- Vellayan Subbiah wins the EY Entrepreneur of the Year 2023 Award
- Natarajan Chandrasekaran awarded the Special Jury Award and Venu Srinivasan conferred the Lifetime Achievement Award
- EOY Winners also announced in six other Award categories
Mumbai, 24 February 2024: At a glittering celebration of entrepreneurship, Micro Life Sciences (Meril) Founding Member, Shahid Bilakhia, won the EY Entrepreneur of the Year ‘Lifesciences and Healthcare’ 2023 Award.
The eminent nine-member jury, led by KV Kamath, former Chairman of ICICI Bank, selected Shahid for his vision to reduce India’s import dependence on medical devices through investments in R&D and innovation. Under his leadership, Meril has grown at a CAGR of 55% in revenues over the last two years, reaching Rs 2,300 crores in FY23 and recording industry leading EBITDA margins of 35%.
Additionally, Micro Life Sciences has become one of the first Indian companies to domestically manufacture novel, clinically relevant and state-of-the-art products. Today the company offers the widest range of medical solutions in the form of vascular intervention devices, orthopaedic implants, robotics, endo-surgery, ENT products, and in-vitro diagnostics, making it the largest medical devices company in India. Having attained market leadership in India, Shahid is now competing with global giants in 100-plus countries including the US and other regulated markets.
The Chief Guest, Shri Ashwini Vaishnaw, Minister for Railways, Communications and Electronics & Information Technology, felicitated Shahid Bilakhia and other winners including: the EOY 2023 winner, Vellayan Subbiah, Special Jury Award winner, N Chandra, Venu Srinivasan, the lifetime achievement award winner.
The EOY 2023 category winners include: Lalit Keshre, Co-founder, Groww for Start-up category; Sanjay Gupta of APL Apollo Tubes Ltd. for Manufacturing; Anand Deshpande of Persistent Systems in Services category; Rafique A. Malik, Chairman, Metro Brands Ltd. for Consumer Products and Retail; Deepinder Goyal of Zomato in Business Transformation category; Team ICICI Bank (CEO, Sandeep Bakhshi and Executive Directors - Sandeep Batra, Rakesh Jha) for Entrepreneurial CEO category.
Vellayan Subbiah, Chairman, Cholamandalam Finance and Executive Vice Chairman, Tube Investments of India was awarded the esteemed EY Entrepreneur of the Year™ Award 2023 (EOY). Natarajan Chandrasekaran, Chairman of Tata Sons, was conferred the Special Jury Award for his outstanding leadership of the Tata Group and contributions to nation-building. The 2023 Lifetime Achievement Award winner, Venu Srinivasan, Chairman Emeritus of TVS Motor Company, was recognized for his decades of entrepreneurial excellence in revolutionizing the two-wheeler industry in India.
The EOY 2023 winners and finalists collectively represent an impressive revenue of INR 14.7 lakh crore and employ over 12.5 lakh people in India and globally. The 2023 Jury, apart from Jury Chair KV Kamath, included Falguni Nayar, Founder and CEO, Nykaa; Sanjiv Bajaj, Chairman and MD, Bajaj Finserv; Dilip Shanghvi, MD, Sun Pharmaceuticals; Sajjan Jindal, Chairman, JSW Group, Sunish Sharma, Managing Partner and Founder, Kedaara Capital; Ranjan Pai, Chairman, Manipal Group; Shailendra Singh, MD, Peak XV Partners, and Gaurav Trehan, CEO, KKR India.
Reflecting on the winners’ achievements, Rajiv Memani, Chairman and CEO, EY India, said, "I extend my heartfelt congratulations to our esteemed winners and finalists of EOY 2023. They are true symbols of entrepreneurial excellence, who have transformed their businesses and created new markets where none existed. What distinguishes all of them is the scale, customer centricity and innovation with which they have built their businesses."
This prestigious EOY Award program for this year was sponsored by IDFC FIRST Bank.
Farokh Balsara, Partner and EOY India Program Leader, said, “EOY is a celebration of entrepreneurship where each passing year, our winners and finalists inspire us with their steadfast vision, remarkable resilience and passion to make a difference. I congratulate our 2023 winners, who form the distinguished league of entrepreneurs dedicated to building a Better India through their immense contributions to their industries and broader communities.”
25th Anniversary of EY EOY India Awards
The 25th Anniversary of the Awards celebrated the theme of 'Builders of a Better India,' applauding all past winners of the Awards whose resilience, adaptability, and visionary leadership significantly contribute to the nation's progress. Over the past 25 years, notable winners of EOY include industry stalwarts such as Mukesh Ambani (2000), Ratan Tata (2003), Anand Mahindra (2009), Kumar Mangalam Birla (2005), and Sunil Bharti Mittal (2004), among others, whose visionary leadership continues to inspire and contribute to India’s progress. N.R Narayana Murthy (2003), Uday Kotak (2014), and Kiran Mazumdar-Shaw (2020) have bagged the World Entrepreneur Of the Year title. Since its inception in 1999 in India, the EOY program has celebrated over 350 outstanding entrepreneurs.
Read more about the program at EY Entrepreneur Of The Year India
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