Date: December 1-3, 2017 | Venue: Jaipur
With KPMG in India as a knowledge partner and sponsor, The CFO Board organised a two-day retreat from 1 to 3 December, 2017 in Jaipur. The retreat was held with the theme ‘India Changing’, under the Chairmanship of Keki Mistry, Vice Chairman and CEO, HDFC Ltd. and S. Mahalingam, Former Chief Financial Officer, Tata Consultancy Services.
The retreat witnessed participation from over 12 CFO board members, 15 eminent speakers and over 75 CFOs. Distinguished speakers that graced the event for deliberations included Dr. Rajiv Kumar, Vice Chairman, Niti Aayog; Dr. Ajit Ranade, Chief Economist, Aditya Birla Group; Sanjeev Sanyal, Principal Economic Advisor, Ministry of Finance, and Arun M. Kumar, Chairman and CEO, KPMG in India.
S Mahalingam, Chairman of the retreat, along with other key speakers – Seshagiri Rao, Joint Managing Director & Group CFO, JSW Steel; and S Santhanakrishnan, Founder Partner, PKF Sridhar & Santhanam LLP – shared key insights on the evolving accounting ecosystem and its impact on fundamental changes in number crunching.
The session on GST and supporting business models included Najib Shah, Former Chairman, CBEC; Anil Parashar, President and CEO, Interglobe Technology Quotient; and Neeta Revankar, CFO, Sasken Technologies who shared their views on how taxation and regulatory scenarios in the country have impacted business models and their expectations for the future.
There was also a discussion on global uncertainties caused by financial changes with by Dr. Ajit Ranade, Group Executive President and Chief Economist, Aditya Birla Group; Arun M. Kumar, and Alexander Kazan, Lead Emerging Markets Strategist and Head of Research, Eurasia Group.
The panel on ‘Finance 2020: Are you digitally ready?’ included Ajay Kumar, Senior Director, Oracle; Mohit Bhatia, Vice President, Mondelez International; and Sugata Sircar, CFO, Schneider Electric. They spoke on digitisation impacting all aspects of business, CFO’s critical role in shaping a company’s digital journey as well as their function. The session was moderated by Giri Giridhar, CFO, Indian Hotels Company.
Sanjeev Sanyal, Principal Economic Advisor, Ministry of Finance shared his insights on demonetisation and GST model, and how policy makers and companies are ready to experiment with new ideas to raise funds for growth. The panel included Amit Chandra, Managing Director, Bain Capital Advisors; BV Krishnan, CEO, KKR; Manish Aggarwal, Partner, KPMG in India and was moderated by Nitin Atroley, OMP – North.
This was the second event of the CFO Board this year and helped set the agenda for issues that are most important to regulators, policy makers and the financial community. It was also an apt opportunity to create both formal as well as informal atmosphere between the CFOs and their spouses.