Biocon’s Mazumdar, Yes Bank’s Kapoor named most respected entrepreneurs by Hurun report

“Shaw and Kapoor are the most respected entrepreneurs of the year for their role in the growth of their individual business, job creation, philanthropy and contribution to the development of the nation,” said the luxury publishing and events group Hurun. Realty major Embassy Group Chairman Jitendra Virwani is the Impact Entrepreneur of the year, while Thyrocare Technologies MD Arokiaswamy Velumani is the Self-Made Entrepreneur of the year.

Shaw, 64, (pictured) the only self-made woman billionaire entrepreneur from India in the Hurun India Rich List 2017, grew her business by 200 pc in the last year alone.

“Kapoor was recognised for the innovation in the financial sector in India. Virwani, who has grown his business of co-working spaces, has adopted 36 schools in Bengaluru,” said the statement. 

Four billionaires declared winners of the Industry Achievement awards for their contribution in their sectors are tyre maker Ceat MD, Anant Goenka; software services Quess Corporation Chairman, Ajit Issac; amusement parks Wonderland Holidays MD, Arun Chittilappilly and Trivitron Healthcare Group Chairman, GSK Velu. 

The Hurun annual awards are bestowed after careful data gathering and qualitative research of India’s richest individuals. “The most respected entrepreneur award focusses on two growing economies - China and India. The award was set up in 1999 to recognise the success of entrepreneurs and talk about their stories on a global platform,” it said. 

The report recognises contributions made by entrepreneurs towards nation building by creating more jobs, build big businesses and engaging in philanthropy. “China and India are two economies that will lead the world in the next 10-20 years. We have seen how Chinese entrepreneurs have grown over the last two decades. We see a similar pattern in India,” said Hurun Report India MD and Chief Researcher Anas Rahman Junaid. The jury consists of members from Hurun India and China teams, top entrepreneurs from India and Britain, members from the Hurun India Rich List and economists who track India and China.