CSI Past President Mr. S Mahalingam receives the Best CFO of 2009 award
TCS CFO, S Mahalingam, has been chosen as the best CFO of 2009 by Business Today and YES bank, for his efforts at steering the IT services behemoth when growth declined, the rupee yo-yoed and customers disappeared. The selection was done by a panel of reputed bankers and industry watchers.
He received the award from Finance Minister, Pranab Mukherjee at a function held in Delhi on 14 April 2010.
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Mr. S Mahalingam, CFO, TCS
Rohit Saran, Editor Business Today, in the foreword of Business Today magazine said:
This is what makes our third annual issue on India's best CFOs very special. Revamped and expanded, in partnership with YES Bank, this year's study evaluates CFO performance on criteria specifically introduced to measure ability to manage the financial crisis. So, among the 14 best CFOs that enter the BT hall of fame this year are those who excelled on parameters like ‘Successful Management of Financial Crisis’, ‘Best Transformation Agent’ and ‘Best Management of Financial Complexity’. There is no better way to understand a crisis than through the experience of those who bore the brunt of it. The best financial brains of India Inc. recount how they handled the outbreak of wild and sudden currency swings, overnight disappearance of demand (or supply) and virtual freezing of financial markets-all at the same time. There are stories of CFOs buying companies when others were selling to survive. Now that the pandemic has passed, the system isn't just healthier-it's very different from what it was in the past. Turning a problem into profitable business opportunity is classic entrepreneurship.
Click here to read the pdf version of the article that appeared in Business Today