Eye on CFO: Vijay Paranjpayee

Paranjpayee spoke to FinanceAsia about the changing role of the CFO in today''s corporations.

From just a dozen employees in 1987, India's bluechip Global Tele-Systems Limited GTL is today among the fastest growing technology companies in India, with foreign and domestic funds operating in India owning a large part of the $10.92 million equity of the Bombay-based company. The CEO of GTL, Manoj Tirodkar received an award this April for being a young entrepreneur and while announcing the latest results, Tirodkar said future growth will be through acquisitions and mergers.

His strategy has so far paid off as Global Tele-Systems shares rallied from $5 or Rs200 in 1999 to $87.50 or Rs3500 per share in one year March 21 2000. And there is a silent worker...

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