Reliance CFO Gives Finance Lessons to MBA Students at NITIE

Reliance CFO Gives Finance Lessons to MBA Students at NITIE

"The greatest poverty is the poverty of desire."

Dr. P. C. Basu, the Chief Financial Officer of Reliance was in NITIE the past weekend to deliver an address to the management students of National Institute of Industrial Engineering (NITIE) on "Working Capital Policy and Management".

Prof. Venkateswarulu of NITIE welcomed him by introducing him as an old friend as well.

Some of the key features of his lecture included the Six 'R's of Working Capital Finance like right quantity of fund, right composition of elements, right time, right mix of sources, right cost and right security against borrowing and the Ten Commandments in Financing Working Capital. In all his theoretical concepts, he included practical examples of situations he faced and established the much required connect between theory and practice.

He ended his lecture with a case study which gave his insights as well as an enthusiastic audience discussing the various aspects of the case. After a lot of explanation he revealed the solution which was a real great experience to the quality managers-in-the-making.

Concluded.

Contributed by -
Sriram Vasudevan,,
Media Coordinator,
Management Batch of 2008
National Institute of Industrial Engineering (NITIE), Bombay.

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