Ravi Menon, Chairman-Sobha Developers honoured with EY Entrepreneur of the Year Award, '13 in real estate category

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Ravi Menon, Chairman of Sobha Developers Ltd., the country’s leading real estate player was honoured with the prestigious EY Entrepreneur of the Year Award 2013 in Energy, Real Estate and Infrastructure category, making him one of the youngest recipients of this award.



City, State, India., February 21, 2014 - (PressReleasePoint) - Ravi Menon, Chairman of Sobha Developers Ltd., the country’s leading real estate player was honoured with the prestigious EY Entrepreneur of the Year Award 2013 in Energy, Real Estate and Infrastructure category, making him one of the youngest recipients of this award.

Mr. Ravi Menon, Chairman Sobha Developers Ltd. with the prestigious EY Entrepreneur of the Year Award 2013 in Energy, Real Estate and Infrastructure category

From over a total of 350 nominations, Ravi Menon was recognised for creating world class assets working with local constraints, paralleled by global benchmarks. Given his great eye for detail and penchant for quality, Ravi Menon is responsible for creating a brand that evokes trust, loyalty and respect. Mr. R. Seshasayee, Executive Vice Chairman of Ashok Leyland presented this coveted award to Ravi Menon at the glittering award ceremony held in New Delhi yesterday, in the presence of crème de la crème of the business world.

Speaking on the joyous occasion, Ravi Menon said, “I thank the respected members of the Jury and EY for bestowing this honour upon me. It is indeed a privilege to receive this award, which is a testimony of our firm’s vision to set new quality benchmarks and industry standards. Today, Sobha is over 20 years old with focus on delivering high quality products to all our customers. This award will motivate us further to pursue our endeavour in the industry and push our boundaries ahead.”

Ravi Menon has been the force behind the exceptional growth that the Company has witnessed in the last few years. Under his leadership, the Company went public in 2006 and the issue was oversubscribed by a record 126 times! The Company recorded a CAGR growth of 17.2% in revenue and 17.9% in EBITDA from FY 09 to FY 13. He is also known for driving a culture of innovation within the Company.
 
The Company is at a critical juncture where it is widely recognised for its innate prowess in all the 3 Ps – PeopleProcess and Products. It is one of those rare corporate entities in its sector today where its customers, competition and the industry at large, consider one of it the most respectable, credible and transparent organisations. It was awarded the prestigious Builder of the Year in 2013 and the Most Reliable Builder in 2012 by CNBC Real Estate Awards and the Top Indian Real Estate Company by Dun & Bradstreet Corporate Awards 2012 to name a few. 
 
Sobha has attained the position of highest regard, thanks to its sterling leadership. Mr. P.N.C. Menon, Chairman Emeritus - Sobha Developers Ltd., was bestowed with the Lifetime Achievement Award by NDTV and the Pravasi Bharathiya Samman Award by the Government of India among others. Mr. J.C. Sharma, Vice Chairman and Managing Director – Sobha Developers Ltd., was awarded the Asia’s Best CEO award by Institutional Investor magazine and Pathfinders Award for the Most Enterprising CEO by Realty Plus. At this young age, Ravi Menon has also won numerous prestigious awards including thePathfinders Award for the Most Enterprising CXO by Realty Plus Excellence Awards 2013, Young Achievers Award by SiliconIndia, Young Icon of the Year by Building Industry Leadership Awards, Star Realty Magnetic Young Icon by Planman Media and Young Achievers Award by Real Estate Awards, Star Group.

Sobha has also been recognised as a Process driven organisation by various reputed organisations. Some of the awards in this category are the Special Commendation - Golden Peacock Award for Excellence in Corporate Governance, the Muthaih Kasi Trophy for the best organization in India that practices Value Methodology by Invest, Achievement Award for Social Responsibility by CIDC, Eco Friendly Project of the year for the Bayer Eco-Commercial Building by Property Awards, Mother Teresa Special Award for Corporate Citizen 2011 by LIBA and the Employer of the Year Award by Realty Plus. 
 
As far as its Products are concerned, numerous residential and contractual projects of Sobha have also been recognised with prominent awards such as Best 100 percent Complete Residential Project for Sobha Lifestyle at the CNBC Real Estate Awards 2013, Best Individual Dwelling Residential Row House for Sobha Adamus by CREDAI, the Environment Friendly Project of the Year (Residential Category) for Sobha Forest View by Realty Plus, Most Outstanding Structure built in Pune - Infosys Food Court 3 by Indian Concrete Institute and the list goes on. 
 
About EY Entrepreneur of the Year Award:
EY Entrepreneur of the Year is the world’s most prestigious business award for entrepreneurs. It is the first and only truly global award of its kind and it celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in 60 countries. The winners are adjudged through a strong and comprehensive selection process. The Jury comprises 8 eminent members from across industries that was chaired by Mr. Kumar Mangalam Birla, Chairman of Aditya Birla Group.

About Sobha Developers Ltd.
 Founded in 1995, Sobha Developers Limited, a Rs. 22 Billion company, is one of the fastest growing and foremost backward integrated real estate players in the country. It means the Company has all the key competencies and in-house resources to deliver a project from its conceptualisation to completion. Sobha is primarily focused on residential and contractual projects. The Company’s residential projects include presidential apartments, villas, row houses, luxury, super luxury & moderately priced apartments and plotted development. Sobha’s superior execution capability is its core strength.
 
Since inception, Sobha has completed 90 real estate projects and 242 contractual projects covering about 5.74 million square meters (61.73 million square feet) of area. The Company currently has 45 ongoing real estate projects aggregating to 1.76 million square meters (18.90 million square feet) of saleable area, and 34 ongoing contractual projects aggregating to 0.88 million square meters (9.50 million square feet) under various stages of construction. The Company has a real estate footprint in 13 states and 24 cities, some of which are Bangalore, Gurgaon, Chennai, Thrissur, Coimbatore, Pune, Mysore and Kozhikode.
For more information on Sobha Developers Ltd., please visit: www.sobha.com


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