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THE IMPORTANCE
It’s more than counting
beans, say the country’s
best CFOs at the Business
Club of winners: Aroon Purie, Editor-In-Chief, Business Today; Kaushik Chatterjee, Vice President (Finance), Tata Steel; Rajan Varma,
CFO, Dabur India; Praveen Kadle, Executive Director (Finance & Corporate Affairs), Tata Motors; K.V. Kamath, CEO & MD, ICICI Bank;
Ashok Wadhwa, Managing Partner & CEO, Ambit-RSM; and Alok Agarwal, President (Finance), Reliance Industries
G
ARLANDING CHIEF
executive officers is Guest K. V. Kamath, CEO & MD, the final six winners.”
common, but chief ICICI Bank, Sanjoy Narayan, Editor, The Editor-In-Chief of Business
financial officers? As Business Today, said: “The CFOs Today, Aroon Purie said: “Both
India Inc strikes multi- were judged largely by their con- journalists’ and CFOs’ images have
million dollar M&A deals in India tributions in terms of conceptual- taken a beating in recent times in
and abroad, the so-called backroom ising, structuring and executing the US . The perception gained
boys are increasingly moving into M&A deals, raising capital and treas- ground that CFOs were a suspect
the limelight. To mark their con- ury management for their respec- breed, blatantly working around
tribution to the success of compa- tive organisations.” Counting the the rules and fudging accounts.
nies, the second Business Today parameters for the final judgement Tougher laws that make CFOs vouch
Best CFO Awards, in association of the scores, Narayan added that for the integrity of their financial
with Ambit-RSM, were presented in “19 companies made it to the final statements have since been intro-
Mumbai. Out of 20 CFOs short- round where a panel of judges, duced and the CFO these days is
listed, six made it to the finals after comprising Manish Chokhani of seen less as a villain.” He also added
rigorous analysis of the financial Enam, Motilal Oswal of Motilal that Indian CFOs are largely on the
performance of their respective Oswal Securities, Prabhat Awasthi ball. Even as they go about growing
companies and scrutiny by an emi- of BRICS Securities and Nilesh Shah their return on equity and creat-
nent panel of judges. of Prudential ICICI as well as ing shareholder value via some