Mr. P S KapoorICAI Membership No. : 033744 Category : CFO Sub Category : Engineering & Capital Goods Sector Head – Finance & Accounts & Risk Management Hydrocarbon IC (Vertical) Larsen & Toubro Limited
Turnover (Sales) of the Company in Rupees: INR64,960 Crores • Net worth of the Company: INR29,387 Crores • Market Capitalization of the Organization: Mar12: INR 80,031 Crs; Sep12:INR 98,010
Key role in the Organization • Driving financial performance for achieving/ exceeding the budgeted parameters • Ensuring effective Business Partnering • Strategic Plan Formulation • Ensuring superior Risk Management Processes • Effective conduct of Board Meetings of the Vertical Locations: Mumbai, Baroda, Chennai, Kolkotta, Bangalore, Faridabad, Hazira United Arab Emirates, Oman, Kuwait, Saudi Arabia, Qatar No of Direct & Indirect Reportees: Over 100
Major Achievements • Driving Financial Performance & Risk Management Processes • For the second consecutive year received CFO Award for ‘Best Presented Accounts’ within L&T Group • Effective Forex management • Minimised impact of forex volatility on PBIT • Helped in improving Project Profitability by 1% by timely hedging [Forex gain of approx Rs.126 Cr.] • First Time Implementation of Embedded Derivative Accounting • Strengthened Internal Controls & reviewed SOPs • Sales Growth: 32%, ROCE: 47%, EVA: INR 391 Cr • Conducted pre-bid & post-award project risk reviews • Business Partnering • Inculcated concept of business partnering • Pre-bid tax advisory, post-award implementation • Reviewed critical parameters for on going jobs • Designed analytical Project Cost reports • Improved Processes for Cash Flow Monitoring • Setting up of War Rooms for addressing key issues Cont’d …..
MAJOR ACHIEVEMENTS (Cont’d) • Formulated Strategic Plan 2012-16 • Facilitating setting up of Subsidiary Cos overseas • Building International F&A organisation • Taxation – • Arranged for getting lower with-holding tax • Handled large value tax demands & obtained favourable orders • Implementation of SAP 6.0 & Costing systems at various locations • Ensured effective usage of IT systems through effective interfaces between SAP 6.0 & legacy systems • Ensured smooth conduct of Hydrocarbon IC Board Meetings • Leading Safety Efforts - Apex member of Safety Committee • Nominated as Director in 7 S&A Companies of L&T • People development & bonding • Corporate Sustainability Reporting - Core Team Member • L&T Ranked 4th in the world in 2012 To Conclude: Achievements are multi-faceted