Anushree Bafna, Head, Treasury, Hindustan Zinc, Astute Financial Strategist
Adapting to the changing needs of business through innovative ways of investment, Anushree Bafna, Head of Treasury at Hindustan Zinc employs hedge strategies for the company to minimise market risk to the extent possible
“Financial strategies support the organisation’s vision by aligning resources and capital procurement at optimum cost, ideal allocation of capital for business and investment considering proper diversification and risk management through hedging instruments,” Bafna told BW BusinessWorld.
She said that treasury being the important enabling function for any business entity ensures that funds are directed towards key projects, growth, and sustainability in line with the organisation’s overarching vision.
To effectively cascade financial strategies and create alignment with various employees, the company’s automation plan is discussed in detail initially and progress is monitored even at the CFO level on a daily basis to ensure all are geared towards the achievement of the plan, Bafna said.
In case of investment of surplus funds on a daily basis, various teams are involved which share projected cash flow for the day basis which the treasury team decides on mutual funds wherein investment can be made, she shared.
Bafna informed that the system is built in such a way that surplus funds can be computed automatically after considering the projected cash flow for the day and thereafter investment transactions can be created in the system which then routes it to the bank’s server and mutual funds for necessary funding and investment. The system prompts various signatories for approval of transactions.
