of The Year Award for 2015’, while MSSL was awarded ‘Company of the Year Award

-Asia Executive Team rankings 2016 for transparency, trust, and access to top executives.

Motherson Sumi Systems

Vivek Chaand Sehgal

Building global scale

Edelweiss Group

Rashesh Shah

The marathon man

Rashesh Shah has always believed in the long haul, be it running marathons or his journey as an entrepreneur driving growth

Ahmedabad alumnus, who co-founded Edelweiss, stayed the course to transform his company into the Financial Services powerhouse that it is today. Using an initial capital of INR 1 crore to make the most of the capital market opportunity in the post-liberalization

conglomerate with a reported net worth of about INR 4,850 crore

Today the Edelweiss Group has businesses across credit, investment, advisory and insurance, enabling clients to create, grow as well as protect their wealth and assets. Edelweiss de-risked its business by diversifying into the NBFC segment and asset management, which helped it successfully navigate the 2008

market.

Mr Shah started his professional journey with ICICI Bank before he founded Edelweiss. His entrepreneurial foray was inspired by none other than Mr Narayana Murthy himself. Though Edelweiss

started off with just advisory services, Mr Shah, sensing market

services.

As someone who has earned his reputation as a visionary who grew his business by taking calculated risks based on good market awareness, Mr Shah is a good role model for young entrepreneurs. Today, he serves as the Vice-President of FICCI, India’s foremost industry association. He has also served on several committees of the National Stock Exchange and the SEBI.

Edelweiss, under his leadership, has won several awards including ‘Best Equity Capital Markets’ and ‘Best Broker by Finance Asia’.

marathons and triathalons and is a big supporter of sports. Edelweiss was the principal sponsor for 2016 Indian Olympic Team while, Edelweiss Tokio Life provided an INR 1 crore insurance cover to every Indian athlete at the Rio Olympics.

Edelweiss set up EdelGive Foundation in 2008, primarily to support education, livelihood and women empowerment. It has presence

funding of over INR 60 crore.

Uday Shankar’s journey from journalist to Chairman and

spectacular but is inspirational too. When this former journalist and economic historian (M Phil in Economic History) took charge of Star TV in 2007, the channel had just seen a huge exodus of

channel, Star Plus, had lost its leadership position to competition. A decade later, Mr Shankar catalyzed Star TV’s changeover into

in turnover while its market share, in terms of cumulative TV viewership, has also doubled.

Mr Shankar has helped spread the network’s regional presence to include Bengali, Kannada, Malayalam, Marathi, Tamil and Telugu. With the acquisitions of Asianet and Maa TV, he ensured a stronger foothold for Star TV in the southern states making it one of the largest media players in India with pan-regional presence.

disruptive, was a bid to make the network future-ready. Launched in 2015, it offers 50,000 hours of ad-supported video content in seven languages.

Mr Shankar also tapped into the growing audience interest in sports content. Strengthening the network’s sports portfolio, he launched 8 sports channels. Rights to both TV and digital broadcast for in demand sporting events like leading cricket tournaments, events by the International Hockey Federation, the Pro Kabaddi League were secured in line with his strategic vision for the network. The setting up the Indian Super League, along with IMG and Reliance, and taking stakes in the Hockey India League and the India Badminton League are signs of the network’s serious commitment to building sports viewership and interest.

The transformative change that Mr Shankar affected in the Network as well as the wider media ecosystem in India with his visionary leadership earned him the ‘IMPACT Person of the Decade’ award in 2014. He has been a recipient of many rich felicitations and has featured in the the ‘50 most powerful Indians’

magazine and the Indian Express, respectively, in 2013.

Star India

Uday Shankar

India’s shining star

Alkem Laboratories

Samprada Singh and Basudeo Narain Singh

Wellness prescribed

entrepreneur brothers Samprada Singh and Basudeo Narain Singh often engage in gripping business discussions. Alkem Laboratories, which was their maiden entrepreneurial venture

pharmaceutical company in India.

Their journey began from a small pharma retail store in Patna. In 1973, they shifted to Mumbai and decided to set up a pharma business, with seed capital from a few benevolent relatives. A major breakthrough came in 1989 with the launch of Taxim,

INR 100 crore in sales.

A producer of branded generics, active pharmaceutical ingredients (APIs) and nutraceuticals, Alkem has more than 700

Indian pharma industry.

Under their leadership, Alkem has expanded globally to more than 50 countries. Today exports contribute 28% to Alkem’s total revenues that touched INR 5,000 crore in FY 2015-16. Alkem has brilliantly used the inorganic route to expand its

product portfolio as well as geographical reach through strategic acquisitions.

In what is a testimony to the extraordinary success that the brothers have achieved, their company received India’s most admired pharma company award at the 6th Annual Pharmaceutical Leadership Summit in 2013. The brothers have individually received many accolades for their exceptional work. Mr Samprada Singh was conferred with the ‘Pride of Bihar’ award in 2014. He was also honoured with a lifetime achievement award at the AWACS Awards in marketing excellence in 2015 and at the Pharmaceutical Leadership Summit 2009. The Vice President of India, Mr Hamid Ansari, conferred Mr Samprada Singh with the ‘Global Entrepreneur of Bihar’ award in 2016. Mr Basudeo Narain Singh has received the Business Leader of the Year 2014 at the 7th Annual Pharmaceutical Leadership Summit.

welfare in the areas of education, vocational training, health, environment and rural development.

indomitable entrepreneurial spirit that is the hallmark of Indian businesses today. Mr Virani co-founded Balaji, a manufacturer of potato chips and snack products, a business he started from the canteen of a cinema hall in Rajkot in 1974 and from 1974-1982 he worked as a retailer. Till 1982, the wafers were made in his house and distributed in and around Rajkot city. Post 1982, Mr Virani turned manufacturer.

Today, Balaji Wafers is an INR 1,414 crore company and is giving tough competition to some of the biggest international brands, especially in key Western states of India. The company’s vision, shared by Mr Virani, his brothers and the young in the family, is to grow the company to a global major. They wish to achieve this using modern methods and techniques, while keeping and nurturing their current key growth drivers, that of trust and quality.

Mr Virani has affected an expansion in Balaji’s product portfolio by developing innovative and custom products for the regions of his operations. Besides potato chips, which accounts for 40% of the production, it also offers a gamut of choices across

savory snacks. The company has adopted a ‘value for money’ positioning to ensure affordability across consumer groups – it sells namkeens at price points as low as INR 5 – INR 60. Balaji’s three manufacturing facilities, in Rajkot and Valsad (Gujarat) and in Indore (Madhya Pradesh), have a combined capacity of 6,50,000 kg of potato processing and 7,00,000 kg of namkeen processing in 24 hours. The company has also launched corn

Wafers.

The company has a network of 650 distributors and its products are sold across 700,000 retail outlets in India. It is also interesting to note that women comprise about 70% of the company’s workforce.

Balaji Wafers

Chandubhai Virani

Chipping away to glory

Past winners of the Entrepreneur Of The Year India awards are a set of exceptional business leaders. These words offer a glimpse into their enterprising minds, their innovative thinking, their inspirations and what has driven them to attain such immense success over the years.

in their own words

This probably was the most precious award because it was an honor for both the country and for me.

N.R. Narayana Murthy Infosys Technologies

I knew that there is always light at the end of the tunnel. The question is what you do in the tunnel differently so that

Anand MahindraMahindra & Mahindra

I’m delighted and honoured to receive this prestigious award and accept this in all humility on behalf of 1.2 billion

Indians.

Uday KotakKotak Mahindra Bank

We started out as a small company and have grown into a large conglomerate today. Throughout this journey, we have

managed to retain the soul of a small entrepreneurial company. I would say this has been one of the keys to our performance.

Sunil Bharti MittalBharti Enterprises

Deepak ParekhHDFC

Thank you for the Lifetime Achievement Award. Professionally, I would like to admit and say that I could not have achieved what I have achieved without the support, help, cooperation of all the people who have worked in our organisation and I must say people who worked with me and not for me. Thank you to my friends in the Jury for nominating me and giving me this award.

Mukesh AmbaniReliance Industries

To me, the purpose of business is growth, welfare and enrichment of the nation at large-by creating jobs and generating wealth. And for that, a business needs to constantly innovate and expand – or else it will stagnate and wither away.

I’d like to express my deep appreciation and thanks to Ernst & Young for bestowing on me this honour. The world I have lived in has been an interesting one and India has gone through a very interesting growth

path. I am fortunate to be there during these exciting years.

Ratan TataTata Group

It is a privilege and unique honour for me to be here and receive this award. It is a testament for the

keeping in mind what was best for India.

Dr Yusuf K. HamiedCipla

The world’s business award

The Entrepreneur Of The Year program celebrates 31 years of saluting excellence around the world. Beginning in a single city in USA in 1986, it today spans 145 cities in 60 countries, and is truly ‘the world’s business award’.

In close to three decades, over 5,000 entrepreneurs from 60 countries have participated in this unique annual program which celebrates the visionary spirit of entrepreneurs. Every year, the World Entrepreneur Of The Year is held as a culmination of the global program and is hosted in Monte Carlo, one of the most fascinating locations in the world.

Entrepreneur Of The Year winners from different countries, including the winner of the India program, meet in Monte Carlo, where one is announced as the World Entrepreneur Of The Year. The event is a grand celebration and brings together eminent business leaders from across the globe, EY’s global leadership, the media and other thought leaders.The Award program’s unparalleled global scale is truly

1 award | 60 countries | 145 cities

Entrepreneurs think big and spur new trendsWe celebrate ideas, innovation and inspiration.

And that’s how they build legacies.

They turn ideas into reality

They innovate to challenge the status-quo

They inspire us

Who will inspire us next?Join us for the 18th annual EY Entrepreneur Of The Year™ Awards Banquet to know.

Contact: Sunaina Uppal EOY Program Manager +91 124 443 4088 [email protected]

www.ey.com/in/eoy Follow us on Twitter @EY_India #EOYIndia2016

building the future live our enterprivisionaries, business leaders makinaround them for the entrepreneursvision achieve vision times and helpentrepreneur energies insight gameachieve to their potential and exceponal energy foresi of our times cataimes catalysts for ntrepreneurs wh

achieve to their potential and excepcatalysts for and genius live our envisionaries, business leaders makin

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

Ernst & Young LLP is one of the Indian client serving member firms of EYGM Limited. For more information about our organization, please visit www.ey.com/in.

Ernst & Young LLP is a Limited Liability Partnership, registered under the Limited Liability Partnership Act, 2008 in India, having its registered office at 22 Camac Street, 3rd Floor, Block C, Kolkata – 700016

About Standard Chartered Bank India

Standard Chartered Bank is India’s largest international bank with 100 branches in 43 cities, a combined customer base of around 2 million retail customers and around 2500 corporate and institutional relationships. Key client segments include Corporate & Institutional Banking, Commercial & Private Banking as well as Retail Banking.

We are a leading international banking group, with more than 86,000 employees and a 150-year history in some of the world’s most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East, where we earn around 90 per cent of our income and profits. Our heritage and values are expressed in our brand promise, Here for good. Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

For more information please visit www.sc.in. Explore our insights and comment on our blog, BeyondBorders. Follow Standard Chartered on Facebook.

© 2017 Ernst & Young LLP. Published in India. All Rights Reserved.

www.ey.com/in/eoy

EY | Assurance | Tax | Transactions | Advisory

Sponsor

uet

ng a difference to the lives of thos e - ey - united · pdf fileng a difference to the lives...

Documents