In Conversation with Mr. Nikhil Dujari (CFO – everest industries ltd.)
As Chief Financial Officer, Nikhil Dujari leads the financial functions and strategies, including all accounting, treasury, budgeting and taxation for Everest Industries Limited. He has over 20 years of progressive experience in finance management, accounting, banking and contract restructuring. He has held senior executive positions in some of India’s leading corporates like E&Y, PWC, Alstom and New Holland Group where he led scaling up systems and processes in implementing financial controls, productivity improvements and change management.
Here’s a peek into his mind based on a couple of questions we asked.
1) When you realize that a major change has to be made in the organization, how do you deal with your executive board to bring about the change?
Inform, explain, discuss, seek views, decide implementation dates and strategy, debrief teams and move ahead.
2) What would you say is the most overrated financial advice ever?
Not thought of ever.
3) What do you think is the role of The CFO as the protector and trustee of the organization against white collar crimes?
As a custodian of rules and company policy, one needs to consistently watch signs of any distress or pressure on any set of people. This would then direct my actions to a particular situation. Most of these are committed by most trusted people in effective positions in the organization through deceptive/ dishonest dealings. This can be controlled by regularly reviewing the vendor data through to employee relationships, looking regularly at internal control procedures to find any details of prices paid for goods or services and advances paid out by the company.
In addition, these are also carried out in places where its possible to request vendors for bribes. This has to be dealt with sternly even when observed after dealing with one of these cases at a later date.
Such instances if any discovered should be widely publicized to ensure that the same are not repeated and employees associated with such instances need to be terminated immediately with wide publicity in the organization.
4) If you reflect back on your first couple of years as a CFO, what would you do differently?
Be patient and move ahead swiftly!!!