BW CFO World Recognises Top CFOs

New Delhi, May 10, 2024: Strong financial strategies are the foundation of any company. As business models become more complex, the role of the CFO and other financial leaders is expanding. Their responsibilities go beyond bookkeeping – they’re now strategic partners. They analyse data and advise on critical business decisions, shaping regulations with a forward-thinking approach. CFOs act as catalysts, encouraging a financial mind-set across the entire organization, which fuels growth and prosperity

The summit was organised by BW Businessworld for CFOs, financial professionals and executives from many businesses will gather to discuss the latest trends, insights, and strategies affecting the finance sector.

To recognise and appreciate remarkable achievements and professional contributions, BW Businessworld is launching the 7th Edition of the top CFO Awards to honour the top CFOs, Controllers, Chief Audit, Company Secretaries and Treasury, among other valuable financial strategists. The day-long event took place at The Imperial, New Delhi.

Leadership In Financial Innovation: Charting The New Frontier

Leadership in financial innovation is akin to navigating uncharted waters, requiring vision, adaptability and strategic foresight. Pioneers in this domain not only anticipate market shifts but also actively shape them, pushing boundaries to redefine the financial landscape.The panellists Prabin Dokania, CFO, Goods and Services Tax Network (GSTN); Sameer Madan, Director Finance, Agilent Technologies, Suparna Banerjee Bhattacharyya, CFO, Schneider Electric Infrastructure and session chair: Resham Suhail, Editorial Lead, BW Disrupt discussed about the effective leadership which combines the technological acumen with a deep understanding of market dynamics, ultimately driving transformative change and shaping the new frontier of finance.

Cultivating Financial Resilience In Dynamic Markets

The panellis, Gaurav Kant, CFO, Shyam Spectra; Preeti Chheda, CFO, K Raheja Corp Investment Managers; Sanjay Upadhyay, Director Finance & Group CFO, Deepak Nitrite; Sushil Kumar, CFO and Whole-Time Director, GE T&D India and session chair: Arjun Yadav, Senior Correspondent, BW Businessworld discussed about the fast-changing markets, being financially resilient is key. It means planning smartly, adapting to change, and managing risks. By spreading out investments, saving for emergencies, and staying updated on market trends, you can handle ups and downs better. This resilience helps secure your financial future.

Ethics And Integrity In Financial Leadership

The panellists, Dharmender Tuteja, CFO, Dalmia Bharat & Dalmia Cement; Nikhil Sohoni, Group CFO, Blue Star; Richa Singh, CFO, Pernod Richard India; Rohit Nayyar, CFO, Wadwani Foundation and session chair: Savi Khanna, Correspondent, BW People discussed about the ethics and integrity are foundational pillars of effective financial leadership. Leaders in finance must prioritise honesty, transparency and accountability to ensure trust and stability in the financial realm. Upholding ethical standards fosters confidence among stakeholders, protects against fraud and ultimately contributes to sustainable business growth. By exemplifying integrity, financial leaders inspire ethical behaviour throughout their organisations, promoting a culture of honesty and responsibility.

Strategic Financial Leadership For Sustainable Growth

The Panellist, Mayank Holani, CFO, Indian Synthetic Rubber; Shekhar Sood, Group CFO, Bajaj Capital; Siddhartha Khaitan, Group CFO, Supply Chain & IT Head, Esme Consumer; Upma Goel, CFO, Piramal Enterprises; Vikas Wadhwan, CFO REA India & Business Head. PropTiger.com and session chair Sumedha Varma, Senior Director, SAP Concur discussed about the strategic financial leadership for sustainable growth is paramount in navigating today’s complex business landscape. It involves adeptly managing resources, foreseeing market shifts and aligning financial decisions with long-term sustainability goals. This approach integrates financial acumen with strategic vision, fostering resilience and adaptability. By prioritising sustainable practices and prudent investments, organisations can secure enduring growth while positively impacting society and the environment.

Empowering Decision-Making With Advanced Financial Analytics

The panellists, Bharat Agrawal, Director Finance, Diversey; Mahendra Lodha, CFO, Bloomsbury India; Saibal Sengupta, CFO, Orient Electric; Shridhar Toshniwal, Director Finance, CK Birla Healthcare and session chair: Reema Bhaduri, Editorial Lead, BW Businessworld, discussed about the significant role of advanced financial analytics in empowering decision-making within their respective organisations. They delved into how leveraging sophisticated analytical tools and methodologies can provide invaluable insights into financial data, enabling more informed and strategic decision-making processes.

AI-Powered Financial Decision-Making: Redifining The Role of CFOs

The panellists Deepak Rastogi, President Finance & Group CFO, Deepak Fertilisers & Petrochemicals; Jyoti Prakash Gadia, Managing Director, Resurgent India, P K Harihara Subramanian, CFO India, Cognizant Technology Solutions; Tanmay Kumar, Group CFO, Shiprocket and session chair: Meha Mathur, Senior Associate Editor, BW Businessworld discussed about the empowering decision-making through advanced financial analytics is pivotal in today’s complex business landscape. Leveraging data-driven insights, organisations navigate uncertainties, optimise resource allocation, and mitigate risks. This strategic approach fosters informed decisions, enhancing competitiveness and sustainability. By harnessing cutting-edge analytics, businesses unlock opportunities and drive growth in dynamic markets.

Sustainable Finance: Ashwani Narang’s Insights At BW CFO Summit 2024

Ashwani Narang, Head of Spend Management, SAP India, expressed his views on the topic “Future-proofing your business with an Intelligent Spend Management solution”.

Narang stresses the importance of staying connected with suppliers and service providers. He says, “If you’re not connecting with your suppliers, there’s a big gap between you and them.” He emphasises that even small actions, like reducing paper usage or choosing sustainable products, can make a big difference. “How many trees did you save today?” he asks, urging listeners to think about their daily impact on the environment.

CFOs: The Heartline Of Business Growth & Governance

In a thought-provoking session at the BW CFO World Finance Leadership & Strategy Summit 2024, Mr. Sethurathnam Ravi, Founder of Ravi Rajan & Co. LLP and Chairman of TFCIL, delivered compelling insights into the pivotal role of Chief Financial Officers (CFOs) in today’s corporate landscape.

The panel discussions were followed by the award ceremony inaugurated by Dr Annurag Batra, Chairman & Editor-in-Chief, BW Businessworld & Founder, exchange4media.