Sabu M. Jacob

Last updated

Sabu M. Jacob
Born
Kizhakkambalam, Ernakulam, Kerala, India
Nationality Indian
Alma mater Union Christian College, Aluva
OccupationBusinessman
Parents
  • M. C. Jacob
  • Aleyamma Jacob
AwardsFinalist for EY Entrepreneur of the Year 2015

Sabu M. Jacob (born 11 May 1962) is an Indian businessman from Kerala. He is the managing director of Kitex Garments Limited. [1] He is the chief coordinator and mentor of Twenty20 Kizhakkambalam, a non-profit organization developed as a Total Responsibility Program to effectively contribute to the social and economic development of Kizhakkambalam Panchayath where the company operates the aim is to make Kizhakkambalam the best developed village in India by 2020. [2] [3] [4]

Contents

Biography

Sabu M. Jacob was born to M. C. Jacob, founder chairman of the Anna Kitex Group and one of Kerala's pioneering industrialists. [5] After his schooling he got graduation in Economics. He has been Managing Director of Kitex Garments Ltd since 16 August 2006 and has been its chief financial officer since 25 January 2016. [6] Inspired by his father's entrepreneurial success, Sabu decided to establish a garment unit of his own in 1992. This 100% export oriented business began its operations from Kizhakkambalam in 1995, and has today, emerged as the world's third largest infant wear manufacturing company. [7] The company is listed as one of the best Asian companies by Forbes. [8] As of 27 March 2019, his net worth stands at Rs 2,204 crores. [9]

In 2013 Twenty-20 was founded to implement Corporate Social Responsibility initiatives of the company in Kizhakkambalam, the eastern suburb of Kochi. The long-term objective of Twenty-20 is to make Kizhakkambalam a model village by the year 2020 – a model of sustainable development, replicable anywhere in India and the world. [10] In November 2015 Twenty-20 managed to win local body elections [11] with 69 percent vote share [12] Development initiatives were carried out by Twenty-20 through Housing Projects, [13] Drinking Water Projects, Health, Agriculture, Education, Employment Opportunities, Green initiative, Anti-Corruption, Infrastructure, school upgrades and kindergartens, supplementary diet, Anti Alcohol Movement [14] environmental protection activities and women empowerment programs. [15] [16] [17] [18] [19]

Awards and recognitions

Kitex MD, Sabu M. Jacob featured among the finalists for EY Entrepreneur of the Year 2017. [20]

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References

  1. ↑ "Entrepreneur with a vision to help rural India grow". Deccan Chronicle. 9 March 2018. Retrieved 9 September 2018.
  2. ↑ "Businessman's 2020 revs up Kizhakkambalam poll". Deccan Chronicle . 10 October 2015. Retrieved 20 December 2017.
  3. ↑ "It's a T20 match in Kizhakkambalam". The Hindu. 12 October 2015. Retrieved 20 December 2017– via www.thehindu.com.
  4. ↑ "Kitex gives T20 a new spin in Kizhakambalam – Times of India". The Times of India. 11 June 2015. Retrieved 20 December 2017.
  5. ↑ Tison Thomas (25 July 2011). "M.C.Jacob of Anna Kitex Group – The legendary Business man Part 01" . Retrieved 20 December 2017– via YouTube.
  6. ↑ Admin (17 June 2016). "Sabu.M.Jacob- A true visionary – the fridaymania". www.thefridaymania.com. Retrieved 20 December 2017.
  7. ↑ "Sabu M Jacob – VCCircle". www.vccircle.com. Retrieved 20 December 2017.
  8. ↑ Karmali, Naazneen. "Making Infant Wear With Care Is Child's Play For India's Kitex Garments". forbes.com. Retrieved 20 December 2017.
  9. ↑ "Yusuffali, Ravi Pillai richest Malaylees". Deccan Chronicle . 12 September 2015. Retrieved 27 March 2019.
  10. ↑ "'Business houses can run villages better than political parties'". 18 January 2016.
  11. ↑ "Watch out for Twenty20 at Kizhakkambalam". The Hindu. 25 October 2015. Retrieved 20 December 2017– via www.thehindu.com.
  12. ↑ BASHEER, KPM (18 January 2016). "Twenty20: Disrupting Kerala's political game". thehindubusinessline.com. Retrieved 20 December 2017.
  13. ↑ Warrier, Shobha. "How a company may change India's politics". Rediff. Retrieved 20 December 2017.
  14. ↑ "Kizhakkambalam will be made liquor-free: Twenty20". The Hindu. 9 November 2015. Retrieved 20 December 2017– via www.thehindu.com.
  15. ↑ "Kerala private firm enters panchayat poll fray, fields its own 'Twenty20'". indianexpress.com. 25 October 2015. Retrieved 20 December 2017.
  16. ↑ "Kitex Garments – Interview with Sabu M Jacob, Chairman". www.seasonalmagazine.com. Retrieved 24 October 2017.
  17. ↑ BASHEER, KPM (1 January 2016). "'Business houses can run villages better than political parties'". The Hindu Business Line. Retrieved 24 October 2017.
  18. ↑ "Employee cost rose on back of higher hiring: Sabu Jacob, Kitex Garments". The Economic Times. 2 May 2017. Retrieved 24 October 2017.
  19. ↑ "Q3 is slow, in spite of that we made a turnover of 150 crores: Sabu Jacob, MD, Kitex Garments". The Economic Times. 2017. Retrieved 24 October 2017.
  20. ↑ "EY announces finalists for the 17th EY Entrepreneur of the YearTM awards". Ernst & Young. 2016. Retrieved 19 February 2018.
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