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Business Icon of The Year: How Vellayan Subbiah is transforming his companies with quiet efficiency

Vellayan Subbiah has disrupted his own businesses and successfully turned around assets. Now he is readying the Murugappa Group for the next phase of growth.
Business Icon Of The Year: How Vellayan Subbiah is transforming his companies with quiet efficiency
The 14th edition of Business Today India's Best CEOs captures a defining moment for India Inc—one shaped by volatility, global realignments, and an urgent push towards resilience. Indian businesses are navigating a challenging global backdrop marked by energy shocks and geopolitical uncertainty, yet demonstrating a clear strategic playbook: Diversify, de-risk, and build domestic capability while staying globally engaged. That spirit is reflected in the leaders featured in this edition. At the centre of this narrative is Vellayan Subbiah, Executive Chairman, Cholamandalam Investment & Finance Company; Vice Chairman, Tube Investments of India; and Chairman, CG Power and Industrial Solutions, honoured as the 'Business Icon of the Year', whose leadership exemplifies this shift. Steering key Murugappa Group companies, Subbiah represents a new generation of leaders balancing legacy with transformation. His focus on aligning corporate strategy with national priorities, particularly in areas like semiconductors and clean mobility, reflects a broader trend of Indian industry moving in step with the country’s long-term ambitions. The issue also celebrates Arundhati Bhattacharya, President & CEO, Salesforce (South Asia), honoured with the 'Lifetime Achievement Award', whose career mirrors the same spirit of reinvention. From leading SBI through major transformation and digital modernisation to now steering Salesforce in South Asia, she represents a rare blend of discipline, adaptability and future-ready leadership. The stories in this issue spotlight visionary leaders who are not merely reacting to disruption, but actively shaping India’s economic future with conviction, agility, and a long-term vision. All this and more in BT Magazine's 14th Edition of BT India's Best CEOs. Now on stands!
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Business Today Magazine’s latest issue turns its focus to a critical theme shaping the future of economies and technology: the growing importance of self-reliance in an era of volatile global supply chains and rapidly advancing artificial intelligence. As geopolitical tensions and energy disruptions expose the vulnerabilities of overdependence on external systems, the conversation around economic and technological sovereignty has become more urgent than ever. At the heart of this issue is the rise of a new generation of Indian technology builders working to develop foundational AI capabilities within the country. The cover story explores how India’s ambitions in artificial intelligence are evolving, the strategic importance of building domestic technological capacity, and why control over core technologies—from AI models to semiconductor ecosystems—will increasingly influence economic resilience and national competitiveness. Beyond artificial intelligence, the issue also examines how global shocks—from supply chain disruptions to energy market volatility—are reinforcing the need for stronger domestic capabilities and strategic buffers. Together, these insights offer a broader perspective on how nations and businesses are preparing for a more uncertain global landscape. All this and more in the latest issue. Now on stands!
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On the 30-year milestone of the BT Best Banks Awards, Business Today’s special magazine edition chronicles a watershed phase for India’s banking system, as resilience shaped over a decade of repair confronts the demands of accelerated expansion. With policymakers recalibrating frameworks to accelerate credit growth, deepen capital access, and align the sector with the country’s long-term economic aspirations, banking is entering a new era shaped by scale, governance, and global integration. This issue examines how regulatory evolution, capital strength, and disciplined execution are converging to redefine the contours of Indian banking and non-banking finance sectors. At a time when profitability, asset quality, and capital buffers are at multi-year highs, the central question is not resilience—but readiness for the next growth cycle. Alongside this macro reset, the 30th edition of the BT–KPMG Best Banks and NBFCs survey evaluates institutions and leaders that exemplify operational excellence, innovation, and sustainable performance in a rapidly transforming landscape. All this and more in BT Magazine's 30th Edition of BT Best Banks. Now on stands!
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Business Today’s latest issue examines a pivotal inflection point in India’s economic trajectory, marked by two major trade pacts in quick succession and a growth-oriented Union Budget that together could redefine the country’s economic prospects. With landmark agreements spanning the US and the EU alongside a calibrated fiscal blueprint, India is attempting a strategic reset—lowering tariff barriers, expanding market access and repositioning itself within rapidly shifting global supply chains amid rising protectionism and technological disruption. Experts share their sharp sector-level view of potential spillovers across exports, energy security, supply chains and strategic autonomy, weighing opportunity against risk for businesses operating in a more transactional world economy. Also, gain access to in-depth insights from the recently held World Governments Summit in Dubai. All this and more in the latest issue. Now on stands!
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The latest issue of Business Today examines a pivotal transition underway in India’s economy and technology landscape, with artificial intelligence emerging as both a stress test and a strategic opportunity for long-standing business models. How is AI reshaping India’s globally significant IT services sector and how will this reinvention open new pathways to growth? Find out how Indian enterprises are recalibrating for an era where productivity, outcomes, and intelligence matter more than scale alone. It highlights the shift from cost arbitrage to expertise-driven services, the reconfiguration of jobs and skills, and the need for sustained investment in AI infrastructure, talent, and governance. The issue also situates this transformation within a broader national context, tracing how policy, public digital infrastructure, start-ups, and global partnerships are converging to shape India’s AI trajectory. Together, these strands present a clear theme: India stands at an inflection point where adaptation, not legacy advantage, will determine competitiveness. All this and more in the latest issue of BT Magazine. On stands now!
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