Vellayan Subbiah awarded EY Entrepreneur of The Year 2023

Vellayan Subbiah (Image: srf.com)

Vellayan Subbiah, Chairman of Cholamandalam Finance and Executive Vice Chairman of Tube Investments of India, has been conferred the EY Entrepreneur of the Year Award 2023.

The nine-member jury led by KV Kamath, Former Chairman of ICICI Bank, selected Vellayan Subbiah as the EOY 2023 winner for his "bold strategies to transform existing businesses while seizing new opportunities through acquisitions and diversification, which not only helped him grow his group companies to unprecedented scale but also created four times increase in shareholder value in just three years”.

Subbiah will represent India at the EY World Entrepreneur of the Year Award (WEOY) in Monte Carlo from June 4-7.

Minister for Railways, Communications and Electronics & Information Technology Ashwini Vaishnaw, who was the chief guest, felicitated Vellayan Subbiah along with N Chandrasekaran, Chairman, Tata Sons (Special Jury Award for outstanding leadership of the Tata Group), and Venu Srinivasan, Chairman Emeritus, TVS Motor Company (Lifetime Achievement Award).

EOY 2023 category winners 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; Shahid Bilakhia of Micro Life Sciences in Life Sciences and Healthcare category; Deepinder Goyal, Co-founder, Zomato in Business Transformation category; Team ICICI Bank (CEO, Sandeep Bakhshi and Executive Directors - Sandeep Batra, Rakesh Jha) for Entrepreneurial CEO category, were also felicitated.

Speaking about the achievements of the winners, 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.”

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.