Kiran Mazumdar-Shaw, chairman of Biocon and Rana Kapoor, CEO of Yes Bank were named as the 2017 Most Respected Entrepreneurs of the Year by Hurun Reports for their role in the growth of their individual business, job creation, philanthropy, and overall contribution to the development of the nation.
Five billionaires won 2017 Industry Achievement Awards for their contribution in their respective sectors. They are Anant Goenka, MD of CEAT Ltd., for manufacturing (tyres), Ajit Isaac, Chairman of the Board of Directors of Quess Corp, for Services, Arun Chittilappilly, MD of Wonderla Holidays Ltd for Amusement Parks and Dr. GSK Velu, Chairman & MD, Trivitron Healthcare Group of Companies, for Medical Technology.
The other coveted awards were received by Jitendra Virwani, Chairman and MD, Embassy Group, who is named 2017 Impact Entrepreneur of the Year, and Arokiaswamy Velumani, MD of Thyrocare Technologies Ltd. as 2017 Self-Made Entrepreneur of the Year.
Kiran Mazumdar-Shaw was the only self-made woman billionaire entrepreneur from India in the Hurun India Rich List 2017. She has grown her business by 200% in the last one year alone. Rana Kapoor on the other hand has been recognised for the innovation in the financial sector in India. The Impact Entrepreneur Award is given to Jitendra Virwani who has not only grown his business of innovative co-working spaces but has significant achievements in philanthropy by adopting 36 schools in Bangalore.
Hurun Awards are given to individuals who have made significant contributions to the economy. The awards are bestowed after careful data gathering and qualitative research of India’s richest individuals. The Hurun Most Respected Entrepreneur Award was first established in 1999. This annual award focusses on two growing economies China and India. The Award is set up to recognise the success stories of entrepreneurs and talk about their stories on a global platform. The London based Hurun Report has been recognising the contributions made by entrepreneurs towards nation building by creating more jobs, build big businesses and engaging in philanthropy.
“China and India are the two economies that will lead the world in the next 10 to 20 years. Hurun has been in China for the last 20 years and we have seen how the Chinese entrepreneurs have grown and come of age. We do see a similar pattern in India. So, this award is really about how we are going to achieve that kind of growth story in India. By identifying the patterns in China, we look at those entrepreneurs in India who have contributed in a similar fashion,” said Anas Rahman Junaid, Hurun Report India, Managing Director and Chief Researcher.
“The awards are decided after a lot of discussion and brainstorming to find out how these entrepreneurs are working on developing new sectors and new industries and contributing in the development of India. The first source of filter for the awards is the Hurun India Rich list which names individuals based on their success in wealth creation. We follow that with a qualitative analysis of how much they have contributed to the economy, the philanthropy work, ethical conduct in doing business and the respect they have achieved in the industry,” he added.
Hurun Awards is one of the most objective awards for individual achievement in wealth creation and nation building. The jury for the Hurun Awards consists of members from Hurun India and China teams, top entrepreneurs from India and UK, members from the Hurun India Rich List, and also senior economists who track India and China.