Tata Chemicals wins CNBC-TV18 CFO award for 'Best Deal in the M&A' category
17 April 2009

Tata Chemicals (TCL), executive director and CFO, PK Ghose, received the prestigious CNBC-TV18 CFO Awards, India’s most distinguished awards for excellence in the financial field. The awards were given out at a glittering ceremony held recently at the NSE auditorium, Bandra Kurla Complex, Mumbai.

The awards are designed to acknowledge the changing role of the CFOs ranging from cross border M&A to business diversification from business expansion by venturing into newer markets to transforming organisations.

“This recognition vindicates the fact that the TCL way of managing a cross border M&A has evolved robustly based on our own past experiences in the M&A space. It is heartening to see that in this tough economic scenario that has challenged the conventional rules of the game, Indian CFOs have strategically contributed significantly to revolutionise the financial community globally and are guiding their organisations through this tough phase,” said Mr Ghose.

The winners of these defining awards were selected through a robust and comprehensive judging process, based on a combination of criteria.

The first stage involved shortlisting of India's best businesses using quantitative techniques. The second stage consisted of shortlisting of companies that were then presented to the jury. These nominees were then evaluated by an esteemed jury panel.

The jury panel was headed by AK Purwar, ex-chairman SBI and chairman of India Venture Advisors as the chairman of the jury. The jury consisted of TV Mohandas Pai, global HR head – Infosys; Keki Mistry, MD – HDFC; Anil Singhvi, vice chairman, RNRL; Sumant Sinha, COO, Suzlon; Manisha Girotra, MD and chairperson, UBS; and Bharat Doshi, executive director and group CFO, Mahindra & Mahindra.