Vivek Chaand Sehgal of Motherson Sumi Systems awarded as the EY Entrepreneur of The Year India 2016

New Delhi: Vivek Chaand Sehgal of the Motherson Sumi Systems Limited (MSSL), the flagship company of Samvardhana Motherson Group (SMG), was named the EY Entrepreneur of The Year (EOY) India 2016. Samvardhana Motherson Group, with MSSL, has presence in more than 26 countries across six continents and is amongst the top auto-component suppliers across the globe.

Vivek Chaand Sehgal will now represent India at the EY World Entrepreneur of the Year (WEOY) Award in Monte Carlo, 7–11 June 2017. The EOY is the only global business award program in the world and is now in its 18th year in India.

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The awards were presented by Mr Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy and Mines, and Mrs Nirmala Sitharaman, Minister of State (Independent Charge) for Commerce and Industry, who were the Guests of Honour. Mr Piyush Goyal and Ms Nirmala Sitharaman also presented awards across nine categories in the presence of over 400 guests including eminent business leaders.

Mr Nandan Nilekani was honoured with the Lifetime Achievement Award for his invaluable contribution to the Unique Identification Authority of India (UIDAI) – the Aadhaar initiative, which is a pioneering citizen identification programme, unparalleled in scope and scale worldwide. As the Honorary Advisor to the National Payments Corporation of India (NPCI), he has also helped create the ecosystem for digital financial services in India. He has also played a major role in the growth of the Indian Information Technology industry and is a recipient of the Padma Bhushan, India’s third highest civilian honour, in 2009.

Winners were also announced in nine other award categories:

EOY India 2016 winners:

EY Entrepreneur of The Year 2016: Vivek Chaand Sehgal

Chairman, Motherson Sumi Systems Limited

Lifetime Achievement: Mr Nandan Nilekani

Co-founder, Infosys and Former Chairman, Unique Identification Authority of India (Aadhar card)

Category Winners:

Business Transformation: Dr Abhay Firodia

Chairman, Force Motors

Consumer Products & Retail: Chandubhai Virani

Whole time Director, Balaji Wafers

Entrepreneurial CEO: Uday Shankar

Chairman and Chief Executive Officer, Star India

Financial Services: Vishwavir Ahuja

Managing Director and Chief Executive Officer, RBL Bank

Life Sciences & Healthcare: Samprada Singh and Basudeo Narain Singh

Chairman Emeritus, and Executive Chairman, Alkem Laboratories

Manufacturing: Hari Mohan Bangur

Managing Director, Shree Cement

Real Estate & Infrastructure: Vikas Oberoi

Chairman and Managing Director, Oberoi Realty

Services: R Dinesh

Managing Director, TVS Logistics Services

Start-up: Darshan Patel

Chairman and Managing Director, Vini Cosmetics

Rajiv Memani, Chairman, EY India, said, “Each of our winners this year have taken forward their unique ideas with unwavering determination in the face of adversity. They have taken bold risks and transformed into leading players in their respective industries. Even in a challenging and disruptive business environment, these visionary entrepreneurs are continuously creating value, generating jobs and contributing to building a better working world.”

A distinguished nine-member jury led by Dilip Shanghvi, Managing Director, Sun Pharmaceuticals, selected the winners. Other jury members include Subodh Bhargava, Chairman, Tata Communications; Sanjeev Bikhchandani, Executive Vice-Chairman, Info Edge (India) Limited; Naina Lal Kidwai, Chairman, Max Financial Services; Uday Kotak, Managing Director, Kotak Mahindra Bank; Kalpana Morparia, Chief Executive Officer, JP Morgan Chase South Asia and India; Rishad Premji, Chief Strategy Officer, Wipro; Renuka Ramnath, Managing Director and Chief Executive Officer, Multiples Alternate Asset Management and A Vellayan, Executive Chairman, Murugappa Group.

EOY is the only business award to be based on self-nomination and it is now in its 18th year in India. Says Farokh Balsara, Partner and EOY India Program Leader, “Each of the winners this year, with their disruptive ideas and incredible innovation, has demonstrated perseverance and foresight to scale their businesses. Their stories of courage and ambition are truly inspiring and define the India of today and tomorrow. We, at EY, recognise and applaud the entrepreneurial spirit and exceptional achievements of all the winners.”

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