Friday, May 1, 2009

When money IS object!

ZEE BUSINESS BEST B SCHOOL SURVEY

He is the finance whiz kid at Tata Steel, and considering the troubles that the company is facing in that area, Chatterjee seems the obvious choice

Finance is the bone of contention for any company at the moment, more so for a company like Tata Steel, which catapulted itself to the rank of the world’s fifth largest steel maker with the historic $12.1 billion Tata-Corus deal. But the new entity has off-late run into a lot of financial problems in the wake of the unprecedented downturn in the steel sector. Add to that the payback of $6 billion loan taken for the deal, which has increased the financial risk profile of the company. Thus, with Muthuraman ready to hang his boots, the need of the hour is arguably a man, who should have it in him to efficiently manage the financial profile of the steel giant. Koushik Chatterjee, the Group Chief Financial Officer (CFO), bestowed with the overall responsibilities for group financial reporting, Investor Relations, financing strategy inclusive of debt and equity raising, corporate M&A, risk management & compliance, taxation strategy & planning and co-ordination of statutory and management reporting might just prove to be the right candidate for the job. Chatterjee has been the calculating brain behind the acquisition of the Anglo-Dutch steel-maker.


For more articles, Click on IIPM Article.
Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).


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