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Vikas Goel, Chairman and Group Managing Director of eSys Technologies, has been adjudged the '2005 Entrepreneur of the Year' at the 4th Ernst & Young's annual Entrepreneur of the Year Awards gala dinner HELD at the Ritz-Carlton Millenia. Goel will now represent Singapore on the global stage for the Ernst & Young World Entrepreneur of the Year Awards which will be held at Monte Carlo, Monaco, in June.
Goel came to Singapore in 1996 and worked as an average salaried employee in American Components, an IT distribution company. He then joined Fujitsu at a slightly better package and later moved to Karma, a small company, with a salary and a share in profits. It was here that his career took off. Karma suddenly collapsed, but Goel made a buyout of the company. After a number of banks in Singapore turned him down, he got a loan of $3.5 million from the Bank of India in Singapore.
He started eSys from a single-room office at Macpherson Road distributing hard drives in India. His sheer hard work and business acumen saw eSys's revenue touch $18 million in the first year itself. Within five years, he turned eSys into a $2-billion organization with 110 offices in 31 countries.
The Ernst & Young Emerging Entrepreneur of the Year award celebrates those who have built companies with strong market positioning, solid foundations for growth and sustainability.
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