Vellayan Subbiah Named EY World Entrepreneur of the Year 2024
Vellayan Subbiah, Executive Vice Chairman of Tube Investments of India (TII) and Chairman of Cholamandalam Investment and Finance Co Ltd., secured the prestigious EY World Entrepreneur of the Year 2024 award, marking the fourth time an entrepreneur from India has won this global title. His visionary leadership and transformative strategies have propelled both TII and Chola to unprecedented success, earning him recognition on the global stage.
Subbiah’s entrepreneurial journey began with a background in engineering and strategic consulting. He assumed leadership in his family’s business, leading Cholamandalam Investment and Finance through challenging times before being appointed Chairman, achieving remarkable growth in market capitalization. Subsequently, he took the reins at Tube Investments of India (TII), revamping the business model and driving significant share price growth.
Subbiah’s leadership is characterized by a customer-centric approach, innovation, and long-term sustainability. Under his guidance, TII’s subsidiary, CG Power, embarked on constructing India’s first outsourced semiconductor and test facility, showcasing his commitment to industry advancement.
Upon receiving the EY World Entrepreneur of the Year award, Subbiah expressed deep gratitude and emphasized the spirit of entrepreneurship instilled in him from preceding generations. Rajiv Memani, Chairman and CEO at EY India, commended Subbiah’s achievement, highlighting his ability to scale and transform businesses while prioritizing customer needs. Carmine Di Sibio, EY Global Chairman and CEO, lauded Subbiah’s leadership style, emphasizing his humility and dedication to improving the lives of others.
Subbiah’s win underscores India’s entrepreneurial prowess and commitment to sustainable growth. Among nearly 5,000 participants from 47 countries, Subbiah stood out for his entrepreneurial spirit, purpose-driven initiatives, growth trajectory, and impact on the industry.
Subbiah joins the ranks of eminent Indian entrepreneurs who have received this prestigious award, including NR Narayana Murthy, Uday Kotak, and Kiran Majumdar Shaw. His recognition signifies India’s continued prominence in the global entrepreneurial landscape.
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