Consultancy EY announced the selection of 16 entrepreneurs as finalists for the 20th Entrepreneur of the Year India (EOY) 2018 Awards. The finalists have been selected from over 240 outstanding nominations and will be felicitated at a grand celebratory awards banquet to be held on 12 February in Mumbai.
Together, these 16 finalists have combined revenues of Rs 1,16,264crore (US$16.3 billion) and are providing employment to 2,54,738 people in India and globally, said a statement by EY.
The winners will be announced across several categories, while the national winner will represent India at the EY World Entrepreneur of the Year Award (WEOY) in Monte Carlo from 5 – 9 June 2019.
The finalists were selected by an eminent eight-member independent jury panel led by Uday Kotak, Managing Director and Chief Executive Officer, Kotak Mahindra Bank. The other jury members are Jalaj Dani, Co-Promoter, Asian Paints; Harsh Goenka, Chairman, RPG Enterprises; Rishad Premji, Chief Strategy Officer, Wipro; Meher Pudumjee, Chairperson, Thermax; Sameer Sain, Co-founder and Managing Partner, Everstone Group; Vijay Sankar, Deputy Chairman, The Sanmar Group and Kunal Shroff, Managing Partner, ChrysCapital Advisors.
Uday Kotak, the jury chairman and Managing Director and Chief Executive Officer, Kotak Mahindra Bank, said, "As a Jury, we were impressed with the outstanding quality of nominations from across industries and regions. We followed an intense and rigorous selection process, consistently applied worldwide for the EY Entrepreneur of the Year Awards. Along with my fellow Jury members, I would like to commend the 16 Finalists for their bold vision, innovative thinking, determination to succeed and their ability to build sustainable businesses in a highly competitive market.”
The finalists for the EY Entrepreneur of the Year 2018 India Awards are: Sanjay Agarwal, Managing Director and Chief Executive Officer, AU Small Finance Bank Ritesh Agarwal, Founder and Chief Executive Officer, Oravel Stays (OYO Hotels and Homes) Sahil Barua, Chief Executive Officer, Delhivery Karan Bhagat, Founder, Managing Director and Chief Executive Officer, IIFL Investment Managers Bhaskar Bhat, Managing Director, Titan Company Kishore Biyani, Founder and Chief Executive Officer, Future Group Satyanarayana Chava, Founder and Chief Executive Officer, Laurus Labs Binish Chudgar, Vice Chairman and Managing Director, Intas Pharmaceuticals Tarang Jain, Managing Director, Varroc Group Manu Kumar Jain, Managing Director - Xiaomi India Siddhartha Lal, Managing Director and Chief Executive Officer, Eicher Motors Rajesh Mehra, Promoter and Director, Jaquar Group Nirmal K Minda, Chairman and Managing Director, Minda Industries Ashok Reddy, Managing Director and Co- Founder, TeamLease Services Byju Raveendran, Founder and Chief Executive Officer, Think & Learn (BYJU’S) Atul Ruia, Chairman and Managing Director, The Phoenix Mills
Azim Premji, Chairman of Wipro Ltd, will be felicitated with the Lifetime Achievement Award. Premji has been instrumental in developing the Indian information technology industry. He led Wipro’s transformation from a vegetable oil business into a multi-business technology organisation with revenues of over $9 billion today. In 2001, he founded the Azim Premji Foundation, a non-profit organisation, with a vision to facilitate a just, equitable, humane and sustainable society. A Padma Vibhushan and a Padma Bhushan Awardee, he is ranked among the top philanthropic donors in the world.
Rajiv Memani, Chairman, EY India, said, "Entrepreneurship has taken a new meaning in the current times with Indian ingenuity making a mark across the globe and technology shaping the future. What is common among our Finalists is their ability to create a compelling differentiation, achieve scale at an unprecedented speed and embrace innovation to either improve customer experience or drive efficient operations. Empowered by a strong domestic market leadership, their ambitions have taken global wings.”
The jury considered a host of criterion including the nominee’s entrepreneurial spirit, recent financial performance, strategic direction, product or service innovation, company leadership including personal integrity and risk-taking, values and key employee initiatives, and involvement with the community.The past winners of the EY Entrepreneur of the Year India Awards include Sanjiv Bajaj (Bajaj Finserv), Vivek Chaand Sehgal (Samvardhana Motherson Group), Vinita and Nilesh Gupta (Lupin Limited), Uday Kotak (Kotak Mahindra Bank), Adi Godrej (Godrej Group), Rahul Bhatia (Interglobe Enterprises), Dilip Shanghvi (Sun Pharmaceuticals), Anand G Mahindra (Mahindra Group), Anil Agarwal (Vedanta Resources), Tulsi Tanti (Suzlon Energy), Kumar Mangalam Birla (Aditya Birla Group), Sunil Bharti Mittal (Bharti Group), Ratan Tata (Tata Group), NR Narayana Murthy (Infosys), Brijmohan Lall Munjal (Hero Group), Mukesh Ambani (Reliance Industries), and Subhash Chandra (Zee Telefilms).