Robin Raina lauded for philanthropy

Atlanta Business Chronicle - May 19, 2008- Robin Raina, president and CEO of Atlanta-based Ebix Inc., has been honored as the "South Asian Personality of the Year" in a recently held event in New York hosted by Sony Entertainment Television Asia and sponsored by Wal-Mart Stores Inc. and Sam's Club.

Raina won the award for excellence in social service and business. His Robin Raina Foundation has adopted more than 3,500 children across the Indian subcontinent and built 6,000 homes free for the underprivileged. And he has taken Ebix (NASDAQ: EBIX) -- developer and supplier of software and e-commerce products to the insurance industry -- from a $19 million loss in 1999 to a profit of $12.7 million in 2007.

"I dedicate this award to the hundreds of millions of underprivileged people in the world who struggle to provide their family a single meal every day," Raina said. "Poverty knows no boundaries of race, religion, color or geographies. Poverty has become the single largest religion in the world today transcending all these boundaries. The developed world and each one of us who are fortunate in terms of wealth, need to make strong efforts to eradicate poverty from the world map."

© 2008 American City Business Journals