The event, a brain-child of Business Communication Professional Sunil Goenka & was curated by him as well. This is the second edition of the award. The first one being Mumbai Entrepreneurs Award 2021, that was held on 4th December, 2021. Sunil Goenka mentioned that the key philosophy is to honour the true gallants of the Mumbai City Region i.e the Entrepreneurs who take all the risks to foster growth and development. The intent is to award the most deserving in a process benchmarked on achievements and growth Innovation. The key factors of the awards philosophy are based on credibility & trust.