Ideas. Innovation. Inspiration.

Founded and produced by

2017 India

The country’s most admired business leaders will gather to celebrate those who moved us

with their

Ideas. Innovation. Inspiration.

Awards Banquet: Thursday, 15 February 2018

6:00 p.m. onwards JioGarden, Mumbai

Rajiv MemaniChairman, India Region and Chairman, Emerging Markets Committee

2017 was an unusual year of disruptions - both regulatory and unprecedented technology advancements - that tested the grit and resilience of leaders of India Inc. In a world where disruption is the new normal, exceptional entrepreneurs thrive because of their ability to embrace innovation and constantly reinvent themselves. At EY, we celebrate this steadfast vision to create lasting value and the determination to succeed in the face of challenges through our annual Entrepreneur Of The Year (EOY) Awards program

This year is the 19th edition of the Awards in India. Over the past two decades, we have strived to bring forward inspiring entrepreneurial stories from across the country to not only recognise outstanding leadership but also motivate many others to raise our country’s position on the global business map.

Our 2017 Finalists have personally moved me with their ideas and the uniqueness of their operating models in seemingly conventional businesses. What makes them special is their capability to scale up in an intensely competitive and ever-changing business landscape while maintaining sharp operational discipline. Each one of our Finalists is not only a force to reckon with in their industry but also has a keen eye for expanding in the global market while adopting new generation technologies in their business.

Selecting these remarkable stories from among the many noteworthy nominations would have indeed been a daunting task. I want to thank our Jury Panel, some of the most admired names in Indian business, led by Dilip Shanghvi, for their commitment and time to shortlist outstanding entrepreneurial achievers of 2017.

Please join me in recognising our Finalists and Winners on 15 February 2018, when we will honour them at an Awards Banquet in Mumbai. I look forward to seeing you at the Awards evening.

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Faster, better and more intense – that’s how the pace of disruptive change is advancing today and it is likely to stay the course in the near future. The convergence of analytics, artificial intelligence and robotic process automation - along with blockchain technology - has monumental implications on the way organisations operate. While businesses, governments and individuals have successfully embraced disruption over the past few years, enterprises and their leaders will be tested in their ability to drive relentless agile innovation and build robust business models.

Artificial intelligence and robotics are reinventing the workforce. Drones and driverless cars are transforming the way supply chains and logistics work. Changing preferences are altering consumption patterns and demand for everything from cars to content consumption, holiday plans. As these changes in the market become a common sight, entrepreneurs are faced with the challenge of formulating an innovation agenda that creates and captures economic value. Many struggle to create, incubate and activate strategies and commercialise opportunities. According to the EY Megatrends report, 52% of Fortune 500 companies have been affected by digital disruption since 2000; about 80% businesses are failing to optimally use their customer data even today.

Reforms in areas such as taxation, trading across borders and data privacy are being witnessed across the world. In India, the implementation

of GST and Insolvency and Bankruptcy Code has forced organisations to re-look at their business models. In a recent EY India survey on the readiness of entrepreneurs in coping with disruption, it was observed that entrepreneurs who have integrated technology with their offerings and embedded it in decision-making and growth roadmaps have managed to reap visible benefits.

Our 2017 Finalists are glowing examples of entrepreneurs who have seized the upside of disruption. They are a group of passionate individuals who have used agile innovation to create profitable enterprises with profound positive impact on industries, societies and individual lives. Selected by an exemplary Jury of highly accomplished individuals, each of our EOY 2017 Finalists is a winner in their own right.

I invite you to join us for the Awards Banquets on the 15th of February to honour these exceptional individuals and their inspiring entrepreneurial journeys.

Farokh T. Balsara Partner and EOY India Program Leader

Honouring fresh ideas, explosive growth

Celebrating exceptional entrepreneurship Passionate, disruptive and enterprising - our winners are some of the most distinguished and celebrated names in the global and Indian business arenas. NR Narayana Murthy, Uday Kotak, Adi Godrej, Kumar Mangalam Birla, Anand Mahindra, Mukesh Ambani, Anil Agarwal, Dilip Shanghvi, Rahul Bhatia, Vinita and Nilesh Gupta and Vivek Chaand Sehgal have won the EOY title. Collectively these names spell ideas, innovation, scale, power, disruption and inspiration. Each name has a roster of achievements, difficult to fill in a page. The most exceptional Indian entrepreneurs compete for the EOY 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 EOY Awards Gala to honour our finalists and winners. This special occasion is a celebration of excel-lence, exemplary talent and visionary leadership.

The Celebratory Banquet for the 2017 Awards is being hosted at JioGarden, Mumbai on 15 February 2018.

In its 19th year, the EOY India Awards honour the men and women who are not only building market-leading enterprises but also doing business with a sense of purpose and 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, bringing the best entrepreneurial talent into the spotlight.

Jury Chair: Dilip Shanghvi

Meher Pudumjee

Romesh Sobti

Harsh Goenka

M.K. Sharma

Renuka Ramnath

Jalaj Dani

Naina Lal Kidwai

Vijay Sankar

JuryThe Every year, an outstanding Jury Panel comprising of India’s most eminent business leaders select the finalists and winners for the EOY Program

Dilip Shanghvi is Founder and Managing Director of Sun Pharmaceuticals – one of India’s most profitable valuable drug companies. A first generation entrepreneur, he completed his graduation in Kolkata, where he also started his career as a wholesaler of pharmaceutical products. In 2015, his company acquired Ranbaxy Laboratories to create the world’s fifth-largest generic pharmaceutical company by revenue. Today, he is a leading face of the Indian industry globally. As Chairman of the Shantilal Shanghvi Foundation, Dilip has initiated several activities in the health care and development sectors. Dilip was awarded the Padma Shri in 2016 for his contributions and was the EY Entrepreneur Of The Year Award winner in 2010.

Harsh Goenka is a fifth generation entrepreneur and is Chairman of RPG Enterprises - a US$3.1 billion diversified group, with businesses in power, infrastructure, tyres, IT and pharma, to name a few. Belonging to one of India’s best known business families, Harsh took over as Managing Director of CEAT in 1983 at an early age of 24. He is also the Chairman Board of KEC International, CEAT, RPG Lifesciences, Raychem RPG and Spencer International Hotels and Director of Bajaj Electricals. An avid art collector, Harsh also has a keen interest in cricket and co-owns the Rising Pune Supergiants team in the Indian Premiere League (IPL).

Jalaj Dani is a chemical engineer and has had a long association with Asian Paints. Belonging to one of the promoter families, Jalaj managed multiple assignments during his 18-year-long stint with the company. This included handling human resources, supply chain and the company’s chemicals portfolio. He also oversaw a string of acquisitions overseas as Head of International Business during his stint with the company.

M.K. Sharma is currently serving as Non-Executive Chairman of ICICI Bank and United Spirits, and Independent Director of Wipro and Asian Paints. His professional journey began four decades ago with DCM, where he spent six years before joining Hindustan Unilever Limited (HUL) in 1974 for a 33-year-long stint. He retired as Vice Chairman of HUL. He is known to be passionate about corporate governance and adherence to responsible and ethical conduct in all aspects of business operations, and is also actively involved in various industry associations, particularly CII, on corporate governance.

Meher Pudumjee is Chairperson of Thermax, a company focused on providing energy and environment solutions. A postgraduate from the Imperial College of Science & Technology, London, she joined Thermax in August 1990 and was appointed on the Board in 1996. She worked with the Treasury and Capital Management functions of Thermax and was involved with overseeing a joint venture in the area of drinking water as well as the Air Pollution Control businesses of the company. She took over as Chairperson in October 2004. Meher was selected as a Young Global Leader by the World Economic Forum in 2008 and CEO of the Year, 2009 by Business Standard.

Naina Lal Kidwai is Chairman of Max Financial Services and Senior Advisor, Advent Private Equity. She also serves on the boards of several multinationals. A graduate in economics from the University Of Delhi, Naina was the first Indian woman to pursue an MBA from Harvard Business School and the first woman to guide the functioning of a foreign bank in India. She has repeatedly ranked in the Fortune global list of Top Women in Business and was awarded the Padma Shri in 2007. Her interests include working in the areas of water and environment, and empowerment of women.

Romesh Sobti is considered as one of India’s most accomplished bankers. With a banking experience that spans four decades in large state-owned and multinational banks, he beat all convention when he joined IndusInd Bank in 2008 as Managing Director and Chief Executive Officer and managed to grow it into a full-service financial services institution. Under his leadership, IndusInd Bank became India’s fifth largest private sector bank. Romesh is a graduate in electrical engineering and has also pursued his diploma in corporate laws and practice and secretarial practice. He was felicitated with Entrepreneurial CEO category award at the EY Entrepreneur Of The Year India 2015 program.

Renuka Ramnath founded Multiples Alternate Asset Management in 2009 and serves as its Managing Director and Chief Executive Officer. She has a rich experience of over two and a half decades in the Indian financial sector across areas such as private equity, investment banking and structured finance. She aims to build Multiples as a platform to channelise long-term capital to create valuable enterprises and successful entrepreneurs. In her previous role, Renuka served as Managing Director and Chief Executive Officer 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 India’s Most Powerful CEOs (Economic Times).

Vijay Sankar is Deputy Chairman of The Sanmar Group, a US$1 billion conglomerate with interests in chemicals, engineering and shipping. He is responsible for the Group’s operational management and has been actively involved in the Group’s entry overseas. A qualified Chartered Accountant, Vijay holds an MBA from the JL Kellogg Graduate School of Management, Northwestern University. He also serves as Director of Silkroute Indchem. and is the Honourary Counsul for Spain in Chennai. He also serves as Vice President of the Tamil Nadu Tennis Association (TNTA).

Honouring those who see past the present to define the future

Follow us on @EY_Indiaey.com/in/eoy

Subhash Chandra 1999

Zee Telefilms

Mukesh Ambani 2000

Reliance Industries

Brijmohan Lall Munjal 2001

Hero Group

Kumar Mangalam Birla 2005

Aditya Birla Group

Tulsi Tanti 2006

Suzlon Energy

Anil Agarwal 2008

Vedanta Resources

Adi Godrej 2012

Godrej Group

Uday Kotak 2013

Kotak Mahindra Bank

Dr. Cyrus Poonawalla 2014

Serum Institute of India

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NR Narayana Murthy 2002

Infosys Technologies

Ratan Tata 2003

Tata Industries

Sunil Bharti Mittal 2004

Bharti Enterprises

Anand G. Mahindra 2009

Mahindra Group

Dilip Shanghvi 2010

Sun Pharmaceuticals

Rahul Bhatia 2011

InterGlobe Enterprises

Vinita Gupta and Nilesh Gupta

2015 Lupin

Vivek Chaand Sehgal 2016

Samvardhana Motherson Group

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 when you come out you’re the first out to see the light.

Past winners of the EOY 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

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.

Ratan TataTata Group

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.

Uday KotakKotak Mahindra Bank

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

N.R. Narayana MurthyInfosys Technologies

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

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.

Anand G. MahindraMahindra Group

Sunil Bharti MittalBharti Enterprises

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.

Darshan PatelVini Cosmetics

Me and my team is truly honoured to receive EOY Award in Start-Up category. We would like to extend our gratitude to team EY for their support, co-operation and co-ordination throughout. The event was indeed a memory to cherish forever.

The world’s business award1 award | 60 countries | 145 cities

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 EOY is held as a culmination of the global program and is hosted in Monte Carlo, one of the most fascinating locations in the world.

EOY 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 exemplified at this very special congregation.

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

Alok OhrieZarin DaruwalaPresident and Managing Director Dell India

Chief Executive Officer, India Standard Chartered Bank

EY’s Entrepreneur Of The Year Awards program celebrates the country’s most innovative and inspiring entrepreneurs. Over the past decade, India has emerged as one of the most sought after destinations for investment and nurturing entrepreneurial talent and innovation. India entered the top 100 in the World Bank’s Ease of Doing Business index with a record jump, pointing towards the increasing transparency and credibility of processes in the system. The NASSCOM startup report released in November 2017 recognised India as the third largest startup ecosystem in the world, with a total of 5,200 startups.

Businesses that are innovation and technology-driven have increasingly become the backbone of a new India from the angle of solving complex problems and employment generation. Importantly, some of the best lessons are learnt from them. We, at Dell EMC, believe that bright ideas are all around us and we are continuously focused on innovation, being agile and operating with a sense of personal ownership - all key factors of a successful business. In that context, the partnership with EY to identify the Entrepreneur Of The Year is in alignment with Dell EMC’s objective of nurturing businesses which can enable human progress.

The Entrepreneur Of The Year 2017 Awards program saw a record participation of 250+ nominees. The task to finalise a winner from so many distinct, exciting, established and successful businesses is an enviable one and I, on behalf of the Dell EMC family, would like to acknowledge and congratulate the esteemed Jury Members. It is always difficult to evaluate businesses with different dynamics to select the ‘first amongst equals’ and I take great pleasure in presenting the final 16 Finalists and a Lifetime Achievement winner. Congratulations!

We have enjoyed being part of this journey and I am confident that it must have been enriching for all. I wish all the nominees the very best for their future endeavours and look forward to the grand finale where the Entrepreneur Of The Year will be announced. Good luck to all the Finalists!

Regards,

Alok

We are into our third year of association with the EY Entrepreneur Of The Year Awards program, which captures and celebrates the spirit behind India’s economic resurgence - the Indian entrepreneur. Our association is in our pursuit of recognising leaders and innovators who have been contributing significantly in shaping the future of our country. This year, we have re-affirmed our focus by partnering with this platform for two more geographies - Singapore and Indonesia.

Never before in our history have we seen ideas and innovation spur on with such zeal, whether it is in the exciting world of startups with technology as the centrepiece of business ideas, or conventional business which are reshaping themselves. The lasting impact is in the manifold ways entrepreneurship touches and changes lives: creating employment, raising health and education standards, and ushering in a stable and progressive society. With the Government encouraging entrepreneurship and the success stories already scripted, India is becoming the crucible of ideas, ambition and entrepreneurial spirit.

India also jumped by 30 places in the World Bank’s Ease of Doing Business global rankings and for the first time moved into the top 100 on the back of sustained business reforms. This definitely augurs well for the entrepreneurship community aiming to pursue their aspirations.

At Standard Chartered Bank, we have already made significant investments towards a strategic digital transformation where technology is at the forefront of our customer-centred vision. The role of entrepreneurs is a vital cog in fulfilling this vision. We are collaborating with the FinTech community in working out high-quality solutions and are in the process of implementing some projects around risk warning systems, data analytics and customer on-boarding.

Best regards,

ZarinSpon

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A lifetime of achievementSanjiv Bajaj Bajaj Finserv

Puneet Dalmia Dalmia Group

Ramesh Kumar Dua Relaxo Footwears

Sunder Genomal Page Industries

Akhil Gupta Bharti Infratel

Ankur Jain B9 Beverages

Zorawar Kalra Massive Restaurants

Nithin Kamath Zerodha

Finalists 2017

Samay Kohli GreyOrange India

Satheesh Kumar K.R. Enzen Global Solutions

V. P. Nandakumar Manappuram Finance

Glenn Saldanha Glenmark Pharmaceuticals

Rashesh Shah Edelweiss Group

Ajay Singh SpiceJet

Sumant Sinha ReNew Power Ventures

Kedar Vaze Keva (SH Kelkar)

India’s Metro ManDr. E Sreedharan

They say time is the greatest distance between two places. Dr. E Sreedharan has played a major role in reducing that distance for people by transforming the face of public transport in India. Popularly known as the Metro Man, he has been instrumental in the planning and execution of the Kolkata Metro, Delhi Metro, Kochi Metro and Lucknow Metro. He is also an advisor to the proposed Metro projects in Visakhapatnam and Vijayawada. He also spearheaded the Konkan Railway project, considered one of the most difficult railway projects in the world, and completing it in a eight years flat.

The first glimpse of his enterprising nature was on display during the restoration of a cyclone- damaged bridge, which he completed in 46 days as against a timeline of six months set by the Railways. From there, he has gone on to contribute significantly to the modernisation of Indian public transport, increasing its reach and affordability. He continues to be actively involved in projects even after his retirement in

1990.For his groundbreaking work in public transportation, Dr. E Sreedharan has received the Padma Vibhushan and the Padma Shri awards from the Government of India. He also has to his credit Chevalier de la Légion d’Honneur (the highest honour given by the French Government) and the Lifetime Achievement award at the Forbes India Leadership Award. The Government of Japan has also conferred him with the prestigious ‘Order of the Rising Sun, Gold and Silver Star’ for promoting friendly relations between Japan and India through the Delhi Metro project.

More than just pursuing engineering, Dr. E Sreedharan believes in serving people. Under his guidance, the Delhi Metro Rail Corporation has tied up with several NGOs to operate facilities for children and the elderly. He is also Founder of the Foundation for the Restoration of National Values, an NGO that works to foster good values in the country and remove corruption.

Bajaj Finserv Dalmia GroupSanjiv Bajaj Puneet Dalmia

Insuring long-term success Cementing a greener future

An MBA from Harvard, Sanjiv assumed the leadership of Bajaj Finserv in late 2007, determined to expand the scope of operations of Bajaj Finance, the primarily captive two-wheeler financing arm of the Bajaj Group. He moved the company beyond the bread-and butter Bajaj products business to other businesses such as consumer durable loans, small-scale enterprise loans, funding construction equipment and offering loans against property.

Coming from a family of influential business leaders with a history of creating brands that have often defined the narrative around Indian business, Sanjiv created a niche for himself by focusing on the side of business which was in its infancy and turned it around to make it one of the most valuable entities in the Bajaj fold.

The company is today a leading name in the financial services industry, with insurance, lending and wealth management services. Under his leadership, the company saw a surge in income at a CAGR of 79.7% between FY15 and FY17.

Sanjiv’s focus on innovation has played a key role in the success of Bajaj Finserv. The company was the first financier to launch an electronic KYC swipe card for secure and faster processing of loans, allowing customers to checkout of showrooms quicker. In 2015, it launched India’s first EMI finance app that give consumer loan approvals in 60 seconds.

Sanjiv won the Young Business Leader of the Year award by Hello! Magazine in 2017 and the Entrepreneur of the Year award by Bombay Management Association in 2016.

Sanjiv has aggressive plans for the next leg of growth. The company which has now ventured into rural financing is disbursing loans for auto re-financing and farm equipments. In addition, the continued focus on deepening and strengthening the insurance business has created new products and channels for future growth.

When Puneet decided to work for his family business after completing his MBA from IIM, Bangalore, he did not know the challenges that awaited him. In his own words, IIM left him feeling like he belonged to the upper echelons of management, until working showed him otherwise. He learnt many things on the job, which he fully amalgamated into his entrepreneurial venture JobsAhead.com, acquired by US-based Monster.com for INR 400 million in 2004.

Raring to prove himself all over again, Puneet turned his attention to the 75-year old family business, where he decided to bring in sweeping, wide-ranging changes. He started off by creating a family council, drafting a family constitution and redefining the role of the family.

Once his approach began giving favourable results, Puneet sought to simplify the business structure from a diversified conglomerate to pure play companies. Thus, Dalmia Bharat Limited (DBL) was born, consisting of the legacy cement and power businesses. Under his leadership, the company grew its footprint through a combination of bold acquisitions and greenfield investments, to become the fourth-largest cement manufacturer in India

by production capacity. Today, DBL has 12 cement plants in 9 states. Its market capitalisation was reported at INR175.01 billion as on 31 March, 2017, increasing at a CAGR of 72% over the past five years.

Adoption of technology and being environment friendly are the company’s focus areas. DBL is the first cement company to join RE100, a global association of companies who pledge to consume 100% renewable electricity for their operations. It was awarded Best CSR Excellence Award 2016 by World CSR National Congress and bagged six National Awards from the National Council for Cement and Building Materials for 2015-16 and 2016-17.

Puneet is also one of the co-founders of Ashoka University, is actively supporting the Serendipity Arts Festival and has taken up the cause of raising funds for the Bharat Ke Veer initiative of the Home Ministry. He serves on FICCI’s Executive Committee, co-chairs its manufacturing committee and is a board member at TVS Capital, Central Square Foundation and select companies of the Dalmia Bharat Group.

Relaxo Footwears Page IndustriesRamesh Kumar Dua Sunder Genomal

Strong foothold Business Jockey

63-year old Ramesh Kumar Dua joined his family’s small business of manufacturing rubber slippers in 1974. From the blue and white rubber slippers to the diverse range of footwear made today, Ramesh has steered Relaxo from a small manufacturing unit to become the largest footwear manufacturing company in India.

A commerce graduate and a rubber technologist from Plastics and Rubber Institute, London, he has taken Relaxo to great heights despite stiff competition from local and international players in the category. Under his leadership, the company’s market capitalisation has increased from INR180 million in 1995 to INR80 billion currently.

With a portfolio of 10 brands including Relaxo, Flite, Sparx, Bahamas and Schoolmate, the company has eight manufacturing plants in India with a combined manufacturing capacity of approximately 0.6 million pairs of footwear per day.

Relaxo is well on its path to a double-digit revenue growth in FY18 driven by increased presence in

emerging channels (e-commerce, modern trade), expansion in new/under-penetrated regions and product premiumisation. It is also investing INR1 billion in setting up a plant in Bhiwadi (Rajasthan) and evaluating a franchise-based business model in order to upscale its retail business.

Ramesh’s work has been honoured by many over the years. Business Today magazine named him as one of India’s Best 100 Chief Executive Officers in consumer goods category for three consecutive years in 2014, 2015 and 2016. He has also been acknowledged by Business World magazine as the Most Valuable Chief Executive Officer in 2016. Relaxo was ranked among India’s Top 50 Companies by Forbes in 2017 and featured in ET 500: Future Ready Companies by The Economic Times in 2016.

The company spent INR20.5 million on skill development training, sanitation and education in 2016-17 through the Relaxo Foundation and plans to increase their focus in these activities.

Having enjoyed a successful association with the US innerwear brand Jockey in Philippines, when Sunder Genomal was given the offer of bringing the brand to India in 1994, he took it up realising the potential of the brand despite never having lived or done business in India. He co-founded Page Industries. (Page) to manufacture and market Jockey in India. Page is today the largest international licensee of the Jockey brand in the world.

A post-graduate in industrial management engineering from DeLaSalle University, Philippines, initially it took four years for Sunder to make Page profitable. Through innovative marketing and with high-quality products, he has made Jockey an as-pirational brand in the Indian innerwear segment, in a market where companies traditionally focused on achieving volumes, rather than creating brands. Page reported 1HFY18 sales of INR13.1 billion and market cap of approximately INR253.7 billion (November 2017).

In recognition of his outstanding leadership, Sunder was featured in India’s Best Chief Executive Officers’ list by Business Today in January 2017 and was awarded the Best Chief Executive Officer (Textiles) at the Business Today Best CEO Awards, 2015. In 2012, Page was chosen by Business Standard as the best performing company in the SME category, an award that was handed over to Sunder by the Honourable President of India.

Sunder is a strong believer in creating value for the community. Page is associated with Have a Heart Foundation (contributing toward free heart surgeries of around 40 underprivileged people per year) and Christel House India (providing for the education, meals and healthcare of around 40 children per year).

Bharti Infratel B9 BeveragesAkhil Gupta Ankur Jain

A call for excellence Crafting Bira

Akhil Gupta is the Vice Chairman of Bharti Group and Executive Chairman of Bharti Infratel.

A Chartered Accountant with over 30 years of experience, he has been instrumental in driving the strategic, financial, M&A and business performance initiatives of Bharti. He has led Airtel‘s expansion strategy since inception to make it the largest telecom company in India and the third largest by subscribers globally.

Akhil pioneered the concept of shared telecom infrastructure and in 2007, he was the brain behind the passive mobile infrastructure arm, Bharti Infratel. He also spearheaded the successful public listing of the company in 2012. In addition, he was responsible for setting up of Indus Towers, a joint venture between Bharti Airtel, Vodafone and Idea, which has become the largest tower company in the world and is a unique example of collaborating at the backend while competing at the front end.

Akhil has also been responsible for implementing the transformational initiatives at Airtel, which include the outsourcing deals undertaken by the group in the areas of information technology, network management and outsourcing of call centre management. In June 2010, he was instrumental in executing the Zain Group’s mobile operations acquisition across 15 countries in Africa. This was the second largest outbound deal ever by an Indian firm.

For his contributions to the Bharti Group and the Indian telecom industry, Akhil has been honoured with multiple awards throughout the years, including CEO of the Year at the National Telecom Awards 2012, Asia Corporate Dealmaker Award at the Asia–Pacific M&A ATLAS Awards in 2010 and the CA Business Achiever Award in 2009.

It was a brewery in New York that got Ankur jain, a techie from the Illinois Institute of Technology, Chicago, hooked on to beer. This was during his first stint with entrepreneurship, when he was running a health start-up in the US.

After selling his firm and returning to India, Ankur saw an opportunity in the India beer market and decided to become a beerpreneur. He founded Cerana Beverages in 2009 (later re-named as B9 Beverages) – India’s first craft beer company. The company started as an importer and distributor of premium foreign beers and in 2014 transformed to a manufacturer by launching its own craft beer brand, Bira 91– India’s first bottled craft beer. Within a short span, Bira 91 has grown into India’s leading premium beer brand.

With two breweries in Indore and Nagpur, the company has a bottling capacity of about 4.2 million cases a year and currently produces approximately 300,000 cases a month.

The company has also developed India’s first branded independent draft beer dispense network (Craft Beer Hive) amongst restaurants and bars. Bira 91 is available in 22 cities in India and has already made a successful entry into the US market last year. The company’s investors include Sequoia Capital India Advisors and Snapdeal co-founders Kunal Bahl and Rohit Bansal. It also plans to enter new cities in India and five new international markets including the UK, Singapore, Hong Kong, Thailand and the United Arab Emirates.

In May 2017, Bira 91 became the first Indian beer brand to be served at the United Nations’ North Delegate Lobby. It has also received four awards for its brands at the World Beer Awards, 2017. Bira 91 has also partnered with the 2017 Global Citizen Festival, held in New York, which supports the movement to end extreme poverty by 2030.

Ankur, too, has received many accolades, including being named in Fortune India’s Top 40 Under 40 as well as GQ India’s 50 Most Influential Young Indian Innovators in 2016 and 2017.

Massive Restaurants ZerodhaZorawar Kalra Nithin Kamath

An empire built on bold flavours Trading genius

Regarded as ‘the Prince of Indian cuisine’, Zorawar Kalra is often credited with reinventing and reintroducing the Indian cuisine to food lovers. Launched in December 2012, his venture Massive Restaurants won over 19 prestigious awards under various categories in its first year of operations.

With an immense passion for food and an entrepreneurial bend of mind, Zorawar has successfully led Massive Restaurants to currently operate a total of 16 outlets under critically acclaimed brands, including the signature Masala Library by Jiggs Kalra, smart, casual dining restaurant Made in Punjab, modern Indian bistro concept Farzi Café, modern pan-Asian bistro concept Pa Ya, a cutting-edge, scientific laboratory style bar experience Masala Bar, cuisine-agnostic, modern freestyle bar and kitchen KODE and unlimited grill and brewery concept BBQ’D.

These outlets cater to around 1.8 million customers annually. The company is also planning to introduce a modern Thai concept BOTH and Mithai by Jiggs Kalra this year.

Massive has also signed a multiple-franchise agreement of INR1,930 million with a Dubai-based hospitality focused fund to launch its franchised outlets across the globe. From FY15 to FY17, the company’s net sales grew at a CAGR of about 89%. The company has plans to double the number of outlets in India and strengthen its international presence with major focus on the Middle East and Europe.

A celebrated chef, Zorawar has been recognised by multiple organisation for his contribution to Indian cuisine. He featured in the GQ Men of the Year 2017 list by GQ magazine for excellence in service and hospitality in India and has been selected among 50 Most Influential Young Indians by GQ India for three consecutive years - 2017, 2016 and 2015. He was also selected in the Forty under 40 - India’s Hottest Young Business Leaders list by The Economic Times in 2016.

38 year-old Nithin Kamath was in his teens when he traded for the first time, only to go bust within five years. However, he did not give up. Son of a veena teacher and a bank officer, Nithin took up a night job at a call centre to pursue trading during the day.

Later, he joined Reliance Money as a sub-broker and was making enough money to make heads turn. In 2008, he made exceptional returns while going short on the market, and started working to build an online brokerage business. It was August 2010 when Zerodha took shape.

Since then, Zerodha has made a significant impact on the Indian broking industry by breaking the cost and technology barriers faced by traditional traders. The company charges one of the lowest rates per executed order for trading stocks, currencies, mutual funds, commodities, futures and options. Its innovative business model – characterised by minimal usage of relationship managers, limited physical presence and absence of marketing overheads – allows it to pass on the

cost benefit to customers in the form of lower brokerage fees. With a customer base of over 600,000, Zerodha has an average daily turnover of INR100 billion (July 2017).

The company is heavily investing in incorporating new digital technologies such as machine learning and analytics to offer various services to its new and existing customers. Another focus area for Nithin is the expansion of Zerodha’s operations overseas.

His strong business acumen has placed him on the list of 10 businessmen to watch out for in 2016 by The Economic Times. He was also awarded the Emerging Entrepreneur of the Year by CII in 2013. Nithin also runs a technology incubator Rainmatter, which provides funding, mentorship and infrastructure to start-ups. With a corpus of INR350 million, it has invested around INR150 million (as on May 2017) in various start-ups.

GreyOrange India Enzen Global SolutionsSamay Kohli Satheesh Kumar K. R.

Bots in business Fuelled by a greater purpose

An innovator and a disruptor, 31-year old Samay has created a name for himself in the robotics space. An alumnus of BITS Pilani, Samay’s passion for robotics was ignited during his college days when he co-created AcYut, one of the India’s first indigenously created humanoid robots, in 2007.

In 2011, he and his AcYut teammate Akash Gupta co-founded GreyOrange, a company that designs, manufactures and deploys advanced robotics systems for automation at warehouses, distribution and fulfilment centers across the world. Their robots ‘Butler’ and ‘Sorters’ are being used by leading ecommerce and logistics compa-nies in India and around the globe.

Headquartered in Singapore, GreyOrange has grown 300% y-o-y since its inception and covers about 90% of India’s warehouse automation

market. With humble beginnings as a two-member firm in 2011, GreyOrange is now a 650+ strong multinational. It has rapidly expanded its presence across India, APAC (Hong Kong, Singapore and Japan), Germany, UAE and Latin America over the past few years. It was ranked amongst the world’s Top 50 Robotics Companies by Robotics Business Review two years in a row (2016 and 2017).

Samay was the only Indian to make it to the list of global innovators below 35, released by MIT Technology Review in 2016. He has also featured twice in Fortune India’s 40 under 40 (2017 and 2016), along with being recognised in Forbes India 30 under 30 in 2015 and Forbes Asia 30 under 30 2017 lists.

With a passion to make water and energy accessible, affordable and sustainable, Satheesh founded Enzen in 2006. His idea was simple - do whatever it takes to reduce the inefficient use of energy and water by leveraging passion, empathy and knowledge to provide people with access to these life-essentials.

In the past 11 years, Enzen has already touched the lives of over 80 million people and saved the equivalent of over INR48 billion (US$730 million) by removing inefficiencies in the water, gas and power sectors. During the last five years alone, Enzen has provided access to electricity to over 300,000 previously deprived households in rural India besides implementing 75 water and wastewater projects in 5,175 villages.

Under Satheesh’s leadership, Enzen has not only developed an effective model for cross-pollinating best practices across the water, gas and power value chains, but also enabled its Knowledge Practitioners (Enzen’s consultants, engineers and technology experts) to leverage learnings from both developed and developing economies. The key to the company’s success is the outcome-based

approach that Enzen adopts in every project. Enzen has become the partner of choice for over 156 utilities across 12 countries and operates through a portfolio of over 12 group companies and subsidiaries.

Enzen has also been recognised for its innovative approach by several prestigious platforms including Platts Global, which has acknowledged the organisation for its social innovation projects. In addition, Enzen has won the India Power Award several times on account of its constant innovation within the Indian power distribution section. Amongst its other recognitions is that from the Society of British Gas Industry, which has awarded Enzen the Utility Leadership Award.

A postgraduate in computer science and a first-generation entrepreneur, Satheesh exemplifies the mindset of today’s entrepreneurs. He has demonstrated that the passion to drive social change can seed innovative business ideas that can not only create a successful businesses but also drive social change for a sustainable future and better tomorrow.

Manappuram Finance Glenmark PharmaceuticalsV. P. Nandakumar Glenn Saldanha

The Midas touch Mark of health

When V.P. Nandakumar took over his father’s pawnshop in 1986, it had just one branch and capital of merely INR5,00,000. Today, he has transformed Manappuram Finance into one of India’s leading publicly listed gold loan non-banking financial companies with 4,100+ branches and assets under management of INR136.6 billion (FY17).

Under his leadership, Manappuram Finance has acquired many firsts to its name - the first NBFC in Kerala to get itself credit rated and listed on the BSE (1995), authorisation to accept deposits by RBI (1996), receive Certificate of Registration from the RBI (1998), secure foreign institutional investment (INR700 million from Sequoia Capital and Hudson Equity in 2007), and garner funds through the QIP route (INR2,450 million raised in March 2010). One of the early adopters of core banking platform, Manappuram started its online gold loan service in 2015 and is now working towards IoT-based storage technologies to make gold storage at branches safer.

V.P. Nandakumar has received numerous recognitions for his contributions to the business. In January 2017, he was ranked amongst the top 40 CEOs in the BFSI sector by Business Today. Manappuram Finance was recognised as the Best NBFC for Gold Loan Business by the India Bullion Jewellery Association in March 2017, and was ranked 13th in the list of Top 20 wealth creators published by MoneyLife in January 2017.

V.P. Nandakumar’s vision for the company is to become a multi-product NBFC with equal contribution of the gold and non-gold segments to revenue, targeting fee based income through cross-selling. However, his focus on business does not impede his engagement with the wider community. In 2009, he established the Manappuram Foundation. Its innovative social initiatives received a special commendation at the Golden Peacock Awards for Corporate Social Responsibility in 2015.

47 year-old Glenn Saldanha is a second generation entrepreneur and is currently serving as Chairman and Managing Director of Glenmark Pharmaceuticals (GPL). When he took charge of the company in 1998 from his father Gracias Saldanha (founder of Glenmark), he knew he had big shoes to fill. But he came with a vision - to discover, develop and market India’s first innovative drug globally.

Although his decision to move the company’s interests from imitating old drugs to trying to innovate new ones was met with resistance from investors and his father, he persevered. Today, that perseverance is very close to reaping benefits. Glenmark is on the fast track to launch one of its innovations in the market in the next few years.

Over the past two decades, Glenn has steered Glenmark from an India-focused generics pharma player to an innovative global company, with presence across 80 countries. Under his

leadership, the company’s revenue has increased to INR90 billion from INR1.5 billion nearly two decades ago. His focus on international markets is also bearing results as the company earned 70% of its revenues from international business in 2017, as compared to 8% in 2000. The company has a significant research and development base – two centres for drug discovery and development and another three for generic formulations, and 16 manufacturing facilities, out of which seven are USFDA approved.

Under Glenn’s able leadership, the company has won many industry recognitions. Chief amongst these are Best Company in Emerging Markets and Best Overall Pipeline, and global recognition received at the SCRIP Awards 2011. Glenn himself has been honoured with the Swiss Ambassador’s Award for Exceptional Innovation by the Government of Switzerland, only the third Indian to have achieved this.

Edelweiss Group SpiceJetRashesh Shah Ajay Singh

The marathon man Flying high

Rashesh Shah has always believed in the long haul, be it running marathons or his journey as an entrepreneur, driving growth for the Edelweiss Group - a diversified financial services conglomerate. Using an initial capital of INR10 million to make the most of the capital market opportunity in the post-liberalisation era, this IIM Ahmedabad alumnus grew the net worth of Edel-weiss to INR55 billion in just over 20 years.

Today, the 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 busi-ness by diversifying into the NBFC segment and asset management, which helped it successfully navigate the 2008 global financial crisis.

Rashesh started his professional journey with ICICI Bank before he co-founded Edelweiss. His fo-cus on innovation and passion for growth through expansion into related/adjacent markets have been key differentiators for the firm.

Under his leadership, Edelweiss has been featured among Forbes India’s Super 50 Companies (2017) and has won several industry awards, including Best Wealth Manager - Rising Star, India by The Asset magazine (2016), Best Life Insurer (for Edelweiss Tokio Life Insurance) by Outlook Money (2016) and the Golden Peacock Award for Risk Management (2016).

Rashesh serves as President of FICCI and is part of the High-level Task Force on Public Credit Registry for India as well as the Insolvency Law Committee. He has also served on several committees of NSE and SEBI.

Rashesh is also deeply involved in EdelGive Foundation, which was set up in 2008 with a primary focus on education, livelihood and women empowerment and extended focus on health and water problems. With presence in 14 Indian states, the Foundation has supported close to 100 NGOs with a funding of around INR700 million.

Ajay Singh, Co-founder, Chairman and Managing Director of SpiceJet Limited, can be credited with one of the most remarkable turnaround stories of recent times. SpiceJet was staring at an imminent shutdown in December 2014, when Ajay came back on-board and gave the airline its new wings. SpiceJet has not looked back ever since. The airline has been profitable for 11 consecutive quarters with a load factor of over 90% for 32 months in a row-a global aviation record.

Under his leadership, the company focused on cost-reduction including renegotiating lease contracts, streamlining distribution channel, enhancing operational efficiency, increasing ancillary revenue base, deploying capacity internationally and adopting aggressive marketing initiatives to restore consumer confidence and become profitable. SpiceJet received the World Travel Leaders award at the World Travel Mart Awards in November 2016 for its dramatic turnaround and use of innovation to rebuild customer loyalty.

A first-generation entrepreneur, Ajay is passionately committed to building more air routes and resonates the Government’s vision of strengthening regional connectivity. SpiceJet has recently placed an order of up to 50 Bombardier Q400, which came soon after the order for up to 205 narrow and wide bodied aircraft – the biggest order placed by any Indian airline with Boeing in its history. This will help create the single largest regional fleet in the country, giving further impetus to regional connectivity.

An alumni of IIT Delhi and Cornell University, USA, Ajay has also served as an Officer on Special Duty (OSD) to the then I&B Minister when he assisted in revamping the national broadcaster Doordarshan and played a key role in the launch of DD Sports and DD News. Later, as OSD in the telecom ministry, Ajay helped draft the National Telecom Policy and the Information Technology Act.

ReNew Power Ventures Keva (SH Kelkar) Sumant Sinha Kedar Vaze

Transforming energy The scent of success

Born into an illustrious family, Sumant was in the middle of a long and impressive professional career when he saw an opportunity in the renewable energy sector and decided to go the entrepreneurial way. He founded ReNew Power in 2011 to tap the potential of renewable power generation in India.

After graduating from Columbia University’s School of International and Public Affairs, Sumant started out as an investment banker. His first experience of running a business hands-on was at the Aditya Birla Group, where apart from being Chief Financial Officer, he was also spearheading the Group’s retail business. The defining moment in his career came when he decided to join Suzlon as Chief Operating Officer in 2008. That was when he started thinking about climate change and how he could make a contribution to the country by getting into the clean energy space.

The initial challenge for Sumant was raising capital to fund ReNew’s growth. He started off by investing some of his life’s savings but realised that more was required to fund sustainable

growth of the business. It was here that his experience and network at global financial institutions as well as his persistence paid off, and in Goldman Sachs, the company found its first investor.

Since then, under Sumant’s leadership, the company has become one of India’s largest independent power producers (IPP) of renewable energy with more than 3,400 MW (1,713 MW utility scale solar, 1,516 MW wind projects and 130 MW rooftop solar) of commissioned and under-construction clean energy assets–close to 10% of the country’s total installed energy capacity.

Sumant was awarded the Bearer of the Year award at the Indian Solar Week Leadership Awards in 2017 and the Business Leader of the Year Award at the Global Switch Award in 2016. Given the tenacity of the owner and the opportunities offered by the country’s renewable power sector, Sumant’s aim of building the largest renewable energy company in the country does not look too far-fetched.

Kedar Vaze is the third generation of the Vaze family to successfully lead Keva (formerly SHK). Kedar worked at different positions (Chief Technology Officer and Chief Operating Officer) in the organisation before taking on the role of Chief Executive Officer in 2014. Over the years, he has steered Keva from being an Indian family-owned business to a global corporate entity through organic and inorganic growth.

Under his leadership, Keva diversified into the flavours business in 1999-2000 and acquired several companies to grow its traditional line of business. Currently, it manufactures flavours and fragrances which are used as inputs and raw materials in various products. Keva holds 23% of India’s fragrance market and 13% of India’s combined fragrance and flavour market with exports to over 52 countries.

In 2010, Kedar led the acquisition of PFW Aroma Chemicals, a fragrance ingredients maker from the Netherlands, to advance technical expertise. In 2011, he inducted a professional second line of management to bring in corporate expertise, while in 2012 he led the acquisition of Saiba, a leading flavours manufacturer, and also brought in Blackstone as an investor to drive the next wave of growth. In November 2015, he successfully launched the company’s IPO (valuation of INR30 billion) and consolidated Indian and international operations under one entity called ‘Keva’.

A postgraduate from IIT Bombay, Kedar is also a trained perfumer and holds the patents for several fragrance ingredients. Kedar also pursued the Stanford Executive Program from the Graduate School of Business at Stanford in 2014.

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.

Discover more at www.ey.com/in

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Who will inspire us next?Join us for the 19th annual EY Entrepreneur Of The Year™ Awards Banquet to find out.

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