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Vellayan Subbiah, Chairman of Cholamandalam Finance and Executive Vice Chairman of Tube Investments, India, has been awarded the EY Entrepreneur of the Year Award 2023 (EOY).
“A nine-member independent jury led by KV Kamath, former Chairman of ICICI Bank, awarded Velayan Subya EOY 2023 for his bold strategy to transform existing businesses while seizing new opportunities through acquisitions and diversification. “This has not only helped him grow and expand the group to unprecedented scale, but also quadrupled shareholder value in just three years,” EY said in a press release. said in a statement.
Mr. Velayan Subbia will represent India at the EY World Entrepreneur of the Year Awards (WEOY) to be held in Monte Carlo from June 4 to 7, 2024.
Natarajan Chandrasekaran, Chairman of Tata Sons, was awarded the Special Jury Award for his outstanding leadership of the Tata Group and contribution to nation-building. “His bold strategy to strengthen the core business, enable group synergies and focus on scale while building a strong and empowered team has strengthened the group’s market position and increased its market capitalization. It doubled from $170 billion to a staggering $365 billion,” EY said.
2023 Lifetime Achievement Award recipient Veenu Srinivasan, Chairman Emeritus, TVS Motor Company, was recognized for his decades of entrepreneurial excellence that revolutionized the Indian two-wheeler industry. “By embodying quality, innovation and sustainable practices, Venu Srinivasan has won several global and Indian awards, including the prestigious Padma Shri and Padmabu Shan awards in 2010 and his 2020 ” he added.
“Our heartfelt congratulations to the esteemed winners and finalists of EOY 2023. They are true symbols of entrepreneurial excellence who have transformed businesses and created new markets where none existed. EY Rajiv Memani, Chairman and CEO of India, said:
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