Executive Director & CFO, Cyient

Ajay Aggarwal is Chief Financial Officer at Cyient Ltd, and is Executive Director on the company’s board. He joined Cyient in 2011 as the CFO and at present leads teams across corporate finance, audit, reporting, M&A, corporate venturing, investor relations, procurement, infrastructure and facilities management,financial planning and analysis, information technology, and corporate secretarial, legal, compliances, and contract management. He also sits on the board of Cyient’s subsidiaries.

Ajay’s focus areas include driving financial and operational efficiency, corporate governance, business partnering, cost management, inorganic growth process improvement, risk management, cash conversion, and margin improvement to accelerate Cyient’s growth and create value for its shareholders.

Ajay has held various leadership positions at global, multi-product organizations such as Tata Chemicals, Reliance Industries, Kirby Building Systems, P T Polysindo, and J K Synthetics across his extensive career of 35+ years.

He was ranked third among the Best CFOs under the sell-side category of investor relations for Technology/IT Services and Software, among 77 nominations across Asia (2018). He was recognized as the “CFO of the Year” and received a team award for “Excellence in FP&A” at the CFO Leadership Summit organized by Kamikaze Events in 2018. In 2017, Cyient earned the Golden Peacock Award for Risk Management under his leadership for developing a robust risk management process based on industry and proven best practices.

At present he is a member of the CFO Board, which engages with stakeholders including regulators and the larger financial community on policy matters. He also serves as the Steering Committee member of CFO Forum of the Confederation of Indian Industry (CII), Telangana. He is an active member of other CFO forums such as the IMA and Business World. He contributes immensely to the finance community in the capacity of speaker and panelist at various discussion forums. He has also been guest speaker at educational institutes including ISB and the IITs.

Ajay is a graduate in engineering and an illustrious alumnus of BITS Pilani, India. He is a member of the Institute of Company Secretaries of India and the Institute of Cost Accountants of India. He has completed the corporate finance program at Euromoney, UK, and the full, on-campus Advanced Management Program at INSEAD, France. His other interests include badminton, organic farming, and reading.