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Case Studies

Chief Financial Officer (CFO)

Overview

Challenge

The primary challenge was to find a candidate with the necessary financial acumen and experience in raising funds within the engineering or power generation sectors. The role demanded not only a strategic mindset and exceptional leadership skills but also the willingness to relocate to New Delhi for the candidate found suitable. Additionally, the job description (JD) needed to be tailored to reflect the specific requirements and expectations of the role within the context of the Indian power generation market.

Result

After extensive search and consultation efforts, a strong candidate was identified in Mumbai who was looking to relocate to Delhi for family reasons and better career prospects. This candidate’s experience and track record in financial leadership, particularly in fund-raising, made them an ideal fit for the CFO role. The recruitment process involved several meetings with the Managing Director (MD) of a top Indian power company, which helped in refining the JD to ensure it met market expectations and the specific needs of the role.

Unique Approach

The recruitment strategy involved a targeted search for candidates with relevant financial leadership experience in the engineering or power generation sectors, willing to relocate to New Delhi. The process was characterized by close collaboration with industry experts, including the MD of a leading power company, to define the role’s requirements accurately. By aligning the JD with industry standards and the company’s strategic goals, the search attracted candidates with the desired expertise and motivation, culminating in the successful appointment of a CFO capable of driving the financial strategy of the brand in the Indian power generation equipment segment.

2021 - 2022

Financial Year

A recognized brand in the Indian Power Generation Equipment sector

Client

Chief Financial Officer (CFO)

Financial Year

2021 - 2022

Sector

Engineering & Finance

Client

A recognized brand in the Indian Power Generation Equipment sector

Location

New Delhi, India

Function

Finance

Industry

Start ups & Family Business Advisory

Introduction

The client is a prominent player in the Indian power generation equipment industry, known for its technological innovation and contribution to the energy sector. As the company embarked on a new phase of growth, the need for a strategic financial leader became evident. The CFO position was created to steer the company’s financial planning, risk management, and fund-raising initiatives, aligning them with the company’s long-term objectives.

Case

This case study examines the recruitment of a Chief Financial Officer (CFO) for a well-known brand within the Indian power generation equipment segment. The role was pivotal for the company’s growth strategy, particularly in raising funds to support expansion and innovation. The company sought a CFO with a proven track record in financial leadership and the ability to navigate the complexities of the power generation market.

Challenge

The primary challenge was to find a candidate with the necessary financial acumen and experience in raising funds within the engineering or power generation sectors. The role demanded not only a strategic mindset and exceptional leadership skills but also the willingness to relocate to New Delhi for the candidate found suitable. Additionally, the job description (JD) needed to be tailored to reflect the specific requirements and expectations of the role within the context of the Indian power generation market.

Unique Approach

The recruitment strategy involved a targeted search for candidates with relevant financial leadership experience in the engineering or power generation sectors, willing to relocate to New Delhi. The process was characterized by close collaboration with industry experts, including the MD of a leading power company, to define the role’s requirements accurately. By aligning the JD with industry standards and the company’s strategic goals, the search attracted candidates with the desired expertise and motivation, culminating in the successful appointment of a CFO capable of driving the financial strategy of the brand in the Indian power generation equipment segment.

Execution of Strategy

Result

After extensive search and consultation efforts, a strong candidate was identified in Mumbai who was looking to relocate to Delhi for family reasons and better career prospects. This candidate’s experience and track record in financial leadership, particularly in fund-raising, made them an ideal fit for the CFO role. The recruitment process involved several meetings with the Managing Director (MD) of a top Indian power company, which helped in refining the JD to ensure it met market expectations and the specific needs of the role.

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