Nitin Parekh

Chief Financial Officer in USD 2 bn group .


  • Can you walk us through the most successful decision you took for your company?

    Corporate restructuring decisions

  • How do you see your job evolving in the future?

    My job has already evolved. Going forward it would have more of strategy and total returns to shareholders as important role areas

  • What was the most challenging moment in your career?

    Completing the acquisition of Heinz India of Rs 4600 crores in a record time

  • What motivated you to choose this career?

    My father and my school principal

  • How was your experience with your first job?

    Great

  • How has your job evolved over the years?

    In my job the functions of IT and legal are added over a period of time

  • What are the 3 things every successful corporate-finance-professionals must-have?

    1. Good planning and execution skills 2. Sound subject knowledge 3. Leadership skills to get work from motivated team

  • What role did your educational background play in your career?

    Great. I am MBA from IIM, Ahmedabad and also CA, CFA and Law graduate

  • What is your biggest concern at your job? How do you manage it?

    Capital allocation decisions. Sound evaluation systems are required

  • How did you rise in your role as a corporate-finance-professionals, what career hacks can you share?

    I was very average student till 9th standard. When I decided to change my career track because of scolding by my father, I became a rank holder student in 12th, B.Com, LL.B, CA, CFA and MBA exams.

  • What's the advice you would like to give to an aspiring corporate-finance-professionals?

    Get more than one educational qualifications, keep long term focus, have patience and remain hardworking and sincere

  • How do you see corporate finance evolving in the far future?

    Till the time money remains a motivator and need, corporate finance will remain a most sought after function

  • Describe a typical day at work for you?

    Meetings, decisions and your own work-all almost 1/3rd

  • How do you handle government regulations while making the financial decisions for your company?

    Understand the government regulations and consider them as compulsory conditions to be fulfilled

  • Tell us something about your educational qualifications

    I have 6 qualifications like B.Com, LL.B, CA, CFA, MBA from IIM, Ahmedabad and also MBA in Pharma Management from ICFAI university. I got only 35 marks in Maths out of 100 in 9th standard and got 100 marks in Maths out of 100 in 10th board exam! I was 2nd rank holder in Gujarat Higher Secondary Board in 12th, 2nd rank holder in B.Com in Gujarat University and 1st rank holder in LL.B in Gujarat University. I got 5th rank in CA Inter and 21st rank in CA Final. Secured 12th rank in MBA in IIMA. Secured 2nd rank at Prelim and Inter levels and 1st rank at Final level in CFA exam. In MBA in Pharma Management course secured A grade in 14 and B grade in 4 subjects. For me education and learning are life long pursuits.

  • What are the 3 things every successful corporate-finance-professionals must-have?

    1. Good planning and execution skills 2. Sound subject knowledge 3. Leadership skills to get work from motivated team

  • How has your job evolved over the years?

    In my job the functions of IT and legal are added over a period of time

  • What do you think are the most important sources of economic crises?

    All types of factors whether natural, political or monetary and fiscal policies create and also solve economic crisis situations

  • What are the major challenges faced by a corporate finance professional?

    Major challenges faced by corporate finance professional are (1) balancing the organisational growth with corporate governance and custodianship role and in the process (2) doing fine balancing of short term and long term organisational goals for sustainable financial performance

  • What do you think are the most relevant technological advancements that have changed the Corporate Banking scene over the past years?

    Use of technology for retail and corporate clients. The seamless, faceless and paperless processes with strong controls of cyber risks (though not totally safe) is an important breakthrough in banking

  • When should a company consider raising debt instead of equity?

    When there is a high level certainty that ROCE is going to be more than cost of debt. This being the basic, when raising of equity is not feasible or not advisable, debt option can be resorted

  • Will the knowledge of accounting help me in building a career in corporate finance?

    Knowledge of accounting is at the core of corporate finance function. Only executives with sound understanding of accounting can become successful finance professionals

  • What reality do you wish you knew about corporate finance when you entered this domain?

    I know a lot related to corporate finance. I am blessed to get coveted awards like Best CFO of Healthcare sector and Lead of finance award. However I am always eager to not only teach but also learn

  • How would you describe the world of corporate finance to someone aspiring fora career in that field?

    A world of great career