Bengaluru/Mumbai, July 8, 2022: 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.