Balasundaram V, Director – Finance (India, Middle East and China), Frost & Sullivan, A Global Growth Partnership Company, was awarded ‘CFO100 Roll Of Honour 2014’ for the category - ‘Winning Edge’ in Use Of Technology – Revenues below Rs 1000 cr.
The CFO100 is an annual initiative to recognize India's finance leaders’ extraordinary contributions to the corporate world. The CFO India magazine identifies and brings together 100 CFOs, who are clearly a cut above the others, to honour their achievements in areas including cost management, raising capital, green initiatives, risk management, use of technology, governance and strategy. The CFO100 is an annual benchmark for rising stars among India's CFOs.
On receiving the Award from Mr. Jonathan Chadwick, CFO and EVP of VMWare Inc. and Mr. Bharat Doshi, Former Group CFO and presently a Board Member of Mahindra & Mahindra Limited, Balasundaram V, Director – Finance (India, Middle East and China), Frost & Sullivan said, “It is an honour to have been recognized by CFO India with the CFO100 Award in the category of technology. I believe that smart use of technology is an important differentiator and global businesses and organizations should embrace cutting edge technology to stay ahead in the game. CFOs need to develop their skills in use of technology as much as in other areas such as funding, reporting, internal control, compliances, etc. This CFO100 recognition from the corporate world adds to my resolve to keep up the highest professional standards in managing Corporate Finance".
“On behalf of the entire Frost & Sullivan team, I would like to congratulate Bala on this recognition. He is one of the key members of the Frost & Sullivan MENASA leadership team and has been instrumental in transforming the finance and corporate functions of Frost & Sullivan’s operations in India and the Middle East. He has been instrumental in implementing a global ERP system in Frost & Sullivan (India) thereby integrating India systems with the rest of the world. We are proud of this recognition he has received from CFO India, and we wish him many more such successes in the future.” says Y.S.Shashidhar, Managing Director – South Asia, Middle East, North Africa, Frost & Sullivan.
The esteemed Jury, involved in the decision making, included, V S Parthasarathy, CFO, Mahindra & Mahindra; Keki Mistry, Vice Chairman & CEO, HDFC Group; Ravi Sud, Chief Financial Officer, Hero Moto Corp Ltd.; K. Vaidyanath, Former ED & CFO, ITC; Milind Sarwate, Group CFO, Marico; Anil Singhvi, Chairman and CEO, ICAN Investment Advisors; Hari Mundra, Adviser, Wockhardt, Former Director HUL and Dy. MD, Essar Oil; Suresh Senapaty, Executive Director & CFO, Wipro; and T.V. Mohandas Pai, Former Director HR, Education & Research, Infosys
Balasundaram is a Chartered Accountant and Cost Accountant, a Gold Medalist, with a brilliant academic record that includes an All-India First Rank in ICWA (Final). He joined Frost & Sullivan as Director-Finance in 2008. Prior to Frost & Sullivan he has held senior finance positions in some of the best companies in India and in South East Asia, including TATA Motors Limited, Larsen & Toubro Limited, to name a few. He is tech-savvy and has used various technology products to create value in various organizations, such as using Citrix to overcome the low speed of internet around 2000-01 to make an offshoring project a success, contributing to 100% automation of a US marketing office, implementing an ERP system, etc. He has also received the prestigious "Indira Gandhi Sadbhavna Award" in 2007 from the National Integration & Economic Council, New Delhi, for Outstanding Individual Achievements and Distinguished Services to the Nation.
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