Ken Bajaj, Frank Islam and Sharad Tak were felicitated by The Indus Entrepreneurs (TiE) at the annual gala of TiE DC in recognition of their risk-taking, mentoring of young entrepreneurs, philanthropy and years of dedication to the local community. The gala was attended by leading US NRI entrepreneurs from Maryland, Virginia and Washington DC. Bajaj founded AppNet, a Web design and e-commerce integration firm that grew to be the fourth largest interactive media services company in the US. AppNet was sold to Commerce One in 2000 for $2 billion. Islam founded IT company, the QSS Group in 1994 and built it to 2000 employees before selling it to Perot Systems in 2007. He is known for his philanthropist activities. Tak is an entrepreneur in computer systems, telecommunications, broadcasting and power plant development. TiE is a non-profit global network of entrepreneurs and professionals, established to foster entrepreneurship and nurture entrepreneurs.