Entrepreneur of the Year 2024: Vellayan Subbiah Honored for Exemplary Leadership by EY World

In a grand event held on June 10, 2024, Vellayan Subbiah was awarded the prestigious “Entrepreneur of the Year 2024” by EY World. This award celebrates outstanding entrepreneurs who inspire others with their vision, leadership, and achievements. Vellayan Subbiah stood out among many exceptional leaders due to his remarkable contributions to business and society.

Vellayan Subbiah is the Managing Director of Tube Investments of India (TII), a part of the Murugappa Group. Under his leadership, TII has seen significant growth and innovation. His strategic vision and strong leadership have propelled the company to new heights. Subbiah’s focus on sustainability, technology, and customer-centricity has set TII apart in the industry.

Early Life and Career

Vellayan Subbiah was born into the illustrious Murugappa family, known for their significant contributions to Indian industry. He grew up in an environment that valued hard work, integrity, and innovation. Subbiah’s educational background is impressive. He holds a Bachelor’s degree in Engineering from the Indian Institute of Technology (IIT) Madras and an MBA from the University of Michigan, USA.

Subbiah began his career at McKinsey & Company, where he gained valuable experience in consulting. His work took him across various industries, providing him with a broad perspective on business operations and strategy. This experience proved invaluable when he joined the family business, the Murugappa Group.

Leadership at Tube Investments of India

When Vellayan Subbiah took over as Managing Director of TII, the company was already a well-established name in the manufacturing sector. However, he saw the potential for greater innovation and growth. His leadership style is inclusive, fostering a culture of collaboration and continuous improvement.

One of Subbiah’s key initiatives was the integration of technology into the company’s operations. He championed the adoption of advanced manufacturing techniques and digital tools, which improved efficiency and product quality. This focus on technology has kept TII competitive in a rapidly changing market.

Subbiah also prioritized sustainability. He recognized the growing importance of environmentally friendly practices in business. Under his guidance, TII implemented numerous green initiatives, from reducing carbon emissions to adopting renewable energy sources. These efforts not only benefited the environment but also enhanced the company’s reputation and appeal to eco-conscious customers.

Achievements and Innovations

During Vellayan Subbiah’s tenure, TII has achieved remarkable milestones. The company has expanded its product portfolio, entering new markets and diversifying its offerings. Subbiah’s strategic vision has led to the successful acquisition of several companies, further strengthening TII’s market position.

One notable achievement was the development of a new range of electric bicycles. Recognizing the global shift towards sustainable transportation, Subbiah pushed for the innovation and production of eco-friendly mobility solutions. This move not only addressed a growing market need but also aligned with his commitment to sustainability.

Subbiah’s leadership has also emphasized employee development. He believes that a company’s success is built on the strength of its workforce. TII has invested heavily in training programs, ensuring that employees have the skills and knowledge needed to thrive in a dynamic industry. This focus on human capital has fostered a motivated and capable team, driving the company’s continued success.

Community Engagement and Social Responsibility

Vellayan Subbiah’s impact extends beyond business. He is deeply committed to social responsibility and community engagement. Under his leadership, TII has undertaken numerous CSR initiatives aimed at improving the lives of people in the communities where the company operates.

One of the notable programs is the “Education for All” initiative. This program provides scholarships and educational resources to underprivileged children, ensuring they have access to quality education. Subbiah believes that education is the foundation of a prosperous society, and this initiative reflects his commitment to giving back to the community.

Healthcare is another area where Subbiah has made a significant impact. TII has partnered with local health organizations to provide medical services and support to underserved communities. These efforts have included setting up health camps, providing free medical check-ups, and distributing essential medicines. These initiatives have had a tangible impact on the health and well-being of many individuals.

Recognition and Awards

The “Entrepreneur of the Year 2024” award by EY World is the latest in a series of accolades for Vellayan Subbiah. His leadership and contributions have been widely recognized within the industry. Subbiah has been featured in various business magazines and has received numerous awards for his work in business and social responsibility.

The EY World award is particularly significant because it recognizes not just business success, but also leadership qualities and the ability to inspire others. Vellayan Subbiah embodies these qualities. His vision, determination, and commitment to excellence have made him a role model for aspiring entrepreneurs.

Future Plans and Vision

Looking ahead, Vellayan Subbiah has ambitious plans for TII. He envisions further expansion into international markets, leveraging the company’s strengths in technology and innovation. Subbiah is also focused on enhancing TII’s digital capabilities, ensuring the company remains at the forefront of industry trends.

Sustainability will continue to be a core focus. Subbiah plans to expand TII’s green initiatives, aiming for greater reductions in carbon footprint and increased use of renewable energy. He believes that sustainable practices are not just good for the environment, but also make sound business sense.

Subbiah is also committed to fostering a culture of innovation within the company. He encourages employees at all levels to think creatively and contribute ideas. This culture of innovation is seen as crucial for maintaining TII’s competitive edge and achieving long-term success.


The recognition of Vellayan Subbiah as the “Entrepreneur of the Year 2024” by EY World is a testament to his exceptional leadership and vision. His contributions to business, innovation, and social responsibility have set a high standard for others to follow. Subbiah’s journey from a consultant to a leading entrepreneur is inspiring, showcasing the impact of dedication, strategic thinking, and a commitment to excellence.

Under his leadership, Tube Investments of India has not only achieved significant business success but has also made a positive impact on society. As he continues to lead TII into the future, Vellayan Subbiah’s story serves as a powerful reminder of the transformative power of visionary leadership

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