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"Newsmakers from Hyderabad"

Karan Bilimoria
Declared London Entrepreneur of the Year 2003

 
Hyderabad: Karan Bilimoria, Founder and Chief Executive of Cobra Beer was recognised as London’s Entrepreneur of the Year 2003 for Consumer Products, at the Ernst & Young regional award banquet, held on June 23, 2003 to honour the best British entrepreneurs across the country.

"I am extremely honoured to receive such a prestigious award, one that celebrates the achievements of entrepreneurial leaders whose innovation, vision and determination are the driving force of business in the UK today," says Bilimoria.

Created back in 1986 by Ernst & Young, the Entrepreneur Of The Year ® programme is a regional, national and international annual award programme which identifies and recognises the achievements of outstanding entrepreneurs within successful growing dynamic businesses. Growing in stature and prestige through the years, it is now established as the most prestigious business award in more than 35 nations worldwide

In 1990, after having qualified as a Chartered Accountant, London, and graduated in Law from Cambridge University, Karan Bilimoria developed a less gassy Indian lager designed to perfectly compliment Indian cuisine and appeal to lager and ale drinkers alike. Twelve years later, Cobra Beer is stocked in 5,600 Indian restaurants throughout the UK and is also available nationwide in most major supermarkets and off licence chains. Cobra Beer is now one of the fastest growing beer brands in the UK, has been exported to over 30 countries throughout the world and now operates three overseas subsidiaries, in India, the United States, and South Africa.

"What I have come to learn, from creating Cobra Beer from scratch and against all odds in the most competitive beer market in the world, is that if you have the passion, drive and aspiration to succeed, the sky is the limit," adds Bilimoria. "I have been inspired by past winners of the Ernst & Young Entrepreneur of the Year award and I hope that I can inspire future entrepreneurs to follow their dreams".

London entrepreneurs from a wide range of sectors were shortlisted for the awards, which were presented in eight different categories. All of the award recipients will now go forward to the National final, which takes place on Monday 6 October 2003 at Le Meridien Grosvenor House in London.

About Cobra Beer
Launched in April 2002, Cobra Beer is the largest selling bottled Indian beer in the UK. Cobra Beer is one of the fastest growing beer brands in the UK, with a current turnover of £55 million at retail value. It has been exported to over 30 countries worldwide, and has been awarded Gold for two successive years at the 2002 and 2001 Monde Selection, Brussels - World Selection of Quality. It was also listed on the 1999 Virgin Fast Track 100 list of the fastest growing, privately owned companies in the UK. Headquartered in London, UK, Cobra Beer has offices throughout the world, including India, South Africa, and the USA.

Cobra Beer is presently available in New Delhi, Mumbai, Goa, Pune, Kolkata and Hyderabad.

 


Karan Bilimoria:
Cobra Beer Wins "Business of the Year"Award

MK
Reachout's News Bureau
-July  2003

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