CNBC-TV18 CFO Awards 2009 presented by MCX-SX

CNBC-TV18 CFO Awards 2009 presented by MCX-SX

Honouring the stalwarts who have successfully steered their corporations through some of the most turbulent times in recent past.

Mumbai, November 18, 2009: CNBC-TV18, No. 1 in business worldwide declared the winners of the 4th edition of ‘CFO Awards’, the most coveted awards in the field of finance in India. ‘CFO Awards’ honoured the best minds in finance that have steered their organisations by adopting a strict ‘financial discipline’.

The awards ceremony that witnessed the best CFOs across the country come together to celebrate their peers’ achievements was presided over by Mr. Salman Khurshid, Honorable Minister for Corporate Affairs.

Some of the dignitaries present on the occasion included Shikha Sharma, Axis Bank and Madhavi Puri Buch – MD, ICICI Securities.

The awards are designed to acknowledge the changing role of the CFOs ranging from cross border M&A to business diversification from business expansion by venturing in newer markets to transforming organizations. The fact that India Inc. emerged comparatively unscathed from the turmoil that engulfed the entire world economy can be attributed to the sound financial policies that India’s CFOs adopted. ‘Financial Discipline’ was increasingly been construed as conservative and retrograde, but Indian companies proved otherwise.

It is to highlight this contribution of these financial wizards of India, that MCX-SX presented the CNBC-TV18 ‘CFO Awards’ 2009.

The winners this year included:

Category	Winners
Best performing CFO in the Auto and Auto Ancillaries Sector	Ravi Sud, Hero Honda
Best performing CFO in the Banking Sector	Somnath Sengupta, Axis Bank Ltd.
Best performing CFO in the Commodities Sector	K. C. Birla, UltraTech Cement Ltd.
Best performing CFO in the Fast Moving Consumer Goods & Retail Sector Sector	K. Vaidyanath, ITC Ltd.
Best performing CFO in the Capital Goods Sector	Y. M. Deosthalee, Larsen & Toubro Limited (L&T)
Best performing CFO in the Infrastructure Sector	A. K. Singhal, NTPC
Best performing CFO in the IT and ITES Sector	V Balakrishnan, Infosys
Best performing CFO in the Pharma/Healthcare Sector	Sudhir Valia, Sun Pharma
Best performing CFO in the Oil and Gas Sector	L. K. Gupta, MRPL
Best Deal in the M&A Category	Uday Phadke, Mahindra & Mahindra
CFO of the Year	Y. M. Deosthalee, Larsen & Toubro Limited (L&T)

Speaking on the occasion, Neel Chowdhury, VP Marketing, CNBC-TV18 and CNBC AWAAZ said, “India’s chapter in the economic turbulence has proven that our companies follow best financial practices. This year nominees have shown a great foresight and kept their organisations on the track by displaying dazzling examples of leadership.”

Methodology and Jury:

The winners of these defining awards are selected through a robust and comprehensive judging process, based on a combination of criteria.

·The first stage involved short-listing of India’s best businesses using quantitative techniques.

·The second stage consisted of short listing of companies that were then presented to the jury for evaluation.

Mr. J. J. Irani, Director, Tata Sons., was the chairman of the jury panel. The panel consisted of Mr. TV Mohandas Pai, Global HR Head – Infosys, Mr. Keki Mistry, MD – HDFC, Mr. R S Sharma, CMD, ONGC, Mr. Sanjiv Bajaj, Managing Director, Bajaj FinServ Limited, Mr. Sanjay Nayar, CEO and Country Head, KKR and Mr. Ravi Sud, Sr. Vice President & Chief Finance Officer, Hero Honda

For more information please contact:

Karishma Shah / Abhishek Phadnis
Hanmer MS&L Communications Pvt Ltd
022-67524600