NRI wins Queen's Award for Enterprise

Nadeem Ahmed has been conferred Queen's Award for Enterprise 2005, one of UK's most prestigious prizes.

NRI entrepreneur Nadeem Ahmed's Global Tea and Commodities Ltd has been conferred Queen's Award for Enterprise 2005, one of Britain's most prestigious awards for business performance.

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At a glittering function held at the Whitehall Palace on Friday night, Ahmed was presented the hand-made crystal bowl and a certificate on behalf of the Queen amid applause from dignitaries including Indian steel tycoon Lakshmi Mittal and Sir GK Noon.

The Queen's Award for Enterprise is one of UK's most prestigious awards for business performance and recognises the consistent progress in Sustainable Development achieved by the Global Tea over the last decade.

Starting in 1992 with just two employees, the Global Tea now employs 13,500 people with an annual turnover of $132 million.

Accepting the Award, Ahmed, founder and Managing Director of the Global Tea and Commodities said the company has been having a roller coaster ride during the last eight years when it effected 12 acquisitions, 11 of which were making profit now.

"We are poised to double our business in the next two years," he said.