Monaco, June 7, 2024 TUBE Investments’ Executive Vice Chairman, Velayan Subia, said: India Tillian Allen, Chairman of Cholamandalam (Chola) Investment Finance Ltd, has been named EY World Entrepreneur of the Year 2024. Monaco Salle des Etoiles. Velayan was selected from among nearly 5,000 program participants, including 51 winners from 47 countries and regions, competing for the world title. India in the award’s 24-year history.
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Velayan is a transformational business leader with ambitions to change the trajectory of countries, companies and people. He began his career as an engineer and strategy consultant before turning to entrepreneurship nearly 15 years ago when he took over the reins of his family business. Velayan first successfully steered Chola through the global recession and the aftermath of a troubled partnership, eventually becoming the company’s Chairman and growing its market capitalization 60-fold during his tenure.
Starting in 2018, he assumed leadership of TII, a 70-year-old manufacturing company, and initiated a transformation of the entire business through investment reallocation and acquisitions. Since taking over, he has grown TII’s stock price 13-fold. TII’s subsidiary, CG Power, has just begun construction. Indian The first outsourced semiconductor and test facility. In addition to achieving great business success, Vellayan has remained unwavering in his commitment to sustainability and community wellbeing, propelling the company towards significant environmental and social milestones and driving efforts to set new standards in corporate responsibility.
Carmine di SibioEY Global Chairman and CEO said:
“Velayan excels in all the qualities you would expect from an entrepreneur. While the companies he has led have seen impressive growth, his story goes beyond the numbers. His humble and personable leadership style and philosophy of empowering others to live a ‘better life’ epitomize the essence of the EY World Entrepreneur Of The Year award. He has also demonstrated an outstanding track record of giving back through education scholarships, health innovations and environmental activism. Congratulations to Velayan on this worthy global award.”
Velayan SubiaExecutive Vice Chairman of Tube Investments India “We are pleased to be working with TII’s CEO and Chairman of Cholamandalam (Chola) Investment and Finance Co. Ltd,” he said.
“I am incredibly honoured and grateful to be named EY World Entrepreneur of the Year. As part of a fourth-generation family business, the entrepreneurial spirit is deeply ingrained in me and I continue to be inspired by those who came before me and those who followed me alike. I firmly believe that there is no limit to what you can achieve if you see challenges as opportunities and embark on a path of self-improvement. I would like to thank my incredible colleagues who made it all possible. I look forward to building on the legacy of previous winners of this great award by continuing to uplift others through their entrepreneurial journey.”
To celebrate the achievements of visionary leaders who answer the call to transform industries, grow economies and address global challenges, the EY organization hosts its annual World Entrepreneur of the Year event. The annual gathering brings together founders, CEOs and business leaders for a series of networking opportunities and workshops, culminating in the announcement of the winners.
The EY World Entrepreneur of the Year 2024 was selected by an independent panel of judges based on four criteria: entrepreneurial spirit, purpose, growth and impact. This year’s judging panel included a diverse and respected group of entrepreneurs from around the world and was chaired for the second year in a row by Hernan Kazah, co-founder and managing partner at Kaszek Ventures.
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