Amit Agarwal, Group CFO, Raymonds Strategic Turnaround
Amit Agarwal, Group CFO of Raymond, has been honoured with the Gold award for Remarkable Transformation at the Best CFO Awards event hosted by BW Businessworld. This accolade recognises his leadership and strategic contributions that have propelled Raymond’s turnaround and business success
Under Agarwal’s guidance, Raymond has achieved significant milestones across key areas. Notably, his focus on optimising working capital has resulted in a remarkable 46 per cent reduction in net working capital (NWC) days, enhancing operating cash flows.
Moreover, his emphasis on cost reduction has led to sustainable cost savings of Rs 400 crore over the last two years, ensuring financial discipline and efficiency within the organisation. Additionally, strategic realignment of the company’s debt-mix, raising approximately Rs 730 crore of long-term debt, has bolstered liquidity and financial stability.
Agarwal’s role in establishing and implementing strategic direction has been pivotal in navigating complex business landscapes. His meticulous financial analysis and market research have laid the foundation for identifying growth opportunities and mitigating risks, positioning Raymond as an industry leader capable of sustained success.
Overall, Agarwal’s leadership and strategic ability affirm his invaluable contributions to Raymond’s performance and growth trajectory.
