On 30 September 2015, family business Kolak were announced winners of the 'Family Business of the Year' Award at the annual PwC Private Business Awards ceremony, which was sponsored and presented by Charles Russell Speechlys.
Kolak is a family business which has showed resilience through the downturn, making bold decisions to continue with capital investments, whether building new factory facilities or expanding into new operations, all of which are beginning to show positive results and returns.
Kolak’s Chief Executive Officer and founder Ashok Lakhani said of the win: "We are absolutely thrilled to win this highly prestigious award. It is now some 31 years since I started the business with my brother Bharat. We very much see ourselves as a family business with family values and are looking forward to my son Managing Director Rikin growing the business even further in the future".
Andrew Collins, Partner at Charles Russell Speechlys, commented: "Kolak are a truly impressive family business, ensuring that different generations of the family retain its strategic vision and yet manage to capitalise on innovation and change to adapt their business model".