Mumbai, August 23, 2024: On August 22, 2024, the Retailers Association of India (RAI) successfully held the ‘Retail CFO Summit 2024’ in Mumbai. A wide range of CFOs, CEOs, and finance executives from the retail sector came together for this esteemed occasion. The conference was based around the intriguing theme of “A Roadmap for 10x Growth: The New CFO Checklist.”
The function of the CFO is become more and more important as the retail industry changes, with a particular emphasis on adopting digital innovation, guaranteeing economic resilience, and promoting sustainable growth. The ‘Retail CFO Summit 2024’ created a forum for discussing these fundamental components and gave business executives a special chance to share ideas, pick up tips from the pros, and plan forward.
Engaging panel discussions that focused on important issues related to the summit’s central theme were held throughout the day. Among the noteworthy sessions were the in-depth talks on the strategic role that CFOs play in driving digital transformation, enhancing human capital and leadership, managing risk and regulatory compliance, and developing financial plans that are prepared for the future.
The occasion served as a reminder of how crucial financially astute leadership is to fostering exponential growth and equipping the retail industry for the opportunities and challenges that lie ahead.
Speaking about the Retail CFO Summit 2024, Kumar Rajagopalan – Chief Executive Officer, Retailers Association of India (RAI), said, “As the retail industry rapidly changes, the CFO’s responsibilities stretch beyond financial management to include leading innovation, ensuring resilience, and promoting sustainable growth. Modern technology is becoming a need since it enables CFOs to design strategies that are both robustly compliant with regulations and responsive to changing market circumstances. Retail CFOs of today have to strike a balance between environmental responsibility and financial success in order to make sure that their companies are long-term profitable and sustainable. This summit is evidence of the vital role that financial leadership will continue to play in determining the direction of retail.”
Amit Agarwal, Group CFO, Raymond; Anand Agarwal, CFO, V-Mart Retail; Anish Jhaveri, CFO, Spykar Lifestyles; Girdhar Chitlangia, CFO, Arvind Fashions; Jayesh Patel, CFO & Head – Logistic, Globus Stores; Kaushal Parekh, CFO, Metro Brands; Kiran Shinde, CFO, PMJ Jewels; Naveen Golchha, CFO, Apparel Group India; Pramod Dangaich, CFO, Infiniti Retail (Croma); Rajesh Annamalai, CFO (Ethnic Business), Aditya Birla Fashion and Retail; Rajesh Mohta, CFO, Specialty Restaurant; Sameer Patel, CFO, Restaurant Brands Asia (Burger King), among many others.
Engaging panel discussions that focused on important issues related to the summit’s central theme were held throughout the day. A few of the noteworthy sessions covered subjects like GST 2.0: The changes and challenges for taxpayers, Leveraging AI and Automation for Financial Efficiency, Green Growth and Sustainable Development, New CFO Checklist – A Roadmap for 10x Growth, and Strengthening Regulatory Compliance – Beyond the Basics.
Speaking about the retail industry outlook at the summit, Hrushit Shah – CFO, Westlife Food World Ltd., said, “Financial leadership in the retail sector must change at this turning point to meet the demands of a digitally native world. In order to maximize productivity and promote expansion, we need to reorient our attention on the integration of financial tactics with technical innovations. This conference emphasizes how crucial it is for CFOs to take the lead with vision and agility so that we can not only navigate uncertainty but also seize new opportunities.”
Kiran Shinde – CFO, PMJ Jewels, said, “Navigating complexity in the fast-paced retail sector demands a strong dedication to financial excellence and innovation. As chief financial officers, we have a special position to guide our companies through the current market’s obstacles by using financial data to inform strategic choices. It is vitally important that we play our part to make sure that our businesses not only adjust to shifting consumer preferences and market dynamics, but also stay strong and well-positioned for expansion in the future. We can build the foundation for long-term success in the retail industry by encouraging an innovative culture and adopting new financial tools.”
