YES BANK LIMITED 
By 07-07-2011
New Delhi, July 7, 2011: Business Today, India’s No. 1 business magazine and YES BANK, the new age Indian private sector Bank, announced the winners of the ‘Best CFOAwards 2011’ on July 5, 2011 in New Delhi. The Awards ceremony was graced by the Chief Guest, Hon’ble Shri Pranab Mukherjee, Minister of Finance, Government of India. The occasion was graced by the Guest of Honour Shri Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, Government of Indiaand was attended by government officials, thought leaders, and leading corporates of India. The Business Today Best CFO awards 2011 presented by YES BANK, aim to recognize the finest CFOs in Large and Mid Size companies in India, who struck the right balance for their company by achieving growth objectives while meeting cost containment inrising cost scenario and shareholders expectations. The survey was carried out by YES BANK, where the winners were identified through a three phase evaluation process. This included short listing of the BT 500 companies(excluding the BFSI sector) involving a quantitative analysis (of the FY10 financials), primary market survey of over 60 brokers & fund managers by Synovate, and a final round of discussion by an eminent jury comprising Ashok Chawla, Former Finance Secretary, Renny Thomas, Partner, McKinsey, Mick Gordon, Managing Director, Synovate, and Amit Kumar, Senior President, Corporate & Institutional Banking. The jury panel’s discussions were moderated by Chaitanya Kalbag, Editor, Business Today. THE BUSINESS TODAY - YES BANK BEST CFO AWARD 2011 WINNERS:Best CFO Award for Sustained Wealth Creation – (Large company)• Ravi Sud, Sr. Vice President & Chief Finance Officer, Hero Honda MotorsLtd Best CFO Award for Sustained Wealth Creation – (Mid-size company) • Sangeeta Gulati, Chief Finance Officer, Educomp Solutions Ltd Best CFO award for Remarkable Leverage Management – (Large company) • Akhil Gupta, Deputy Group CEO & MD, Bharti Enterprises Best CFO award for Remarkable Leverage Management – (Mid-size company) • M. Srinivas, GM – F&A, Opto Circuits (India) Ltd Best CFO Award for Consistent Liquidity Management – (Large company) • Ajay Seth, Chief Financial Officer, Maruti Suzuki India Ltd. Best CFO Award for Consistent Liquidity Management – (Mid-size company) • R. Rajendran, Director Finance, Lakshmi Machine Works Ltd. Best Transformation Agent – (Large company) • Y. M. Deosthalee, Whole-time Director & Chief Financial Officer, Larsen & Toubro Ltd. Best Transformation Agent – (Mid-size company) • M.B. Kapadia, Senior Executive Director, Glaxosmithkline Pharma Ltd.. Best CFO Award for Enhancing competiveness through M&As • Uday Phadke, President – Finance, Legal & Financial Services Sector, Mahindra & Mahindra Best Glocal CFO (Managing Financial complexity) • V. Balakrishnan, Chief Financial Officer, Infosys Ltd Best CFO of a Public Sector Unit • D. K. Sarraf, Director (Finance), ONGC Ltd Best CFO with Commitment towards Triple Bottom Line • Sanjeev Churiwala, Chief Financial Officer, Ambuja Cements Ltd. Best Treasurer • Indrajit Banerjee, Executive Director & CFO, Cairn India Ltd Best CFO (Overall Winner) • Y. M. Deosthalee, Whole-time Director & Chief Financial Officer, Larsen & Toubro Ltd.Speaking at the awards function, Aroon Purie, Editor-in-Chief, India Today Group, said“There was the time when CFOs could tell the CEO: “You take the credit, we process the debit”. Today, the CFO is the right hand of the CEO, and many are going onto become the CEO themselves. The CFO is morphing into a strategist who can understand the big picture.” Speaking on the occasion, Rana Kapoor, Founder, Managing Director & CEO, YES BANK said“YES BANK is pleased to be associated with Business Today for the second CFO awards. I sincerely believe that the Chief Financial Officer charts the roadmap for the financial success of an organization and propels it to greater heights through astute financial management and leadership. Through these awards we aim to honour Indian CFOs, who we believe play a pivotal role in strengthening and securing an institution against major risks. It is a matter of great institutional pride and professional gratitude to salute these leaders that have set highest benchmarks for successful growth of their organization.” ABOUT BUSINESS TODAY Business Today is the most read business magazine in India, this fortnightly magazine sets the agenda for other business magazines. Business Today reaches top business leaders and managers, who are also affluent consumers with discriminating tastes and discretionary incomes to match. Its readership encompasses corporate decision makers, institutional and individual investors, businessmen and professional executives. Business Today delivers ‘business foresight’ providing readers with an accurate understanding of what is happening in the world of business, coupled with insights into what is likely to happen in the weeks and months ahead. Each issue provides a unique, smart and lively array of analysis and forecasts on markets, companies and the economy. ABOUT YES BANKYES BANK, India’s new age private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Promoter & Founder, Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “Building the Best Quality Bank of the World in India”. For further information, please contact:
Supriya Saxena | Ranjit Menon |
YES BANK | Adfactors PR |
Ph.: + 91 22 6620 9057 | Ph.: +91 22 22813565 |
Fax: +91 22 24900314 | Fax: +91 22 22813569 |
Email: supriya.saxena@yesbank.in | Email: ranjit.menon@adfactorspr.com |
