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Paytm is Forbes India's 'Outstanding Startup for the Year'

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MUMBAI: Paytm, the Noida-based e-commerce platform which would be the biggest gainers of the government decision to scrap Rs 500 and Rs 1000 notes, has pocketed the 'Outstanding Startup for the Year' award at the Forbes India Leadership Awards (FILA) here yesterday. India Inc’s brightest, biggest and bravest entrepreneurs were honoured at FILA.

Lupin’s Vinita & Nilesh Gupta won Forbes India ‘Entrepreneur for the Year 2016’ award and YK Hamied was conferred the Lifetime Achievement award.

The awards across nine categories acknowledged the outstanding contributions of CEOs, entrepreneurs and business leaders who have built enterprises that have had a deep and enduring impact on the economy and the wider society.

“As chroniclers of entrepreneurial capitalism, Forbes India has been celebrating leadership for years. FILA is a one important way we do this where we honour a set of such inspirational business leaders. Now in its sixth year, the awards celebrate those who, by their actions, have made a difference to their organisations, their employees and also to the business segments in which they operate,” said Forbes India editor Sourav Majumdar.

The achievements of this year’s winners assume significance since many of the business leaders felicitated have braved difficult local and global economic conditions to steer their organisations towards operational excellence.

Winners of the FILA 2016:

Outstanding Startup for the Year
Vijay Shekhar Sharma – Paytm

Nextgen Entrepreneur for the Year
Pranav Amin & Shaunak Amin – Alembic Pharmaceuticals

Entrepreneur with Social Impact
P Namperumalsamy – Aravind Eye Care System

Conscious Capitalist Company for the year
Mahindra Finance

Best CEO – Multinational Company
Kenichi Ayukawa – Maruti Suzuki India

Best CEO - Public Sector
Sutirtha Bhattacharya – Coal India

Best CEO - Private Sector
KBS Anand – Asian Paints

Lifetime Achievement Award
Yusuf K Hamied – Cipla

Entrepreneur for the Year
Vinita Gupta & Nilesh Gupta – Lupin

The selection process started with an extensive research along qualitative and quantitative parameters. The long list of nominees for each category was narrowed down to a strong set of three to five nominees per category. A jury headed by Harsh Mariwala, chairman of Marico Ltd, examined the nominations and selected the winners.

Other members of the jury were -- AZB & Partners founder and senior partner Zia Mody, TeamLease Services co-founder and chairman Manish Sabharwal, McKinsey India managing director Noshir Kaka, KKR India managing director Sanjay Nayar, and Omidyar Network partner and Omidyar Network India Advisors managing director Roopa Kudva.

KPMG, Forbes India’s knowledge partners for the event, helped with the
nomination process.

Transformational leadership, which the 2016 edition of the Forbes India Leadership Awards seeks to honour, includes individuals and organisations who have achieved success through their vision, foresight, and business ethics.

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