D.K. Sarraf, Director (Finance) of ONGC was conferred the Best CFO Award in Public Sector

D.K. Sarraf, Director (Finance) of Oil and Natural Gas Corp (ONGC) was conferred the Best Chief Financial Officer (CFO) in Public Sector award by Union Finance Minister, Pranab Mukherjee  at the Best CFO Awards function.

Indrajit Banerjee, Chief Financial Officer of Cairn India Ltd was adjudged the best CFO in the Best Treasurer category.

Business Today, India’s leading business magazine and YES BANK announced the winners of the Best CFO Awards 2011 on 5 July 2011 in New Delhi.  The Awards ceremony was graced by the Chief Guest, Pranab Mukherjee, Minister of Finance, Government of India. The occasion was also attended by the Guest of Honour Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, Government of India.  

The awards aim to recognize the finest CFOs in Large and Mid Size companies in India, who struck the right balance for their company by achieving growth objectives while meeting cost containment in rising cost scenario and shareholders expectations.

  
In 2011 the focus on honouring those CFOs who best succeeded in finding the balance between company growth and meeting shareholder expectations, while keeping input costs down during the difficult financial year of 2009/10.

The winner of the CFO award was chosen from analysis of 500 companies, ranked by market capitalisation. The list was sorted into three: large companies, or those with revenues of more than Rs 2000 crore, mid-sized companies, whose revenues were lower, and public sector units or PSU.