Piyush Goyal chief visitor at CFO Awards

If there was a 12 months by which chief monetary officers (CFOs) have been put to the take a look at, it was 2020-21. The strain was excessive, and the choices only a few. At a particularly troublesome time when the pandemic disrupted operations as by no means earlier than, a number of CFOs proved they’d what it takes to return up as winners.

The fifth version of the FE CFO Awards, to be held on Friday night in Mumbai, will acknowledge these stand-out professionals.

Piyush Goyal, Union Minister for Commerce & Industry, Consumer Affairs, Textiles, Food and Public Distribution, would be the chief visitor on the operate and provides away the awards.

Also addressing the gathering will probably be Sanjiv Mehta, chairman and managing director, Hindustan Unilever (HUL).

The Lifetime Achievement award has been gained by Seshagiri Rao, Group CFO and Joint MD, JSW Steel, for his excellent efficiency over 4 a long time. He has not simply steadied the ship in troubled instances, he has additionally performed an vital half in JSW Steel’s inorganic development, overseeing 10 acquisitions.

Srikanth Venkatachari, joint CFO, Reliance Industries, will stroll away with the CFO of the Year award for deleveraging the RIL stability sheet after borrowings topped $70 billion whereas guaranteeing the rankings didn’t fall. Venkatachari additionally performed a key function in a number of billion-dollar fairness offers with tech giants and pulled off a big Rs 53,000-crore rights concern.

Twenty CFOs from throughout sectors can even be awarded for his or her sterling performances.

All winners have been chosen by a distinguished jury chaired by Paresh Sukthankar, former deputy managing director, HDFC Bank. The different members have been Amit Chandra, chairperson, Bain Capital, Pradip Shah, chairman, IndAsia Fund Advisors, Ashu Suyash, former MD & CEO, Crisil,
Ajay Srinivasan, CEO, Aditya Birla Capital, and Amit Tandon, MD, IiAS.

Deloitte was the information associate and put collectively the information on financials. Companies have been positioned in one in every of two classes — manufacturing and providers. These have been sub-divided into three sections every; these with a turnover of between Rs 500 crore-Rs 1,500 crore, between Rs 1,500 crore-Rs 3,000 crore and people with a turnover of over Rs 3,000 crore.

The firms have been ranked on the idea of some primary monetary parameters. In selecting the winners, the jury members, after all, took into consideration a number of different elements, together with M&A exercise, the efficiency of the involved sector, company governance, auditors’ feedback and credit score rankings.