''We have accomplished revival in terms of revenue growth''

Priya Hardikar Senior Vice President and Head of Corporate Finance and Governance, KPIT Technologies Limited

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What are the top priorities that you give most meaning to as the CFO of KPIT Technologies?

We have completed two years of the new KPIT – a KPIT with a grander vision, laser-sharp focus on automotive and mobility, and a very competent team on this journey of reimagining mobility with you. Amidst some challenging situations and ever-changing external business dynamics, my top priorities are aligned with our company’s strategic vision. And those pertaining to focussing on driving with business stakeholders KPIT’s all-around sustainable financial performance and managing financial risks. I would classify them into two key categories.

1. Management of Financial Risk: Financial risks include utilisation of financial resources and risks in the areas of liquidity, funding, and capital management. My focus was on driving and improving internal processes and leverage to use the best financial solutions in supply chain management to fast-track the recovery process and thereby improve net cash balance to further strengthen our balance sheet. This contributed significantly to providing the right impetus to our executive management for growth and confidence to endure dynamic business scenarios.

With our rigorous efforts on collection and conservation of cash, our balance sheet grew robustly at 70 per cent net worth in cash of ₹8.7 billion; zero debt and DSO at 50 days. Now, we continue to see a favorable business environment for this year and beyond. With a strong financial base, we are now confidently positioned to deal with minor disruptions, if any, and make strategic investments that will assert our growth trajectory.