Honouring the stalwarts who have successfully steered their corporations through some of the most turbulent times in recent past

Y. M. Deosthalee, Larsen & Toubro Limited (L&T) won CFO of the Year at the MCX-SX presented CNBC-TV18 CFO Awards 2009. CNBC-TV18, No. 1 in business worldwide declared the winners of the 4th edition of ‘CFO Awards’, the most coveted awards in the field of finance in India. ‘CFO Awards’ honoured the best minds in finance that have steered their organisations by adopting a strict ‘financial discipline’.

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Some of the dignitaries present on the occasion included Shikha Sharma, Axis Bank and Madhavi Puri Buch - MD, ICICI Securities.

The awards are designed to acknowledge the changing role of the CFOs ranging from cross border M&A to business diversification from business expansion by venturing in newer markets to transforming organizations. The fact that India Inc. emerged comparatively unscathed from the turmoil that engulfed the entire world economy can be attributed to the sound financial policies that India’s CFOs adopted. ‘Financial Discipline’ was increasingly been construed as conservative and retrograde, but Indian companies proved otherwise.

It is to highlight this contribution of these financial wizards of India, that MCX-SX presented the CNBC-TV18 ‘CFO Awards’ 2009.

The winners this year included:
 

Speaking on the occasion, Neel Chowdhury, VP Marketing, CNBC-TV18 and CNBC AWAAZ said, “India’s chapter in the economic turbulence has proven that our companies follow best financial practices. This year nominees have shown a great foresight and kept their organisations on the track by displaying dazzling examples of leadership.”

Methodology and Jury:
The winners of these defining awards are selected through a robust and comprehensive judging process, based on a combination of criteria.

• The first stage involved short-listing of India’s best businesses using quantitative techniques. 
• The second stage consisted of short listing of companies that were then presented to the jury for evaluation.

Mr. J. J. Irani, Director, Tata Sons., was the chairman of the jury panel. The panel consisted of Mr. TV Mohandas Pai, Global HR Head - Infosys, Mr. Keki Mistry, MD - HDFC, Mr. R S Sharma, CMD, ONGC, Mr. Sanjiv Bajaj, Managing Director, Bajaj FinServ Limited, Mr. Sanjay Nayar, CEO and Country Head, KKR and Mr. Ravi Sud, Sr. Vice President & Chief Finance Officer, Hero Honda

About CNBC-TV18:
CNBC-TV 18 is India's No.1 business medium and the undisputed leader in business news. And its leadership epitomizes the fact that India means business. It delivers quality and involved audiences that comprise a comprehensive viewership base greater than similar offerings in the business space across all media. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond.

CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across the country. CNBC-TV18 is currently available in over 30 million households in India.

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