Best CFO & Finance Strategy Awards: Navigating Through Uncertain Macroeconomic Environment

2022 proved to be a year of uncertainties for the global economy. The war which broke out in Eastern Europe led to a surge in commodity prices, leading to a rise in inflation across economies. Rising inflation forced central banks worldwide to press their pedal on monetary tightening with the hope that by year's end, they will be successful in taming it. Come 2023, the economic outlook remains bleak, and inflation will remain sticky, triggering fears of sustained monetary tightening by central banks.

However, despite the economic downturn, India Inc. has, by and large, remained resilient. Despite subdued sequential revenue growth, the profitability in the December quarter, for example, has largely been in line with analyst expectations. However, they see it moderating due to elevated levels of inflation. The resilience shows how finance leaders continue adapting to the ever-changing macroeconomic environment.

BW CFO World, through its sixth edition of the Best CFO & Finance Strategy Awards, acknowledged individuals who managed to steer their firms in these challenging times and demonstrated outstanding capabilities and achievements in the finance function.

The Methodology and Process

More than 700 CFOs and organisations were reached out and over 150 nominations were received. Among these, 82 nominations were short listed by the BW Editorial Team and were then presented to a jury. The final winners were decided by the jury members.

Participants were judged on various parameters such as the revenue/turnover generated and capital generated along with key growth parameters.

The Jury

The Jury was chaired by Sethurathnam Ravi, Managing Partner, Ravi Rajan & Company, Chairman, TFCI, Former Chairman, Bombay Stock Exchange.

Other esteemed jury members included Dr. Annurag Batra, Chairman & Editor-in-Chief, BW Businessworld, Founder, exchange4media; Rajnish Kumar, Chairman, BharatPe, Former Chairman, SBI; Vinod Gupta, Managing Director, VG Learning Destination India Pvt. Ltd; CMA P. Raju Iyer, President, The Institute of Cost Accountants of India; Anirban Chakraborty, Co-Founder, Cadmus Capital Private Limited; Deena Mehta, Group Managing Director, Asit C. Mehta Financial Services Ltd; Amit Malik, President Japan, Asia, Pacific & Australia, WadzPay Worldwide Pte Ltd; Talees Rizvi, Director, BW People & BW CFO World.

The Winners