Vellayan Subbiah From India Named EY World Entrepreneur Of The Year 2024
Vellayan Subbiah, Executive Vice-Chairman of Tube Investments of India (TII) and Chairman of Cholamandalam (Chola) Investment and Finance Co. Ltd., has been honored as the EY World Entrepreneur Of The Year™ 2024. Selected from nearly 5,000 participants across 47 countries, Vellayan is the fourth Indian recipient in the award's 24-year history. His journey from engineer to strategic consultant to transformative entrepreneur showcases his commitment to changing his country and companies. Vellayan's leadership at Chola saw remarkable growth, with a 60x increase in market capitalization, while his tenure at TII saw share price growth of 13x and initiatives like India's first outsourced semiconductor facility, alongside a strong focus on sustainability and community welfare.
Carmine Di Sibio, EY Global Chairman and CEO, praised Vellayan's holistic approach to entrepreneurship, emphasizing his remarkable business growth alongside a commitment to social responsibility. Vellayan expressed deep gratitude for the honor, highlighting the entrepreneurial spirit ingrained in his family legacy and his dedication to elevating others along his journey. The EY World Entrepreneur of the Year event celebrates visionary leaders like Vellayan who are driving industry transformation and addressing global challenges.

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