The Best CFOs of India


3. Ramesh Swaminathan

CFO of Lupin

Swaminathan received the ‘Remarkable Leverage Management (Large Companies)’ award by YES Bank. According to Business Today, Swaminathan believes that a CFO's skill to influence the decisions of the value chain is critical for a company. Personally, he keeps a watch on capital allocation. He also rigorously reviews money spent on intellectual property, litigation, R&D, acquisitions and capital expenditure. When it comes to risk taking, the company has dropped many projects in China, West Asia and Latin America as they did not seem worth it. According to LiveMint.Com, “We have been acquiring quite a few companies outside the country” and “It makes sense to back-end production to India because it is cheaper out here,” quotes Swaminathan.