Falguni Nayar honoured with the 'EY Entrepreneur Of The Year' Award 2021
Mumbai: Beauty e-commerce platform, Nykaa Founder & CEO Falguni Nayar was named the 'EY Entrepreneur of the Year 2021' at a ceremony held on Tuesday evening.
Nayyar will now represent India at the 'EY World Entrepreneur of the Year Award (WEOY)' on 9 June 2022.
An investment banker turned entrepreneur, Falguni Nayar disrupted a brick-and-mortar industry by taking a digital route to sell beauty products in 2012.
Her start-up, Nykaa, is one of the most profitable start-ups in the country with a strong omni-channel presence. The company recently raised fresh capital for expansion through a blockbuster Initial Public Offer (IPO). Falguni was the recipient of the 'EY Entrepreneur of The Year Award' in the start-up category in 2019.
Larsen & Toubro (L&T) group chairman A M Naik was felicitated with the Lifetime Achievement Award. Having joined L&T in 1965 Naik grew within the ranks to become the chairman and managing director in 2003. He has been instrumental in transforming the engineering services company into one of India’s foremost conglomerates spanning engineering and construction, energy, finance and IT.
Awards were also announced for nine other categories with the winners representing both mature industries and young entrepreneurs from startups including unicorns. The winners were selected by an eminent nine-member independent jury panel led by ICICI Bank's former chairman KV Kamath.
Minister of Labour & Employment and Environment, Forest & Climate Change, Bhupender Yadav was the chief guest of the event. The Minister of State for Finance, Dr Bhagwat K Karad was the guest of honour at the ceremony.
In his address, the chief minister said, “India is marching towards an inclusive and sustainable economy which firmly believes in enabling and enhancing the efficiency and efficacy of our entrepreneurs. It is great to see that this year, EOY Awards has 21 finalists with combined revenues of Rs 1.87 trillion, who collectively employ more than 2,60,000 people; this is a testimony of the nation’s entrepreneurial talent.”
EY Entrepreneur Of The Year™ 2021 Winners :
-EY Entrepreneur of the Year™ 2021
Falguni Nayar, Founder and CEO, FSN E-commerce (Nykaa)
-Lifetime Achievement
A. M. Naik, Group Chairman, Larsen & Toubro
-Category Winners
Start-up: Vidit Aatrey, Co-founder & CEO and Sanjeev Barnwal, Co-founder & CTO, Fashnear Technology (Meesho)
Business Transformation: Abhay Soi, Chairman and Managing Director, Max Healthcare
Manufacturing: Sunil Vachani, Founder and Executive Chairman, Dixon Technologies
Services: Sahil Barua, Co-founder and CEO, Delhivery
Consumer Products & Retail: Shiv Kishan Agarwal, Chairman; and Manohar Lal Agarwal, Chairman and Managing Director respectively, Haldiram Group
Life Sciences & Healthcare: Dr Satyanarayana Chava, Founder and CEO, Laurus Labs
Financial Services: Harshil Mathur, Co-founder and CEO; and Shashank Kumar, Co-founder and CTO, Razorpay
Technology, Media and Telecom: Girish Mathrubootham, Co-founder and CEO, Freshworks
Entrepreneurial CEO: Vivek Vikram Singh, Managing Director and Group CEO, Sona Comstar
EY India chairman and CEO Rajiv Memani said, “The backdrop of the awards this year is one of great resilience of India’s entrepreneurial ingenuity and the country’s growth prospects. Our EY Entrepreneur of the Year 2021 Winners should be celebrated for their success against all odds, especially in today’s business environment, which is more dynamic than ever. Many of the winners are very young and have tremendously scaled their enterprises through innovation, adoption of new-age technologies, and value creation in a very short span of time. I congratulate each one of them for paving the way for other aspiring entrepreneurs and achieving excellence in their respective sectors.”
ICICI Bank former chairman and jury chair of EOY Awards 2021 KV Kamath said, “Each of the EOY 2021 Winners has an outstanding story of entrepreneurial excellence. They have pivoted and grown at a tremendous pace, adopted technology, and built very competitive businesses. On behalf of the Jury, I congratulate all the 2021 Finalists and Winners who are making a commendable impact in their respective ecosystems and truly represent the emergence of a new India.”
Other jury members of the nine-member independent panel included Dr Kiran Mazumdar-Shaw, Chairperson, Biocon; Vibha Padalkar, Managing Director and Chief Executive Officer, HDFC Life; Neeraj Bharadwaj, Managing Director, The Carlyle Group; Amit Dixit, Head Asia Private Equity, Blackstone; Rajnish Kumar, Former Chairman, State Bank of India; Harsh C. Mariwala, Chairman, Marico; Sanjiv Mehta, CEO and Managing Director, Hindustan Unilever; and Gopal Srinivasan, Founder, Chairman and Managing Director, TVS Capital Funds.