Page 2 - Indian Cfos

The Infosys saga: A leadership factory or a company facing crisis

The company has seen nine senior level exits in 2023 alone

OYO elevates Rakesh Kumar as Chief Financial Officer with effect from Jan 1

Hospitality technology platform OYO on Tuesday announced the elevation of Rakesh Kumar to Chief Financial Officer (CFO) with effect from January 1, 2024. Abhishek Gupta, the current CFO, will continue with OYO in an advisory and mentorship capacity, OYO said in a statement. Kumar, who is currently working as Deputy Chief Financial Officer, in his new role as the CFO, will continue driving financial strategy and operational efficiency, the company said. He has been overseeing financial functions, including business finance for all markets, treasury, controllership, shared services, financial and investor reporting, taxation, and financial planning and analysis, it added. In his last six years at OYO, Kumar has played a pivotal role in the company's financial stability during the COVID-19 pandemic. His leadership facilitated successful equity and debt raises and strategic acquisitions. "Rakesh's elevation to the role of CFO is a crucial milestone in our pursuit of financial stabilit

94% Indian CFOs optimistic about nation's economic future: Survey

As many as 94 per cent of Indian chief financial officers expressed confidence in the nation's economic future, displaying the highest optimism across the APAC region, according to the latest Deloitte Asia Pacific (APAC) CFO Survey 2023. According to the report, more than 30 per cent of Asian CFOs have confidence in the nation's economic future, with 71 per cent of Japanese CFOs being more neutral as compared to their Australian (51 per cent) and Chinese (49 per cent) counterparts. Indian CFOs' confidence underscores the resilience and proactive strategies that Indian financial leaders adopt during global economic uncertainties, Deloitte said in a statement. The report titled 'The next set of imperatives for CFOs in the Asia-Pacific region', demonstrates the business imperatives facing organisations of 276 leading CFOs in the region. It highlights CFOs' responses to the near-term business landscape marked by economic fluctuations, slowing growth, surging inflation, and elevated ...

Biocon Biologics appoints Kedar Upadhye as new chief financial officer

Current CFO, MB Chinappa will take on a strategic finance role at Biocon Group

Who is Aparna C Iyer? All you need to know about IT major Wipro's new CFO

On Aparna's appointment, Wipro CEO Thierry Delaporte on Thursday said she is an accomplished and result-driven leader

Wipro appoints Aparna C Iyer as new CFO after Jatin Dalal resigns

Dalal's exit comes at a time when Wipro has been battling several high-level exits in the recent past

Wipro CFO Jatin Pravinchandra Dalal quits, Aparna Iyer takes over charge

Aparna will report to CEO Thierry Delaporte and will join the Wipro Executive Board

SBI's chief financial officer Charanjit Surinder Singh Attra resigns

State Bank of India (SBI) on Monday said its Chief Financial Officer Charanjit Surinder Singh Attra has put in his papers. "... we submit that Charanjit Surinder Singh Attra, Chief Financial Officer, has resigned from the services of the bank, the resignation is accepted by the appropriate authority with effect from close of the business hours on 30th June 2023," the bank said in a filing to stock exchanges. In another filing, the country's largest lender informed about appointment of four director on the bank's central board for a period of three years. Two of the directors, Ketan Shivji Vikamsey and Mrugank Madhukar Paranjape, have been re-elected. The other two directors who have appointed are Rajesh Kumar Dubey and Dharmendra Singh Shekhawat. Shares of SBI shares rose 5 per cent to close at Rs 572.80 apiece on BSE.

In financial frauds, CFOs failing as first gatekeepers: Sebi's S K Mohanty

The Sebi official pointed out that one of the major areas of concern is that the regulator has seen the rise in related-party transactions

CFOs in demand at startups amid funding winter, profitability woes

An increasing number of tech companies and startups are scouting for experts ranging from CFO's to industry executives to manage financial affairs and corporate governance amid a funding winter

The new corner office favourite

Across sectors, CFOs are stepping into the role of CEOs as companies see value in their realistic outlook grounded in numbers

Edtech giant Byju's appoints GE and Vedanta executive Ajay Goel as CFO

The edtech giant hired has hired Goel to the company's financial operations, long-term business strategies, and path to profitability

We thrive on products that have limited competition: Top Sun Pharma execs

In a Q&A, the firm's US business head and its group CFO talk about their plans to scale the specialty products business further, and dwell on the company's strategies post-pandemic

IndiGo names Gaurav Negi new CFO, expands role of strategy head

Negi takes over from Jiten Chopra who is leaving to pursue other interests; new incumbent is the third CFO at the airline in as many years

Rajeev Mantri named chief financial officer of Citi India

He will report to Ashu Khullar, CEO, Citi India and Tim Monger, Asia Pacific CFO, Citi.

Badal Bagri resigns as CFO of Airtel; Soumen Ray named new CFO

Bharti Airtel said Badal Bagri has resigned as Chief Financial Officer of the company to pursue other opportunities and that Soumen Ray has been appointed as new CFO with effect from December 21, 2021

IPO-bound insurer LIC invites applications for post of CFO

The last date for submitting application is October 12, 2021, it said.

Sanjay Miranka joins Poonawalla Group acquired Magma Fincorp as Group CFO

Poonawalla group acquired Magma Fincorp Ltd is pleased to announce the joining of Sanjay Miranka as its Group Chief Financial Officer (Group CFO) effective today.Sanjay will lead the group's resource raising, regulatory compliance & governance, investor interactions, corporate legal, and work with the MD and Group CEO on the strategic transformation.Sanjay is a qualified CA and CS and comes with over 26 years of rich experience across a diverse set of industries like Financial Services, Edible Commodities, and Telecom. He was recently associated with Aditya Birla Finance Ltd (ABFL) for close to 18 years in various capacities such as Head of Capital Market Lending Business and later as CFO.In his tenure as CFO, ABFL's long-term credit rating moved up from "AA+" to "AAA" and he has been instrumental in diversifying the funding sources and achieving one of the lowest cost of funds in the NBFC sector.For his outstanding contribution, he was conferred with "The Best CA CFO Award in ..

TCS announces Samir Sekaria as CFO as incumbent 'Ramki' retires today

Sekaria started his career in TCS in 1999; moved to Corp Finance in 2004, where he played a big role in the firm's IPO; was heading financial analytics before this announcement

CFOs cite long-term, financial impact of global pandemic as top challenge

A majority of CFOs interviewed see the long-term and financial impact of the global pandemic as one of their top challenges over the next three years, according to a survey