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Frost & Sullivan’s V. Balasundaram, Senior Director, Finance, Felicitated with 2017 CFO Leadership Award by Indira Group of Institutes


  • V.V. Balasundaram, Senior Director, Finance – India, Middle East and China, Frost & Sullivan receiving the 2017 “CFO Leadership Award” from Harish Mehta, Founder & Executive Chairman, Onward Technologies Ltd., Founder Member & Past Chairman – NASSCOM


V. Balasundaram, Senior Director, Finance – India, Middle East and China, Frost & Sullivan was felicitated with the 2017 “CFO Leadership Award” by the Indira Group of Institutes in a glittering ceremony at its annual, premier marketing conclave – 6th Indira Brand Slam Summit & Awards 2017 in Pune. Mr. Harish Mehta, Founder & Executive Chairman, Onward Technologies Ltd., Founder Member & Past Chairman – NASSCOM, presented the award to Balasundaram at the program.

Indira Group of Institutes is a premier educational group based in Pune having 12 colleges/institutes under its brand; the prominent names include Indira Institute of Management, Indira Global Business School, Indira School of Business Studies, Indira School of Communication, Indira College of Pharmacy, Indira College of Engineering and Management, Indira College of Architecture & Design, etc. The “Indira Brand Slam” is presented by Indira Group, and is endorsed by CMO Asia and World Federation of Marketing Professionals & World Sustainability.

Congratulating Balasundaram on the occasion, Aroop Zutshi, Global President & Managing Partner, Frost & Sullivan said, “I am very happy to hear that Balasundaram has been recognized by one more institution of repute, after the recognitions he received from CFO India, Chartered Institute of Management Accountants, UK, etc. This certainly reflects his contribution not only to Frost & Sullivan, but also to the professional and business world through his involvement in industry association activities. He played a key role in Frost & Sullivan’s growth in India and expansion into the Middle East and Pakistan, along with managing the restructuring of some operations in India. Under his financial management, Frost & Sullivan India continues to get excellent credit ratings year after year.”

Talking about this prestigious award and recognition, Balasundaram said, “I am humbled to have received this honor and recognition. I have received many awards from the industry, social organizations, and other institutions in the past, but this CFO Leadership Award from an educational group completes the spectrum of recognition one could receive. This distinction renews my motivation to continue doing my best for the benefit of my organization, profession, industry and society in general.”

An intensive research process was undertaken by the Institute’s research cell to select the receiver of the “CFO Leadership Award”. The individuals were shortlisted based on their extraordinary performance and past record of their achievements in the field. The shortlisted names were then reviewed by an independent jury consisting of senior industry leaders, researchers and academicians such as:

  • Harish Mehta, Founder & Executive Chairman, Onward Technologies Ltd., Founder Member & Past Chairman – NASSCOM
  • Dr. R. L. Bhatia, Founder, World CSR Day and World Sustainability Congress
  • Nina E. Woodard, President & Chief “N” Sights Officer , Nina E. Woodard & Associates
  • Dr. Saugata Mitra, Chief People Officer & Head – HR, Mother Dairy Fruit & Vegetable Pvt. Ltd.
  • Dr. C. M. Dwivedi, Chief Human Resource Officer, Sopariwala Group 
  • Dr. Sanjay Muthal, Former Managing Director – RGF Management Search

The award is bestowed on the visionary finance expert who leads in: Treasury and investment management; Budgeting and financial planning; Track record; Integrity and Ethics; Conformity of output to customer requirements; and time and cost of implementation.

Balasundaram was also recognized by the Chartered Institute of Management Accountants (CIMA) UK as one of the “100 Most Influential CFOs of India” in 2016, and by CFO India for his exceptional contribution to the field of Corporate Finance in 2014 at their fourth annual CFO 100 Conference. He also serves on the Economic Affairs and GST Subcommittee of the Confederation of Indian Industry (CII).

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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