EY Entrepreneur Of The Year Award 2010 winners announced

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Dilip Shanghvi of Sun Pharmaceutical Industries awarded Entrepreneur Of The Year 2010

Brijmohan Lall Munjal, Hero Honda Motors felicitated with Entrepreneur Of The Year Lifetime Achievement Award

New Delhi, 7 February 2011Mr. Dilip Shanghvi, Chairman & Managing Director, Sun Pharmaceutical Industries Ltd., the leading integrated pharmaceutical company, was today named as the EY Entrepreneur Of The Year 2010. Eight other successful entrepreneurs received these coveted awards across various categories at a magnificent celebratory banquet attended by over 350 people here today.

Mr. Dilip Shanghvi now goes on to represent the country at the EY World Entrepreneur of the Year Award in Monte Carlo, Monaco in June 2011. Chairman of India’s most valuable drug maker with a strong global footprint, Dilip Shanghvi founded Sun Pharmaceuticals Limited in 1983. Mr. Shanghvi has the distinction of having won the EY Entrepreneur of The Year award in the Healthcare and Life Sciences category in 2005.

The EY Entrepreneur Of The Year award is the only business award to be based on self-nomination and is now in its successful 12th year in the country. A record 312 nominations were received for the awards this year, a strong testimony both to the vibrancy of Indian entrepreneurs and the unparalleled stature of the Entrepreneur Of The Year award program. A high-powered jury, led by M. Damodaran, former bureaucrat and chief of SEBI, UTI, IDBI selected the winners.

The lifetime achievement award this year was conferred upon Mr. Brijmohan Lall Munjal, Chairman & Whole Time Director, Hero Honda Motors. In the words of the jury -- an icon, a distinguished global leader and a well respected corporate citizen.

EY Entrepreneur of the Year Winners – 2010:
• Entrepreneur Of The Year 2010: Dilip Shanghvi
, Chairman and MD, Sun Pharmaceutical Industries Ltd;
• Lifetime Achievement : Brijmohan Lall Munjal, Chairman & Whole Time Director, Hero Honda Motors;
• Business Transformation: Rajiv Bajaj, MD, Bajaj Auto Ltd; 
• Life Sciences & Consumer Products: Shyam S. Bhartia and Hari S. Bhartia,
Chairman and MD / Co-Chairman and MD, Jubilant Life sciences Ltd;  
• Services : Rahul Bhatia,
MD, InterGlobe Enterprises Ltd;
• Start-up : N.K. Chaudhary, MD, Jaipur Rugs Company Pvt Ltd; 
• Energy & Infrastructure : Naveen Jindal,
Ex-Vice Chairman and MD, Jindal Steel & Power Ltd;  
• Manager: R. Sridhar,
MD, Shriram Transport Finance Company Ltd;
•  Manufacturing: Mallika Srinivasan, Chairman, Tractors and Farm Equipment Ltd;

Says Rajiv Memani, CEO and Country Managing Partner, EY India: “We at EY are delighted to be a partner in the transformative play of emerging entrepreneurship that holds the key to the promise of a new India. The winners reflect three generations of entrepreneurs coming together; the older business groups who have completely reinvented themselves; the next generation who have built scale at a rapid pace and the first generation of newcomers. As is evident, there is one common thread that binds them together – the passion to make a difference, commitment to excel and build world-class organizations.”

New award categories instituted; What makes the 12th edition of the awards even more memorable is the introduction of two new award categories, the Entrepreneur of the Year – Energy & Infrastructure and Entrepreneur of The Year – Life Sciences and Consumer Products.

Says Farokh Balsara, National Leader for the Entrepreneur Of The Year Program, EY India, “India’s development is inextricably linked to its infrastructure strength and energy availability. Through the Infrastructure and Energy category, we recognise the significant contribution made by an individual who has embarked upon nation-building by successfully creating capital-intensive assets. Domestic consumption spending is driving India’s economic resurgence, while local pharmaceutical firms are emerging as global leaders - our second new category, Life Sciences and Consumer Products, honours an entrepreneur from these vital sectors.”

Only global business award: The EY Entrepreneur of The Year is the only global business award program. Says Mark Otty, Chairman,EY’s Europe, Middle East, Africa and India (EMEIA) Area, who was also present at the award banquet in India, “It is inspiring to see the emergence of Indian entrepreneurs on the global platform. At EY, we are proud to honor such individuals who are building economies, supporting communities and creating jobs. We believe entrepreneurs are the key to economic recovery.”

Jury for the 2010 Program: In addition to the Jury Chair for the Entrepreneur of the Year 2010, Mr M. Damodaran, other jury members include P.R.S. Oberoi, The Oberoi Group; Ms. Naina Lal Kidwai, HSBC India; Mr. Dalip Pathak, Warburg Pincus International; Mr. Sunil Kant Munjal, Hero Corporate Service Limited; 

Mr. A. Vellayan, Murugappa Group; Mr. Rajiv Lall, IDFC Private Equity Company Limited; and Mr. Sanjay Nayar, KKR India Advisors Private Limited.

About The EY Entrepreneur Of The Year Award
EY Entrepreneur Of The Year™ is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, EY Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in 50 countries.

About EY 
EY is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit www.ey.com/india/eoy.

EY refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. EY Private Limited is one of the Indian client serving member firms of Ernst & Young Global Limited.