BUSINESS
Srikanth Venkatachari is the Chief Financial Officer of Reliance Industries.
CFO of India's biggest company: Srikanth Venkatachari who is a veteran banker is currently working on one of the most critical roles in India’s financial landscape. He is the Chief Financial Officer (CFO) of Reliance Industries Limited (RIL), which is the largest company in India by market capitalization, valued at Rs 19.80 trillion. Venkatachari stepped into this pivotal role on June 1, 2023, succeeding Alok Agarwal, who was promoted to the position of senior advisor to Mukesh Ambani, the chairman of Reliance Industries.
Before becoming RIL’s CFO, Venkatachari had been with Reliance for around 14 years. His journey began after nearly two decades at Citibank, where he gained extensive banking experience. At Reliance, Venkatachari had served as the joint CFO since 2011, working alongside Agarwal, who had been with the company as CFO since 2005.
Known for his calm demeanor and exceptional skills, Venkatachari played a significant role in Reliance’s largest-ever foreign currency bond issuance in 2022, which involved raising $4 billion. His contributions were crucial in the company's ambitious goal of becoming a zero-debt entity. Managing the financial aspects of Reliance, which operates around 500 business units, is a massive responsibility for Venkatachari, given the company’s expansive scale.
Outside of his professional responsibilities, Venkatachari enjoys playing chess and traveling across India to explore different regions. He comes from a family of chartered accountants, which underscores his deep-rooted expertise in finance. In 2021, he made headlines by purchasing two luxurious sea-facing apartments in the '25 South' residential tower located in Prabhadevi, Central Mumbai. These apartments, situated on the 41st floor and spanning over 6,685 square feet, reportedly cost more than ₹40 crore.
According to RIL’s Annual Financial Report, Venkatachari, as a Key Managerial Personnel, earned ₹17 crore in the fiscal year 2022-23, an increase from the ₹15 crore he received in the previous fiscal year. His new role as CFO places him at the forefront of managing the financial intricacies of one of the most significant conglomerates in India.
The DNA app is now available for download on the Google Play Store. Please download the app and share your feedback with us.
Cristiano Ronaldo confirms THIS YouTube star as his next guest, says, 'Will break Internet'
Delhi Assembly Elections: AAP releases first list of 11 candidates for 2025 polls
Adani Group's FIRST REACTION after US indicts Gautam Adani in alleged bribery case
Instagram introduces new feature, know how to reset app's algorithm, change your feed
Oppo Find X8 and X8 Pro launched in India, check specifications, price, other details
Charges against Gautam Adani: BJP's scathing attack on Congress, questions timing of development
Jasprit Bumrah's BIG statement on taking up Perth test captaincy, says, 'tactically better...'
Blackout on breaks: Company imposes no-sick-leave policy until 2025
Drug-laden terrorists on India's western, northern frontiers
Mohammad Shami trolls Sanjay Manjrekar over IPL auction bid prediction, says, 'Baba ki...'
IND vs AUS Test: When and where to watch 1st match of Border-Gavaskar trophy, know details here
CAQM amends Grap Stages III, IV, enforces stricter measures in Delhi-NCR amid air pollution woes
Malayalam actor Meghanathan passes away at 60 after suffering from...
Adani Green Energy's FIRST reaction after US indicts Gautam Adani in alleged bribery case
'Keep me out of...': Pakistani Instagram star Mathira on MMS leak controversy
Delhi Air Pollution: AQI marginally improves from 'severe' to 'very poor' category
'I love him, he loves me! Why hurt...': Rekha's bold confession about Amitabh Bachchan goes viral
Meet man, IITian who built Rs 5493 crore firm, has this Mukesh Ambani connection, he is from...
Shillong Teer Results TODAY November 21, 2024 Live Updates: Check winning numbers here
‘I didn’t have time to…’: When AR Rahman revealed having ‘agreement’ before marriage to Saira Banu
Viral video: Woman's sizzling belly dance to 'Namak' impresses internet, watch
Hardik Pandya banned, Mumbai Indians captain to miss first match of IPL 2025 due to...
Meet man who studied at IIM, IIT, then built Rs 1160000000 company, got inspired by…
Meet woman, who quit as dentist for UPSC exam, became IAS officer with AIR...
Viral video: Little girl steals hearts with her adorable dance to 'o meri cutie', watch
Gautam Adani's company signs another pact to acquire 100% stake in...
CBSE Date Sheet 2025 announced: Class 10, 12 board exams to begin from...
Apollena: Aditi Sharma on how space-based drama encourage young girls, says 'no matter how many...'
Is Mia Khalifa dating ex-Man City star Julian Alvarez? Former adult star says 'It certainly...'
IPL 2025 auction RTM rule: How this year’s right-to-match card is different from previous seasons
'Virat Kohli is trying to...': Shoaib Akhtar makes BIG statement on Champions Trophy 2025
Maharashtra Election 2024: Mukesh Ambani and family cast their votes in Mumbai
Centre revises performance-linked incentive scheme for THESE employees; check details
Manipur violence: Prohibitory orders to be relaxed in Imphal Valley for 7 hours
Jharkhand Exit Poll Results 2024: 36-41 seats predicted for BJP, JMM to secure…
Elon Musk faces big threat after million of users switch from X to Jack Dorsey's Bluesky
ICC Rankings: Hardik Pandya reclaims No. 1 T20I all-rounder spot, Tilak Varma enters top 10
DNA Verified: Is retirement age for central govt employees increasing to 62? Know truth here
Android 16 preview unveiled by Google: Who can access it? Here's all you need to know
Anti-pollution diet: Foods that can help fight air pollution naturally
Tech millionaire Bryan Johnson's face 'blows up' after anti-aging experiment; here’s how
Expanding Horizons: GOCL Corporation’s Strategic Diversification in Electronics and Metal Cladding
TrezarBit App Review 2024: Legit Trading Platform? Quick Facts!
Meet man who worked closely with Isha Ambani, Mukesh Ambani, set to take new role as...
Meet man, lifted bricks 8 hours a day, cracked NEET by studying on broken phone, he scored...
US embassy in Kyiv shuts down after receiving warning of 'potential significant' Russian air attack
Anil Ambani's next BIG step, Reliance Group announces new plan for...
Jaguar reveals new brand logo, identity ahead of EV debut
Playing with Fire: Will Putin risk nuclear Armageddon before Trump takes office?
Gautam Adani's BIG Rs 16877 crore plan to take on Mukesh Ambani, set to build Mumbai's largest...