ENTREPRENEURIAL POWER PLAY

Fortune India 40Under40 Awards celebrated the achievements of young business leaders.

- 

THE NINTH EDITION of Fortune India 40Under40 Awards to celebrate the rising power of India’s young business leaders was organised in Mumbai on August 30 — be it scions of legacy companies or firsttime entrepreneurs.

One of India’s iconic business leaders and Padma Bhushan K.V. Kamath, chairperson, National Bank for Financing Infrastructure and Development, felicitated the winners in a glittering ceremony as the chief guest.

As the world goes digital, Indian entrepreneurs and business leaders have launched products and services across a host of industries, including drones, swappable batteries, aerospace, communications, education and sustainable hospitality. Of the 40 winners, 12 were business leaders from legacy firms who made a difference in FY24.

The star-studded evening had two panel discussions and a fireside chat with Kamath, moderated by Shashwat Goenka, vice chairman, RP-Sanjiv Goenka Group. Kamath said everything is going right for India now, and it is a great opportunity for young entrepreneurs. “India is an opportunity centre, so concentrate on Indian opportunities. There may be constraints, but look at India as the primary focus area. I don’t think you will find any better opportunity anywhere else in the world at this point of time, said Kamath, in the chat with Shashwat Goenka.

The first panel discussion, Challenges of Legacy Nexgen vs. First-Timers brought alive nuances of entrepreneurship, covering the challenges and opportunities faced by both Kinds of entrepreneurs — be it young Indians setting up new companies or those reinventing firms that are part of their family face as opposed to what first-timers have to tackle when trying to implement new ideas.