Sarvesh Shahra, the third generation entrepreneur of Madhya Pradesh based Shahra family has been bestowed the prestigious Top 40 under 40 award. Economic Times in association with the Spencer Stuart, a leading global consulting firm has instituted this award. Deepak Parekh, Chairman, HDFC presented the award to Mr. Sarvesh Shahra, Business Head & Specialty Ingredients, Ruchi Soya Industries Limited at a glittering event held in Mumbai.
The award aims at identifying 40 leaders under forty years of age who are the crème-de-la-crème of India Inc’s young upcoming leadership. The methodology comprised of two phases: research and assessment. A list of 2,000 business leaders was drawn up and this was condensed on the basis of due diligence. The jury considered 80 business leaders for the final round. While selecting the 40 winners, the jury considered combination of quantitative business results (growth, margins, and turnaround) as well as qualitative attributes (innovation, reputation, people leadership, and contribution to the ecosystem).
Sarvesh Shahra heads the FMCG division of Ruchi Soya Industries Limited, a leading FMCG Company. He has played an instrumental role in expanding the product range of company’s flagship brand Nutrela. He has expanded the retail and distribution network, formed new R&D, sales, marketing, and supply chain processes. After taking up responsibility of the FMCG Business in 2009, he spearheaded the task of demerging the Consumer Foods Business (FMCG) into a new entity and today, the Consumer Brands Division functions as an independent profit center.
Sarvesh has set up the operations for Ruchi Soya in European Union for sales and distribution to 15 countries within Europe. He has played a pivotal role in Ruchi Soya inking two joint ventures with Japanese multinationals. Ruchi Soya’s JV with Kagome and Mitsui aims to revolutionize the 17 million ton Indian Tomato market by setting up processing of tomatoes in the India. Ruchi Soya has teamed
up with J Oil Mills and Toyota Tsusho Corporation to enter into the business of production and marketing of high quality, functional edible oils.