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November 16, 2006 |
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Vikram Akula Receives Ernst & Young Entrepreneur of the Year
Start Up Award 2006
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Mumbai, INDIA - Vikram Akula,
Founder and CEO of SKS Microfinance, was awarded the Ernst & Young
Entrepreneur of the Year Start-Up Award 2006 at a gala event
attended by India�s top businesspeople and leaders. Vikram was
honored for founding what has become one of the fastest-growing and
most recognized microfinance institutions in the world.
Sunil Bharti Mittal, chairman, Bharti Enterprises and chairman of
the jury, commended the finalists, �most of them are grassroots
entrepreneurs who have built the �new Bharat� leveraging existing
opportunities in India, by offering innovative products and
solutions. They have created a niche in the marketplace and scripted
their own success stories.�
Before presenting the award to Vikram, jury-member Rama Bijapurkar
isolated alertness, persistence and passion as integral qualities
for a successful start-up entrepreneur. Since 1998, Vikram has led
SKS Microfinance in becoming one of the largest microfinance
organizations in India, with a cumulative disbursement of 500 crores
($110 Million) and a portfolio outstanding of 175 crores ($40
Million). SKS has provided financial services to nearly 400,000
members in 11 states in India.
Upon receiving the award and thanking the jury members for a �bold�
selection, Vikram remarked, �this award is an affirmation of
microfinance as a means of alleviating poverty. In terms of a vision
for the future, as a movement, we want to eradicate poverty not only
in India but also across the world.�
About the Ernst & Young Awards:
The Entrepreneur Of The Year Awards symbolise entrepreneurial
excellence in 125 cities in 40 countries. This year's finalists
epitomise all that the Awards stand for: courage, creativity,
passion, endurance and vision. They have played a significant role
in transforming how India is perceived in the global order and can
be truly considered as "Architects of a New World". Other Finalists
were Anil Agarwal (Vedanta Resources), Anil Singhvi (Gujarat Ambuja
Cement), Girish Agarwal (Dainik Bhaskar Group), Jignesh Shah
(Financial Technologies Ltd.), Karsanbhai K Patel (Nirma Limited),
Kishore Biyani (Pantaloon Retail India Limited), LD Mittal
(International Tractors Ltd), Mahendra Mohan Gupta (Jagran Prakashan),
Manoj Upadhyay (Acme Tele Power), Mukund Choudhary (Spentex
Industries Ltd), Qimat Rai Gupta (Havells India Limited), S.
Ramadorai (Tata Consultancy Services), Ravi Uppal (ABB Group),
Shivinder Mohan Singh (Fortis Healthcare) and Tulsi Tanti (Suzlon
Energy Limited). Tanti was awarded the Ernst & Young Entrepreneur of
the Year Award India 2006.
For more information:
http://www.ey.com/GLOBAL/content.nsf/India/Home
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