TOP 10 Chief Financial Officer (CFO) in India

In recent times, the role of a CFO in an organization has undergone vast changes. A CFO is not only just a financial authority but a strategic partner to the CEO, supporting in the crucial decision-making and application of strategic methods in the company. Besides making responsible decisions about investment, CFOs today are expected to remain updated with the latest technologies. At present, Indian companies are gearing up for global competition and their outlook is extremely futuristic. With this outlook in hand, the role of CFOs is even more significant. India is one of the best countries in Asia in terms of its geography, culture, and heritage. In the business sector, it has improved significantly over time. Listed down are the top 10 CFOs in India based on their performance, credibility, and talent.

Alok Agarwal

Mr Alok Kumar Agarwal serves as Chief Financial Officer of Reliance. Mr. Alok Kumar Agarwal heads the Wholesale Group at the Company which includes the corporate and financial inclusion business. Mr. Alok Kumar Agarwal started his career in 1989 with Reliance Industries Ltd. as an Engineer. He later worked with ICICI Ltd. for 9 years in project finance department before shifting to ICICI Lombard General Insurance Company Limited. Currently in Reliance, he focuses on global risk management projects besides handling finance related projects. Mr Agarwal has done his B.Tech in Electronic Enginering from Indian Institute of Technology, Kanpur and His MBA from Indian Institute of Management, Ahmedabad. With a rich experience in the field, Mr Agarwal is definitely an extremely efficient officer and one of the best in the country.

Samir Seksaria

Mr. Samir Seksaria, is the Chief financial officer at Tata Consultancy Services. He has an experience in the IT industry of nearly two decades and he has taken significant financial decisions in the company, TCS. Before this, he was in charge of the Business Finance function for TCS, where was responsible for the financial management of the company’s individual operating units and was also responsible for the corporate financial analytics and planning of the company. Samir began his career in TCS in the year 1999 and spent his initial years in consulting assignments involving regulatory compliance, M&A spin offs, amongst others. In his earlier responsibilities, he has played a key role in the Initial Public Offering of TCS in 2004 and subsequently in various other financial transformation journeys such as simplification, straight through processes, early closures, and improved cash management. Mr. Seksaria is an NMIMS, Mumbai graduate and he also finished his Chartered Accountancy from ICAI, Mumbai.

Srinivasan Vaidyanathan

Mr. Srinivasan Vaidyanathan is currently the Chief Financial Officer at HDFC Bank and is responsible for finance and related processes at the Bank.
Prior to this he was Managing Director – Finance & Deputy Treasurer in the Institutional Clients Group, Citigroup, New York. He joined Citi in 1991 and has held regional and global leadership positions in diverse geographies such as Singapore, Hong Kong, and New York. His expertise in products and processes in the areas related to Retail, Cards, & institutional businesses and corporate functions is exceptional.
During his 27 years of stint in Citi, he has successfully led financial control and processes, passionately building the finance function and driving the business results. He has led financial planning; MIS and analysis; treasury; treasury reporting and analysis; and expense control and management. He has also been recognized with Citi Global Consumer Award for Excellence and Citi Chairman’s Award for Service Excellence. He was also part of the Global Consumer Planning Group.
He is a Commerce graduate from Madras University, Mr. Vaidyanathan has various post graduate degrees. He is a Fellow of India Chartered Accountants and Cost & Management Accountants, Fellow of the UK Association of International Accountants, and a Member of CMA, USA. He has also earned an MBA. He is an All India Rank Holder at the Intermediate and Final level of the Institute of Chartered Accountants of India.

Nilanjan Roy

Mr. Nilanjan Roy is currently the Chief Financial Officer at Infosys Ltd. Before this, he was the Global Chief Financial Officer of Bharti Airtel Ltd. and was responsible for the financial operations across India and Africa. He has held different leadership positions at Bharti Airtel for the last thirteen years. Before this, he worked with Unilever for nearly 15 years in their global operations across India, Europe, and the USA.
Mr. Roy is undoubtedly an established financial officer, who has extensive and rich global experience including shareholder value creation, ESG and corporate governance, business partnering, mergers and acquisitions, treasury and funding, investor relations, cost management, taxation, financial accounting and reporting. Nilanjan Roy is a student of Commerce from Delhi University, and is also a chartered accountant.

Ritesh Tiwari

Mr. Ritesh Tiwari is the Executive Director, Finance & IT, and Chief Financial Officer of Hindustan Unilever Limited. He is also the Vice President, Finance for Unilever, South Asia. At present, Mr. Tiwari is the VP of Finance – Global Performance management. He’s based out of the UK. He finished his Chart Accountancy from ICAI, and thereafter joined HUL in the year 1999 as a management trainee. Sanjeev Mehta, the Chief managing director of HUL said that Tiwari’s purpose-driven leadership has taken HUL’s business to new heights. Some significant implications by Tiwari such as GST and GSK consumer healthcare have brought transformational changes in the company’s business, he added. For the past two decades, he has led teams both within and outside India at Unilever in the core finance sector and as a business partner to front-end sales, categories and supply chain. His most recent and commendable role has been in the UK as the Vice President, Finance, Global Performance Management for Unilever and CFO for Unilever International, where he is credited with bringing digital transformation, simplification and leading projects with high business impact. Despite the attack of the second wave of Covid, HUL reported profit growth of 12% and underlying growth of 9% in the first quarter of the Financial Year 2022.

Sandeep Jain

Mr. Sandeep Jain is the Chief Financial Officer at Bajaj Finance Limited and a key member of its executive management team.
He joined Bajaj Finance in 2008 to set up the management accounting practices, and over the years, he has played an integral role in the growth and evolution of the Company. During his tenure he has involved across various roles such as Strategic Planning, CEO’s Office, Financial Planning & Analysis and also headed the Business Re-engineering and Investor Relations functions of the organization. In Bajaj Auto Limited, he started his professional journey in the Internal Audit function handling audits in the areas of materials, system, finance, and indirect taxation.

Jaimin Bhatt

Mr. Jaimin Bhatt is the Chief financial officer as well as the president of Kotak Mahindra Bank. He is the head of the Centre division as well as the Support Division at Kotak Mahindra Bank. His work involves finance, tax, strategy, secretarial, Internal Audit, Management Accounts, legal and compliance. Mr. Bhatt joined Kotak Mahindra finance in the year 1995 in the proprietary investment section.

Jatin Dalal

Mr. Jatin Dalal is Chief Financial Officer for Wipro Limited. He joined Wipro in 2002 and since then he has held various roles in finance and leadership. He led the development of Wipro’s internal Shared Services division (2002-2005) and helped win the coveted Institutional Investor Award for Best IR function in India during his time in corporate treasury (2005-2008). He relocated to the UK in 2009 as the head of finance for Europe and global finance head for three business units: energy and utilities, healthcare, and manufacturing. Immediately prior to his current role, he served as CFO of Wipro’s Global IT Business (2011-2015).
He is a qualified chartered accountant (India), cost and management account (India), chartered global management accountant (UK), and a chartered financial analyst. He holds a bachelor’s degree in engineering from National Institute of Technology (NIT), Surat, India and a Postgraduate Diploma in Business Administration (PGDBA) with a specialization in finance and international business from NMIMS, Mumbai, India.
He is on the NYSE Listed Company Advisory Board at New York Stock Exchange. He is also on various committees of Confederation of Indian Industry (CII). He is a trustee for Wipro Foundation.


Soumen Ray

Mr. Soumen Ray is the new CFO of Bharti Airtel. He is an extremely efficient Chartered Accountant with an experience of more than twenty three years in in financial planning, management accounting, factory commercial, treasury and corporate accounts. Before joining Bharti Airtel, he was the CFO of Bajaj Auto Ltd. He has been associated with the company since 2018, and has worked in the taxation, finance and treasury sectors. Prior to this he has also worked for Viacom, Hindustan Unilever, ITC, Eveready Industries and Airtel etc. where he has held senior positions.

Prateek Aggarwal

Mr. Prateek Aggarwal is the Chief Financial Officer at HCL Technologies Ltd. He is a business-focused finance professional with over 30 years of experience, driving strategic initiatives (both organic and inorganic), financial planning and analysis, business finance and contracting, controllership, investor relations, treasury, insurance, global taxation, and legal and compliance. He also has experience in operations, having managed factories and distribution chains, apart from setting up and running shared services. Prior to this Mr. Aggarwal served as the Chief Financial Officer at Hexaware Technologies, Global CFO at AB Minacs Pvt Ltd, and Vice President at Genpact. He has also been associated with Hindustan Unilever Limited for a tenure of 11 years.

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