QuEST Global Chairman and CEO Ajit Prabhu, was bestowed with the Outstanding Entrepreneur Award for 2014, by the Singapore Indian Chamber of Commerce and Industry (SICCI). Singapore Prime Minister, the Honorable Lee Hsein Loong presented the award during the 90th anniversary dinner of SICCI at Singapore. Babita Prabhu collected the award on behalf of her husband as Ajit Prabhu was on business travel and could not attend the event in person.
Addressing the entrepreneurs and the gathering, the Prime Minister encouraged Indian businesses in Singapore to take advantage of India’s growth and the good relations existing between both the countries.
Launched in 2004, the SICCI-DBS Singapore Indian Entrepreneur Awards are presented annually by SICCI to recognize outstanding Indian entrepreneurs and to serve as a motivation for budding Indian entrepreneurs. Winners were selected by an eminent panel chaired by Inderjit Singh, Member of Parliament and Entrepreneur and comprising of judges from the private and public sectors of Singapore.
The award process includes assessment of an elaborate nomination based on company objectives, strategy set to meet the objectives and main contribution of the nominee to these, financial performance, products & services, leadership ability, entrepreneur resilience, innovation, management, social responsibility, to mention a few. Following this there was an interview with RSM Lio Chim, the Knowledge Advisor for the awards and the panel of judges.
Talking about the award Ajit said, “I am very glad to have received this award from SICCI. QuEST crossed $250m in sales employing today over 4800 globally from a humble beginning in 2007. To succeed in today’s business, companies must have the ability to attract talent globally and learn to nurture them. Businesses must also learn to act swiftly as the world around us is changing quite rapidly. I would also like to take this opportunity to express my gratitude to EDB and SICCI here in Singapore for providing us a platform to be nimble”.
PM Lee Hsein Loong encouraged Indian businesses in Singapore to take advantage of India’s growth and the good relations existing between both the countries.