BEL Director (Finance) wins ‘Public Sector CFO of the Year’ award
As CFO, Mr Batra’s focus has been to ensure growth of 15 to 17% in topline.
BEL Director (Finance) wins ‘Public Sector CFO of the Year’ award
Bengaluru: Mr Dinesh Kumar Batra, Director (Finance) & CFO of Navratna Defence PSU Bharat Electronics Limited (BEL), has received the “Public Sector CFO of the Year” (Individual Category) award at the 8th edition of the “National Awards For Leadership & Excellence in CFO”, held on July 7, 2022, at Mumbai.
Mr Dinesh Kumar Batra has been a change agent for BEL, facilitating sustainable growth by following best practices of corporate governance with financial transparency. His most noteworthy contributions to the Company include an increase in the wealth of shareholders, steering BEL to become the first Defence PSU to cross the landmark market capitalisation figure of Rs.60,000 Crores (from Rs.24,000 Crores at the time of his taking over as CFO) and declaring the highest ever dividend of 450%.
Under Mr Batra’s leadership, BEL achieved its highest ever turnover of Rs.15,044 Crores in FY 2022, a growth of 9% over the previous year, despite challenges posed by the pandemic, global semiconductor shortage and stiff competition. This has instilled confidence among stakeholders, resulting in the highest PE ratio of 23 of BEL’s share price among all manufacturing PSUs. He has guided BEL to the 79th position in the Top 100 Listed Companies of the country, based on market capitalisation.
Mr Batra has managed working capital requirement and new capital infrastructure investment requirement from internal accruals and kept BEL debt-free. He has brought structural reforms to manage debtors to achieve the highest ever cash flow from operations. He was instrumental in BEL taking revolutionary initiatives to combat the COVID-19 pandemic.
As CFO, Mr Batra’s focus has been to ensure growth of 15 to 17% in topline. He has supported BEL’s diversification into several non-defence areas ensuring funds are available to invest in infrastructure, manpower and technology.
Mr Batra also regularly interacts with stakeholders and has evolved teams, structure and strategies for bringing business transformation.
Read Also : Indigenous Technology Cruise Missile successfully flight-tested by DRDONews Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project