Atul Punj honored with the 'Entrepreneur of the Year 2007' by Ernst & Young
Mr. Atul Punj, Chairman, Punj Lloyd Group was awarded the Ernst & Young Entrepreneur Of The Year® 2007 in the Infrastructure & Construction category by Delhi Chief Minister, Mrs Sheila Dixit, at an awards function held in Taj Palace Hotel on the evening of Tuesday, November 20th. The award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Also present at the occasion were a large number of the country's top industrialists, professionals and senior bureaucrats.
Tweet-- Mr. Atul Punj, Chairman, Punj Lloyd Group was awarded the Ernst & Young Entrepreneur Of The Year® 2007 in the Infrastructure & Construction category by Delhi Chief Minister, Mrs Sheila Dixit, at an awards function held in Taj Palace Hotel on the evening of Tuesday, November 20th. The award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Also present at the occasion were a large number of the country’s top industrialists, professionals and senior bureaucrats.
The award notes Mr Punj’s clear vision, foresight and focused approach to establish the Punj Lloyd Group as the leader in the industry. His entrepreneurial and leadership abilities have not only driven results for the group but have also lead to the growth of the business spanning across the globe winning national and international clients on the way.
Punj Lloyd, which is today a $ 2 billion EPC group, made a humble beginning in 1989 with young Atul receiving an Rs 2 crore engineering business and liability worth Rs 5 crore from out of a family settlement. Today, 18 years later, his foresight and leadership has established Punj Lloyd as a serious contender in the EPC domain. His focus on maintaining high international standards of safety and quality was deeply appreciated by renowned oil and gas majors. It is he who was instrumental in accelerating Punj Lloyd’s phenomenal growth and helping the company expand operations to over 16 countries across the Asia Pacific, Middle East, Caspian, Africa, South Asia, China and Europe. Today, his enterprise has over 9000 multicultural and multi skilled employees, spread across sites world over, yet sharing his spirit and goals to give shape to his dream of taking the Group to greater heights.
His insight led to the acquisition of Singapore based Sembawang and the 125 year old Simon Carves in United Kingdom in 2006 along with joint ventures with market leaders like Swissport and KAEFER. The company’s recent investment in Pipavav Shipyard for offshore fabrication and Ramprastha Group for real estate development has been a product of his careful planning and strategic intent to further business.
The Ernst & Young Entrepreneur Of The Year® awards, for more than two decades now, continue to honor entrepreneurs who have demonstrated excellence in such areas as innovation, financial performance, and personal commitment to their businesses and communities. Mr Punj was selected as a finalist from nearly twenty finalists from over 170 nominations by a panel of independent judges.
Based in New Delhi, Mr Punj is also actively involved with trade associations as well. He is a Member of the Construction Federation of India, Construction Industry Development Council, Member of the International Council, National Committee on Hydrocarbons and National Committee on Logistics of Confederation of Indian Industry. On the Advisory Board of GE’s India Infrastructure, Atul Punj is also Director, Falck Renewables, and Jacob Ballas.
Commenting on the occasion Mr Punj said, “I am indeed humbled by this award. I could not have achieved this without the unconditional support of my entire team”.
Notes to Editor
About Punj Lloyd Limited
Punj Lloyd (BSE SCRIP ID: PUNJLLOYD, NSE SYMBOL: PUNJLLOYD), is the second largest engineering and construction companies in India providing integrated design, engineering, procurement, construction and project management services for energy and infrastructure sector projects with operations spread across many regions in the Middle East, Caspian, Asia Pacific, Africa and South Asia. For FY07, PLL has recorded consolidated income of Rs 5206 crore and consolidated net profit of Rs 196.03 crore. On a consolidated basis, EBIDTA for the fiscal was Rs 489.70 crore. Further information about the Company is available at www.punjlloyd.com.