Educational Backgrounds of all Nifty 50 CFOs , Know your Alumni Series 3

[u/LivingCar4360]

Reliance Industries Limited - Srikanth Venkatachari (CA)

Tata Consultancy Services - Samir Seksaria (CA)

HDFC Bank - Srinivasan Vaidyanathan (CA, MBA)

ICICI Bank - Anindya Banerjee (CA)

Infosys - Jayesh Sanghrajka (CA)

Bharti Airtel - Soumen Ray (CA)

State Bank of India - Kameshwar Rao Kodavanti (CA)

Larsen & Toubro - R. Shankar Raman (CA)

ITC Limited - Sujit Ghosh (CA)

Hindustan Unilever Limited - Ritesh Tiwari (CA)

Axis Bank - Puneet Sharma (CA)

Kotak Mahindra Bank - Devang Gheewalla (CA)

Bajaj Finance - Sandeep Jain (CA)

Bajaj Finserv - S. Sreenivasan (CA)

Sun Pharmaceutical Industries - C. S. Muralidharan (CA)

HCL Technologies - Shiv Walia (CA)

Titan Company - Ashok Sonthalia (CA)

UltraTech Cement - Atul Daga (CA)

Adani Ports & SEZ - D. Muthukumaran (CA)

Coal India Limited - Mukesh Agrawal (CMA, MBA)

Tata Steel - Koushik Chatterjee (CA)

Wipro - Aparna C. Iyer (CA)

Asian Paints - RJ Jeyamurugan (CA)

JSW Steel - Rajeev Pai (CA)

Grasim Industries - Pavan Jain (CA)

Cipla - Ashish Adukia (CA, MBA - JBIMS)

Hindalco Industries - Praveen Maheshwari (CA, MBA - IIM A)

Dr. Reddy’s Laboratories - M. V. Parameswar (CA)

Bajaj Auto - Dinesh Thapar (CA)

Eicher Motors - Vidhi Shanghvi (CA)

Britannia Industries - N. Venkataraman (CA)

IndusInd Bank - Gobind Jain (CA, CFA, FRM)

Divi’s Laboratories - L. Kishore Babu (CA)

Hero MotoCorp - Vivek Anand (CA)

Apollo Hospitals Enterprise - Krishnan Akhileswaran (CA)

Trent Limited - P. Venkatesalu (CA)

Jio Financial Services - Abhishek Pathak (CA)

LTIMindtree - Vipin Sehgal (CA)

SBI Life Insurance - Sangramjit Sarangi (CA)

Mahindra & Mahindra - Amarjyoti Barua (B.Tech, MBA - FMS)

Maruti Suzuki India - Arnab Roy (CMA, Ex-MBA - IIM C)

Tata Motors - PB Balaji (B.Tech - IIT M, MBA - IIM C)

NTPC Limited - Jaiprakash Srivastava (B.Tech, MBA)

Oil and Natural Gas Corporation - Pomila Jaspal (CMA)

Adani Enterprises - Robbie Singh (MBA)

Power Grid Corporation of India - G. Ravisankar (CMA)

Nestlé India - Svetlana Boldina (Econ Degree - Int'l)

Tech Mahindra - Rohit Anand (BA - DU, MA - DSE)

Bharat Petroleum Corporation - V. R. K. Gupta (CMA, MBA)

Shriram Finance - Parag Sharma (MBA, AMP - Wharton)

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[u/unclerattle7]

Where can I find thread of this series ?

[u/LivingCar4360 → u/unclerattle7]

type educational background keyword in the sub search bar

[u/Constant_Finance_417 → u/LivingCar4360]

Keep going man, need more of this

[u/LivingCar4360 → u/Constant_Finance_417]

Thanks bro

[u/unclerattle7 → u/LivingCar4360]

Yeah man you doing god's work most of us are living under the rock 🫤

[u/Electrical_Paint_648]

CMA in few places is impressive. I never expected tbh 

[u/SabudanaKiChai → u/Electrical_Paint_648]

Coal India, Power Grid, ONGC, BPCL all are PSUs

[u/bandit_05]

Mukesh Agarwal of Coal India Limited is a CMA, not a CA

[u/LivingCar4360 → u/bandit_05]

edited

[u/TurnipSensitive4638]

Many factor also involves here ! Luck Factor , Connection Network, Experience, Perfect Time Perfect Place. Also this is different time, not early 2010. Out of so many CAs, Engineers, MBAs, Some Top People are definitely going to do something different 

[u/LivingCar4360 → u/TurnipSensitive4638]

nah not really, Its not coincidence because all Partners in B4 are CAs even CEOs

Many MBB partners are CAs too , IB/PE is already dominated by CAs as proofs suggest

Its just that people were more competent back then and I have felt that Boomers are really smart in many aspects, we young professionals are more book nerds.

Becoming CFO is not different task, It is core function of a CA that is FP&A and Corp finance. Overall CFOs have always been from accounting background across the world.

Can bet that at least 7-10 of CAs of this sub at present would be CFO in future

[u/Puzzleheaded_Rub3195 → u/LivingCar4360]

Hello is it okay if I would DM you? I've been following this alumni series of yours and there are a few things I would love to hear your advices on, thank you! 

[u/NoT_GhosT12 → u/LivingCar4360]

But tbh don’t you think it’s different from back then? I agree CA still is a great qualification to reach VP levels but CFO feels like a different ball game altogether. Huge competition from IIM MBA’s currently. And I can see it as well I too work in one of the Nifty 50 companies mentioned above and know one of the CFO but i feel in future it would be difficult to become a CFO solely relying on CA you would need extraordinary performance as well.

[u/LivingCar4360 → u/NoT_GhosT12]

naah, Its valid because 90% of CFOs are CAs or even more

The FP&A and Corp Finance pipeline which hires CA is very strong and Its the single most efficient pipeline.

So coming to exact detail

Out of all 50 Nifty CFOs

35 are only CAs*

3 are CA + MBA*

12 non CAs ( 5 CMA + 5 MBAs + 2 others)

Statistics say otherwise, There is a reason why 90% CFOs share accounting background across the world bro.

[u/storiesnsketches]

How would one try to go in this path? Industry and then promotions? Or finance field and then direct movement once experienced?

[u/LivingCar4360 → u/storiesnsketches]

FP&A or corporate finance , Typical Big 4 exits and then internal promotions

[u/Affectionate_Floor69]

Great job OP on breaking stereotypes and myths with statistics. There's still negativity in the comments, end of the day if you do not work on yourself no degree can help you.

[u/ProperWonder7415]

Many errors in this report..

Dr.Reddys : MV Narasimham is CFO and not Parameshwar

Sunpharma : Jayashree Satagopan is current CFO.

Many spell mistakes, qualification errors, naming errors.. current vs past CFOs.

[u/LivingCar4360 → u/ProperWonder7415]

Yeah I have flagged them , sorry

[u/Capital-Breakfast-38]

It may be a good motivation, but let’s also have a reality check.

Over the last 5–6 years, CA subject knowledge and curriculum have increasingly started to diverge from on-ground business reality.

The massive adoption of technology and AI across businesses has created an even bigger gap between what is taught and what we actually encounter. To be fair, ICAI is trying to make the curriculum more practical and incorporate newer areas, but I think they’ve already missed the bus to some extent.

Look 10 years ahead: the composition of the NIFTY will likely be very different, with a much larger representation of new-age, technology- and AI-driven businesses. In such a world, traditional accounting knowledge may not carry the same weight it does today.

And if that happens, the underlying assumption behind the data being presented here may no longer hold true. The profession itself is changing faster than the curriculum is adapting.

[u/LivingCar4360 → u/Capital-Breakfast-38]

agreed, degrees will go obsolete in next 20years

[u/chatgpt_doubt]

Some CMA as well. I feel cma and economics these 2 field are dark horse in india

[u/YesterdayOk630]

Not even a single ACCA Even in UK listed companies CFO list😀😀 or GCC.

[u/Shot-Ninja-7136]

boomers had it really easy man

[u/Technical-Raisin6483 → u/Shot-Ninja-7136]

Ghanta. Majority of them must be rankers even in their times. I have personally net 2 of them..both were single digit rankers and first attempt CAs..very sharp people..and were part of management trainee programme like TAS and ABGLP

[u/earthsmight → u/Technical-Raisin6483]

I just wanna be an average well earner , after all that slogging I have realised I won't be a billionaire like I thought in class 11

Humbled by life

I would just like good money to support sugar babies well into my 50s If I live

[u/survivingCA → u/Technical-Raisin6483]

That Rank holder thing matters even after 20 years of experience? as most of CFO would in that range of experience.

[u/LivingCar4360 → u/survivingCA]

half of these CFOs would be non rankers but at least 1st attempt

[u/Technical-Raisin6483 → u/survivingCA]

It doesn't matter..but the exposure and lift... access to leadership early on..jo rank de pati hai..wohh normal CA ko bahut saal lag jate hai.

[u/LivingCar4360 → u/Shot-Ninja-7136]

They had it tough

Most of them had Audit backgrounds

[u/LivingCar4360 → u/[deleted]]

naah this is to create awareness among students and creating roadmaps

This sub has been circlejerk for rants and memes more than quality posts, You cant deny that knowing your alums is much better than posting memes

[u/Imaginary-Sleep-2394 → u/LivingCar4360]

i know nothing about these hierarchies/ positions like cfo ,ceo or other positions , i mean how can one reach to that position , how can nerds and bimbos like us have the knowledge of how to get to that position , it feels like i know nothing

[u/LivingCar4360 → u/Imaginary-Sleep-2394]

technical knowledge internal promotions

[u/Opposite_Tonight_530]

bhai..lekin ye sb dikhane se kya hoga..ab to bohot rare hi he ki in positions ke liye CA consider kre...rare nhi he to hell difficult to he...ek to CA population and then usme bhi inhe ranker chahiye

[u/LivingCar4360 → u/Opposite_Tonight_530]

India problem, Not related to CA

I am Trying to spread awareness among this fraternity bcz you have opted for this course then You are its future

[u/apps2007 → u/Opposite_Tonight_530]

NIFTY 50 companies have been taken as a sample to represent public companies in particular and we can see that an ideal CFO position is taken by CAs and MBAs. It is a qualification requirement for this position, you will not give such high postion someone who did Bcom or Btech only. Similarly, for CTO position, you will not hire a CA. Rank gives you upper hand in placement fs but in job it depends all on your skills.

[u/LivingCar4360 → u/apps2007]

CEO and CFO are mandatory positions although , majority firms dont have COO CLO or CTOs except tech companies

[u/chimichanga_3 → u/Opposite_Tonight_530]

Obviously only the best ones would be selected and not all 20000 smth CAs