For making us believe that providing finance services to the poor is profitable. Bandhan Bank has touched the lives of over 6.5 million of India’s poorest borrowers, including women entrepreneurs, self-help groups and small businesses. In August 2015, it turned into a full-fledged bank and today has 605 branches across 27 states with deposits of over 5000 crore rupees.
Chairman of the Poonawalla Group, he drove his company to newer frontiers, emerging as one of the most valuable companies globally. The vaccine king’s privately held Serum Institute of India reported record profits of $295 million. It tied up with US based Visterra to make a drug to treat dengue fever and is also set to invest 150 million rupees to expand its capacity to make a new range of vaccines.
For bringing focus back on manufacturing in India. One year since the high decibel campaign began, the team has improved the perception of India as an attractive investment destination. It has taken steps to make the operating environment in India more favourable with 25 sectors identified for focused interventions. The FDI policy has been liberalised with the opening up of several key sectors like Defence, railways, medical equipment and finance.
For being the only Indian smart phone company to go global and take competition head on! Just six years after entering a highly competitive market dominated by MNCs, Micromax is already India’s number two brand in smart phones and the tenth largest global manufacturer. The company is all set to make in India with a 300 crore investment for plants in Telangana and Rajasthan.
For being one of India’s most innovative start-ups! The home-grown taxi aggregator started by two IIT-ians has stayed on top by constantly expanding and experimenting with newer ideas. From Pink, only- women cabs, to auto rickshaws on demand, to shuttle buses to help commuters in Delhi and even boats in flood-hit Chennai, Ola never misses an opportunity. The most funded local venture even has its own in app digital wallet for payments.
Uday Kotak, the Executive Vice Chairman and Managing Director of Kotak Mahindra Bank, has consistently striven to achieve growth and expand into newer business segments. The billionaire banker lead the acquisition of rival ING Vysya for a 2.4 billion dollar all stock deal, making Kotak the fourth largest bank in the country. The company has also entered the general insurance business and in a separate venture, has teamed up with telecom magnate Sunil Mittal's Airtel M Commerce to start a payments bank that provides basic banking services.