Biocon’s Kiran Mazumdar, Yes Bank’s Kapoor named most respected entrepreneurs

Bengaluru, Dec 18 (IANS) Biotechnology major Biocon's Chairperson Kiran Mazumdar Shah and Yes Bank's Chief Executive Rana Kapoor were on Monday named the most respected entrepreneurs of the year 2017 by the London-based 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 in a statement here.

Realty major Embassy Group Chairman Jitendra Virwani is the Impact Entrepreneur of the year, while Thyrocare Technologies Managing Director Arokiaswamy Velumani is the Self-Made Entrepreneur of the year.

Shaw, 64, the only self-made woman billionaire entrepreneur from India in the Hurun India Rich List 2017, grew her business by 200 per cent in the last one year alone.

"Kapoor has been 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 Managing Director Anant Goenka; software services Quess Corporation Chairman Ajit Issac; amusement parks Wonderland Holidays Managing Director Arun Chittilappilly and Trivitron Healthcare Group Chairman G.S.K. 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," said the statement.

The report recognises 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 10-20 years. We have seen how the Chinese entrepreneurs have grown over the last two decades. We see a similar pattern in India," said Hurun Report India Managing Director and Chief Researcher Anas Rahman Junaid in the statement.

The awards' 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.