What is the salary of Chief Financial Officer: Ajay Jangid at Videsh Sanchar Nigam?

Ajay Jangid, the Chief Financial Officer at Videsh Sanchar Nigam Limited (VSNL), now known as Tata Communications Limited, has a total yearly compensation of approximately ₹31.54 million. This compensation comprises 51.4% salary and 48.6% bonuses, including company stock and options. Additionally, he directly owns 6.54% of the company’s shares, which are worth approximately ₹1.72 billion.

Common benefits that executives in similar positions often receive:

Responsibilities:

• Financial Strategy and Planning: Develop and execute the company's financial strategy. Analyze financial data, assess risks, and formulate long-term financial plans aligned with business goals.
• Financial Reporting and Compliance: Ensure accurate and timely financial reporting to internal and external stakeholders. Ensure compliance with accounting standards, regulatory requirements, and legal obligations.
• Budgeting and Forecasting: Collaborate with department heads to create annual budgets. Regularly review financial performance against budgeted targets. Provide insights into variances and recommend corrective actions.
• Capital Management and Funding: Manage the company's capital structure, including debt and equity. Evaluate investment opportunities and recommend funding sources. Negotiate with banks, investors, and other financial institutions.
• Risk Management: Identify and assess financial risks (market, credit, liquidity, etc.). Implement risk mitigation strategies and internal controls.
• Mergers and Acquisitions (M&A): Assess potential acquisitions, mergers, or divestitures. Conduct due diligence, financial modeling, and valuation.
• Investor Relations: Communicate with shareholders, analysts, and investors. Provide financial updates, answer queries, and manage investor confidence.
• Treasury Management: Manage cash flow, liquidity, and working capital. Optimize cash balances and short-term investments.
• Strategic Decision-Making: Collaborate with the CEO and other executives on strategic initiatives. Provide financial insights to support business decisions.
• Technology and Digital Transformation: Advise on technology investments and digital transformation. Leverage fintech solutions for efficiency and growth.
• Leadership and Team Management: Build and lead a high-performing finance team. Mentor and develop team members.
• Stakeholder Communication: Interact with the board of directors, audit committees, and external auditors. Represent the company's financial interests to various stakeholders.