Objective OF Ernst & Young award ceremony Ernst & Young Entrepreneur of The Year award has recognized

outstanding entrepreneurs in a variety of fields. Award recipients are acknowledged for their vital contributions in building and sustaining businesses, their remarkable success in areas such as innovation and financial performance.

The Entrepreneur of the Year Award recognizes true visionaries who have contributed to economic growth, innovation, and cutting-edge products and services. In inspiring others to emulate the achievements of those whose enterprising dreams have been successful In raising public awareness Selection process:

Ernst & Young follows a robust nomination and selection process. A nominee must be an owner/manager primarily responsible for the recent performance of a company that is at least two years old Founders of public companies are eligible, provided the founder is still active in top management.

Nominations can be submitted by anyone who is associated with a successful entrepreneur These include spouses, employees, bankers, attorneys, public relations managers, or entrepreneurs themselves All financial information submitted on the nomination form will be considered confidential National panels of judges encompass all aspects of entrepreneurship and therefore include distinguished personalities from a wide range of disciplines The finalists and winners are selected from amongst all eligible nominations following an independent process of nomination and selection. All nominations are first subject to scrutiny by a panel of independent business journalists Short listed nominees are then interviewed by business journalists in various cities. The judging criteria include fundamentals such as Vision, Leadership, Social Responsibility and Achievement. It includes a thorough assessment of the entrepreneur's leadership, innovation and integrity, particularly with respect to financial performance and company growth and what is in store for the future .

Determination of the categories in which awards will be presented The Best category: A nominee must be a founder/ owner (or joint founder/owner), primarily responsible for the recent performance of a company that is at least five years old and has an annual turnover of at least R100million. Founders of listed companies are eligible, provided the founder is still active in senior management. The nominee must own some equity to be eligible.

The Emerging category:

A nominee must be a founder/ owner (or joint founder/owner) primarily responsible for the recent performance of a company that is at least two years old and has an annual turnover of at least R20million; The nominee must own some equity to be eligible; Anyone including employees, company advisors and financiers can nominate a successful entrepreneur. Entrepreneurs may nominate themselves and/or their peers.

The Social Entrepreneur category: Every year Ernst & Young, looks for candidates and receives hundreds of suggestions through its network of nominators. Nominees undergo an extensive due diligence process which includes research, interviews, expert evaluations and site visits. The selection criteria includes direct positive social impact, innovation, financial and organisational sustainability, reach and scope, potential replicability in other regions / countries and positive role model

In the past, national Ernst & Young Entrepreneur Of The Year awards have been presented in the categories below. The Ernst & Young National Entrepreneur Of The Year is named from one of these categories

Distribution/Manufacturing/Security Emerging Energy, Chemicals & Mining Financial Services/Investment banking Health Sciences Media/Entertainment/Communications Real Estate/Hospitality/Construction Retail & Consumer Products sevices Technology THE JUDGING CRITERIA:

These are the fundamentals, the panel of judges look for: Entrepreneurial spirit:

Sets very high standards for self and business and demonstrates unflinching desire and determination to be successful. Demonstrates perseverance in the face of adversity and in overcoming obstacles Has undergone significant disappointments and learned from those experiences While he/she relies on trusted individuals and the team, also shows capacity to be an independent thinker and to take risks in the face of uncertainty.

Financial performance: This is reflected in the strength of the organizations financial performance today; if applicable, the track record in raising finance. The quality of past investments; if public, market performance over the past three years; and the strategies in place for long term sustainability. Strategic direction Creates and turns business visions into business realities. Builds and rebuilds the teams commitment to the common goals Demonstrates the ability to produce new products, innovate product use, and differentiate themselves from their competitors Demonstrates entrepreneurial maturity by building strategic alliances and surrounding him/herself with talented people individuals, teams, the Board and a range of advisors/allies to ensure success for all. Global impact: The entrepreneurs global impact can be measured with either revenue, operational, or influential presence in international markets Results of their presence in these markets include job creation and improved living economics. If not currently doing business internationally, a strategy and model international expansion is under development and shows a high degree of potential.

Innovation: Pioneers a new approach in product, culture, or processes. Recognizes the business imperative of anticipating and embracing change occurring in the competitive environment through continuous improvement and innovation in all aspects of the business. Creates a culture of innovation within the organisation. Personal integrity and influence:

Living their values has earned him/her great respect from staff, competitors, customers, advisors, family and the wider community. A culture of corporate social responsibility within the organization demonstrates a commitment to the highest ethical and quality standards in business activities and operations, resulting in an inclusive and flexible workplace, highly regarded reputation, positive social change, impact on the environment and/or improved quality of life within their community.

Venugopal N Dhoot his characteristics & contribution Venugopal Dhoot, a second-generation entrepreneur, transformed Videocon from a conference room sized assembly line in 1979 into a conglomerate across the verticals of consumer electronics and home appliances, office automation, telecom, power, crude oil and natural gas. Videocon's breakthrough came when it received one of the first licences to manufacture color televisions in India in the early 1980s. The company has now become the largest manufacturer of color picture tubes and CPT glasses in the world, with operations across Mexico, Italy, Poland, China and India. Armed with an uncanny foresight and a global outlook, Dhoot has successfully acquired the color picture tube operations of the Thomson Group and the Indian operations of AB Electrolux of Sweden, thereby enhancing its capabilities in both in India as well as overseas. He has led Videocon into exploration and production of oil in India, participated in a joint venture in the Ravva Oil Fields and recently acquired Brazil's Encana Brazil Petroleo Limitada jointly with BPCL Dhoot has a vision to make Videocon a Fortune 500 company in the next five years. The company intends to launch its mobile services on a pan-India basis targeting 10 million subscribers in the next four years Videocon strategises to strengthen its focus on oil and natural gas and is pursuing opportunities in Oman, Australia and Timor Sea, near Indonesia Message: No risk, no gain, but risk should be measured and taken properly so that you become successful