CNBC Asia's India Biz award to Sudhakar Ram

Mumbai, Dec 8: Mastek Chairman and Managing Director Sudhakar Ram has been conferred the CNBC Asia's India Business Leader of the year award.

Mr Ram, who took over as Mastek CMD nearly a year ago, has been the catapulting force in identifying the ''Third Wave'' opportunity for the Indian IT industry and in leveraging Mastek's strength as an IT solutions company, a press release here said.

Backed by his rich experience of more than two decades, the unit grew by 40 per cent within only a year, the release said adding that Mr Ram also led the repositioning of Mastek, focusing on a few chosen verticals like ''Insurance'' and ''Government''.

His focus has paid great dividends, with more than 70 per cent of the company's business coming from these domains, the release said.

Speaking on the occasion, Mr Ram said, ''It is truly a privilege and an honour to be a recipient of such a coveted award. This is also a testament of the hard-work and dedicated effort put in by my team at Mastek who have made India proud by delivering solutions that impact not only individual companies but cities and countries as well.'' UNI